In brief: Cryptocurrency traders in Indonesia object to new futures rules

• Indonesian cryptocurrency traders are complaining that the government’s new rules on futures trading, which impose a high minimum capital for traders, will hinder market growth.
• Indonesia’s Commodity Futures Trading Regulatory Agency has stipulated a 1 trillion rupiah (US$71.17 million) minimum paid-up capital for new traders offering future contracts for crypto assets.
• The new regulation also requires traders to have a client support division, employ at least one certified security practitioner, keep transaction data for at least five years, and have a server inside the country.

Source: Reuters