BTSE Group, a blockchain trading and payments company, launched BTSE Indonesia in Jakarta on July 3 through a joint venture with PT Aset Kripto Internasional, rebranding the regulated local platform NVX.

BTSE said it will provide trading infrastructure and liquidity, while the Indonesian team handles marketing, partnerships, sales, and user growth.

NVX previously operated under PT Aset Kripto Internasional as an Indonesian digital asset exchange.

BTSE Indonesia said it has received approval from Indonesia’s Financial Services Authority, or OJK, to operate as a regulated digital financial asset trader under the post-transfer regime that moved crypto oversight from Indonesia’s Commodity Futures Trading Regulatory Agency, or Bappebti, to OJK on Jan. 10, 2025.

The company said the license could support future expansion into futures trading and other services, subject to Indonesian regulations.

OJK said Indonesia recorded 556.5 trillion rupiah (US$31.2 billion) in crypto transactions from January to November 2024 and 22.11 million registered customers as of November 2024.

🔗 Source: BTSE Group