Indonesia's New Crypto Licensing Regime Raises Market Monopoly Concerns 🇮🇩
💼 Indonesia's new licensing system for crypto exchanges has sparked worries about potential monopolistic conditions. Only a few companies, such as Binance's Tokocrypto, have secured the coveted licenses, limiting consumer options and potentially raising transaction fees.
⏳ Smaller players struggle with high capital requirements and a slow approval process, which could stifle innovation and hinder market competition.
#CPI_BTC_Watch #DOGSONBINANCE #CryptoMarketMoves #Write2Earn! #BTC☀
BTC
71,000
-7.23%
ETH
2,103.29
-7.84%
BNB
693.73
-9.20%