Indonesia's New Crypto Licensing Regime Raises Market Monopoly Concerns đŸ‡źđŸ‡©

đŸ’Œ 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

BTC
BTC
67,437
-1.62%

$ETH

ETH
ETH
1,944.09
-2.25%

$BNB

BNB
BNB
611.93
-2.43%