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BTSE Obtains Indonesian Crypto License via NVX Transformation
BTSE's Indonesian exchange, formed via the NVX transformation, receives OJK approval for rupiah deposits and trading. Local management handles customer acquisition and partnerships.
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BTSE has launched a licensed cryptocurrency platform in Indonesia, formed through the transformation of NVX, a locally authorized digital asset exchange. The Financial Services Authority (OJK) approved the operation, permitting BTSE Indonesia to offer rupiah deposits, withdrawals, and IDR-denominated trading pairs, the company said.
The exchange operates as a joint venture between BTSE Group and PT Aset Kripto Internasional. BTSE Group provides the core trading technology, market liquidity, and operational infrastructure. Indonesian management handles customer acquisition, partnerships, and promotional efforts, BTSE said.
The OJK authorization positions BTSE Indonesia as a Digital Financial Assets and Crypto Assets Trading Operator, a license category that requires compliance with anti-money laundering rules and operational transparency standards. The platform can work with domestic banks and payment processors for fiat on-ramps.