Indonesia's XRP Regulatory Hurdles Uncertain Amid Digital Asset Classification
XRP's regulatory future is uncertain in Indonesia due to its classification as a digital financial asset.
The country's Financial Services Authority (OJK) has licensed and supervised PT Bumi Santosa Cemerlang, which facilitates crypto assets and derivatives, including XRP.
All transactions are recorded by Central Finansial X (CFX) and guaranteed by Kliring Komoditi Indonesia (KKI).