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Place/Date: Indonesia - July 19th, 2021 at 7:46 pm UTC · 6 min read Source: Tokocrypto The multi-million-dollar question now is: what’s next for digital currencies? The answer will be found in Asia. The likely outcome in Asia is that the trend becomes the norm. China is leading the world in central bank digital currency deployment along with Cambodia, while Singapore has cautiously positioned itself to be a major player using a different approach. In each case, Asian economies are on the cutting edge of innovation, while avoiding the pitfalls of bitcoin by ensuring government sovereignty over currency, not having a common currency with other economies, and allowing for the supply of their currencies to be adjustable. ....
Indonesian crypto exchange Tokocrypto, backed by the world s largest exchange, Binance, reportedly aims to hold an initial public offering (IPO). What Happened: According to a Wednesday Nikkei report, Tokocrypto wants to debut on the public market within two to three years. I m saying two years because we need to be profitable for at least more than two years before listing. We are already profitable now. Our key focus at Tokocrypto is to grow the business further, expand our operations to more parts of Indonesia and make crypto mainstream in the country, the company s CEO Pang Xue Kai said. Tokocrypto reportedly raked in $10 million of profits through its 0.1% trading fees this year alone. ....