Binance Holdings Ltd. is in talks with Indonesia’s richest family, the Hartonos, and a state-owned telecom operator to set up a cryptocurrency trading exchange, according to people with knowledge of the matter.
Apart from the bank, the Hartonos also own a major cigarette manufacturer, a telecom-services firm as well as e-commerce businesses. Telkom Indonesia is studying new opportunities to partner with top players through its venture-capital arm MDI Ventures, especially considering the potential in the blockchain and crypto markets and the opportunity to leverage the group’s connectivity capabilities, said Ahmad Reza, the firm’s vice president of corporate communications and investor relations.
Skipping Malaysia.
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