Bitcoin jumped above $17,400, and the'Grayscale discount' narrowed. Plus, it’s not completely correct to think that Indonesia is launching a competitor to Binance. the samreynolds and Liqquidity report.
continues, and the speculation can be seen in the recent narrowing of the so-called"GBTC discount" to an eight-week low.By CoinDesk Indonesia and Sam Reynolds
Within Indonesia, crypto exchanges like Binance are referred to as “Physical Traders of Crypto Assets” by the country’s Commodity Futures Trading Regulatory Agency, also known by its Indonesian acronym BAPPEBTI. When authorities in Indonesia refer to"crypto exchange," it means something closer to a pricing reference index such as the NASDAQ composite.
But on the other hand, crypto does lose some of its appeal if it's as regulated and controlled as equities. There are possibilities that the government might implement things like trading hours and restrictions on price movements.
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