Why did Indonesia launch a national crypto asset exchange?
Could you elaborate on the rationale behind Indonesia's decision to launch a national crypto asset exchange? What specific factors led to this move, considering the country's existing financial infrastructure and regulatory framework? Was it a response to global trends in cryptocurrency adoption, or did Indonesia identify specific benefits that could be gained from facilitating crypto transactions domestically? How does this exchange align with the country's long-term financial goals and strategies? And finally, what are the potential challenges and risks that Indonesia needs to address in order to ensure the success of this initiative?