New Bitcoin exchanges arise in Indonesia, India and Romania

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Great week for Bitcoin with new exchanges popping up in three different markets. Indonesia, India and Romania are the countries that now have new cryptocurrency platforms.

Bitcoin.co.id is the name of Indonesia’s new exchange, a country that seems “infected” by China’s zest regarding digital money, despite the fact that it only holds one percent or less of the total market share, said Oscar Darmawan, the platform’s co-founder. “If the United States and China continue the trend, India and Indonesia could be the next big market [for Bitcoin]. Currently, the number of investors and merchants who accept Bitcoin [in Indonesia]is still very small”, Darmawan said.

But what do the Indonesian authorities have to say about cryptocurrency? Very recently, the Bank of Indonesia released a statement saying that “Bitcoin is a potential payment method, but it’s different than ordinary currency. It is not regulated by the central bank so there are risks”.

Difi Ahmad Johansyah, the executive director of communications at Bank Indonesia, added that the institution is studying Bitcoin at the moment and has “no plan to issue regulation on it” for now.

India and Romania

Speaking about India and its possibilities, this is another market that also has a new exchange, called Unocoin. The platform, which allows the users to buy and sell Bitcoins, was recently launched by Coinmonk Ventures.

And, on other continent, but serving the same purpose, Romania is also betting on cryptocurrency with the new Btcxchange.ro. The project intends to open the world of virtual money and digital trading to the Romanian people, the site Adevarul.ro reports.

The founder of the service, Horea Vuscan, says that “in an increasingly dynamic world, a concept cannot last forever. If gold was used several thousand years ago as currency, today it’s already an outdated concept because it’s virtually impossible to move piles of gold from one place to another to make payments”.

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Maria Santos

Maria is an experienced journalist currently living in the UK. She has been writing about Bitcoin and the altcoin universe since 2013. She is also a member of the Lifeboat Foundation's New Money Systems Board and a big cryptocurrency supporter.

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