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Binance in talks with Indonesia’s richest family for crypto venture: Report
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Binance Holdings Ltd., the operator of one of the world’s largest crypto exchanges, is in talks with PT Bank Central Asia (BCA), and state-owned PT Telkom to set up a cryptocurrency trading exchange, according to a Bloomberg report.
The partnership between BCA - controlled by sibling billionaires Budi and Michael Hartono - and the country's largest telecom operator would boost the adoption of cryptocurrencies in the Southeast Asian nation, where a majority for adult population has a little access to banking or formal finance, the report said.
Apart from the BCA, Indonesia’s richest family also own a major cigarette manufacturer, a telecom-services firm as well as e-commerce businesses.
The deal would offer a firm ground to the nation’s most
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