– ‘Asosiasi Blockchain Indonesia (ABI)’ is working with regulators and members to finalize the national regulations, set to be announced this year
– Xangle provides off-chain and on-chain data about crypto projects, which ABI uses to make recommendations to regulators
Crossangle, the company operating the cryptocurrency disclosure platform ‘Xangle,’ has signed a partnership agreement with Asosiasi Blockchain Indonesia (ABI). ABI will use data provided by Xangle to better understand the markets and projects and to make recommendations to the Indonesian regulators. This marks the first case where Xangle and its disclosures are used to assist with regulation and institutionalization.
Xangle is a full-scope cryptocurrency disclosure platform, providing off-chain corporate information and individual on-chain data & statistics. More than 220 projects actively share important updates through the platform, which makes it an important source of key progress & updates. Xangle already works with over 55 leading industry partners and has a database of over 500 blockchain projects. Xangle looks to continue with the integration and standardization of more data points so that anyone can access vital information.
As the only association of blockchain companies in Indonesia, ABI is dedicated to the positive growth and development of the industry. ABI provides guidance and education for students and regulators alike, and by doing so, contributes to the mass awareness of the values that the blockchain technology and crypto assets enable. ABI stated that they are “working closely with regulators, focusing on creating a better framework for the industry to help it grow and take off”. They hope to “see more use cases” and expect a “spike of interest towards the industry in 2020”.
Members of ABI have also signed with Xangle, including top exchanges in the country such as Indodax, Coinone Indonesia, and Rekeningku. More members are said to be in discussions with Xangle to utilize its data in their operations.
For more information, please visit https://xangle.io.
** Xangle is a full-scope cryptocurrency disclosure platform, providing off-chain corporate information & important disclosures in addition to individual on-chain data & statistics. Xangle already works with over 55 leading industry partners and has a database of over 500 blockchain projects. More than 250 projects are said to be actively disclosing & announcing news through the platform. Xangle looks to continue with the integration and standardization of more data points so that anyone can use the platform for access to vital information.