Binance weighs crypto venture with richest Indonesian family

Crypto exchange Binance is in talks with Indonesia's richest family to set up a local exchange and push crypto trading in the Southeast Asian country, say sources. — REUTERS

Binance Holdings Ltd. is in talks with Indonesia’s richest family, the Hartonos, and a state-owned telecom operator to set up a cryptocurrency trading exchange, according to people with knowledge of the matter.

The world’s largest crypto exchange has been in discussions with PT Bank Central Asia, controlled by sibling billionaires Budi and Michael Hartono, and PT Telkom Indonesia on the venture, the people said, asking not to be named because the matter is private.