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Indonesia’s markets regulator, Bappebti, has declared Cardano’s native token, ADA, as a commodity, which marks an important development in the global cryptocurrency industry. The regulator evaluated the cryptocurrencies before listing them, looking at their utility, functionality, and intrinsic value within their respective blockchain ecosystems. The recognition of ADA as a commodity could shift the power dynamic in the cryptocurrency landscape, with countries like Indonesia and China embracing and recognizing cryptocurrencies as tradable assets. The move could open up the possibility for neighboring countries to reconsider their regulatory approach to cryptocurrencies and foster regulatory clarity, innovation, and investment.
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