With the Indonesian government requiring cryptocurrency traders to keep a deposit of 80 billion rupiah (approximately $5.7 million) among other requirements in order to participate in futures trading, sector players have complained that this will strangle the nascent industry.

The new regulations were released last week by the Indonesian markets regulator, the Commodity Future Trading Regulatory Agency (BAPPEBTI).

Just How Punishing are Indonesia’s New Regulations for Crypto Futures?

Among the various requirements, the minimum paid-up capital levels have emerged as a major sticking point, per The Jakarta Post. Besides a minimum deposit of $5.7 million, there’s also a minimum paid-up capital of 100 billion rupiah ($7 million-plus) required.

Cryptocurrency exchanges, on the other hand, will be required to have a minimum capital of 1 trillion rupiah ($70.9 million). A minimum paid-up capital of 800 billion rupiah ($56.7 million) will also be required.

Read the full story on CCN.com.