Authorities in Indonesia do not intend to follow Chinau2019s example of imposing an outright ban on cryptocurrencies, a government official said, noting the country will limit itself to ensuring they are not used in illegal activities. The statement comes after local crypto exchanges registered a serious increase in turnover this year. Indonesia to Tighten Regulations Without Prohibiting Crypto TransactionsThe Indonesian government will not follow in the footsteps of China, which has confirmed a ban on all cryptocurrency transactions, the countryu2019s Minister of Trade Muhammad Luthfi emphasized in comments to local media. The official added, however, that the government is looking…