Copy link
Increase text size
Decrease text size
Link copied

Crypto exchange Indodax receives license from Indonesia’s regulatory authority BAPPEBTI

Wed, 05 Feb 2020, 12:57 pm UTC

Indonesian cryptocurrency exchange Indodax has obtained a license from the country’s Commodity Futures Trading Regulatory Agency (BAPPEBTI) and completed its formal registration, according to local news outlet

BAPPEBTI, operating under the Ministry of Trade, is responsible for the supervision of the crypto asset trading activities in the country. The agency issued two regulations last year, prescribing compliance rules for all cryptocurrency exchanges. Under the new rules, officially registered crypto exchanges will be able to legally offer crypto trading services starting February 2020, The Block reported.

Tokocrypto was reportedly the first Indonesian cryptocurrency exchange to receive a license from BAPPEBTI.

Indodax’s registration with the BAPPEBTI means that the exchange has passed all the regulatory requirements relating to the transaction system, risk control management, resource allocation, and operation Infrastructure.

Indodax CEO Oscar Darmawan said that they would continue to work closely with BAPPEBTI to accelerate digital economic growth and financial inclusion through the application of blockchain technology.

"As a market leader in crypto-assets with members reaching two million people, we always want to walk in line with government regulations. I really appreciate the support of the Indonesian government which is getting better in the effort to develop this digital ecosystem,” said Darmawan. “With the receipt of Indodax's registration for Bappebti, we are determined to continue to innovate through various products owned by Indodax.”

In addition to being registered with BAPPEBTI, INDODAX claims to be the only startup in the blockchain world that has two International ISO standards namely the ISO 9001 standard on Quality Management Systems and ISO 27001 on Information Security.

"This registration from Bappebti makes Indodax as one of the official trading platforms that enable the Indonesian people to make alternative investments in crypto assets. Of course, our innovation will not stop here. We are also preparing another breakthrough for the development of the investment ecosystem in Indonesia,” Darmawan was quoted as saying.

[The article has been written using an online translation of the source article in Indonesian.]

TokenPost | [email protected]

<Copyright © TokenPost. All Rights Reserved. >

To leave a comment, please sign in.
  • Moses
  • 2020.05.04 02:46:06
I am a cryptocurrency trader and i make over 200% daily, If you are interested,i can teach you how to trade and also help you achieve your goal in life with crypto i can turn
$4500 into $35000 in less then four weeks,now that bitcoin has low prices...please note that cryptocurrency trading is bitcoin unlike binary and Forex,bitcoin is traded for altcoins also you can reach to me if you are new to bitcoin and to give you more info and guideline on how to invest smartly, this is opportunity life time knocking on your door inbox me for more me on whatsapp :+12067425358 happy new year to you all .
  • 0
  • ·
  • 0
  • Bitcoin (btc) $34,595.00 (-4.27%)
  • Ethereum (eth) $2,124.08 (-5.55%)
  • Tether (usdt) $1.00 (+0.30%)
  • Binance Coin (bnb) $325.11 (-4.81%)
  • Cardano (ada) $1.38 (-3.18%)
  • Bitcoin (btc) $34,595.00 (-4.27%)
Jun 20, 2021 (Sunday)
BTC Surges by 1.01% Within 5 Mins, Marking 34,167.36 USDT
BTC Drops by 1.42% Within 5 Mins, Marking 33,515.6 USDT
BTC Drops by 1.13% Within 5 Mins, Marking 34,888.01 USDT
Crypto Market Sentiment On Jun 20: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Outflow With $179.62 Mln In Past 10 Hours
BTC Drops by 1.16% Within 5 Mins, Marking 35,251.78 USDT
Jun 19, 2021 (Saturday)
BTC Surges by 1.05% Within 5 Mins, Marking 35,960.19 USDT
BTC Surges by 1.04% Within 5 Mins, Marking 35,392.4 USDT
BTC Drops by 1.06% Within 5 Mins, Marking 34,968.6 USDT
Jun 18, 2021 (Friday)
BTC Surges by 1.18% Within 5 Mins, Marking 36,474.01 USDT
CRYPTOBANK’s CBANK Token To Be Listed On
Crypto Market Sentiment On Jun 18: Market In "Extreme Fear"
BTC Tops List Of Crypto Net Outflow With $553.46 Mln In Past 10 Hours
Jun 17, 2021 (Thursday)
BTC Surges by 1.05% Within 5 Mins, Marking 37,733.19 USDT
BTC Drops by 1.16% Within 5 Mins, Marking 37,834.09 USDT
TriumphX Publishes NFT In Partnership With Artist HANJUNGSUN
Crypto Market Sentiment On Jun 17: Market In "Fear"
BTC Tops List Of Crypto Net Inflow With $233.17 Mln In Past 10 Hours
Jun 16, 2021 (Wednesday)
BTC Surges by 1.05% Within 5 Mins, Marking 38,856.33 USDT
BTC Drops by 1.21% Within 5 Mins, Marking 38,668.43 USDT
Subscribe to the TokenPost newsletter!
Don't show me this again today.
Back to top
Copyright ⓒ TokenPost. All Rights Reserved.