The Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Trade (Kemendag) has established the establishment of a crypto exchange. Head of CoFTRA, Didid Noordiatmoko and his staff have appointed PT Bursa Komoditi Nusantara to become the manager of the crypto commodity futures exchange.

This stipulation was officially stipulated in the Decree of the Head of CoFTRA Number 01/BAPPEBTI/SP-BBAK/07/2023 dated 17 July 2023 concerning Approval as a Crypto Asset Futures Exchange to PT Bursa Komoditi Nusantara.

In addition, CoFTRA also issued Decree of the Head of CoFTRA No. 01/BAPPEBTI/SP-LKBAK/07/2023 dated 17 July 2023 concerning Approval as a Futures Clearing House for Guarantee and Completion of Trading in the Physical Crypto Asset Market to PT Kliring Berjangka Indonesia.

Another matter that is also regulated by CoFTRA is the Manager of the Crypto Asset Storage through the Decree of the Head of CoFTRA Number 01/BAPPEBTI/SP-PTPAK/07/2023 dated 20 July 2023 concerning Approval as the Manager of the Crypto Asset Storage to PT Tennet Depository Indonesia.

“The establishment of exchanges, clearing, and managers of crypto asset storage is proof that the government is present in an effort to create a fair and fair crypto asset trading ecosystem to guarantee legal certainty and prioritize protection for the public as customers,” Didid said in a written statement.

Didid explained, the formation which was carried out during the transitional period of the Financial Sector Development and Strengthening Law (UU P2SK) was focused on so that the Indonesian crypto industry would continue and be well maintained, and be able to contribute to the economy through state revenues.

Approval as the Exchange, Clearing, and Manager of Crypto Assets Storage Refers to Bappebti Regulation Number 2 of 2019 concerning the Implementation of Commodity Physical Markets on the Futures Exchange as amended by BAPPEBTI Regulation Number 10 of 2019 and Bappebti Regulation No. 8 of 2021 concerning Guidelines for the Implementation of Physical Markets of Crypto Assets (Crypto Asset) on the Futures Exchange as amended by Bappebti Regulation Number 10 of 2022.

Written by:
Aulia Damayanti – detikFinance
From the article “RI Launches Crypto Exchange”