NOBI has officially obtained a license as a Physical Crypto Asset Trader (PFAK) from the Commodity Futures Trading Supervisory Agency (Bappebti). Having obtained the PFAK license, NOBI now possesses full authorization to adhere to the regulations outlined in Bappebti Regulation Number 13 of 2022. This is an update to Bappebti Regulation Number 8 of 2021 and is about how to organize trading in physical crypto assets on futures exchanges.

This achievement is clear evidence of NOBI’s commitment to regulatory compliance, transparency, and investor protection. According to Lawrence Samantha, CEO & Co-founder of NOBI, as quoted from NOBI’s official website, “This PFAK license shows our dedication to building trust through transparency and full compliance with regulations. We are committed to protecting investors by implementing strict Anti-Money Laundering (AML) and Know Your Customer (KYC) standards, as well as ensuring security in storing funds and crypto assets.”

Meanwhile, Dionisius Evan Grady, Co-founder of NOBI, added, “This achievement further encourages us to continue innovating and providing the best for users. NOBI is here to empower every investor with a simple, safe, and profitable crypto investment experience.”

With this new license, NOBI is ready to resume its full operations with several services, such as new user registration, which has been opened starting today. In addition, Rupiah deposits and crypto asset trading will be active again on Monday, September 30, 2024, at 13:00 WIB.