“Given Indonesia’s substantial potential in the crypto asset industry to compete with other Southeast Asian nations, intensive efforts from the government are required to expedite industry growth,” she concluded.
Contacted separately, the President of the Indonesian Crypto Asset Traders Association (Aspakrindo), Teguh Kurniawan Harmanda, expressed belief that the crypto exchange could boost public trust in crypto asset investments.
“Providing a record-keeping system where trading still occurs with existing crypto asset traders. With this system in place, crypto asset traders can offer trading facilities on their platforms regularly, reasonably, and efficiently,” he stated.
Looking ahead, Harmanda hopes that investor transaction volumes in crypto assets will rise. Additionally, new crypto industry players can expedite their licensing process.
“This can instill more confidence in the public, leading to increased transaction volumes, and of course, our colleagues can swiftly secure full licenses,” he concluded.
Earlier, Bappebti had established the cryptocurrency exchange. Firstly, through Decision of the Head of Bappebti Number 01/BAPPEBTI/SP-BBAK/07/2023 dated July 17, 2023, regarding Approval as a Crypto Asset Futures Exchange, PT Bursa Komoditi Nusantara was designated.
Furthermore, Bappebti also issued Decision of the Head of Bappebti Number 01/BAPPEBTI/SP-LKBAK/07/2023 dated July 17, 2023, concerning Approval as a Futures Clearing Institution for Guaranteeing and Settling Physical Crypto Asset Market Trading to PT Kliring Berjangka Indonesia.
Another aspect regulated by Bappebti is the Custodian of Crypto Asset Storage through Decision of the Head of Bappebti Number 01/BAPPEBTI/SP-PTPAK/07/2023 dated July 20, 2023, regarding Approval as a Custodian of Crypto Asset Storage to PT Tennet Depository Indonesia
