Bitwyre Gets Official PFAK CoFTRA License, Ready To Make First Crypto SuperApp
JAKARTA - Bitwyre announced that they have obtained an official license as a Physical Crypto Asset Trader (PFAK) from the Indonesian Commodity Futures Trading Supervisory Agency (CoFTRA).
With this license, Bitwyre is now fully authorized to operate within the framework of trading crypto assets in Indonesia, presenting a safe, transparent, and innovative platform for investors and traders.
For Bitwyre, this achievement also opens up opportunities to realize the vision of developing Crypto SuperApp which offers easy on ramp and off ramp solutions as well as practical coin exchange features.
The company also has ambitions to become the largest stablecoin trading platform in Indonesia, as well as develop the latest derivative trading technology.
"By complying with applicable regulatory standards, Bitwyre is determined to build long-term trust in the community and play an active role in shaping the future of the crypto asset industry in Indonesia," said Jaricho Naftaly, head of the Bitwyre Government Relations in his official statement quoted Wednesday, January 15.
Head of the Commodity Futures Trading Supervisory Agency (CoFTRA), Tirta Karma Senjaya, emphasized the importance of licensing roles in creating a safe and sustainable crypto ecosystem.
He stated that only companies that are able to meet strict regulatory standards are entitled to approval.
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"The acquisition of a PFAK license from CoFTRA is an important achievement for Bitwyre. This step accelerates our mission to bring the first Crypto SuperApp in Southeast Asia to offer a smooth mobile trading experience as well as a coin staking feature that will be launched at the end of this year," said Dendi Suhubdy, CEO of Bitwyre.
Bitwyre yakin dapat memberikan yang terbaik bagi pelanggannya melalui SuperApp yang dirancang untuk memenuhi semua kebutuhan kripto mereka, mulai dari fitur staking hingga akses ke fitur perdagangan yang terbaru.