CoFTRA Releases List Of 383 Legal Cryptos In Indonesia

Deputy Minister of Trade (Wamendag) Jerry Sambuaga. (Photo: Mery Handayani/VOI)

JAKARTA - The Ministry of Trade (Kemendag) through the Commodity Futures Supervisory Agency (CoFTRA) has released the latest rules for trading the physical market for crypto assets, namely CoFTRA Regulation (PerBa) Number 11 of 2022.

In this latest regulation, there are 383 cryptocurrencies registered and eligible for CoFTRA.

Deputy Minister of Trade (Wamendag) Jerry Sambuaga said, PerBa Number 11 of 2022 concerning the Determination of the List of Crypto Assets Traded in the Physical Crypto Asset Market.

This regulation revokes the previous regulation, namely PerBa Number 7 of 2020.

“PerBa Number 11 of 2020, among other things, is to accommodate the needs of prospective crypto asset traders, including the crypto asset industry in Indonesia. This is in accordance with the growth of data on the number of customers and also the volume of transactions that continues to increase and also the types of crypto physical assets that continue to grow," he said at a press conference, Monday, August 15.

Jerry explained, in the PerBa, there are 383 crypto assets registered in the physical market for crypto assets.

Previously, only 229 cryptocurrencies were contained in PerBa Number 7 of 2022.

However, Jerry continued, only 161 cryptocurrencies were eligible.

Then, there are 222 new and eligible cryptocurrencies in addition. This brings the total to 383 crypto assets.

"This means that out of 229 they will not automatically pass again. But we evaluate, see to make sure and it turns out that there are those who do not meet the requirements, so they fulfill it, which is 161 out of 229. What is new means the addition is 222. So the total of those determined is 383," he said.

Jerry emphasized that the PerBa Number 11 of 2022 also regulates the procedures for adding and subtracting the types of cryptos traded.

That way, said Jerry, this is proof that the Ministry of Trade through CoFTRA wants to provide protection to consumers as well as business actors.

Approval or assessment also involves crypto business associations.

"We are very selective, we also follow the process, really carefully ensure that all types of cryptocurrencies that are traded follow the applicable procedural regulations with a very strict selection," he explained.

Of the 383 registered in the Crypto Asset Physical Data, there are 10 tokens that belong to domestic business actors, the following is the list:

1. Ana Coin

2. Cindrum

3. Degree crypto token

4. RupiahToken

5. KunciKoin

6. Livepeer

7. Shill Token

8. PTU Token

9. Tokenomy

10. Toko Token