JAKARTA - PT Pintu Kemana Saja (PINTU), the crypto trading and investment platform announced that it will be the first crypto company in Indonesia to receive an Approval Letter of Exchange Members (SPAB) through the Decree of the Board of Directors of PT Bursa Komoditi Nusantara number SPAB-001/PFAK/BKN/03/2024. SPAB was given directly by the President Director of CFX Subani to General Counsel PINTU Malikulkusno (Dimas) Utomo, at CFX Tower, Jakarta, Friday 5 April.
General Counsel PINTU Malikulkusno (Dimas) Utomo expressed his high appreciation to CFX for giving full trust to the PINTU as the first crypto company in Indonesia to receive a SPAB.
"We always strive to be at the forefront not only to provide innovative features, but also to become a company that is comply with regulations. We do everything to provide security for crypto investors and provide full support for the crypto ecosystem in Indonesia," he said in a written statement, quoted on Sunday, April 7. For information, to obtain permission to become a Physical Crypto Asset Trader (PFAK) from the Commodity Futures Trading Supervisory Agency (CoFebti), a crypto company that has the status of a Candidate for Physical Traders of Crypto Assets (CFPAK) or Non-CPFAK must obtain a SPAB issued by CFX as well as a recommendation letter from CFX.
As for the requirements to obtain a SPAB and a recommendation letter, crypto asset traders must register as Exchange Members and be able to meet the administrative and technical document requirements set by the exchange.
“PINTU is committed to following all applicable processes, requirements and regulations. Collaboration with CFX is very well established so that the process of obtaining SPAB runs smoothly. After obtaining the SPAB and letter of recommendation, PINTU will continue the Fit and Proper Test process carried out by Bappebti to obtain approval to become a PFAK,” said Dimas.
In realizing a transparent crypto asset ecosystem, CoFTRA published Circular No.47/BAPPEBTI/SE/03/2024 concerning the Implementation of Crypto Asset Physical Market Trading Implementation (Crypto Assets) on the Futures Exchange. The Circular emphasized the optimization of the crypto asset ecosystem in particular the implementation of physical market trading of crypto assets on the futures exchange. CoFTRA encourages trading of crypto assets to have maximum performance as well as the realization of a transparent, effective, and efficient crypto ecosystem.
PINTU have served crypto investors in Indonesia for four years. Various achievements have been achieved ranging from applications downloaded by 7 million users, community members who reach 1 million members on various platforms, to line-up of innovative and educational products such as Pintu Earn, PTU Staking, Limit Order, Auto DCA, Gate Academy, to Web3 Wallet Gate. In the future, the DOOR will continue to collaborate with CFX to encourage crypto adoption in Indonesia to be more secure, open, and innovative, "concluded Dimas."
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