Welcoming The Launch Of The Crypto Exchange, Tokocrypto: Strengthen The Digital Ecosystem

Crypto exchanges can strengthen the digital ecosystem (photo: Unsplash)

JAKARTA - The Commodity Futures Trading Supervisory Agency (CoFTRA) has finally inaugurated the launch of the national crypto exchange through the Decree of the Head of CoFTRA Number 01/BAPPEBTI/SP-BBAK/07/2023 dated July 17, 2023 regarding the Approval as a Crypto Asset Futures Exchange to PT. Nusantara Commodity Exchange.

Head of the Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade Did Noordiatmoko said that the formation of the stock exchange is proof of the government's efforts to create a secure crypto asset trading ecosystem.

"The establishment of the stock exchange, clearing, and manager of the crypto asset storage as evidence that the government is present in an effort to create a fair and fair crypto asset trading ecosystem to ensure legal certainty and prioritize protection for the public as customers," Didid said in a press release.

According to Didid, physical trading of crypto assets carries a fairly high risk. According to its nature, the value of crypto assets can increase or decrease in value very drastically in a very fast time.

"For this reason, a good understanding is needed in the community, including the benefits, potential, and risks of trading crypto assets," explained Didid further.

In line with this step, the CEO of Tokocrypto, Yudhono Rawis, welcomed and appreciated the determination of the Crypto Asset Storage Exchange, Clearing, and Management by CoFTRA.

According to him, this determination is an important step in strengthening Indonesia's position as one of the centers of trading and innovation of crypto assets, as well as the digital ecosystem in Southeast Asia. Moreover, this crypto exchange or futures exchange is the first in the world.

In addition, the existence of this institution can also expand accessibility to crypto assets for the general public. We as one of the industry players, support and wait for other strategic directions regarding this institutional determination where Tokocrypto will continue to prioritize user comfort and security, if there are changes or adjustments that must be made," said Yudho.