JAKARTA - Not long ago, one of the largest crypto exchanges in the Binance world caused a stir in the crypto industry, where former CEO Changpeng Zhao pleaded guilty to money laundering charges.

Atas tuntutan tersebut, Zhao harus membayar denda sebesar 50 juta dolar AS (Rp778 miliar) ke Departemen Kehakiman AS (US Department of Justice/DOJ), dan mengundurkan diri sebagai CEO Binance.

Binance as the exchange will also pay a fine of US$4.3 billion (Rp66.9 trillion), which is the largest nominal fine ever imposed on a company in history.

Commenting on this case, Robby as CCO Reku and General Chair of the Indonesian Crypto Asset Traders Association (Aspakrindo) said that this news has the potential to affect global investor optimism for crypto assets.

However, Robby hopes that the public can take lessons from the news. Especially in choosing the platform, he advised investors to choose the exchange registered with CoFTRA.

"Moreover, in Indonesia itself, the government is seriously regulating all the operations of the registered crypto exchange platform," Robby explained in a statement received by VOI, quoted Friday, November 24.

At the same time, Crypto Analyst Reku, Fahmi Almuttaqin said the potential decline in investor optimism could also be caused by a nominal fine which is the highest record among previous crypto cases.

"The nominal fine of more than 4 billion US dollars if allocated for investment in developing crypto projects will certainly have a very positive impact on the market", said Fahmi.

The crypto market also experienced bearish after the news. Launching Coinmarketcap on November 22, 2023, Bitcoin fell 3.62 percent to 36,107 US dollars or Rp561.64 million.


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