Crypto Outlook 2024: Reku, CoFebti And CFX Talk About The Development Of The Crypto Market

The speakers at the Crypto Outlook 2024 event by Reku (photo: Reku)

JAKARTA - Data from the Commodity Futures Trading Supervisory Agency (CoFTRA) shows that as of November 2023, the number of crypto asset customers registered in Indonesia has reached 18.25 million.

Of this amount, CoFTRA sees that the average monthly growth of customers is 437.9 thousand since February 2021. Thus, this shows the high enthusiasm of the public for crypto assets.

However, in the 2024 Crypto Outlook, Robby as Chief Compliance Officer (CCO) and General Chair of Aspakrindo-ABI said that 2023 is a year full of challenges for financial markets and investments, including crypto assets.

Among them are issues about illegal exchange platforms that cause security risks for investors. One of the drivers is the high tax that makes investors choose platforms not registered," Robby said, quoted Monday, December 18.

In addition, Robby added, another challenge faced is crypto asset services which are still limited to trading spots.

"Responding to these challenges, together with the Association we are actively synergizing with various stakeholders, including with CoFTRA and the Exchange to tackle illegal exchanges," Robby explained.

At the same time, Subani as President Director of PT Bursa Komoditi Nusantara (CFX) said the role of the Crypto Exchange is also in line with the spirit to accelerate industrial growth by prioritizing investor security.

"Crypto Bursa is here to provide trade supervision and security to provide protection and convenience for crypto asset investors," said Subani.

Lebih dari itu, Subani juga mengungkapkan pentingnya transparansi dalam proses pengawasan Bursa Kripto terhadap para pedagang, termasuk transparansi dalam seluruh proses jual-beli aset.

"Starting from the Know Your Customer (KYC) procedure during registration, daily transactions, to funding. So it is hoped that each trader will also cooperate in this case, so that the Crypto Exchange can monitor every operation that occurs smoothly and investors can be safer and more comfortable in investing," he added.

Currently, the Crypto Exchange is in the process of CPFAK approval to PFAK. Subani said this process took a long time because there were 29 CPFAK and 3 non-CPFAK that needed to go through the same stage.

"After this process is complete, we will immediately issue PFAK for traders who have met all the requirements," explained Subani.