JAKARTA - The Futures and Commodity Trading Supervisory Agency (CoFTRA) has issued the latest regulations regarding the trading of crypto assets in Indonesia.
Based on PerBa (CoFTRA Regulation) Number 2 of 2024, the list of legitimate crypto assets for trading in Indonesia has been expanded from 501 to 545 items.
In his official statement, Plt. Head of CoFTRA, Kasan said that this policy adjustment was made to meet market needs and provide legal certainty and protection for the community in transacting Crypto Assets in the Physical Crypto Asset Market.
Responding to this policy, Tokocrypto CEO and Deputy Chair of the Indonesian Crypto Asset Traders Association (ASPAKRINDO) Yudhono Rawis appreciated CoFTRA's steps in issuing PerBa Number 2 of 2024.
"This new regulation creates a clearer framework for market players and investors," Yudho said in a statement received on Thursday, February 22.
In addition, Yudho added, with the addition of a list of legal crypto assets, this is expected to reduce uncertainty and increase confidence in the crypto trading ecosystem in Indonesia.
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He hopes that the existence of this list of legal crypto assets can encourage further volume growth in transactions and increase the adoption of blockchain technology and crypto assets in Indonesia.
"However, market players and investors are advised to remain cautious and perform due diligence before engaging in crypto asset trading, given the volatile nature of the market and the risks associated with the investment," he added.
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