Pluang Officially Obtains CoFTRA License As Crypto Exchange In Indonesia

Stella Lukman, CCO Pluang (left) (photo: dock. Pluang)

Pluang, an investment application and multi-asset trading in Indonesia, through a partnership with PT Bumi Sentosa Cemerlang (BSC), has officially obtained a full license and is one of the first in Indonesia as a Physical Crypto Asset Trader (PFAK).

With letter number 02/BAPPEBTI/PFAK/08/2024 from the Commodity Futures Trading Supervisory Agency (CoFTRA) on August 1, 2024, this license is a form of Pluang compliance with applicable regulations.

"The fulfillment of this obligation is a form of Pluang's compliance with regulations that apply as a leading investment platform that is always committed and its actions to increase consumer security and trust," said Pluang Chief Operating Officer, Stella Lukman in a statement quoted on Tuesday, August 20.

Furthermore, Stella also said that this PFAK license is a form of protection for crypto investors by guaranteeing that crypto asset trading on our platform has been official and meets the licensing provisions of CoFTRA.

"This license also provides legal protection for PT BSC under the auspices of CoFTRA as the current crypto asset regulator in carrying out daily operational activities legally," he continued.

Seeing the increasing prestige of crypto asset trading as one of the investment instruments in Indonesia, Pluang invites the wider community to be wiser in investing, especially in determining the purpose of investing and learning the function of selected assets.