Indonesia’s crypto asset industry is booming, and the Commodity Futures Trading Supervisory Agency (CoFTRA) is stepping up to ensure stability and protect investors. Industry players, like the Association of Blockchain & Indonesian Crypto Asset Traders (Aspakrindo-ABI), are fully on board with CoFTRA’s initiatives.
Yudhono Rawis, Deputy Chairperson of Aspakrindo-ABI, highlighted the importance of CoFTRA’s efforts in strengthening regulations and optimizing the crypto asset ecosystem. The industry is committed to working closely with regulators to ensure sustainable growth and investor protection.
Crypto asset players are also focusing on education, security measures, and compliance with KYC and AML regulations. Some have already obtained membership certificates and licenses to become Physical Crypto Asset Traders (PFAK) from CoFebti.
The collaboration between regulators and industry players is crucial for the industry’s rapid growth and success. With a proactive approach to regulation and supervision, Indonesia’s crypto asset industry is poised to provide benefits to all stakeholders.
