Legal Crypto Asset Trading in Indonesia

Rancakmedia.com  – You need to know that legal crypto asset trading in Indonesia, including crypto assets such as Bitcoin, goes hand in hand with attention to investment.

List of crypto assets which can be traded on the physical crypto asset market have been issued by CoFTRA Regulation Number 7 of 2020 to eliminate this possibility.

The rules aim to support the building of a favorable investment environment and prohibit the use of crypto assets for criminal reasons, such as money laundering, terrorist financing and development of weapons of mass destruction.

There are 229 different types of crypto assets listed by Bappebti which can be traded on the physical crypto asset market.

Therefore, items that are not included in the list must be delisted. Transparency in the transfer of crypto assets is the goal here. Also, in a setting that encourages healthy competition among participants.

Moreover, physical market transactions for crypto assets continue to grow and market segmentation is getting bigger, especially in the form of Bitcoin.

Since the start of 2020, the price of Bitcoin has increased by nearly 570 percent. At the beginning of 2020, the price of 1 Bitcoin was 8,440 US dollars, then it grew to 29,000 US dollars at the end of 2020 and the price jumped to 48,149 US dollars at the beginning of 2021.

It is important to remember that crypto assets cannot be used to make payments; instead, they can only be traded on the futures market as a commodity for investment.

Price fluctuations, absence of government involvement, high supply and demand, and commodity standards are some of the aspects that allow crypto assets to become commodities. A.

However, before investing in crypto assets, the general public should be aware of the methods and dangers involved, as well as the necessity of using legal money for investment.

Prospective traders of physical crypto assets also need to check the registration marks of Bappebti as traders of physical crypto assets by the general public.

List of Crypto Asset Trading Companies

By early 2021, 13 companies had obtained registration marks from Bappebti and became physical traders of crypto assets. These companies include:

  1. PT Crypto Indonesia Blessing,
  2. Upbit Exchange Indonesia
  3. PT Tiga Inti Utama
  4. PT Indodax Nasional Indonesia
  5. PT Pintu Anywhere
  6. PT Zipmex Exchange Indonesia
  7. PT Bursa Crypto Prima
  8. PT Luno Indonesia Ltd
  9. PT Rekeningku Dotcom Indonesia
  10. PT Indonesia Digital Exchange
  11. PT Cipta Coin Digital
  12. PT Triniti Investama Thanks, and
  13. PT Plutonext Digital Asset

Conclusion

Thus the article about Legal Crypto Asset Trading in Indonesia, I hope the article above can be useful and help all of you in trading crypto assets.

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