Crypto Asset Trading in Indonesia: New Dawn

By Editorial Team 15/11/2021
Survei 139 Eksekutif Perusahaan Digital: Ekonomi Digital di Tengah Krisis Covid-19
Summary

The Indonesian Trade Ministry’s Commodity Futures Trading Regulatory Agency (Bappebti) has issued a regulation on trading crypto assets in the physical market through the Bappebti Regulation No. 8/2021. The government demands crypto asset trading to be carried out with the principles of good corporate governance leading to transparent and fair prices.

Crypto asset trading shall be carried out through an exchange legalized by Bappebti. Deputy Trade
Minister Jerry Sambuaga revealed that a crypto asset exchange would open at the end of 2021. Currently, the government keeps validating, verifying, and developing administrative and technical procedures to support its establishment. "We want the rules and regulations to be more systematic, integrated, and comprehensive through the crypto asset exchange," Jerry explained last Friday.

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