1. Startups

Tokocrypto Officially Registered with BAPPEBTI

Become the first registered crypto asset seller

Tokocrypto is officially registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI), as well as being the first registered trading platform for crypto assets.

BAPPEBTI is a regulatory body that regulates trade commodity futures, including gold and crypto. For crypto asset platforms, the authorities have two rules that must be met, namely those presented in BAPPEBTI Regulation No. 5 of 2019 and No. 9 years 2019.

"This is a tremendous achievement for Tokocrypto, as well as bringing us one step closer to obtaining a full license. It is hoped that it will provide trust for the public and customers in conducting buying and selling crypto assets," explained Kai.

Meanwhile to DailySocial Tokocrypto COO Teguh Kurniawan Harmanda explained, all registered platforms are required to provide regular reports to BAPPEBTI.

"With the government regulation, this has increased public trust and is felt in the growth in the number of customers at Tokocrypto. The trend will continue to increase with the increasing awareness and active role of the government as the public sector, private sector, developer blockchain projects, as well as other parties in the crypto asset ecosystem," added Teguh.

In 2019, Tokocrypto was recorded as introducing several innovations, one of which was "Launchpad Store", a platform set up to bridge projects blockchain with an Initial Exchange Offering (IEO) mechanism.

Tokocyrpto made its debut in Indonesia in 2018. Currently they are in the same industry as several local and international players, such as Indodax, Luno, Coinone, and so on.

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