On May 8, Indonesia's government entities, the Commodity Futures Trading Regulatory Agency (Bappebti), whose responsibilities include regulating cryptocurrencies, established a special committee to oversee the industry. The Crypto Asset Committee was established under regulations issued in January. Cryptocurrencies fall under the jurisdiction of Bappebti, as cryptocurrencies are considered a commodity in Indonesia.
Speaking at the opening of BLK 2024 in Jakarta on May 2, Kasan, head of Bappebti, said: "The committee will be a driving force to ensure that the crypto-asset industry continues to operate smoothly and remains within the applicable legal framework. Therefore, optimizing the role of the crypto-asset committee should be the focus of deploying the current crypto-asset ecosystem."
Indonesian regulator Bappebti has established a crypto asset committee to oversee industry operations and compliance
2024-05-08 07:56:16
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