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. Bappebti head Kasan was in Jakarta on May 2.