Indonesia Launches First Crypto Assets Futures Exchange to Instill Confidence and Investor Protection

Indonesia pioneers its Crypto Assets Futures Exchange, bolstering investor confidence and cementing its position as a regulated and secure hub for crypto asset trading. The initiative aims to revolutionize the nation’s crypto landscape and foster a thriving digital trading ecosystem.

31 July 2023 – Indonesia’s Trade Ministry and the Commodities Futures Trading Regulatory Agency (Bappebti) have jointly unveiled the country’s first Crypto Assets Futures Exchange, marking a significant step towards ensuring security and confidence for crypto asset investors. With the launch, the Indonesian government reaffirms its commitment to fostering a fair and regulated crypto asset trading ecosystem, aimed at safeguarding consumers and promoting economic growth and trade.

During the official launch ceremony, Indonesian Trade Minister Zulkifli Hasan emphasized the importance of the exchange in providing business certainty for crypto asset investors. By offering clear regulations, the exchange aims to instill a sense of safety in crypto transactions, fostering trust among investors and contributing to the overall growth of the country’s economy and trade.

Addressing the impressive growth of crypto asset trading activities in Indonesia over the past five years, Didid Noordiatmoko, the head of Bappebti, revealed that the number of people investing in crypto assets had soared to 17.54 million as of June 2023, translating to an average of 490,000 new investors per month. This surge reflects a growing interest among individuals in participating in the crypto asset market.

Noordiatmoko stressed the paramount importance of safeguarding players in the crypto industry and called upon crypto business actors to operate in full compliance with existing regulations and laws. By prioritizing investor protection, the Crypto Assets Futures Exchange seeks to create a stable and secure environment for all participants in the crypto asset market.

The establishment of Indonesia’s first Crypto Assets Futures Exchange is a milestone in the country’s efforts to regulate and promote responsible crypto asset trading practices, fostering trust and confidence among investors while promoting economic growth and development. – source: Vietnam News

Author: Terry KS

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