- The Commodity Futures Trading Regulatory Agency (Badan Pengawas Perdagangan Berjangka Komoditi – "BAPPEBTI") has issued Regulation No. 11 of 2022 on the Determination of the List of Crypto Assets Tradeable Through the Physical Market for Crypto Assets in order to accommodate the anticipated demand of future traders of crypto assets, as well as to enhance the development of the crypto-assets industry in Indonesia. The issuance of the new regulatory framework is in line with the ongoing increase in crypto-asset customer numbers and transaction volumes. Furthermore, the new regulation has also taken the increasing variety of crypto assets into account.
- The new regulation has now set a total of 383 crypto-asset types that are tradeable through the physical market for crypto assets. This number represents an increase over the 229 types of crypto assets that were set under the previous regulation. The new regulation also states that any crypto assets that are not categorized under the new list of 383 asset types will be subject to mandatory delisting by potential traders of crypto assets and must also be covered by steps capable of processing each crypto-asset customer to resolution.
- The regulation also sets out the procedure, requirements and mechanism for future additions and removals of crypto-asset types from the official list of tradeable crypto assets. (ANT)
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