Kamis, Agustus 22, 2024

The Requirements as Crypto Asset Physical Traders Regulated Under New Guidelines for Organizing Crypto Assets

Following attention to the growth and development of the crypto asset physical market trading in Indonesia, the Head of the Commodity Trading Supervisory Agency has set the second amendment to Regulation No. 8 of 2021 ("Regulation 8/2021") on guidelines for organizing physical market trading of crypto assets (crypto Assets) through the issuance of Regulation No. 8 of 2024 ("Regulation 8/2024"), which has been in force since 15 August 2024.
In comparison with the Regulation 8/2021, the new Regulation 8/2024 regulates the provisions regarding prospective physical traders of crypto-assets who must meet the requirements and be licensed as a physical trader of crypto-assets no later than October 16, 2024.
Furthermore, if the prospective crypto asset physical trader is not approved as a crypto asset physical trader no later than October 16, 2024, the prospective crypto asset physical trader's registration mark shall be cancelled and invalid.

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*Syarat dan ketentuan berlaku

Following attention to the growth and development of the crypto asset physical market trading in Indonesia, the Head of the Commodity Trading Supervisory Agency has set the second amendment to Regulation No. 8 of 2021 ("Regulation 8/2021") on guidelines for organizing physical market trading of crypto assets (crypto Assets) through the issuance of Regulation No. 8 of 2024 ("Regulation 8/2024"), which has been in force since 15 August 2024.
In comparison with the Regulation 8/2021, the new Regulation 8/2024 regulates the provisions regarding prospective physical traders of crypto-assets who must meet the requirements and be licensed as a physical trader of crypto-assets no later than October 16, 2024.
Furthermore, if the prospective crypto asset physical trader is not approved as a crypto asset physical trader no later than October 16, 2024, the prospective crypto asset physical trader's registration mark shall be cancelled and invalid.

......

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