economy

30 Companies Officially Listed On CFX Crypto Exchange

The regulated crypto exchange in Indonesia, CFX, has reported that as of October 25, 2024, 30 crypto asset companies have received the Exchange Member Approval Letter (SPAB).

"Obtaining the SPAB is a crucial requirement for any crypto company that wants to operate legally in Indonesia. It ensures that the company complies with existing regulations and is a positive step in committing to the crypto ecosystem, especially in providing maximum protection for customers," said CFX CEO, Subani, in a written statement on Wednesday (October 30).

According to the applicable regulations, both Physical Crypto Asset Trader Candidates (CPFAK) and Non-CPFAK must obtain the SPAB from CFX to change their status to Physical Crypto Asset Traders (PFAK). This requirement is outlined in Regulation (Bappebti) No. 8 of 2021, amended by Regulation No. 13 of 2022.

"We are fulfilling the mandate given by Bappebti to oversee and support crypto companies in meeting the regulations, particularly the initial step of obtaining the SPAB, which is followed by the process at Bappebti to achieve PFAK status. By the end of October 2024, 30 crypto companies have received the SPAB, with six of them already obtaining full licenses as PFAK," he explained.

Six crypto trading platforms within the CFX ecosystem have received full licenses as PFAK, including PT Pintu Kemana Saja (PINTU), PT Bumi Sentosa Cemerlang (Pluang), PT Kagum Teknologi Indonesia (Ajaib Kripto), PT Aset Digital Berkat (Tokocrypto), PT Tiga Inti Utama (Triv), and PT Sentra Bitwewe Indonesia (Bitwewe). This status reflects compliance with regulations and a genuine commitment to providing maximum security for users.

Currently, 24 CPFAK and other Non-CPFAK are undergoing verification and fit and proper tests by Bappebti. This includes companies like PT Kripto Maksima Koin (KMK), PT Coinbit Digital Indonesia (Stockbit Crypto), PT Mitra Kripto Sukses (MAKS), PT CTXG Indonesia Berkarya (Mobee), PT Pedagang Aset Kripto (Coinvest), PT Gerbang Aset Digital (Fasset), PT Samuel Kripto Indonesia (Vonix), PT Aset Instrumen Digital (Astal), and PT Kripto Inovasi Nusantara (CoinX).

Additionally, there are PT Aset Kripto International (NVX), PT Rekeningku Dotcom Indonesia (Reku), PT Gudang Kripto Indonesia (Gudang Kripto), PT Enkripsi Teknologi Indonesia (Nobi), PT Indodax Nasional Indonesia (Indodax), PT Bursa Kripto Indonesia (Bursa Kripto), PT Tumbuh Bersama Nano (Nanovest), PT Indonesia Digital Exchange (Dex), PT Cipta Koin Digital (Naga Exchange), PT Multikripto Exchange Indonesia (KoinSayang), PT Cyrameta Exchange Indonesia (Cyra), PT Upbit Exchange Indonesia (Upbit), PT Teknologi Struktur Berantai (Bitwyre), PT Luno Indonesia Ltd (Luno), and PT Utama Aset Digital Indonesia (Bittime).

Kasan, the head of Bappebti, praised the CPFAK for their efforts to comply with the established regulations and their commitment to being part of the cryptocurrency ecosystem in Indonesia. Despite the challenging requirements, the CPFAK have shown they can meet them effectively within the set deadlines.

Tag: CFX PFAK