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CFX Crypto Exchange Has 30 Listed Companies
Saturday, 02 Nov 2024
The regulated crypto exchange in Indonesia, CFX, has shared that by October 25, 2024, a total of 30 crypto asset companies have successfully received the Exchange Member Approval Letter (SPAB).
"Getting the SPAB is a crucial step for any crypto business looking to operate legally in Indonesia. It ensures compliance with existing regulations and shows a strong commitment to the crypto space, especially in terms of providing top-notch protection for customers," said CFX CEO, Subani, in a statement on Wednesday, October 30.
According to the relevant regulations, both Physical Crypto Asset Trader Candidates (CPFAK) and Non-CPFAK must obtain the SPAB from CFX to upgrade their status to Physical Crypto Asset Traders (PFAK). This requirement is outlined in Regulation (Bappebti) No. 8 of 2021, which was updated by Regulation No. 13 of 2022.
"We're following the guidelines set by Bappebti to oversee and support crypto companies in meeting regulations, especially during the initial step of securing the SPAB, which is then 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 having full licenses as PFAK," he added.
In the CFX ecosystem, six crypto trading platforms have successfully obtained full PFAK licenses. These include 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 achievement shows that they comply with regulations and are genuinely committed to keeping users safe.
Right now, there are 24 CPFAK and other Non-CPFAK entities that are being verified and assessed for their fit and proper status by Bappebti. This group features 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, the list includes 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 commitment to following the regulatory guidelines and their active involvement in Indonesia's cryptocurrency scene. Even with tough requirements, the CPFAK have shown they can meet these challenges on time.
