Government Ensures Crypto Exchange Ready to Launch at the End of March

Reporter: Aerospace Wisdom | Editor: Wahyu T. Rahmawati

KONTAN.CO.ID – JAKARTA. The government ensures that the plan to launch the Indonesian crypto exchange is still running according to the targets that have been set. The plan is that the crypto exchange will begin to slide at the end of the first quarter of 2022.

This target is a new target from the Ministry of Trade after the original target, namely the end of 2021, failed to be achieved. In establishing the crypto exchange, the Ministry of Trade referred to CoFTRA Regulation Number 8/2021 concerning Guidelines for the Implementation of Physical Market Trading on Futures Exchanges.

Head of CoFTRA’s Market Development and Development Bureau, Tirta Karma Senjaya, said that currently preparations are almost complete. The reason is, the Digital Futures Exchange that manages the crypto exchange has met various requirements, the capital that must be deposited, to the readiness of the operating system.

“So for now it’s just the finalization process,” said Tirta when contacted by Kontan.co.id, Wednesday (2/3).

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Tirta added that the Minister of Trade is currently reporting the preparation of the crypto exchange to President Jokowi. He said this was part of the process because there had to be a report to the president first.

In addition, Tirta also said that along with the launch of the crypto exchange, there will be additional new crypto asset traders. Through the formation of a crypto exchange, he said traders and investors will get certainty. In addition, later all transactions will also be recorded and the disbursement of funds will be in the clearing.

“Actually when the exchange was formed, there was no limit to crypto traders in the rules. However, for now apart from the 11 prospective traders who are already active and have a certificate of publication, there are also six new traders who have registration marks,” added Tirta.

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Meanwhile, the 11 lists of crypto asset trading companies that have been registered with CoFTRA are PT Indodax Nasional Indonesia (Indodax), PT Crypto Indonesia Berkat (Tokocrypto), PT Zipmex Exchange Indonesia (Zipmex), PT Indonesia Digital Exchange (Idex), PT Pintu Kemana Saja (Door), PT Luno Indonesia LTD (Luno), PT Cipta Koin Digital (Koinku), PT Tiga Inti Utama (Triv), PT Upbit Exchange Indonesia (Upbit), PT Accountku Dotcom Indonesia (Account), PT Triniti Investama Berkat ( Bitocto)

While referring to CoFTRA’s website, the six new crypto traders are PT Galad Koin Indonesia (Galad), PT Kripto Maksima Koin (Krypto Maksima), PT Mitra Kripto Sukses (Krypto Sukses), PT Pantheras Teknologi Internasional (Pantheras), PT Crypto Asset Merchants (Traders Crypto Assets), and PT Aset Digital Indonesia (Incrypto)