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Treasury.id is now the first authorised digital gold seller

13 January 2022 20:50

JAKARTA. Treasury.id, a digital gold investment platform developed by PT Indonesia Logam Pratama, has obtained an official license from the Commodity Futures Trading Regulatory Agency (lit. Badan Pengawas Perdagangan Berjangka Komoditi/Bappebti) to conduct digital gold trading activities.

This is the first authorisation issued by Bappebti for the digital-gold selling platform in Indonesia. “The said first certificate issued by Bappebti has become a legitimation that proves how Treasury is a safe, guaranteed, and reliable digital gold application for Indonesian people,” Yudi, Director of Treasury.id, claimed.

Meanwhile, Trita Karma Senjaya, Head of the Market Management and Development Bureau of Bappebti, believed that digital gold as a new investment instrument is getting more favoured by the public. Therefore, the authorisation acts as Indonesian government’s strategy to sustain the investment climate in this digital era.

“We are also keeping the business climate fair, open, and competitive so that it could provide optimum service to the public,” Senjaya explained.

For the record, Treasury.id has seen the COVID-19 pandemic in Indonesia as a catalyst in adopting digital gold as an investment instrument. As a result, the number of digital gold investors in Treasury.id throughout 2021 has proliferated massively by up to 230%. The investor increase also entails the transaction volume jump by two times the previous number.

Bhima Yudhistira, Director of Center of Economic and Law Studies (CELIOS), saw gold as one of the investment assets that can withstand global crises. “Gold once again proved his excellence as one of the ever-shining assets. The gold price experienced a 21% increase to IDR 874 thousand per gram, compared to the price it showed before the world got hit by the COVID-19 pandemic,” he explained in a press conference earlier today (13/1). (KR/ZH)

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