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Bappebti to allow another 154 crypto assets in transaction

31 August 2022 10:56

JAKARTA – The tradable crypto assets are now rounded up to 383 types from the initial 229 units. These additional 154 types of crypto assets are authorised based on the Regulation of the Commodity Futures Trading Regulatory Agency (lit. Peraturan Badan Pengawas Perdagangan Berjangka Komoditi/Perbappebti) No.11/2022.

Quoting the press release today (31/8), Jerry Sambuaga, Vice Minister of Trade, claimed that the increase in the number of tradable crypto assets is due to the popularity of crypto asset transactions. It also follows the market players’ suggestions and Bappebti’s evaluation results.

“Perbappebti adopts a positive list approach in order to minimise the risk of transactions involving crypto assets that have no clear purposes or potentially cover a money laundry scheme,” Sambuaga mentioned.

The aforementioned regulation includes requirements, guidelines, addition mechanism, and types of crypto assets listed as tradable. The crypto assets are appraised by the Crypto Asset List Evaluation Team, comprising Bappebti, its associates, and business owners.

With the issuance of Perbappebti No.11/2022, the government hereby revoked Perbappebti No.7/2022 regarding 229 types of tradable crypto assets. (LK/ZH)

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