Indonesia Establishes Dedicated Crypto Committee: A New Era for Bitcoin (BTC) and Ethereum (ETH) Operations

• Indonesia’s regulatory agency, Bappebti, has formed a committee to oversee the country’s burgeoning cryptocurrency sector.
• The Crypto Asset Committee will ensure compliance and provide guidance on crypto asset trading.
• Plt. Head of CoFTRA, Kasan, emphasized the importance of the Crypto Asset Committee in maintaining the legal framework of the crypto asset industry.

Indonesia’s regulatory agency, Bappebti, forms a special committee to monitor and guide the country’s growing crypto sector, ensuring compliance and fostering development.

Bappebti Establishes Crypto Asset Committee

Indonesia Commodity Futures Trading Regulatory Agency, Bappebti, has set up a special committee to monitor the country’s growing cryptocurrency sector. This information was disclosed by Plt. Head of CoFTRA, Kasan, during the inauguration of the 2024 Crypto Literacy Month (BLK) event at Thamrin Nine Ballroom in Jakarta on Thursday, May 2nd. The committee is expected to be a driving force in ensuring that the crypto asset industry operates smoothly and remains within the applicable legal framework.

Role and Composition of the Crypto Asset Committee