Indonesia Sets up Crypto Committee to Oversee Industry Operations

• Bappebti, Indonesia’s regulatory agency, forms a committee to monitor the crypto sector.
• Crypto Asset Committee ensures compliance and advises on trading.
• Kasan stressed the importance of the Crypto Asset Committee.

Indonesia Commodity Futures Trading Regulatory Agency, Bappebti, has set up a special committee to monitor the country’s growing cryptocurrency sector. Plt. Head of CoFTRA Kasan disclosed this information during the inauguration of the 2024 Crypto Literacy Month (BLK) event at Thamrin Nine Ballroom in Jakarta on Thursday, May 2nd.

According to Kasan’s statement during the event, “This committee will be a driving force, ensuring that the crypto asset industry continues to operate smoothly and remains within the applicable legal framework. Therefore, optimizing the role of the Crypto Asset Committee should be a key focus in implementing the current crypto asset ecosystem.”

The Crypto Asset Committee comprises various stakeholders, including officials from Bappebti and relevant government ministries and institutions. It also encompassed representatives from crypto asset exchanges, clearing institutions, and academic and practitioner associatio…

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