Binance Subsidiary Tokocrypto Bags Indonesia’s Crypto Trader License

Tokocrypto has obtained an important crypto license. The digital asset platform is backed by Binance, the world’s largest exchange by trade volume. Binance CEO lauded Tokocrypto’s win, terming it a “significant achievement.”   Tokocrypto has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti), the Binance-backed crypto exchange said Monday. Bappebti regulates Indonesia’s bourse for crypto assets, which the government launched in July 2023 to serve as a national exchange and clearinghouse for digital assets. Late last year, the government introduced a requirement for all exchanges seeking to operate in the country to

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