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Crypto Exchange Indodax Receives License from Indonesia’s Regulatory Authority BAPPEBTI

Crypto Exchange Indodax Receives License from Indonesia’s Regulatory Authority BAPPEBTI

Indonesian cryptocurrency exchange Indodax has completed its formal registration and received a license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti).

Indodax is the largest digital asset exchange in Indonesia, where users can buy or sell bitcoin and other cryptocurrencies such as ethereum, litecoin, zcoin, and more with Indonesian Rupiah.

Indodax’s registration with the Bappebti means that the platform has passed all the regulatory requirements in relation to the transaction system, risk control management, resource allocation and operational infrastructure.

It is noteworthy to mention that Indodax is one of the official trading platforms that enable the Indonesian people to make alternative investments in crypto assets.

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Oscar Darmawan, the CEO of Indodax said that they would continue to work closely with Bappebti to accelerate digital economic growth and financial inclusion through the blockchain technology.

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