World

Indonesia tightens supervision on crypto asset trading

The Indonesian Ministry of Trade's Commodity Futures Trading Regulatory Agency (Bappebti) is tightening the supervision of crypto asset trading in order to ensure that investors receive clear information on every traded crypto asset.
Indonesia tightens supervision on crypto asset trading ảnh 1Illustrative image (Photo: https://www.medcom.id/)
Jakarta (VNA) – The Indonesian Ministry of Trade's Commodity Futures Trading Regulatory Agency (Bappebti) is tightening the supervision of crypto asset trading in order to ensure that investors receive clearinformation on every traded crypto asset.

In a statement announced on February 13, Acting Head ofBappebti Indrasari Wisnu Wardhana stressed that every crypto asset product should be registered with the agencyand any type of crypto asset that do not comply with the agency’s regulations cannot be traded in Indonesia

Previously, Bappebti had issued a regulation on determining the list of crypto assets that could be traded in the crypto assetphysical market in 2020, and another one that lists the conditions of cryptoassets that could be traded in the market in 2021.

Indonesians could invest in cryptoasset types that have been determined by the agency's regulations, he noted.

He urged the public to understand the mechanismand the risk before choosing to invest in crypto assets.

InJanuary, the Trade Ministry of Indonesia reported that the value of cryptotransactions in the Southeast Asian country could triple to 2.5 quadrillion rupiah(180 billion USD) this year as more Indonesians become aware of digital assets.

Accordingto the Bappebti, the number of crypto investors in Indonesia rose to 11.2million last year from only 4 million in 2020.

As of January 2022, Indonesia has 11 cryptocurrency tradingplatforms licensed by Bappebti./.
VNA
#Indonesia#Bappebti#crypto asset trading#Vietnamplus#Vietnam news#Vietnam News Agency
Follow VietnamPlus

Related News

Indonesia extends VAT cut on new houses

Indonesia extends VAT cut on new houses

The Indonesian government has decided to extend the maximum value added tax (VAT) discount of 50 percent for housing from January 1 to September 30, 2022.
Green economy to create 4.4 million new jobs in Indonesia

Green economy to create 4.4 million new jobs in Indonesia

The green economy will create 4.4 million new jobs in Indonesia in 2030, Antara news agency reported, quoting Deputy for Economic Affairs at the Indonesian Ministry of National Development Planning (Bappenas) Amalia Adininggar Widyasanti as saying at the Green Jobs Conference.
Indonesia to call on G20 to set up global fund for health crises

Indonesia to call on G20 to set up global fund for health crises

Indonesian Health Minister Budi Gunadi Sadikin has said that the country will urge the Group of 20 leading economies (G20) to establish a global body that can dispense emergency funds during a health crisis, functioning in a similar way to international financial institutions.

See more

At Pulau Seraya power station (Photo: Straitimes)

Singapore begins construction on hydrogen-fueled power plant

Singapore on October 23 began the construction of an 800 million USD power plant that has the capability to use hydrogen to generate electricity, as part of a push to utilise the fuel to reach Singapore’s net-zero carbon emissions target by 2050.

Delegates at the event (Photo: VNA)

125th anniversary of Permanent Court of Arbitration celebrated

The Permanent Mission of Vietnam to the United Nations and missions of the Philippines, Australia, Egypt, Guatemala, Hungary, Thailand, France, Eritrea and Austria, organised a ceremony on October 22 to celebrate the 125th anniversary of the Permanent Court of Arbitration (PCA), as part of the International Law Week at the UN General Assembly's Legal Committee (Sixth Committee).

CEO of the Malaysia Digital Economy Corporation Anuar Fariz Fadzil (Photo: focusmalaysia.my)

Malaysia continues placing emphasis on digitalisation

The Budget 2025 provides significant support to further accelerate Malaysia’s digitalisation, encourage adoption of artificial intelligence (AI) and drive inclusive growth, further positioning Malaysia as a leading digital hub within the ASEAN region, according to CEO of the Malaysia Digital Economy Corporation (MDEC) Anuar Fariz Fadzil.

Malaysia's economic reforms boost investment inflow (Photo: thestar.com.my)

Malaysia's economic reforms boost investment inflow

Malaysia has attracted substantial foreign investments, reaching 22.2 billion MYR (5.16 billion USD) in the third quarter of 2024, the highest level for the same period since 2012, according to UOB's Global Markets and Economics report.

Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN speaks at the debate (Photo: VNA)

Maintaining peace, stability a must for progress on human rights: Ambassador

Progress in human rights can only be achieved by maintaining peace and stability, respecting the rule of law at both the international and national levels, and ensuring respect for the principles of national sovereignty and non-interference in internal affairs, said Ambassador Dang Hoang Giang, Permanent Representative of Vietnam to the UN.

A visitor browses travel promotions at a travel fair in Nonthaburi province. (Photo: Bangkok Post)

Thailand plans enhanced support for domestic tourism

Thailand’s Ministry of Tourism and Sports is aiming to increase subsidy to local tourists in the upcoming stimulus scheme to 50% and would like to change the criteria for online travel agents, mandating them to register in Thailand to avoid losing income to foreign companies.

Oil field offshore Indonesia. (Photo: thejakartapost.com)

Indonesia begins major oil, gas exploration in Sulawesi

Indonesia's state-owned oil company Pertamina, along with foreign partners Sinopec from China and Kuwait’s Kufpec, has signed a contract to explore the Melati oil and gas block, located off the coast of Sulawesi. The block is estimated to contain trillions of cubic feet of gas reserves.