The Association Gives a Warm Welcome to the Inauguration of Exchange, Clearing, and Crypto Asset Storage Services by Bappebti


The Association congratulates the Commodity Futures Trading Supervisory Agency (Bappebti/CoFTRA) for establishing the Exchange, Clearing, and Depository Manager of crypto assets in Indonesia. It welcomes progressive steps from CoFTRA in accommodating developments of crypto asset technology in Indonesia. The inauguration of the crypto asset Exchange, Clearing, and Depository is evidence of the government’s commitment to creating a conducive environment for developing the crypto asset industry.

Teguh Kurniawan Harmanda, as Chairman of the Asosiasi Pedagang Aset Kripto Indonesia (ASPAKRINDO), said the establishment and conferment of this permit was the opening gate for carrying out transactions by the mandate of CoFTRA Regulations and for registered Crypto Exchange, of course, would be an essential momentum to obtain the status of fully licensed Crypto Exchange. Manda also said business actors want reasonable, safe, reliable exchanges, clearing, and depositories. “As an example, namely the Depository, which has standard practices that have existed so far.”

The inauguration of the Exchange, Clearing, and Depository Manager of crypto assets by CoFTRA is a positive step for CoFTRA. “We feel we can accelerate the growth of the domestic crypto asset industry in the future through monitoring and developing products and services in crypto asset transactions,” said Asih Karnengsih, Chairwoman of the Asosiasi Blockchain Indonesia (A-B-I).

Asih added, “It is important for Exchanges, Clearing Houses, and Depository to consider imposing membership and transaction fees that can maintain the competitiveness of local business actors.”

With the burden of tax fees that must be paid by Crypto Exchange (Corporate Income Tax) and taxes imposed on customers (VAT & Income Tax), it is hoped that the imposition of membership and crypto asset transactions fees at the following organ will not become an additional burden for Crypto Exchange or adding other costs, to customers, which can encourage a shift in interest in using foreign or unregistered crypto asset transaction platforms, which also results in capital outflows. Given Indonesia’s enormous potential in the crypto asset industry to compete with other Southeast Asian countries, accelerated and intensive efforts from the government are needed to foster industrial growth.

The crypto asset industry in Indonesia is now entering a new chapter, which is full of optimism. One of the representatives of business actors, Yudhono Rawis, CEO of Tokocrypto, said, “The next step that that should be taken for Indonesia so that this industry continues to grow is the development of innovative crypto products and services that suit the needs and preferences of the Indonesian market.”

Yudho also hopes that the crypto industry in Indonesia can be more mature in creating an ecosystem that is more integrated and competitive with global players.

To achieve a balance between technological innovation and consumer protection, ASPAKRINDO and A-B-I are committed to continuing to collaborate with the authorities and relevant stakeholders to build inclusive regulations that support the sustainable growth of the crypto asset industry in Indonesia.

SOURCE Asosiasi Blockchain Indonesia


The Kripto Odyssey (T.K.O) Summit 2021: An Exploratory Voyage of Cryptocurrency and Its Blockchain Technological Foundation


Building on the success of the Total Kripto Overview (T.K.O) Summit 2021 which was attended by more than 37,000 virtual participants from over 11 countries, Toko Token (TKO), the native utility token of Tokocrypto which is Indonesia’s most trusted crypto assets digital exchange and also the first entity in Indonesia to be registered under the country’s Trade and Futures Exchange Ministry (BAPPEBTI), will be organizing The Kripto Odyssey (T.K.O) Summit 2021 that would be providing a 360° overview of the crypto landscape by covering the trending topics which are currently the talk of the crypto town including DeFi, GameFi and NFT on 4 December 2021.

The Kripto Odyssey (T.K.O) Summit 2021 would also be covering the technological foundation of cryptocurrency i.e. blockchain which has long been touted as the technology that will drive humanity towards the Fourth Industrial Revolution by exploring its distinctive features and characteristics, notable use cases and the manner in which it has supported humanity’s battle against the COVID-19 pandemic.

Last but not least, there will be quarterly updates about the star of the show i.e. Toko Token (TKO) including the things that TKO holders can be looking forward to in the months ahead. Add in the participation of industry top guns namely Chia Hock Lai who is the Chairman of the ASEAN Blockchain Consortium, Juan Otero who is the Co-Founder and CEO of the world’s leading blockchain-based travel platform, Weso who is a developer of leading DeFi platform Beefy Finance, Irene Umar who is the co-founder of GameFi revolutionizer Yield Guild Games Southeast Asia (YGGSEA), Oscar Franklin Tan who is the Chief Financial Officer (CFO) of NFT game changer Enjin as well as Tokocrypto’s very own Chief Operating Officer (COO) Teguh Harmanda and it’s certain that The Kripto Odyssey (T.K.O) Summit 2021 is set to be one small step for Tokonauts, one giant leap for the blockchain and cryptocurrency communities.

Registration is open until the 4th of December at 13.00 GMT+7 here:

For more information: