Heaptalk, Jakarta — To create an integrity-based, modern, and adaptive crypto asset ecosystem, the Commodity Futures Trading Regulatory Agency (Bappebti) issued Bappebti Regulation (Perba) No. 9 of 2024, the third amendment to Bappebti Regulation No. 8 of 2021 on Guidelines for Organizing Physical Market Trading of Crypto Assets on Futures Exchanges.
Kasan, Head of Bappebti, stated that the issuance of this regulation demonstrates the agency’s efforts to strengthen consumer protection and provide business certainty for crypto asset industry players in Indonesia. “On the other hand, Bappebti remains committed to prioritizing public protection by providing comfort, convenience, and legal certainty in accessing crypto assets as an investment option. For this reason, we have refined the regulations that serve as fundamental guidelines for all crypto asset stakeholders in Indonesia through Perba Number 9 of 2024,” said Kasan.
Furthermore, Kasan explained that Bappebti’s duties include regulating, developing, fostering, and supervising commodity futures trading activities, including crypto asset trading. Therefore, the strategic steps taken are part of Bappebti’s responsibilities. This aligns with the mandate of Law No. 32 of 1997, which was amended to Law No. 10 of 2011 on Commodity Futures Trading.
“Bappebti continues to adjust existing regulations in line with the mandate of the Commodity Futures Trading Law. Currently, the crypto asset industry is rapidly evolving and dynamic, demanding a stronger ecosystem that meets market needs. The issuance of Perba Number 9 of 2024 is also expected to encourage increased transactions. This aims to optimize state revenue from the tax sector while enhancing public protection,” Kasan uttered.
Meanwhile, Aldison, Head of the Bureau of Legislation and Enforcement of Bappebti, said that Perba Number 9 of 2024 is a guideline for organizing physical market trading of crypto assets in Indonesia, which has been improved upon the previous Bappebti Regulation.
“Several important points in this revised Perba include the addition of customer types and adjustments to the requirements for the cooperation agreement (PKS) between Physical Crypto Asset Traders and the Directorate General of Population and Civil Registration (Ditjen Dukcapil) of the Ministry of Home Affairs (Kemendagri),” he concluded.
