Tokocrypto Officially Becomes the First Crypto Asset Merchant Registered with BAPPEBTI

Jakarta, November 19, 2019 – Tokocrypto , the leading and one of the largest crypto asset trading platforms in Indonesia, has finally been officially registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI) under the number 001/BAPPEBTI/CP-AK/11/2019 regarding Register as a Prospective Crypto Asset Physical Trader to PT Crypto Indonesia Berkat (Tokocrypto) after successfully fulfilling all the required requirements. This makes Tokocrypto the FIRST crypto asset trading platform in Indonesia registered with BAPPEBTI.

“Being the first Crypto Asset Trader to be registered with BAPPEBTI is a great achievement for Tokocrypto, as well as bringing us one step closer to obtaining full license. This is expected to give confidence to the public and customers to be more confident in buying and selling crypto assets,” explained Pang Xue Kai, CEO of Tokocrypto .

BAPPEBTI is a regulatory body in Indonesia that regulates crypto asset trading through two BAPPEBTI regulations, namely No. 5 of 2019 in last February, as well as No. 9 of 2019 in July. Crypto asset traders in Indonesia must meet these two rules to be registered with BAPPEBTI.

Kai added that Tokocrypto always maintains active automate trading communication and works with BAPPEBTI in drafting regulations on crypto asset trading in Indonesia, and is committed to always supporting BAPPEBTI in terms of initiatives and regulations related to crypto asset traders. Currently, Tokocrypto is also actively communicating with BAPPEBTI in terms of answering all questions and explaining how Tokocrypto’s business plans and processes are in order to fulfill all the mandated requirements.

Certified ISO 270001: 2013

Tokocrypto also strives to fulfill various additional rules required to obtain full permission after the registration process is complete, one of which is ISO 27001:2013 certification regarding Information Security Management Systems.

On the sidelines of the INBLOCKS Conference 2019, Teguh Kurniawan Harmanda , as COO of Tokocrypto stated that “As a form of commitment related to regulation and security for our customers, Tokocrypto has completed the ISO 27001:2013 certification process issued by Sucofindo with certificate number ISMS 00003 “.

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