CoFTRA: Nusantara Commodity Exchange is Now a Crypto Asset Futures Exchange

Kasan revealed that after going through various considerations, CoFTRA decided to approve the termination of the collaboration between PT Bursa Komoditi Nusantara and PT Kliring Berjangka Indonesia. This is expected to create a more inclusive and integrated ecosystem.

“Because, this is one of the benchmarks for the development of better crypto asset trading,” said Kasan.

Head of the Legislative Regulations and Enforcement Bureau, Aldison, explained that SE 64/BAPPEBTI/SE/04/2024 was born as an affirmation to crypto asset business actors regarding the current ecosystem.

Aldison said, CoFTRA as a supervisory body which has the main duties and functions in fostering, developing, regulating and supervising commodity futures trading activities, including crypto assets, has a responsibility to realize healthy and transparent futures trading.

“This SE answers the needs of business actors who have permission from CoFTRA regarding the implementation of Perba Number 13 of 2022 concerning Amendments to CoFTRA Regulation Number 8 of 2021 concerning Guidelines for Organizing Physical Market Trading for Crypto Assets (crypto assets) on the Futures Exchange,” explained Aldison.