Strengthening Crypto Regulations is the Key to Safe Trading

by Stephen Douglas
0 comments
Hong Kong Spot Bitcoin and Ether ETF Raises Over USD
Follow Us

Follow Us @

Strengthening Crypto Regulations is the Key to Safe Trading

Todaysgist.com, Jakarta – The Commodity Futures Trading Supervisory Agency (Bappebti) as the main regulator of crypto assets in Indonesia continues to carry out mitigation measures to maintain stability and protect investors. This effort has full support from industry players who are ready to collaborate and contribute actively.

Deputy General Chair of the Indonesian Blockchain & Crypto Asset Traders Association (Aspakrindo-ABI) Yudhono Rawis stated that industry players are very committed to supporting the development of the crypto asset ecosystem in Indonesia. According to him, crypto asset industry players in Indonesia see CoFTRA's initiative as a positive step in strengthening this developing ecosystem.

“The steps taken by Bappebti, such as strengthening regulations, increasing human resource competency, and optimizing the crypto asset ecosystem, are considered important foundations for ensuring sustainable and healthy growth for the industry,” he explained, in a written statement, Friday (16/ 5/2024).

Crypto asset industry players in Indonesia have shown a strong commitment to supporting Bappebti's mitigation measures, one of which is strengthening education and literacy.

The crypto industry actively provides education and literacy for the public to increase understanding of crypto assets and their risks, such as the Crypto Literacy Month (BLK) program. This is important to prevent fraudulent investments and protect investors from fraud.

Support and Concrete Steps from Industry Players

Apart from that, crypto industry players always maintain close communication with CoFTRA and the Financial Services Authority (OJK) during the regulatory and supervisory transition period to provide input and suggestions regarding regulations. This collaboration is important to ensure that regulations are made in line with industry developments and protect investor interests.

“Strengthening regulations and increasing crypto asset literacy is the key to creating a safe and trustworthy trading environment for all parties. We also encourage innovation and development of local crypto asset products which have great potential to contribute to the national economy. Support for local coins “will be the main priority in the product development strategy,” said Yudho, who is also the CEO of Tokocrypto.

Strengthening Crypto Regulations is the Key to Safe Trading

Follow TODAYSGIST on Google News  and receive alerts for the main trending news on cryptocurrency, market trends, upcoming events, predictions, sanctions and lots more!

SHARE POST AND EARN REWARDS:

Did you like this post?!!! Join our Audience reward campaign and make money reading articles, shares, likes and comment >> Join reward Program

FIRST TIME REACTIONS:

Be the first to leave us a comment, down the comment section. click allow to follow this topic and get firsthand daily updates.

JOIN US ON OUR SOCIAL MEDIA: << FACEBOOK >> | << WHATSAPP >> | << TELEGRAM >> | << TWITTER >

#Strengthening #Crypto #Regulations #Key #Safe #Trading

You may also like

Leave a Comment