Indonesia tightens supervision on crypto asset trading

The Indonesian Ministry of Trade's Commodity Futures Trading Regulatory Agency (Bappebti) is tightening the supervision of crypto asset trading in order to ensure that investors receive clear information on every traded crypto asset.
Indonesia tightens supervision on crypto asset trading ảnh 1Illustrative image (Photo: https://www.medcom.id/)
Jakarta (VNA) – The Indonesian Ministry of Trade's Commodity Futures Trading Regulatory Agency (Bappebti) is tightening the supervision of crypto asset trading in order to ensure that investors receive clearinformation on every traded crypto asset.

In a statement announced on February 13, Acting Head ofBappebti Indrasari Wisnu Wardhana stressed that every crypto asset product should be registered with the agencyand any type of crypto asset that do not comply with the agency’s regulations cannot be traded in Indonesia

Previously, Bappebti had issued a regulation on determining the list of crypto assets that could be traded in the crypto assetphysical market in 2020, and another one that lists the conditions of cryptoassets that could be traded in the market in 2021.

Indonesians could invest in cryptoasset types that have been determined by the agency's regulations, he noted.

He urged the public to understand the mechanismand the risk before choosing to invest in crypto assets.

InJanuary, the Trade Ministry of Indonesia reported that the value of cryptotransactions in the Southeast Asian country could triple to 2.5 quadrillion rupiah(180 billion USD) this year as more Indonesians become aware of digital assets.

Accordingto the Bappebti, the number of crypto investors in Indonesia rose to 11.2million last year from only 4 million in 2020.

As of January 2022, Indonesia has 11 cryptocurrency tradingplatforms licensed by Bappebti./.
VNA

See more

Secretary-General of the Association of Southeast Asian Nations (ASEAN) Dr Kao Kim Hourn (R) (Photo: asean.org)

ASEAN chief confident in Malaysia’s chairmanship

Malaysia's priorities for its 2025 chairmanship include strengthening ASEAN centrality, fostering trust through dialogue, diplomacy, and goodwill, and expanding economic partnerships beyond ASEAN borders.

Malaysia’s foreign direct investment is expected to remain robust in the long term. (Photo: thestar.com.my)

Malaysia expected to remain magnet for FDI

A confluence of factors, including its significance in the global tech supply chain, friendly FDI policies, existing industry clusters, a skilled labour force and extensive free trade agreements (FTAs), makes Malaysia an outperformer in the region

The website of the Anti-Fake News Centre has had nearly 28 million views. (Bangkok Post File Photo)

Thailand to use AI to prevent fake news

The Thai Ministry of Digital Economy and Society said it is cooperating with over 300 agencies to eradicate fake news while looking to use articial intelligence (AI) to verify news reports.

Illustrative image (Photo: https://nationthailand.com)

Nissan to close factory in Thailand

The company expects to cut or transfer about 1,000 jobs in Thailand and stated that reducing operating expenses by around 400 billion JPY (2.62 billion USD) in the 2026 fiscal year will help maintain a stable operating profit margin of 4%.

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces (Photo: The Nation)

Wildfires rage northern Thailand

The North of Thailand is grappling with a surge in wildfires, with 401 hotspots detected across 17 provinces, the Region 3 Forest Fire Control Centre said on February 13.

Thailand suspends issuance of gun carrying permits to curb crime

Thailand suspends issuance of gun carrying permits to curb crime

Traisuree said the order was issued because many people in Thailand carry firearms in public places without a sound reason. Some display their firearms in public to intimidate others. Such habits could lead to crime and danger to people’s lives, properties and morale, she said.