Jakarta, CNN Indonesia —
Indodax, money buying and selling platform crypto-, is applying for a trade permit shiba inu as one of the legal cryptocurrencies in Indonesia. The application for a permit is made to the Commodity Futures Trading Supervisory Agency (CoFTRA) Ministry of Commerce.
“Yes, I have (applied for a permit),” said Indodax CEO Oscar Darmawan CNNIndonesia.com, Friday (12/11).
However, there is no information regarding the continuation of the permit application, such as when it was submitted and how long it will take to process the permit.
Indodax applied for a shiba inu trading permit because the crypto was not included in the list of 229 crypto assets that were allowed to be traded in Indonesia.
However, Indodax is already trading shiba inu on its platform. “It has not received CoFTRA’s approval,” said Head of CoFTRA, Indrasari Wisnu Wardhana.
Meanwhile, some cryptocurrencies that are allowed to be traded domestically are bitcoin, ethereum, tether, ripple, bitcoin cash, binance coin, polkadot, litecoin, usd coin, eos, stellar, neo, tezos, to nem.
This provision is contained in CoFTRA Regulation Number 7 of 2020 concerning Determination of the List of Crypto Assets that can be Traded in the Physical Crypto Asset Market. Beleid has been published since October 29, 2021.
Furthermore, in order for certain cryptocurrencies to be traded in Indonesia, physical market traders or cryptocurrency trading platforms must apply for a permit from CoFTRA. Furthermore, CoFTRA will review it before giving permission.
This rule applies to all crypto assets, both those that use the underlying US dollar and the rupiah.
“The US dollar is the underlying used by the token or crypto asset and not the US dollar that is traded, but the crypto asset, so it still has to get CoFTRA’s approval,” he said.
(uli/one)
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