[Press Release] CFX Leads the Charge in Strengthening Indonesia’s Crypto Landscape

Press Release, August 22, 2024

CFX Leads the Charge in Strengthening Indonesia’s Crypto Landscape

Bali, August 22, 2024 – CFX, the only government-regulated crypto futures exchange in Indonesia, continues to demonstrate its commitment to strengthening the ecosystem and driving the adoption of crypto assets in the country. As part of the Coinfest Asia 2024 event in Bali, CFX hosted a sharing session with Bappebti and its members to discuss strategies for reinforcing Indonesia’s crypto ecosystem and the importance of collaboration among stakeholders.

CFX CEO, Subani, stated, “The presence of CFX in Indonesia provides security and comfort for crypto asset traders and investors. We embrace all industry players to jointly support the development of a healthy and sustainable crypto ecosystem.”

The crypto ecosystem in Indonesia is currently in a phase of rapid development, but it still faces various challenges. The strengthening of this ecosystem heavily relies on strong cooperation between the government, industry players, and supporting institutions such as the Self-Regulatory Organization (SRO) for the Crypto Market. The integration of the Crypto Market SRO, which includes the Crypto Exchange, Clearing, and Custodian, is a concrete example of how this synergy can create a safer and more trustworthy environment for investors.

Bappebti Chairman, Kasan, explained that the role of the SRO within the Crypto Asset ecosystem is vital in ensuring that every transaction and trading operation adheres to established standards and regulations. “With the presence of the SRO within the Crypto Asset Ecosystem, we can more easily monitor and ensure that crypto asset traders operate in compliance with applicable regulations. Furthermore, we must prioritize maximum protection for investors,” said Kasan.

Moreover, the integration of crypto asset trading platforms with SRO institutions like CFX offers significant advantages for industry players. PINTU CFO, Andrew Adjiputro, highlighted that being a fully licensed Crypto Asset Trader (PFAK) brings numerous benefits for both exchanges and investors. “With full licensing, we provide greater trust to investors because we operate under the strict supervision of relevant authorities and in accordance with applicable regulatory standards,” said Andrew. “Full licensing ensures that every transaction conducted on our platform is safe and transparent.”

Robby, CCO of REKU and Chairman of ABI-ASPAKRINDO, also emphasized the importance of security in strengthening Indonesia’s crypto ecosystem. “Security is the top priority in this growing crypto ecosystem. With the integration between trading platforms and SROs like CFX, we can ensure that every transaction occurs securely and in compliance with strict standards. This not only protects investors but also enhances public trust in the crypto industry in Indonesia,” said Robby.

He added that all these efforts converge towards one main goal: creating a healthier, more sustainable, and trustworthy crypto asset trading ecosystem. This ensures that both trading platforms and investors can fully benefit from the growth of the crypto industry in Indonesia.

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About CFX Indonesia

CFX is a government-regulated crypto futures exchange focused on nurturing Indonesia’s digital asset market. With a mission to build secure infrastructure, ensure regulatory compliance, and foster innovation, CFX aims to lead the industry by creating a safe, innovative, and inclusive digital assets ecosystem.

CFX Indonesia

CFX Tower Jl. Gatot Subroto No.35-36, Lantai 8 RT.6/RW.3, Kuningan, Kuningan Tim., Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12950

Website : www.cfx.co.id

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