To keep up with the growing crypto market, Indonesia's regulatory body has issued new regulations on crypto asset trading to improve safety for investors.
Previously, the regulation of crypto assets was regulated in Regulation Number 7 of 2020. Now, the new regulation is outlined in Regulation Number 11 of 2022, which sets out a list of crypto assets that can be traded on physical markets in Indonesia. This list has grown to 383 crypto assets from 299 previously.
The regulator will continue to monitor innovations in the crypto market and conduct an annual review of the eligibility of crypto assets listed on crypto exchange platforms in Indonesia.
As a crypto exchange, INDODAX complies with all the rules of the regulatory body and ensures that the listed crypto assets have gone through a rigorous assessment process in accordance with Regulation Number 11 Year 2022. Currently, INDODAX has more than 200 registered crypto assets that have met the regulatory body's assessment standards, so users can transact and invest safely.