We inform you that to keep improving trust and provide better convenience for Indodax users, we have now officially obtained SPAB (Surat Persetujuan Anggota Kliring) from CFX and SPAK (Surat Persetujuan Anggota Bursa) from KKI and ICC as a sign that we have met the Crypto Exchange requirements in accordance with BAPPEBTI regulations.
By obtaining SPAK, we have become a Clearing Member that gets supervision over fiat and crypto transactions by KKI and ICC so that transactions are more transparent. In addition, by obtaining SPAB, we are also supervised by CFX which indicates that the reporting and supervision carried out is closer to real time and strengthens Indodax's security standards. We will continue to maintain full transparency and continue to strengthen system security for the convenience of all Indodax users.