Binance’s Indonesian subsidiary Tokocrypto has received its Physical Crypto Asset Trader (PFAK) license from the country’s Commodity Futures Trading Regulatory Authority (Bappebti)! 🎉

- Tokocrypto was acquired by Binance in 2022.

- In 2023, Indonesia introduced a regulation requiring all crypto exchanges to register.

- Tokocrypto became the third exchange to receive this license.

The high demand for crypto in Indonesia has triggered these regulations. How do you think this development will affect the crypto market? Let’s meet in the comments! 💬