Indonesian exchange Tokocrypto has obtained a complete license from the country's Commodity Futures Trading Regulatory Agency, also known as 'Bappebti.' On Sept. 9, Tokocrypto announced that it had been granted the Physical Crypto Asset Trader (PFAK) license by Bappebti. This license authorizes the company to function as a physical crypto asset trader and ensures compliance with the nation's trading regulations. Previously, exchanges in Indonesia operated under a 'prospective crypto exchange' classification, but in 2019, Tokocrypto was registered as a Prospective Physical Crypto Asset Trader (CPFAK). The company's CEO, Yudhono Rawis, stated that Tokocrypto is the third exchange to receive this license in Indonesia, with 35 prospective crypto exchanges still registered with the futures regulator. Tokocrypto aims to solidify its position as the leading trading platform in Indonesia by obtaining this license, as evidenced by its market share dominance in 2023 according to CoinGecko data. Read more AI-generated news on: https://app.chaingpt.org/news