Binance Subsidiary Tokocrypto Secures Physical Crypto Asset Trader License as Third Exchange in Indonesia

Sep 9, 2024, 11:06 AM

Tokocrypto, the Indonesian subsidiary of Binance, has secured a Physical Crypto Asset Trader (PFAK) license from Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti). This license allows Tokocrypto to engage in physical crypto asset trading, marking a significant milestone for the company. Tokocrypto, a Binance Indonesia subsidiary, is now the third crypto exchange in Indonesia to receive this license, underscoring its commitment to regulatory compliance and investor trust.