iBNB

Binance’s Indonesian subsidiary Tokocrypto has <a href="https://www.binance.com/en/blog/regulation/tokocryptos-pfak-license-a-major-milestone-for-binance-subsidiary-and-indonesias-crypto-industry-2296151690731688790" rel="noopener noreferrer nofollow">received</a> a full license from “Bappebti,” the country’s Commodity Futures Trading Regulatory Agency. With the Physical Crypto Asset Trader (PFAK) license, Tokocrypto becomes an authorized physical crypto asset trader in the country.<a href="https://cryptotale.org/binance-kazakhstan-gains-afsa-pre-approval-for-license/" rel="noopener noreferrer nofollow">Binance </a>shed light on Binance group and Tokocrypto’s commitment to regulatory compliance. Acknowledging the acquisition, Binance stated,&lt;blockquote&gt; “We are thrilled to announce that Tokocrypto… has secured a license [in Indonesia]…This landmark achievement underscores Tokocrypto and Binance’s commitment to regulatory compliance and marks a pivotal moment in the development of Indonesia’s crypto-asset industry.&lt;blockquote&gt;Tokocrypto’s Licensing StoryThe platform applied for a Prospective Physical Crypto Asset Trader (CPFAK) in 2019. It navigated a challenging licensing process and met all the criteria established by Bappebti to secure the license.Related: <a href="https://cryptotale.org/outrage-grows-over-detained-binance-execs-health-decline/" rel="noopener noreferrer nofollow">https://cryptotale.org/outrage-grows-over-detained-binance-execs-health-decline/</a><a href="https://cryptotale.org/ai-blockchain-integration-binance-labs-invests-in-myshell-and-sahara-ai/" rel="noopener noreferrer nofollow">Binance</a> believes the PFAK license marks a landmark moment that strengthens investor trust and confidence. This regulatory approval underscores Tokocrypto&#39;s commitment to complying with cryptocurrency regulations. It reinforces the firm’s dedication to delivering secure, transparent, and trustworthy crypto-asset trading experiences for Indonesian users.<a href="https://cryptotale.org/binances-tokocrypto-secures-pfak-license-in-indonesia/" rel="noopener noreferrer nofollow">Read more on Cryptotale.</a>Visit the links for more information <a href="https://cryptotale.org/" rel="noopener noreferrer nofollow">Website</a> | <a href="https://twitter.com/cryptotalemedia" rel="noopener noreferrer nofollow">Twitter </a>| <a href="https://t.me/cryptotale_news" rel="noopener noreferrer nofollow">Telegram </a>| <a href="https://www.instagram.com/cryptotalenews/" rel="noopener noreferrer nofollow">Instagram </a>|

Binance’s Tokocrypto Secures PFAK License in Indonesia

CryptoTale

Other articles published on Sep 10, 2024

USDT Stablecoin Holdings on Exchanges Surge Since August

SEC Secures $4.7 Billion From Crypto Enforcement This Year, A 3,018% Surge Driven By Terraform La...

Weekly Article Recap: 9/02-9/06

XRPL-Based XRP Healthcare Embraces AI with New Integration, Leading to 5% XRPH Price Surge

16 Publicly Listed Bitcoin Mining Companies Captured 23% of Market Share in August, Producing Ove...

New Memecoin Trump Loves Tesla (TRUMPTES) to Skyrocket 16,000% Ahead of Exchange Listings

Join our free newsletter for daily crypto updates!