Tokocrypto, an Indonesian cryptocurrency exchange, has recently obtained a full license from the country's Commodity Futures Trading Regulatory Agency, also known as "Bappebti."
This license, known as Physical Crypto Asset Trader (PFAK), grants Tokocrypto full authorization to operate as a physical crypto asset trader, ensuring its compliance with all relevant trading regulations in the country.
Prior to its full license, Tokocrypto had been operating under the category of "prospective cryptocurrency exchange" since 2014. In 2019, the exchange registered as a prospective trader of physical crypto assets (CPFAK).
However, in the same year, Bappebti made it mandatory for all exchanges in Indonesia to apply for authorization, which led to the issuance of a framework for obtaining a full license.