{"id":13326,"date":"2024-05-08T15:37:57","date_gmt":"2024-05-08T12:37:57","guid":{"rendered":"https:\/\/forklog.com\/en\/indonesias-regulator-establishes-cryptocurrency-committee\/"},"modified":"2024-05-08T15:37:57","modified_gmt":"2024-05-08T12:37:57","slug":"indonesias-regulator-establishes-cryptocurrency-committee","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/indonesias-regulator-establishes-cryptocurrency-committee\/","title":{"rendered":"Indonesia&#8217;s Regulator Establishes Cryptocurrency Committee"},"content":{"rendered":"<p>Indonesia&#8217;s Commodity Futures Trading Regulatory Agency (Bappebti) has established a cryptocurrency committee to oversee the industry&#8217;s operations and compliance. This was reported by <a href=\"https:\/\/www.coindesk.com\/policy\/2024\/05\/08\/indonesia-regulator-forms-crypto-committee-to-monitor-industrys-operation-compliance\/\">CoinDesk<\/a>.<\/p>\n<p>Digital assets fall under the jurisdiction of Bappebti, as they are considered a commodity in Indonesia.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;Optimizing the role of the Committee should become a key focus in implementing the current cryptocurrency ecosystem,&#8221;<\/em> said Bappebti head Didid Noordiatmoko.<\/p>\n<\/blockquote>\n<p>The committee will analyze industry reports, manage a central database, assess the risks of instruments, and have the authority to propose their inclusion or exclusion from listings.<\/p>\n<p>The structure will include representatives from Bappebti, various government ministries, crypto exchanges, clearing institutions, associations, academics, and practitioners.<\/p>\n<p>In April, Microsoft committed <a href=\"https:\/\/forklog.com\/en\/news\/microsoft-commits-1-7-billion-to-ai-infrastructure-in-indonesia\">$1.7 billion<\/a> to develop new infrastructure for artificial intelligence and cloud computing in Indonesia.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Indonesia&#8217;s Commodity Futures Trading Regulatory Agency (Bappebti) has established a cryptocurrency committee to oversee the industry&#8217;s operations and compliance. This was reported by CoinDesk. Digital assets fall under the jurisdiction of Bappebti, as they are considered a commodity in Indonesia. &#8220;Optimizing the role of the Committee should become a key focus in implementing the current [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":13325,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"","news_style_id":"","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1530,36],"class_list":["post-13326","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-indonesia","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"17","promo_type":"","layout_type":"","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13326","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=13326"}],"version-history":[{"count":0,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/13326\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/13325"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=13326"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=13326"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=13326"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}