{"id":11365,"date":"2024-09-10T03:51:19","date_gmt":"2024-09-10T03:51:19","guid":{"rendered":"https:\/\/www.cryptometer.io\/news\/?p=11365"},"modified":"2024-09-10T03:51:22","modified_gmt":"2024-09-10T03:51:22","slug":"binance-subsidiary-tokocrypto-gains-regulatory-approval-in-indonesia","status":"publish","type":"post","link":"https:\/\/www.cryptometer.io\/news\/binance-subsidiary-tokocrypto-gains-regulatory-approval-in-indonesia\/","title":{"rendered":"Binance Subsidiary Tokocrypto Gains Regulatory Approval in Indonesia"},"content":{"rendered":"\n<p>Binance has achieved a significant milestone in its global expansion as its Indonesian subsidiary, Tokocrypto, received regulatory approval from Indonesia&#8217;s Commodity Futures Trading Regulatory Agency (Bappebti). The approval, announced Monday, grants Tokocrypto the Physical Crypto Asset Trader License (PFAK), allowing the exchange to operate as a fully compliant crypto trader in the country.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Recognition from Binance Leadership<\/h3>\n\n\n\n<p>Binance CEO Richard Teng congratulated Tokocrypto on social media platform X (formerly Twitter), highlighting the importance of the regulatory approval. He emphasized that the license guarantees Tokocrypto\u2019s operations are fully aligned with Indonesian regulations, enhancing trust and security for its users.<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Binance\u2019s Continued Success Despite Challenges<\/h3>\n\n\n\n<p>Binance remains one of the world\u2019s leading cryptocurrency exchanges. Known for its strong brand and global presence, the exchange has maintained its dominant position despite facing challenges, including a $4 billion fine from the U.S. Department of Justice, which resulted in the departure of its founder, Changpeng Zhao.<\/p>\n\n\n\n<p>Nonetheless, Binance continues to expand its footprint, with Tokocrypto\u2019s regulatory success in Indonesia marking another key achievement. According to a press release from Binance, the approval reflects the company\u2019s commitment to \u201cregulatory compliance and fostering investor trust.\u201d<\/p>\n\n\n\n<h3 class=\"wp-block-heading\">Growing Popularity of Tokocrypto<\/h3>\n\n\n\n<p>As part of the Binance group, Tokocrypto has experienced substantial growth in 2024, with a user base that now exceeds 4.5 million. Additionally, the exchange\u2019s monthly trading volume surged by an impressive 138%, highlighting its increasing popularity in Indonesia\u2019s growing crypto market.<\/p>\n\n\n\n<p>In a statement, Binance noted, \u201cThe license ensures that crypto-asset trading on Tokocrypto meets Bappebti\u2019s strict licensing standards, thereby safeguarding investor interest.\u201d Teng also reiterated Binance\u2019s commitment to supporting Tokocrypto as it seeks to drive the growth of the Web3 ecosystem in the region.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Binance has achieved a significant milestone in its global expansion as its Indonesian subsidiary, Tokocrypto, received regulatory approval from Indonesia&#8217;s Commodity Futures Trading Regulatory Agency (Bappebti). The approval, announced Monday, grants Tokocrypto the Physical Crypto Asset Trader License (PFAK), allowing the exchange to operate as a fully compliant crypto trader in the country. Recognition from [&hellip;]<\/p>\n","protected":false},"author":6,"featured_media":5511,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[30,43],"tags":[],"class_list":{"0":"post-11365","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-exchange","8":"category-general-news"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v26.2 (Yoast SEO v27.2) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Binance Subsidiary Tokocrypto Gains Regulatory Approval in Indonesia<\/title>\n<meta name=\"description\" content=\"Binance has achieved a significant milestone in its global expansion as its Indonesian subsidiary, Tokocrypto, received regulatory approval from\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, 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