Share this article
Indonesia Extends Deadline for Crypto Exchange License Requirements Following Regulatory Updates
Exchanges will now have until the last week of November to meet new requirements.
Updated Oct 22, 2024, 8:20 a.m. Published Oct 22, 2024, 5:42 a.m.
- Updates to current regulations were released on Oct 18.
- More than 30 crypto exchanges have applied for a full license.
Indonesia’s Commodity Futures Trading Regulatory Agency (Bappebti) has extended the deadline for crypto exchanges to meet licensing requirements to become Physical Crypto Asset Traders until the last week of November.
The extension follows updates released on Oct 18 to current regulations. Exchanges now need to form partnerships with local government bodies and introduce Know Your Transactions standards to remain compliant.
STORY CONTINUES BELOW
The licensing of exchanges in Indonesia began with the introduction of regulations in 2019 requiring crypto exchanges in the country to seek authorization to continue operating.
Indonesia also launched a national bourse for crypto assets -- which it considers commodities -- in 2023, requiring crypto exchanges to register with the platform to continue operating. It aims to both make investing crypto safer for investors and help track digital asset transactions for tax purposes.
CoinDesk recently reported that 30 crypto exchanges have applied for licenses and several exchanges have already obtained full licenses, including Binance’s Indonesian subsidiary Tokocrypto.
More For You
What to know:
- As of October 2025, GoPlus has generated $4.7M in total revenue across its product lines. The GoPlus App is the primary revenue driver, contributing $2.5M (approx. 53%), followed by the SafeToken Protocol at $1.7M.
- GoPlus Intelligence's Token Security API averaged 717 million monthly calls year-to-date in 2025 , with a peak of nearly 1 billion calls in February 2025. Total blockchain-level requests, including transaction simulations, averaged an additional 350 million per month.
- Since its January 2025 launch , the $GPS token has registered over $5B in total spot volume and $10B in derivatives volume in 2025. Monthly spot volume peaked in March 2025 at over $1.1B , while derivatives volume peaked the same month at over $4B.
More For You
State of Crypto: Wrapping Up the Month
Congress continues to make progress on crypto issues but things are moving slowly.
Top Stories
