Indonesia’s Commodity Futures Trading
Regulatory Agency has introduced new legislation and a detailed
framework for operating physical crypto-asset futures. However,
cryptocurrency operators are concerned by the high capital
requirements being imposed on them. Some are inviting foreign
investors in an attempt to meet the new requirements.
Under the new framework, cryptocurrencies need to comply
with local anti-money laundering (AML) and combating financing
of terrorism (CTF) requirements. Cryptocurrency traders also
need to maintain transaction histories for a minimum of five
years on a server located within Indonesia.
Cryptocurrency brokers were already dissatisfied with
capital requirements introduced in October 2018. The rules now