Tokocrypto, a subsidiary of Binance, has received regulatory approval from the Indonesian regulator, Bappebti, as a Physical Crypto Asset Trader (PFAK). This makes Tokocrypto the third digital asset exchange in Indonesia to obtain this important license. The approval signifies that Tokocrypto now meets all regulatory requirements for crypto exchanges in Indonesia. The CEO of Tokocrypto, Yudhono Rawis, expressed pride in achieving this milestone and stated that it is part of their strategy to build a strong foundation in the Indonesian crypto ecosystem. Binance CEO Richard Teng congratulated Tokocrypto and reaffirmed Binance's support for the exchange's mission to drive Web3 growth in the region. Tokocrypto has experienced significant growth in its user base and monthly average volume, benefiting from the positive regulatory environment in Indonesia.



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