TL;DR: Bappebti’s new regulation positions Indonesia as a leading crypto hub, attracting institutional investors to crypto trading but posing compliance challenges Indonesian Commodity Futures Trading Regulatory Agency (CoFTRA) has unveiled Regulation No. 9 of 2024, a refinement of Regulation No. 8 of the same year. This updated policy introduces enhanced mechanisms, granting institutions streamlined access to engage in crypto trading through registered exchanges, which must implement robust know-your-transaction (KYT) principles and integrated travel rules. “This policy aims to propel Indonesia’s crypto market into a new era of growth,” stated Kasan, head of Bappebti. “We anticipate that the entry of institutional…