Token Issuers Seeking White Spot on Strict List of Legally Traded Cryptos: Global Crypto Exchange Coinstore.com Signs MoU to promote AHP assessments for listing by BAPPEBTI
KADIN Digital Asset Committee, CRYPTALK 2022, October 18, 2022
Having been a bridge between Indonesia and foreign businesses in trade and investments, KADIN Bandung Digital Asset Committee will be assisting Crypto assets companies this time, aiming to create a healthy and safer crypto ecosystem in Indonesia while actively facilitating their reach in the global market.
Activities include raising public awareness regarding the regulation of crypto assets in Indonesia and educating the public on the importance of meeting the Analytical Hierarchy Process (AHP) criteria to trade legally in the nation. In addition, project owners will have opportunities to gain essential insight into the processes of putting their projects under the international spotlight.
On 18 October 2022, the Bandung City Chamber of Commerce and Industry (KADIN) partnered with Global Crypto Exchange Coinstore.com to hold an MoU signing ceremony in Indonesia. This event was attended by more than 100 local and foreign Crypto asset companies and received support from several local authorities, such as the Chairman of Indonesia People’s Consultative Assembly Bambang Soesatyo, and Dr. Jerry Sambuaga, the Deputy Minister of Trade. The Minister of Tourism and Creative Economy, Mr. Sandiaga Uno, also participated in the ceremony virtually and was the main speaker for both the Cryptalk event and the MoU ceremony. “Hopefully in the future, this MoU will mark the beginning of the cooperation between the two parties going forward,” said Pak M. Shobirin, Deputy Chairman of KADIN Bandung. “Coinstore.com will be our Strategic and Supporting Partner for the development of opportunities related to crypto business and digital assets in Indonesia.” Chair of the Digital Assets Committee and initiator of this cooperation commented: “With this collaboration, the opportunities for Indonesian crypto assets being accepted by the global market will only be amplified.
Initiated by KADIN Digital Asset Committee, the event ‘Cryptalk’ prioritizes educating Indonesia about the importance of standardizing digital assets for a healthier crypto ecosystem. Due to the strict criteria by BAPPEBTI to legalize token licensing, the event took the opportunity to explain the regulations and methods in the valuation of crypto assets, which is commonly known as AHP. Currently, 383 crypto assets have already gone through the AHP test and passed, granting them legal access to trade in Indonesia.
Cryptalk 2022 was officially opened by the Chairman of the MPR RI Bambang Soesatyo and Deputy of Trade, Dr. Jerry Sambuaga on 18 October 2022 while TEI 2022 was opened by President Jokowi the next day.
Cryptalk is a form of implementation of the memorandum of understanding between KADIN Bandung and Global Exchange, CoinStore.com. Appreciating the implementation of Cryptalk 2022, Bambang Bamsoet commented, “Through this memorandum of understanding, KADIN Bandung and Coinstore.com have been committed to working together to improve the quality of the crypto ecosystem in Indonesia.
Coinstore.com’s presence in 180 countries and 200 employees worldwide will take on the role of a mentor, acting as a bridge between domestic crypto businesses to penetrate the international crypto market.”
