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International Crypto Exchange Coinstore.com signs an agreement to support AHP evaluation for BAPPEBTI listing

KADIN Bandung Digital Asset Committee will help Crypto assets companies this time, with the goal of creating a strong and secure crypto ecosystem in Indonesia while actively facilitating their reach in the international market. The committee has previously served as a bridge between Indonesia and foreign businesses in trade and investments. Activities include educating the general public on Indonesia’s regulations governing crypto assets and the significance of adhering to the Analytical Hierarchy Process (AHP) requirements in order to legally transact in the country. Additionally, there will be chances for project owners to learn the fundamentals of how to bring attention to their initiative on a global scale.

The KADIN Digital Asset Committee created the “Cryptalk” event, which has an emphasis on teaching Indonesia about the value of standardising digital assets for a more robust crypto industry. Due to BAPPEBTI’s rigorous requirements for licencing tokens, the event used the chance to outline the rules and procedures for valuing crypto assets, also known as AHP. There are currently 383 digital assets that have successfully passed the AHP test and are therefore authorised to trade in Indonesia.

The MoU signing event will take place in Indonesia on October 18, 2022, thanks to a collaboration between the Bandung City Chamber of Commerce and Industry (KADIN) and Global Crypto Exchange Coinstore.com. More than 100 local and international Crypto asset companies attended this event, which was supported by a number of local officials including Dr. Jerry Sambuaga, the Deputy Minister of Trade, and Bambang Soesatyo, Chairman of the Indonesia People’s Consultative Assembly. Sandiaga Uno, the Minister of Tourism and the Creative Economy, spoke at both the Cryptalk event and the MoU ceremony in person and electronically, respectively. Pak M. Shobirin, the deputy chairman of KADIN Bandung, expressed his hope that this MoU would signal the start of the two parties’ future cooperation. The Chair of the Digital Assets Committee, who proposed this partnership, said: “With this collaboration, the opportunities for Indonesian crypto assets being accepted by the global market will only amplified. Coinstore.com will be our Strategic and Supporting Partner for the development of opportunities related to crypto business and digital assets in Indonesia.”

On October 18, 2022, the Chairman of the MPR, RI Bambang Soesatyo, and the Deputy of Trade, Dr. Jerry Sambuaga, formally launched Cryptalk 2022. The following day, President Jokowi opened TEI 2022. Cryptalk is one way that the agreement between KADIN Bandung and CoinStore.com, a global exchange, has been put into practise. Bambang Bamsoet expressed his appreciation for Cryptalk 2022’s implementation, saying, “KADIN Bandung and Coinstore.com have committed to working together through this memorandum of understanding to raise the standard of the Indonesian cryptocurrency ecosystem. With a presence in 160 countries and 200 workers worldwide, Coinstore.com will assume the position of a mentor and serve as a conduit for domestic cryptocurrency enterprises looking to enter the global crypto market.”

News Summary:

  • International Crypto Exchange Coinstore.com signs an agreement to support AHP evaluation for BAPPEBTI listing
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