Crypto Exchange ZIPMEX Acquired Seal Of Approval From Indonesian Regulatory

5d85c99dd353c-bpfull
Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • Today Zipmex got registered under the BAPPEBTI (Commodity Futures Trading Regulatory Agency) Indonesia.
  • Indonesian regulators are trying their level best to obtain from the crypto market, as last month they came up with a decision.
  • Zipmex is really a big player as it is operational in the Indonesian market since last year and handled trade of 35 billion in Bitcoin since its launch in the Asian country.

It is a groundbreaking achievement for the Zipmex, a digital asset exchange that is focused on providing retail and institutional investors the ability to buy, sell, and trade securely in the crypto market. Today Zipmex got registered under the BAPPEBTI (Commodity Futures Trading Regulatory Agency) Indonesia.

Now Zipmex has the attitude to operate under the Indonesian director fully. The business environment of cryptocurrency is enhancing day by day and provides a broad opportunity to everyone who is seeking scope in cryptocurrency.

Indonesian regulators are trying their level best to obtain from the crypto market, as last month they came up with a decision. To give authority to all crypto exchange platforms to get registered and render services in the country.

Zipmex is really a big player as it is operational in the Indonesian market since last year and handled trade of 35 billion in Bitcoin since its launch in the Asian country. After this registration with Indonesian regulators, it can start its trading against Indonesian fiat.

Marcus Lim, CEO, and co-founder of Zipmex, is really happy with this registration of exchange. As he mentioned that since the establishment of the Zipmex, they were looking for a way to make it a legitimate exchange. Zipmex becomes the 1st crypto exchange for getting officially registered as a crypto trading service provider in Indonesia.

Exchange keeps on expanding its operations across the Asia Pacific Region. The exchange also has an operational license from Thailand’s Securities and Exchange Commission (SEC). By acquiring this license, Zipmex becomes one of the few licensed exchanges in the country.

With the purview of the Australian Transaction Reports and Analysis Centre (AUSTRAC), it’s operating in Australia. Zipmex is also applying for a license in Singapore under the newly introduced Payment Services Act.

Zipmex understands the potential in the Asian market, and that’s why it keeps on expanding its operation in the Asian region with the current aim of entering Vietnam, a massive market.

Advertisement


Hot News

Bitcoin Supply Cut Due To Lost Keys And Burning

Bitcoin Halving is basically a mechanism to control its supply and supply of the same is set at 21 million coins. The 21...

Mathew McDermott to Serve As Goldman Sachs’ New Head Of Digital Assets

The leading investment banking firm, Goldman Sachs Group Inc. has promoted Mathew McDermott to become the head of the digital asset markets. McDermott...

Interview with Mikk Maal, the founder of Comistar

Hey Mikk Maal, thanks for taking the time to join me in this interview to educate our community on Comistar. Can you give us...

LISK [LSK] Anticipates Price Rise as Ascending Triangle Asserts Supremacy

The price volatility is re-entering in the cryptocurrency market in the past few weeks. Lisk is one such Low cap altcoin presently ranked...

Forbes Reveals List of Bitcoin Institutional Investors

Forbes released a list of 20 institutional Bitcoin Investors who already filed paperwork with the U.S Securities and Exchange Commission. This consists of...

Korea’s Bank To Create A Blockchain Based Financial Ecosystem With Three Other Firms

Kookmin Bank has recently announced their ventures in the world of blockchain and cryptocurrency. On August 7th, Kookmin Bank officially signed business agreements...

Partners

RELATED NEWS

Bitcoin Supply Cut Due To Lost Keys And Burning

Bitcoin Halving is basically a mechanism to control its supply and supply of...

Mathew McDermott to Serve As Goldman Sachs’ New Head...

The leading investment banking firm, Goldman Sachs Group Inc. has promoted Mathew McDermott...

Interview with Mikk Maal, the founder of Comistar

Hey Mikk Maal, thanks for taking the time to join me in this interview...