KAKOPX Exchange recently announced the formal submission of its local operating license application to Indonesian Commodity Futures Trading Regulatory Agency (Bappebti), having completed the first round of key compliance material preparation and submission. This marks a critical step forward in the KAKOPX compliance process within the Indonesian market.

According to Bappebti Regulation No. 9 of 2024, platforms seeking a local operating license must meet stricter standards in risk controls, data localization, tax reporting, and user rights protection. To ensure compliance and efficiency, KAKOPX has engaged a leading Indonesian law firm for legal advisory and application document preparation.

The platform is collaborating with compliance experts to adapt its systems, focusing on tailored AML/KYC modules and local data hosting. All supporting materials are expected to be finalized within the year, after which compliance inspections will take place. The application process is progressing steadily.

Indonesia, housing over 270 million people, represents one of the most promising digital finance markets in Southeast Asia. A joint report from Bappebti and third-party data agencies shows that, as of Q2 2025, Indonesia has over 18 million active crypto users, growing at about 23% annually. KAKOPX also disclosed that its user trading volume in the Indonesian market grew by more than 200% year-on-year in 2024.

KAKOPX stated that the Indonesia operating license application is a key component of its global compliance strategy. The platform plans to establish a local service team in Indonesia, enhance risk control response speed, strengthen communication mechanisms with regulators, and actively expand its local financial ecosystem cooperation network.

As the crypto asset industry enters a new stage where compliance defines competitiveness, KAKOPX views its Southeast Asia strategy as both a growth engine and a crucial path for building a sustainable competitive edge. The platform will continue to uphold principles of compliance, security, and technology-driven development, serving a broader base of emerging market users and contributing long-term stability to the regional digital asset ecosystem.

With the regulatory framework of Bappebti becoming increasingly robust, the importance of a local operating license is more pronounced, and platforms with formal operating qualifications will gain greater advantages in user trust, banking channel access, payment settlement, and local partnership resources.