Bitwyre is proud to announce its approval as a Licensed Crypto Asset Physical Trader (PFAK) by Indonesian Commodity Futures Trading Regulatory Agency (Bappebti). This milestone solidifies Bitwyre’s position as a trailblazer in Indonesia’s crypto ecosystem, paving the way for its vision to become the nation’s premier crypto SuperApp and a hub for stablecoin and derivatives trading.&nbsp;

Bitwyre is on a mission to integrate a comprehensive suite of services into a single SuperApp, enabling&nbsp; effortless onramp and offramp solutions, and easy coin swaps. Furthermore, Bitwyre is setting its sights on becoming Indonesia’s top stablecoin trading platform while actively developing cutting-edge derivatives trading capabilities.&nbsp;

Following a rigorous evaluation process as a Crypto Asset Physical Trader (PFAK), Bitwyre has successfully met all regulatory requirements outlined in Bappebti Regulation No. 13 of 2022. With the PFAK license, Bitwyre is now fully authorized to operate under Indonesia’s crypto asset trading framework, providing a secure, transparent, and innovative platform for investors and traders.

"The acquisition of the PFAK license underscores Bitwyre's commitment to building a trading platform that prioritizes security, transparency, and user trust. By adhering to applicable regulatory standards, Bitwyre aims to foster long-term trust within the community while actively contributing to shaping the future of Indonesia's crypto asset industry," said Jaricho Naftaly, Head of Government Relations at Bitwyre.

Bitwyre extends heartfelt gratitude to Bappebti for its support and guidance throughout the licensing process. The company also acknowledges the vital contributions of the Crypto Futures Exchange (CFX) and the Indonesian Coin Custodian (ICC), whose collaboration has been instrumental in achieving this significant milestone.

Head of the Indonesian Commodity Futures Trading Regulatory Agency, Bappebti, Tirta Karma Senjaya emphasised the importance of licensing in establishing a secure and sustainable crypto ecosystem, noting that only companies meeting stringent regulatory standards are granted approval. Tirta highlighted that this approach ensures investor protection and promotes the responsible growth of the industry.

“Securing the PFAK license from Bappebti marks a pivotal milestone for Bitwyre. It accelerates our mission to launch Southeast Asia’s first Crypto SuperApp offering seamless mobile trading, and coin staking later this year,” said Dendi, CEO of Bitwyre. “In addition, we remain committed to supporting our institutional traders and investors, by offering robust OTC services and liquidity for stablecoin trading.”

The PFAK license marks a new chapter for Bitwyre as it strives to deliver secure and user-centric trading solutions. The company remains committed to working closely with regulatory authorities and industry partners to shape the future of Indonesia’s crypto economy. Its vision is to empower users with a SuperApp that meets all their crypto needs, from staking to advanced trading features.

Bitwyre is proud to announce its approval as a Licensed Crypto Asset Physical Trader (PFAK) by Indonesian Commodity Futures Trading Regulatory Agency (Bappebti). This milestone solidifies Bitwyre’s position as a trailblazer in Indonesia’s crypto ecosystem, paving the way for its vision to become the nation’s premier crypto SuperApp and a hub for stablecoin and derivatives trading.&nbsp;Bitwyre is on a mission to integrate a comprehensive suite of services into a single SuperApp, enabling&nbsp; effortless onramp and offramp solutions, and easy coin swaps. Furthermore, Bitwyre is setting its sights on becoming Indonesia’s top stablecoin trading platform while actively developing cutting-edge derivatives trading capabilities.&nbsp;Following a rigorous evaluation process as a Crypto Asset Physical Trader (PFAK), Bitwyre has successfully met all regulatory requirements outlined in Bappebti Regulation No. 13 of 2022. With the PFAK license, Bitwyre is now fully authorized to operate under Indonesia’s crypto asset trading framework, providing a secure, transparent, and innovative platform for investors and traders."The acquisition of the PFAK license underscores Bitwyre's commitment to building a trading platform that prioritizes security, transparency, and user trust. By adhering to applicable regulatory standards, Bitwyre aims to foster long-term trust within the community while actively contributing to shaping the future of Indonesia's crypto asset industry," said Jaricho Naftaly, Head of Government Relations at Bitwyre.Bitwyre extends heartfelt gratitude to Bappebti for its support and guidance throughout the licensing process. The company also acknowledges the vital contributions of the Crypto Futures Exchange (CFX) and the Indonesian Coin Custodian (ICC), whose collaboration has been instrumental in achieving this significant milestone.Head of the Indonesian Commodity Futures Trading Regulatory Agency, Bappebti, Tirta Karma Senjaya emphasised the importance of licensing in establishing a secure and sustainable crypto ecosystem, noting that only companies meeting stringent regulatory standards are granted approval. Tirta highlighted that this approach ensures investor protection and promotes the responsible growth of the industry.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/66325023-8718-4db2-fb15-eee673841900/public" alt="Dendi Suhubdy, Bitwyre CEO" />“Securing the PFAK license from Bappebti marks a pivotal milestone for Bitwyre. It accelerates our mission to launch Southeast Asia’s first Crypto SuperApp offering seamless mobile trading, and coin staking later this year,” said Dendi, CEO of Bitwyre. “In addition, we remain committed to supporting our institutional traders and investors, by offering robust OTC services and liquidity for stablecoin trading.”The PFAK license marks a new chapter for Bitwyre as it strives to deliver secure and user-centric trading solutions. The company remains committed to working closely with regulatory authorities and industry partners to shape the future of Indonesia’s crypto economy. Its vision is to empower users with a SuperApp that meets all their crypto needs, from staking to advanced trading features.

Software

Blockchain / Web3

Cryptocurrency

Foreign companies

Startups

Bitwyre to Launch Indonesia’s First Crypto SuperApp Following PFAK License Approval by Bappebti

Kuala Lumpur, Malaysia – December 18, 2024 – <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a>, a leading business development and digital marketing agency, today announced a strategic partnership with <a href="https://Fxgt.wasap.my">FXGT</a> broker. This collaboration is designed to advance access for traders in Southeast Asia to a range of the best trading tools and conditions, particularly in crypto CFD trading.

Through this partnership, Nusantara Global Network and <a href="https://Fxgt.wasap.my">FXGT</a> will introduce the +10% Loyalty <a href="https://portal.fxgt.com/register?refid=nusantara">Crypto Booster</a> initiative, where traders can enjoy bonus rewards of up to 35%. Traders will have the opportunity to receive an additional 10% bonus on their crypto deposits in Mini or Standard+ accounts when they qualify for the 25% Loyalty Bonus offered by FXGT.

“This collaboration marks an important step in helping traders in Southeast Asia access broader opportunities in the rapidly growing cryptocurrency market,” said <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a>. “With <a href="https://Fxgt.wasap.my">FXGT</a> as a globally reputable trading partner, we are confident that this partnership will greatly benefit traders seeking speed and efficiency in crypto trading execution.”

<a href="https://Fxgt.wasap.my">Interested on the above offer contact us now.</a>

Enhancing Crypto Trading with Exclusive Bonuses

FXGT offers advantages such as the +10% Loyalty <a href="https://portal.fxgt.com/register?refid=nusantara">Crypto </a>Booster, providing traders with extra incentives to boost their deposits with higher bonuses. For example, a $1,000 deposit will result in a 25% Loyalty Bonus of $250, followed by an additional 10% bonus worth $100, bringing the trader's total credit to $1,350.

This initiative is also designed to ensure that traders continue receiving both the 25% bonus and the additional 10% bonus once they meet the conditions to reset the 25% Loyalty Bonus cap. This allows them to maximize their trading opportunities with increased leverage and enhanced credit.

“We are thrilled to partner with Nusantara Global Network to introduce this innovative product to our traders,” said a representative of <a href="https://Fxgt.wasap.my">FXGT</a>. “Our goal is to provide our traders with the right tools and incentives to achieve success in the fast-growing cryptocurrency market. Through this collaboration, we are confident that we can enhance our customers’ trading experience in the region.”

FXGT is a global online broker offering access to a wide range of asset classes, including Forex, commodities, and crypto CFDs. Known for its high-quality customer service and user-friendly trading platform, FXGT remains committed to providing the best trading conditions to traders worldwide.

Kuala Lumpur, Malaysia – December 18, 2024 – <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a>, a leading business development and digital marketing agency, today announced a strategic partnership with <a href="https://Fxgt.wasap.my">FXGT</a> broker. This collaboration is designed to advance access for traders in Southeast Asia to a range of the best trading tools and conditions, particularly in crypto CFD trading.Through this partnership, Nusantara Global Network and <a href="https://Fxgt.wasap.my">FXGT</a> will introduce the +10% Loyalty <a href="https://portal.fxgt.com/register?refid=nusantara">Crypto Booster</a> initiative, where traders can enjoy bonus rewards of up to 35%. Traders will have the opportunity to receive an additional 10% bonus on their crypto deposits in Mini or Standard+ accounts when they qualify for the 25% Loyalty Bonus offered by FXGT.“This collaboration marks an important step in helping traders in Southeast Asia access broader opportunities in the rapidly growing cryptocurrency market,” said <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a>. “With <a href="https://Fxgt.wasap.my">FXGT</a> as a globally reputable trading partner, we are confident that this partnership will greatly benefit traders seeking speed and efficiency in crypto trading execution.”<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/33f9ca28-920f-4123-395c-0929707c8900/public" alt="https://Fxgt.wasap.my" /><a href="https://Fxgt.wasap.my">Interested on the above offer contact us now.</a>Enhancing Crypto Trading with Exclusive BonusesFXGT offers advantages such as the +10% Loyalty <a href="https://portal.fxgt.com/register?refid=nusantara">Crypto </a>Booster, providing traders with extra incentives to boost their deposits with higher bonuses. For example, a $1,000 deposit will result in a 25% Loyalty Bonus of $250, followed by an additional 10% bonus worth $100, bringing the trader's total credit to $1,350.This initiative is also designed to ensure that traders continue receiving both the 25% bonus and the additional 10% bonus once they meet the conditions to reset the 25% Loyalty Bonus cap. This allows them to maximize their trading opportunities with increased leverage and enhanced credit.“We are thrilled to partner with Nusantara Global Network to introduce this innovative product to our traders,” said a representative of <a href="https://Fxgt.wasap.my">FXGT</a>. “Our goal is to provide our traders with the right tools and incentives to achieve success in the fast-growing cryptocurrency market. Through this collaboration, we are confident that we can enhance our customers’ trading experience in the region.”About FXGTFXGT is a global online broker offering access to a wide range of asset classes, including Forex, commodities, and crypto CFDs. Known for its high-quality customer service and user-friendly trading platform, FXGT remains committed to providing the best trading conditions to traders worldwide.

Nusantara Global Network Announces Strategic Partnership with FXGT Broker to Enhance Crypto Trading in Southeast Asia

Kuala Lumpur, Malaysia – December 17, 2024 – <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a>, a leading business development and digital marketing agency, is excited to announce a strategic partnership with <a href="https://hfm.wasap.my">HF Markets</a>, a globally respected broker. This collaboration aims to empower traders in Southeast Asia by providing access to advanced trading tools and competitive conditions for crypto CFDs.

Through this partnership, Nusantara Global Network will leverage <a href="https://hfm.wasap.my">HF Markets</a> comprehensive platform, which offers state-of-the-art <a href="https://www.hfm.com/?refid=364418">crypto</a> trading solutions. This includes ultra-fast execution, leverage of up to 1:50 on selected cryptocurrencies, and the flexibility to trade 24/5. The focus of this collaboration is to expand trading opportunities and deliver premium services to clients in the region.

Empowering Crypto Traders with Advanced Tools

As the cryptocurrency trading market continues to grow rapidly, Nusantara Global Network and <a href="https://hfm.wasap.my">HF Markets </a>are committed to providing traders with a platform that ensures fast and efficient execution. Traders will benefit from low spreads, negative balance protection, and the ability to profit from both rising and falling markets.

"This partnership is an exciting opportunity for us to extend our offerings to clients, especially in the fast-evolving world of <a href="https://www.hfm.com/?refid=364418">crypto</a> trading," said a representative from Nusantara Global Network. "With HF Markets' cutting-edge platform and expertise in the financial markets, we are confident that we can deliver a superior trading experience and give traders a competitive edge."

The partnership is designed to support traders at all levels, offering leverage of up to 1:50 on selected cryptocurrencies, enabling them to maximize their potential while maintaining control over their trades.

Traders using HF Markets' platform can trade across various devices, including desktop, mobile, and web, ensuring they never miss a market opportunity. This seamless experience, combined with fast execution, provides traders with the tools they need to make informed and timely decisions.

A spokesperson from HF Markets commented, "We are thrilled to partner with Nusantara Global Network to bring our crypto CFD trading platform to a broader audience in Southeast Asia. Our platform is designed to offer maximum flexibility, competitive conditions, and access to the tools traders need to succeed in the fast-changing <a href="https://www.hfm.com/?refid=364418">crypto</a> markets."

Leading the Market in Southeast Asia

With the increasing demand for crypto trading in Southeast Asia, this partnership positions both companies as leaders in the region, offering a world-class platform that supports both novice and experienced traders. As interest in digital assets continues to grow, <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a> and HF Markets are committed to providing innovative solutions that meet the evolving needs of this dynamic market.

<a href="https://hfm.wasap.my">HF Markets</a> is a global online broker providing traders access to a wide range of asset classes, including Forex, commodities, and indices. Known for its user-friendly platform and excellent customer support, HF Markets is committed to empowering traders with the tools and resources needed for successful trading.

Kuala Lumpur, Malaysia – December 17, 2024 – <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a>, a leading business development and digital marketing agency, is excited to announce a strategic partnership with <a href="https://hfm.wasap.my">HF Markets</a>, a globally respected broker. This collaboration aims to empower traders in Southeast Asia by providing access to advanced trading tools and competitive conditions for crypto CFDs.Through this partnership, Nusantara Global Network will leverage <a href="https://hfm.wasap.my">HF Markets</a> comprehensive platform, which offers state-of-the-art <a href="https://www.hfm.com/?refid=364418">crypto</a> trading solutions. This includes ultra-fast execution, leverage of up to 1:50 on selected cryptocurrencies, and the flexibility to trade 24/5. The focus of this collaboration is to expand trading opportunities and deliver premium services to clients in the region.Empowering Crypto Traders with Advanced ToolsAs the cryptocurrency trading market continues to grow rapidly, Nusantara Global Network and <a href="https://hfm.wasap.my">HF Markets </a>are committed to providing traders with a platform that ensures fast and efficient execution. Traders will benefit from low spreads, negative balance protection, and the ability to profit from both rising and falling markets."This partnership is an exciting opportunity for us to extend our offerings to clients, especially in the fast-evolving world of <a href="https://www.hfm.com/?refid=364418">crypto</a> trading," said a representative from Nusantara Global Network. "With HF Markets' cutting-edge platform and expertise in the financial markets, we are confident that we can deliver a superior trading experience and give traders a competitive edge."The partnership is designed to support traders at all levels, offering leverage of up to 1:50 on selected cryptocurrencies, enabling them to maximize their potential while maintaining control over their trades.<img style="width: 100%;" src="https://imagedelivery.net/H6_s_Eb_ylTWnSEV3HlmYQ/3fb2e845-c08b-42ba-c283-55251fcc8f00/public" alt="https://HFMrebate.wasap.my" />A Seamless Trading ExperienceTraders using HF Markets' platform can trade across various devices, including desktop, mobile, and web, ensuring they never miss a market opportunity. This seamless experience, combined with fast execution, provides traders with the tools they need to make informed and timely decisions.A spokesperson from HF Markets commented, "We are thrilled to partner with Nusantara Global Network to bring our crypto CFD trading platform to a broader audience in Southeast Asia. Our platform is designed to offer maximum flexibility, competitive conditions, and access to the tools traders need to succeed in the fast-changing <a href="https://www.hfm.com/?refid=364418">crypto</a> markets."Leading the Market in Southeast AsiaWith the increasing demand for crypto trading in Southeast Asia, this partnership positions both companies as leaders in the region, offering a world-class platform that supports both novice and experienced traders. As interest in digital assets continues to grow, <a href="https://nusantaraglobalnetwork.com/">Nusantara Global Network</a> and HF Markets are committed to providing innovative solutions that meet the evolving needs of this dynamic market.About HF Markets<a href="https://hfm.wasap.my">HF Markets</a> is a global online broker providing traders access to a wide range of asset classes, including Forex, commodities, and indices. Known for its user-friendly platform and excellent customer support, HF Markets is committed to empowering traders with the tools and resources needed for successful trading.

Nusantara Global Network Announces Strategic Partnership with HF Markets to Empower Crypto CFD Trading in Southeast Asia

JAKARTA, Indonesia, April 9, 2024 - Indonesia has marked significant strides in adopting crypto assets and blockchain technology in the ever-evolving digital era. The country has showcased remarkable growth in the crypto asset industry.

According to data from the Commodity Futures Trading Regulatory Agency (Bappebti), in February 2024, there were 19.18 million crypto asset investors in Indonesia, with an average increase in registered customers of 427.2 thousand customers per month since this data was reported in February 2021. The value of crypto trading transactions in February 2024 amounted to more than US$2,1 billion (up 56.22% from the previous month). The total transaction value for January-February 2024 was more than US$3,4 billion, or an increase of 113.05% compared to the same period in 2023, amounting to US$1,8 billion (yoy), indicating the strong economic potential of the industry.

Asian countries fiercely compete to become hubs for crypto technology development, with Indonesia not lagging in this race. The Indonesian government has proactively created policies supporting the growth of the crypto ecosystem, including regulations facilitating innovation and increasing public awareness of the investment potential in crypto assets.

As a leading #ExchangeIndonesia, <a href="http://tokocrypto.com">Tokocrypto</a> is fully committed to shaping the future of the country's blockchain and digital asset industry. This statement reinforces Tokocrypto's role as a key player in Indonesia's crypto-asset sector, demonstrating its commitment to supporting inclusive and sustainable digital economic growth.

"We at Tokocrypto are proud to be part of this digital transformation and to lead in its initiation. The steps taken by Bappebti, along with full support from the government, provide a solid foundation for the growth of the crypto industry in Indonesia," said the CEO of Tokocrypto, Yudhono Rawis.

Yudho added that the regulation and supervision of crypto assets, previously under Bappebti, will officially transfer to the Financial Services Authority (OJK) in January 2025, building stronger regulations to maintain market integrity and protect consumers. The transition of crypto asset supervision to OJK marks a new chapter in digital financial regulation in Indonesia. With collaboration between regulators and industry players, Indonesia is on the right path to harness the full potential of digital financial assets, including crypto assets, to support national economic growth.

In early 2024, Tokocrypto recorded significant achievements, dominating about 43% of the market based on CoinMarketCap data, with over 4 million users and an average daily transaction exceeding US$30 million. This comprises more than 400 types of tokens and coins traded on the platform, positioning Tokocrypto as a critical indicator in Indonesia's progression within the crypto industry.

The outstanding performance in early 2024 was supported by various positive developments in the crypto world, including optimism towards Bitcoin spot ETFs and anticipation of the Bitcoin halving. Yudhono shared exciting plans for 2024, such as increasing the trading transaction volume to reach US$12 billion (approximately Rp 189 trillion) and doubling its users to 6 million people in 2024.

"The user growth at Tokocrypto reflects a global trend showing increasing interest in crypto investments. Additionally, the increasing adaptation of Indonesian investors indicates that the crypto market continues to grow and become more inclusive for various segments of society," explained Yudho.

Tokocrypto has also significantly contributed to tax revenue from crypto asset transactions in Indonesia during 2024. According to the Directorate General of Taxes of the Ministry of Finance of the Republic of Indonesia, as of February 2024, tax revenue from crypto transactions has reached US$4.5 million. Tokocrypto has contributed approximately US$1.8 million, equivalent to about 40%.

To support innovation, Tokocrypto has made significant changes to Toko Token (TKO), Tokocrypto's original utility crypto token, aimed at advancing blockchain technology adoption in Indonesia. The TKO Foundation, a separate independent entity from Tokocrypto, will manage TKO.

"This will ensure the sustainability of TKO and provide new utilities that would not be possible if TKO were just a simple exchange token," explained Yudho.

The main focus of the TKO Foundation is to develop the TKO token. The TKO Foundation has released a whitepaper introducing a roadmap and a new management team determined to advance this local crypto asset project further. The market capitalisation of TKO tokens has reached US$52 million, making it the most prominent local token.

Since the release of White Paper V4.0 on January 31, 2024, TKO has achieved remarkable success in February 2024, entering the Top Gainers list, according to CryptoRank. TKO's performance has significantly improved, marking a historic milestone and boosting investor confidence.

According to TKO's Monthly Return (USD) data, TKO's performance experienced a significant increase of 68.8% during February 2024. This marks an important milestone in TKO's history, demonstrating the potential of this crypto asset project and its considerable development.

For more details about the V4.0 TKO whitepaper, please refer to the official <a href="https://www.tkotoken.com/">Tkotoken</a> website. Additionally, you can track TKO's price performance on platforms like <a href="https://coinmarketcap.com/currencies/tokocrypto/">CoinMarketCap</a> and <a href="https://cryptorank.io/price/tokocrypto">CryptoRank</a>.

<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/c0d7669238b59df1791acbaf43b19d9c766998dca09bf9288d73ef937112489e/20211118%20tokocrypto%20media%20gathering%20-%2037.jpg" alt="Illustration Tokocrypto mobile app. Source: Tokocrypto." />JAKARTA, Indonesia, April 9, 2024 - Indonesia has marked significant strides in adopting crypto assets and blockchain technology in the ever-evolving digital era. The country has showcased remarkable growth in the crypto asset industry.According to data from the Commodity Futures Trading Regulatory Agency (Bappebti), in February 2024, there were 19.18 million crypto asset investors in Indonesia, with an average increase in registered customers of 427.2 thousand customers per month since this data was reported in February 2021. The value of crypto trading transactions in February 2024 amounted to more than US$2,1 billion (up 56.22% from the previous month). The total transaction value for January-February 2024 was more than US$3,4 billion, or an increase of 113.05% compared to the same period in 2023, amounting to US$1,8 billion (yoy), indicating the strong economic potential of the industry.Asian countries fiercely compete to become hubs for crypto technology development, with Indonesia not lagging in this race. The Indonesian government has proactively created policies supporting the growth of the crypto ecosystem, including regulations facilitating innovation and increasing public awareness of the investment potential in crypto assets.As a leading #ExchangeIndonesia, <a href="http://tokocrypto.com">Tokocrypto</a> is fully committed to shaping the future of the country's blockchain and digital asset industry. This statement reinforces Tokocrypto's role as a key player in Indonesia's crypto-asset sector, demonstrating its commitment to supporting inclusive and sustainable digital economic growth."We at Tokocrypto are proud to be part of this digital transformation and to lead in its initiation. The steps taken by Bappebti, along with full support from the government, provide a solid foundation for the growth of the crypto industry in Indonesia," said the CEO of Tokocrypto, Yudhono Rawis.Yudho added that the regulation and supervision of crypto assets, previously under Bappebti, will officially transfer to the Financial Services Authority (OJK) in January 2025, building stronger regulations to maintain market integrity and protect consumers. The transition of crypto asset supervision to OJK marks a new chapter in digital financial regulation in Indonesia. With collaboration between regulators and industry players, Indonesia is on the right path to harness the full potential of digital financial assets, including crypto assets, to support national economic growth.Sustaining GrowthIn early 2024, Tokocrypto recorded significant achievements, dominating about 43% of the market based on CoinMarketCap data, with over 4 million users and an average daily transaction exceeding US$30 million. This comprises more than 400 types of tokens and coins traded on the platform, positioning Tokocrypto as a critical indicator in Indonesia's progression within the crypto industry.The outstanding performance in early 2024 was supported by various positive developments in the crypto world, including optimism towards Bitcoin spot ETFs and anticipation of the Bitcoin halving. Yudhono shared exciting plans for 2024, such as increasing the trading transaction volume to reach US$12 billion (approximately Rp 189 trillion) and doubling its users to 6 million people in 2024.<img style="width: 100%;" src="https://vritimes-public.s3.ap-southeast-1.amazonaws.com/production/04dd991326dcb5b009bbb6a9093e70c05e9843eabb05635f387c07d0e1902e5c/PGA08828.JPG" alt="CEO of Tokocrypto, Yudhono Rawis. Source: Tokocrypto." />"The user growth at Tokocrypto reflects a global trend showing increasing interest in crypto investments. Additionally, the increasing adaptation of Indonesian investors indicates that the crypto market continues to grow and become more inclusive for various segments of society," explained Yudho.Tokocrypto has also significantly contributed to tax revenue from crypto asset transactions in Indonesia during 2024. According to the Directorate General of Taxes of the Ministry of Finance of the Republic of Indonesia, as of February 2024, tax revenue from crypto transactions has reached US$4.5 million. Tokocrypto has contributed approximately US$1.8 million, equivalent to about 40%.Toko Token (TKO)To support innovation, Tokocrypto has made significant changes to Toko Token (TKO), Tokocrypto's original utility crypto token, aimed at advancing blockchain technology adoption in Indonesia. The TKO Foundation, a separate independent entity from Tokocrypto, will manage TKO."This will ensure the sustainability of TKO and provide new utilities that would not be possible if TKO were just a simple exchange token," explained Yudho.The main focus of the TKO Foundation is to develop the TKO token. The TKO Foundation has released a whitepaper introducing a roadmap and a new management team determined to advance this local crypto asset project further. The market capitalisation of TKO tokens has reached US$52 million, making it the most prominent local token.Since the release of White Paper V4.0 on January 31, 2024, TKO has achieved remarkable success in February 2024, entering the Top Gainers list, according to CryptoRank. TKO's performance has significantly improved, marking a historic milestone and boosting investor confidence.According to TKO's Monthly Return (USD) data, TKO's performance experienced a significant increase of 68.8% during February 2024. This marks an important milestone in TKO's history, demonstrating the potential of this crypto asset project and its considerable development.For more details about the V4.0 TKO whitepaper, please refer to the official <a href="https://www.tkotoken.com/">Tkotoken</a> website. Additionally, you can track TKO's price performance on platforms like <a href="https://coinmarketcap.com/currencies/tokocrypto/">CoinMarketCap</a> and <a href="https://cryptorank.io/price/tokocrypto">CryptoRank</a>.