Jakarta, November 22, 2024 — Mobee, one of Indonesia’s fastest growing crypto asset exchanges, has reached a major milestone in regulatory excellence by securing the essential Physical Crypto Asset Trader (PFAK) license from the country’s Commodity Futures Trading Regulatory Agency (Bappebti).

As only the seventh crypto asset exchange to obtain full licensing in Indonesia, Mobee sets itself apart in a competitive market where over twenty prospective exchanges are still navigating the rigorous application process, awaiting Bappebti’s approval.

“Securing our PFAK license is a defining moment for Mobee,” said Andrew Tjahyadikarta, CEO and Co-Founder of Mobee. “It reflects our dedication to upholding the highest standards of compliance and transparency, enabling sustainable growth, and positioning Mobee as a trusted partner of choice in this fast-evolving digital asset space.”

The PFAK license is Indonesia’s highest regulatory standard for the crypto industry. It mandates strict anti-money laundering (AML) measures, robust Know Your Customer (KYC) protocols, and stringent asset security requirements to safeguard investors and maintain market integrity.

“Mobee is committed to championing strong regulatory frameworks, giving our customers the confidence and peace of mind to invest in digital assets securely,” said Jeff Pradana, CIO and Co-Founder of Mobee. “This license is a testament to our unwavering focus on compliance and trust, which are core to our company’s values.”

Mobee’s mission is to become the most trusted crypto exchange in Indonesia. With the PFAK license in place, Mobee has affirmed that it is firmly on the right track while also demonstrating its position as a formidable player in Indonesia’s thriving digital assets market.

As the crypto market continues to evolve, Mobee’s leadership team remains dedicated to prioritizing compliance and security, fostering healthy industry growth, and delivering a superior trading experience to users in Indonesia and beyond.

About Mobee

Mobee is a fully licensed and regulated digital asset exchange in Indonesia and is committed to offering a secure and efficient platform for retail investors, high-net-worth individuals, and institutional clients to access the crypto market. With a strong focus on product innovation, robust compliance, and intuitive user experience, Mobee drives digital asset adoption in the region.