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Collaborating with the ICH Clearing House, Tokocrypto Increases Investor's Sense of Security
Collaborating with the ICH Clearing House, Tokocrypto Increases Investor's Sense of Security
Thursday, 27 May 2021

Liputan6.com, Jakarta - Tokocrypto has just announced a collaboration with the Indonesia Clearing House (ICH), the official clearing agency for reporting and registering crypto assets traded or stored by traders.

As for functions, ICH is the guarantor and settlement of transactions including the risk management center for transactions that have occurred on the Indonesia Commodity & Derivatives Exchange (ICDX) since 2009.

Through this collaboration, COO Tokocrypto, Teguh Kurniawan Harmanda said that his company wanted to show concrete steps to ensure crypto-asset transactions carried out on its platform were under the supervision of the related official clearinghouse.

"It is also in line with the provisions set by BAPPEBTI, so it is hoped that it can provide a sense of security and foster investor confidence in transacting in Indonesia," he said in an official statement received, Tuesday (25/5/2021).

This form of collaboration is carried out by reporting every day of the ownership records of crypto assets that are traded and stored in real-time at Tokocrypto at the ICH clearinghouse.

Meanwhile, ICH will later prepare an electronic system related to the guarantee and settlement of the physical market for crypto assets. This is in line with BAPPEBTI Regulation No.5 / 2019 concerning Technical Provisions for the Implementation of the Physical Crypto Asset Market in the Futures Exchange.

"We welcome Tokocrypto's initiative to build a safer crypto-asset investment ecosystem, as well as being the first crypto asset trader to collaborate with ICH," said the President Director of ICH, Nursalam.

For information, Tokocrypto continues to strive to build a sense of security and investor confidence. This is demonstrated by an information security management system that is ISO 27001 and ISO 27017 certified for information security in the cloud.

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