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CREO Token Ready to Enliven the Indonesian Crypto Industry
  • creoengine

CREO Token Ready to Enliven the Indonesian Crypto Industry

The market share of digital currency or cryptocurrency in Indonesia is increasingly attractive. At the end of June 2023, the Futures and Commodity Trading Supervisory Agency (Bappebti) issued the latest regulations regarding crypto asset trading in Indonesia.

In this regulation there is a new list of crypto assets that are legal and may be legally traded in the country. A total of 501 crypto assets are now listed in CoFTRA Regulation (PerBa) Number 4 of 2023 concerning Establishment of a List of Crypto Assets to be Traded on the Physical Crypto Asset Market.

One of the crypto assets made by the nation’s children, $CREO, was successfully added at number 496 as a legal crypto asset that successfully passed Bappebti’s stringent tests in 2023. This latest PerBa is a change to PerBa No. 11 of 2022, where as many as 383 crypto assets are in the form of coins or tokens foreign and local, listed as a legitimate crypto asset.

CREO Founder

Creo Engine is the company behind the $CREO local token, a company providing a Web3-based gaming platform echoed by CEO, Javier Tan and CTO, Darrell Wijaya. Both are also the founders of the Creo Engine project.

Javier Tan said that his party is committed to making a positive contribution to the development of digital currency technology and investment in the country.

“The presence of $CREO can certainly be an alternative to the work of the nation’s children and can also make a positive contribution to the crypto world,” said Javier in a press release, Monday (26/6/2023).

Javier added, the presence of $CREO can certainly provide Indonesian digital currency investors with choices regarding instruments that can provide positive results.

Javier also explained that since January 2022, $CREO has passed audit tests by Certik, a leading ranking platform that focuses on analyzing and monitoring blockchain and DeFi (Decentralized Finance) projects. $CREO then conducted an Initial DEX Offering (IDO) in the period March to April 2022, and was officially listed on the MEXC and Pancake Swap trading platforms in May 2022.

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