Time for Tiered Trade: Bappebti Classifies Digital Gold Traders by Minimum Paid-up Capital Requirements, Starting at Rp. 50 billion

Back in 2019, the Commodity Futures Trading Supervisory Agency (Badan Pengawas Perdagangan Berjangka Komoditi– “ Bappebti ”) introduced Regulation No. 4 of 2019 on Technical Provisions on the Organization of the Digital Gold Physical Market (“ Market ”)at the Futures Exchange, as amended by Regulation No. 13 of 2019 (simultaneously referred to as “ Regulation 4/2019 ”). As its title suggests, Regulation 4/2019 outlined a set of technical provisions that addressed the buying and selling of gold through the Market, as facilitated by futures exchanges or Digital Gold Physical Traders (“ Traders ”). In line with this framework, transactions and records of ownership have been administered electronically.