Binance’s Indonesian subsidiary, Tokocrypto, has secured a full Physical Crypto Asset Trader (PFAK) license from the Commodity Futures Trading Regulatory Agency (Bappebti). Tokocrypto, which Binance acquired in late 2022, is now the third exchange to earn this license. This move aligns with Indonesia's new regulatory framework requiring crypto exchanges to register with the Commodity Future Exchange (CFX), reflecting the country’s growing demand for digital assets.