Coinbase Suspend Trading of Badger DAO and Shiba Inu Citing Regulatory Requirements

Coinbase will suspend trading of Badger DAO and Shiba Inu. This decision affects users worldwide, not just those in Indonesia.

According to Pluang, a financial application managed by PT Bumi Santosa Cemerlang, the suspension is due to regulatory requirements. The company's mission is to provide access to various asset classes through micro-investment products for Indonesians.

The regulatory framework for US Stocks, ETFs, and Options is facilitated by PT PG Berjangka as a Derivatives Broker. Indonesian Stocks are licensed and supervised by the Financial Services Authority of Indonesia (OJK). Crypto Assets and Digital Financial Asset Derivatives are facilitated by PT Bumi Santosa Cemerlang.