Indodax CEO Oscar Darmawan Affirms Commitment to Strengthening the Crypto Industry in Indonesia

Indodax CEO Oscar Darmawan (photo: Instagram @oscardarmawan)

JAKARTA - Indodax CEO Oscar Darmawan said that Indodax is committed to strengthening the crypto industry in Indonesia as the crypto exchange has been inaugurated.

"One of the concrete proofs of this commitment is the award we received last year as the most compliant crypto asset exchange platform in paying taxes from the Ministry of Finance," Oscar said through an official statement in Jakarta, Thursday, August 17.

Oscar said, to keep strengthening the crypto industry, Indodax always runs its business in line with the vision and regulations of the Indonesian government. This is intended so that Indodax is able to build strong trust and a sense of security in the community as well as domestic regulators.

In addition, related to the inauguration of the crypto exchange, Oscar explained that Indodax will try to subsidize additional costs so that domestic crypto transaction costs remain affordable, so that it is not burdensome for Indonesian crypto asset traders. This is one of Indodax's commitments to help advance the crypto industry in Indonesia.

"The presence of this futures exchange does not rule out the possibility of adding to the estimated transaction costs of 0.02 percent for exchange, depository and clearing fees. However, we will as much as possible not charge additional fees to the customer. We are taking this action to ensure that our customers continue to make transactions domestically and do not run transactions overseas," he said.

Through initiatives that are considered progressive, Indodax continues to prove its important role in advancing the crypto and financial industry in Indonesia, while adhering to the values ​​of compliance, innovation and education.

In line with Oscar's opinion, Indodax CTO, William Sutanto, also considered that the company's important role for the crypto industry is to increase public literacy and understanding of the crypto world through the Indodax Academy initiative.

"Indodax Academy, an educational platform that focuses on increasing public literacy, especially generation Z, regarding crypto assets, investment and financial management. Through Indodax Academy, we hope to help create a generation that is more financially intelligent and ready to face the future with independence finances," he concluded.