Indodax: Cooperation With CoFTRA Creates An Innovation Friendly Ecosystem

Indodax CEO Oscar Darmawan, Jakarta. BETWEEN/HO-Indodax

JAKARTA - Indodax CEO Oscar Darmawan believes that close cooperation with the Commodity Futures Trading Supervisory Agency (CoFTRA) can create a ecosystem that is friendly to innovation and new technology.

"We believe that with close cooperation between CoFTRA and other stakeholders, we can create an ecosystem that is friendly to innovation and new technology, which will ultimately provide great benefits for the Indonesian people as a whole," he said as quoted by ANTARA, Saturday, May 25.

There are seven mitigation steps taken by CoFTRA in overseeing the optimization of the crypto asset ecosystem to provide comfort and security for the community.

Starting from implementing regulations or policies that comply with the provisions, completing the process of Candidates for Physical Traders of Crypto Assets (CPFAK) to Physical Traders of Crypto Assets (PFAK), developing crypto products, contributing crypto asset trading to state revenues, strengthening collaboration with relevant stakeholders, applying the principles of Know Your Customers (KYC), to inclusion and literacy of crypto assets.

"How important is the cooperation between crypto asset trading platforms such as Indodax and CoFTRA to create a safe, reliable, and sustainable trading environment. We are committed to always complying with existing regulations and working with CoFTRA to create a safe and reliable trading environment," said Oscar.

He hopes that the crypto asset industry in Indonesia can grow healthy and make a positive contribution to the national economy.

"Indodax together with CoFTRA and other stakeholders will continue to strive to improve literacy, security, and convenience in transacting crypto assets," he said.