JAKARTA - As global trends increase in building an increasingly regulated and trusted crypto asset ecosystem, Indonesia's collaborative regulatory model has received positive attention on the international stage of TOKEN2049. PT Central Financial X (CFX), the first crypto asset exchange in Indonesia and the only licensed by the Financial Services Authority (OJK), explained how this approach has encouraged the growth of the national crypto asset industry and made Indonesia potentially a crypto asset trading center in Southeast Asia.
President Director of CFX Subani explained that this moment was used to introduce the advantages of the Indonesian crypto asset industry in the eyes of the world. According to him, Indonesia has a competitive advantage that lies in an accommodative and collaborative regulatory framework as well as a complete crypto asset ecosystem with the presence of OJK as a regulator, CFX Exchange, clearing institutions, custodian institutions, and Digital Financial Asset Traders as trade organizers.
"The participation in TOKEN2049 is also a manifestation of the CFX Exchange's commitment to advancing the Indonesian crypto asset industry. We want to show global crypto asset industry players that Indonesia has great potential to become a crypto asset trading center in the Southeast Asia region," said Subani in Singapore, Thursday, October 2.
Subani assessed that Indonesia's collaborative regulatory approach is in line with global market trends, which are now moving from an unregulated crypto asset environment to an increasingly regulated and trusted ecosystem. In the second quarter of 2025, the regulated local spot market managed to record growth of 6.9 percent, inversely proportional to the unregulated global spot market, which actually decreased by 27.7 percent in the same period.
Trust in this regulated domestic market is directly correlated with the surge in the number of consumers of crypto assets. OJK data shows that the number of consumers of crypto assets has reached 16.5 million as of July 2025. This figure has increased by 27.10 percent compared to the position at the end of January 2025 which has only reached 12.9 million.
Subani emphasized that all of these impressive achievements still occur in the early stages of industrial growth which at the same time show that there is still a very wide open space for future growth. Therefore, the CFX Exchange will focus on deepening the market through the development of various added-valued products and expanding the use case of crypto assets.
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"We will encourage innovation in making crypto assets a wider digital financial solution, such as rupiah-based stablecoins to increase liquidity and use cross-border remittance transactions, as well as optimize the use of crypto assets as collateral in making loans," added Subani.
Opportunities for global investors to participate are very wide open, supported by supportive regulations that allow foreign individuals and entities to invest in the Indonesian crypto asset market. The presence of the CFX Exchange at TOKEN2049 is expected to attract global industry players not only to see Indonesia as a transaction market, but also to be part of the ecosystem and actively participate in the development of the national crypto asset industry.
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