JAKARTA - Entering its 12th year, INDODAX sees the Indonesian crypto industry entering a new phase that is increasingly mature. If a decade ago the main focus was still around user growth and transaction volume, now attention is beginning to shift towards more fundamental aspects such as governance, literacy, consumer protection, and the sustainability of the ecosystem to contribute to the national economy.
This phase change is the common thread in the "Indodax 12th Years Anniversary: On Chain, Forever Forward" event. INDODAX brings together regulators, industry players, and public figures in one forum to discuss the future direction of the Indonesian crypto industry openly and constructively.
INDODAX CEO, William Sutanto, said that the current industrial phase is a consolidation period that requires a more structural and long-term approach.
"Entering the 12th year, we see the Indonesian crypto industry beginning to enter a phase of consolidation and maturity. The challenge is no longer about building awareness, but how to build long-term trust through strong governance, continuous education, and close collaboration with regulators and the community," said William, in a statement, Monday, March 2.
According to William, this consolidation phase requires industry players to strengthen the aspects of security and transparency as the main foundation.
"This year we prioritize strengthening security by increasing investment in IT security. In line with this, we also raise the standard of transparency, one of which is through the publication of Proof of Reserves as a form of commitment to openness to members. We take this step to ensure that public trust remains maintained in various market cycles, so that members can transact safely, comfortably, and sustainably," he added.
The focus was also highlighted in the "The Future of Crypto" panel discussion session with the Chairman of Commission XI of the Indonesian House of Representatives, Mukhamad Misbakhun, and the CEO of Malaka & Content Creator, Ferry Irwandi.
From the policy side, the development of crypto is considered to be placed within the framework of the development of national digital financial infrastructure. Rapid growth in adoption must be balanced with adaptive regulations, community protection, and a credible reporting and governance system under the supervision of the Financial Services Authority (OJK).
Misbakhun explained that the government took a facilitative approach to this industry.
"This crypto is basically an infant industry or a young industry that needs to be given room to grow and a grace period. Through the P2SK Law and democratic spaces such as the regulatory sandbox, the state is not there to prohibit, but to facilitate innovations such as the tokenization of real-world assets to continue to run within the protocol. consumer protection and anti-money laundering," he said.
From a public perspective, the challenges that arise are not only about market volatility, but the quality of public understanding. Narratives dominated by hype, speculation, and short-term orientation have the potential to hinder the process of maturing the digital asset industry in Indonesia.
Ferry Irwandi revealed that the main challenge is that people still make crypto as a mere speculation tool and look for instant profit signals, ignoring the blockchain innovation behind it.
"Therefore, the task of influencers is not only to sell a sweet narrative and the probability of profit, but it is mandatory to educate the fundamentals and risk management in this volatile market," said Ferry.
This confirms that collaboration between regulators, industry players, and public figures is key in strengthening the crypto ecosystem. Innovation needs to continue to be encouraged, but remain within the corridor of strong governance, adequate literacy, and consumer protection principles. With these foundations, Indonesia is at an important momentum to determine the direction of a more credible and competitive crypto industry at the regional level.
Through this momentum, INDODAX emphasizes its commitment to strengthening public education, improving security and compliance standards, and playing an active role in encouraging a more mature, inclusive, and sustainable Indonesian crypto industry.
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