INDODAX Supports CoFTRA Forms Crypto Asset Commission For Ecosystems In Indonesia

INDODAX CEO, Oscar Darmawan. (Photo: Doc. INDODAX)

JAKARTA - The Commodity Futures Trading Supervisory Agency (CoFTRA) of the Ministry of Trade is taking strategic steps to continue to strengthen the development of crypto assets in Indonesia. As a form of CoFTRA's commitment to developing crypto asset trading in Indonesia, this time CoFTRA formed the Crypto Asset Committee.

The committee formed is from several backgrounds. Among them, CoFTRA, related ministries and institutions, crypto asset exchanges, and crypto asset clearing institutions. In addition, there are associations in the fields of crypto assets, academics, practitioners, and related associations.

As the first exchange in Indonesia, INDODAX welcomes this step as one of the important breakthroughs in the development of the crypto asset industry in Indonesia.

Oscar Darmawan, CEO of INDODAX, expressed his support for this CoFTRA initiative.

"With the establishment of the Crypto Asset Committee, CoFTRA has shown a strong commitment in creating a clear and regular framework for the crypto asset industry in Indonesia. This step is very positive and is a big impetus for the growth of the crypto asset ecosystem in the country," said Oscar, in his statement, Thursday 9 May.

INDODAX, as a actor in the crypto asset buying and selling industry in Indonesia, has long been a supporter of the development of a trusted crypto asset market. Through its platform, INDODAX has provided a secure, transparent, reliable, and crypto asset trading service in accordance with applicable regulations.

"In my opinion, the Optimization of the Crypto Asset Committee is a collaborative effort with stakeholders, including crypto exchanges, industry associations, and regulatory institutions, this is a balanced form of framework between innovation and risk management," explained Oscar.

The formation of the Crypto Asset Committee is in line with INDODAX's vision to create a better crypto asset trading environment in Indonesia.

"We believe that collaboration between industry and the government is the key to success in creating a sustainable crypto asset ecosystem. We are committed to continuing to support regulatory measures aimed at increasing security, trust, and public participation in crypto asset trading," he added.

INDODAX also recognizes the importance of the role of the Crypto Asset Committee in providing a better understanding of blockchain technology and crypto assets to the public.

"Through the INDODAX Academy, we provide better education and understanding of crypto assets to have a positive impact on the industry as a whole. In addition, we are ready to collaborate with related parties in providing constructive input and suggestions for the advancement of the crypto asset industry in Indonesia. We believe that the synergy between the public and private sectors will bring great benefits to the crypto asset ecosystem in this country," said Oscar.

The establishment of the Crypto Asset Committee marks an important step in supporting the growth and development of the crypto asset industry in Indonesia. INDODAX is committed to continuing to be part of this process and will continue to support the government's efforts to create a healthy and growing crypto asset trading environment in Indonesia.