Oscar Darmawan, Chairman of Indodax, expressed his positive reception towards the presence of this regulation. He referred to the government’s official recognition as a crucial momentum for the development of the blockchain ecosystem in the country. According to Oscar, the recognition is not just a formality, but a statement that the country is there to support the growth of technology that brings transparency, efficiency, and decentralization in various aspects of life.
He also emphasized that the main strength of blockchain is not only in cryptocurrencies, but in building a trust infrastructure without relying on central authorities. The regulation paves the way for broader exploration – from transparent social assistance distribution to accountable food supply chain systems, he added.
Oscar praised the government’s risk-based approach. He believes that specific risk classifications actually help industry players understand their legal position from the beginning, without getting caught up in lengthy bureaucracy. This, in turn, will lower entry barriers for innovators and local startups.
“Many young developers were previously hesitant due to uncertain regulations. Now, they have a solid legal foundation to stand on,” explained Oscar.
