Oscar Darmawan, Chairman of Indodax, expressed his positive response to the new regulation. He sees the government’s official recognition as a crucial moment for the development of the blockchain ecosystem in the country. According to Oscar, this acknowledgment signifies that the state is committed to supporting the growth of technology that brings transparency, efficiency, and decentralization to various aspects of life.
He emphasized that the main strength of blockchain lies not only in cryptocurrencies but in building a trust infrastructure without relying on a central authority. The regulation paves the way for broader exploration, from transparent distribution of social assistance to accountable food supply chain systems.
Oscar praised the government’s risk-based approach, stating that specific risk classifications actually help industry players understand their legal position from the outset, without getting caught up in lengthy bureaucracy. This, in turn, reduces barriers for local innovators and startups.
Many young developers were previously hesitant due to uncertain regulations, but now they have a solid legal foundation to build upon.
