The number of crypto asset consumer accounts in Indonesia reached\n2cap2.93 million as of July 2026, with transaction values throughout\nJanuary-July 2026 amounting to approximately Rp171.12 trillion. This\ngrowth has intensified focus on strengthening the local crypto\necosystem, ensuring consumer protection, and preventing the use of\nillegal platforms.<\/p>\n
These issues were discussed during the Indonesia Digital Financial\nEconomic and Finance Festival (FEKDI) x Indonesia Fintech Summit &\nExpo (IFSE) 2026, which brought together regulators, digital finance\nindustry players, and digital talent.<\/p>\n
William Sutanto, CEO of Indodax and Secretary General of the\nIndonesian Blockchain Association (ABI), stated that the large user base\nand the economic value generated indicate that the crypto industry\ncontinues to expand. However, the borderless nature of cryptocurrency\nallows the public to access platforms from various countries.<\/p>\n
\u201cThe crypto industry holds great economic potential and is currently\nstill developing. Crypto is borderless in character, meaning the public\ncan access various exchanges from anywhere,\u201d William said in a press\nrelease on Saturday (27\/9\/2026).<\/p>\n
According to William, this condition makes public literacy regarding\nlicensed platforms and the risks of using illegal platforms essential.\nHe also believes that associations, regulators, exchanges, and industry\nplayers need to build a healthy competitive environment.<\/p>\n
\u201cFirst, certainly literacy for the public, including explaining which\nplatforms are licensed in Indonesia and the risks incurred when using\nillegal platforms. Furthermore, associations, regulators, exchanges, and\nindustry players need to continue discussing how to create a healthy\nlevel playing field,\u201d he added.<\/p>\n
In the same forum, the Chair of the OJK Board of Commissioners,\nFriderica Widyasari Dewi, stated that digital financial innovation needs\nto move from the experimental stage towards implementation that provides\nbenefits to the real economic sector.<\/p>\n
OJK continues to provide space for the development of digital asset\ninnovation through the regulatory sandbox mechanism. Based on statements\nin the forum, several business models have undergone this process,\nincluding the tokenisation of gold, government securities, property,\nstablecoins, digital financial asset custody, and crypto asset\nfunds.<\/p>\n
This development shows that the use of blockchain technology is\nbeginning to expand beyond crypto asset trading. The tokenisation of\nReal World Assets (RWA), for example, allows physical assets to be\nrepresented in the form of tokens based on blockchain technology.<\/p>\n
According to OJK, this technology has the potential to increase\nefficiency, transparency, and liquidity, as well as expand access to\nfinancial products.<\/p>\n
Friderica stated that the development of digital innovation needs to\nbe supported by four pillars: governance and regulation, cybersecurity\nand consumer protection, digital talent development, and\ninter-institutional synergy in the development of digital finance.<\/p>\n
Indodax believes that the development of blockchain-based innovation\nmust be accompanied by the strengthening of regulation, security,\nliteracy, and communication between regulators and industry players.\nSuch steps are deemed vital as the number of crypto asset users grows\nand digital asset innovation evolves.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/crypto-market-expanding-national-ecosystem-needs-strengthening-1790495669", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }