{
    "success": true,
    "data": {
        "id": 1586384,
        "msgid": "indodax-ceo-says-indonesian-crypto-industry-has-entered-a-maturation-phase-1772604506",
        "date": "2026-03-04 11:42:10",
        "title": "Indodax CEO says Indonesian crypto industry has entered a maturation phase",
        "author": "",
        "source": "VIVA",
        "tags": "bisnis",
        "topic": "Regulation",
        "summary": "The Indonesian crypto sector is entering a consolidation and maturation phase, with emphasis on governance, literacy, consumer protection, and ecosystem sustainability, alongside stronger security and transparency measures. Lawmakers advocate a facilitative regulatory framework under the supervisor of the Financial Services Authority (OJK) and the use of tools like the P2SK Law and regulatory sandboxes to foster innovation while protecting consumers and preventing money laundering.",
        "content": "<p>Jakarta, VIVA \u2013 The Indonesian crypto industry is seen as entering a\nnewer, more mature phase. If a decade ago the main focus was on user\ngrowth and transaction volumes, attention now shifts toward more\nfundamental aspects such as governance, literacy, consumer protection,\nand the sustainability of the ecosystem as well as its contribution to\nthe national economy.<\/p>\n<p>Indodax Chief Executive Officer William Sutanto said the current\nphase is a consolidation period that requires a more structural,\nlong-term oriented approach.<\/p>\n<p>\u201cEntering the 12th year, we see the Indonesian crypto industry\nentering a phase of consolidation and maturation. The challenge is no\nlonger about building awareness, but how to build long-term trust\nthrough robust governance, ongoing education, and close collaboration\nwith regulators and the community,\u201d William said at Indodax\u2019s 12th Year\nAnniversary: On Chain, Forever Forward, as quoted in his statement,\nWednesday 4 March 2026.<\/p>\n<p>William explained that this consolidation phase requires industry\nplayers to strengthen security and transparency as foundational\nelements. This year, Indodax prioritises strengthening security by\nincreasing investment in IT security.<\/p>\n<p>\u201cAlongside this, we are also raising transparency standards, one\nexample being the publication of Proof of Reserves as a form of\ncommitment to openness to members. This step is taken to ensure public\ntrust remains intact across market cycles, enabling members to trade\nsafely, comfortably, and sustainably,\u201d he added.<\/p>\n<p>Meanwhile, Chair of Commission XI of the Indonesian House of\nRepresentatives (DPR RI) Mukhamad Misbakhun, said that policy-wise,\ncrypto developments should be placed within the broader framework of\nbuilding digital financial infrastructure nationwide. The rapid growth\nin adoption must be balanced with adaptive regulation, public\nprotection, and credible reporting and governance systems under the\nsupervision of the Financial Services Authority (OJK).<\/p>\n<p>Misbakhun explained the government takes a facilitative approach to\nthe industry. He stated that crypto is essentially an infant industry\nthat still needs room to grow and a grace period.<\/p>\n<p>\u201cThrough the P2SK Law and democratic spaces such as a regulatory\nsandbox, the state is not here to ban, but to facilitate innovation such\nas tokenisation of real-world assets so that it continues to operate\nwithin consumer protection and anti-money laundering protocols,\u201d he\nasserted.<\/p>",
        "url": "https:\/\/jawawa.id\/newsitem\/indodax-ceo-says-indonesian-crypto-industry-has-entered-a-maturation-phase-1772604506",
        "image": ""
    },
    "sponsor": "Okusi Associates",
    "sponsor_url": "https:\/\/okusiassociates.com"
}