Upbit Indonesia Appoints New Head of Operations to Bolster Consumer Protection
Upbit Indonesia has announced the appointment of Irvan Tisnabudi as Head of Operations. In his new role, Irvan will lead the strengthening of the company’s operations, including security, governance, compliance, risk management, and the development of user-oriented innovation.
The appointment is part of Upbit Indonesia’s commitment to supporting the growth of a safe and sustainable digital asset industry. According to Irvan, the increasing adoption of crypto assets must be accompanied by stronger consumer protection.
“The growth of the crypto asset industry must be accompanied by rising consumer protection standards. The public needs to be able to distinguish and sort between platforms that apply top-tier standards and those that do not. In crypto investment, price volatility is already high; there should be no additional risks such as hacking or asset exploitation,” Irvan Tisnabudi said in a press release on Friday (14/8/2026).
The ease of accessing crypto asset services provides more choices for the public, but also increases the risk of using illegal and low-quality platforms.
“Many people still entrust their funds to unlicensed and low-quality platforms. The public is still blinded by promises of high returns without paying attention to the risks that come with those returns. The risks faced are not only loss of assets, but also the lack of protection when problems arise. Therefore, we continue to encourage the public to choose platforms that meet regulatory standards in Indonesia, so they can trade and invest calmly, and still sleep soundly at night,” he explained.
Therefore, the public needs to check the legality, operational quality, security systems, and user protection mechanisms before choosing a crypto asset platform.
As Head of Operations, Irvan will ensure that Upbit Indonesia’s operational processes remain aligned with global standards and regulations applicable in Indonesia.
“At Upbit Indonesia, we believe that trust is built through high operational standards and global standards. We also apply the highest standards in running a top-tier exchange business in line with the world’s top exchanges. We continue to strengthen security, governance, compliance, and risk management; and in parallel we also continue to innovate so as not to fall behind on this front,” he said.
Upbit Indonesia views that the development of blockchain technology and on-chain-based systems will become increasingly connected with various financial services. However, such innovation still needs to be supported by strong supervision, governance, and security.
“The development of the crypto industry is moving very fast and will gradually reach more and more people. We believe innovation and consumer protection must go hand in hand. Going forward, more aspects of traditional finance will migrate to on-chain, and Upbit continues to deliver new technology and products in a balanced manner while keeping security, compliance, and user interests as the top priority,” Irvan continued.
Upbit Indonesia is also committed to collaborating with the Financial Services Authority (OJK) and other stakeholders in building increasingly solid digital asset industry standards.
“We are ready to be a partner to OJK and have so far acted not only as a trader but also as an adviser and provider of input to all stakeholders in building increasingly solid digital asset industry standards. Through collaboration between regulators and industry players, we hope the Indonesian public can enjoy access to global innovation and investment instruments with better protection, and can sort out and avoid misguided and low-quality products,” Irvan said.
With its large market and level of digital service adoption, Indonesia is considered to have the potential to become one of the growth centres for the digital asset industry in the region.
“Indonesia has a great opportunity to become one of the centres of the digital asset economy in the regional area because of its large market size and strategic position. To achieve this, innovation must go hand in hand with good governance, so that the industry can grow healthily while providing optimal protection for consumers,” Irvan said.
Through the appointment of Irvan Tisnabudi, Upbit Indonesia hopes to strengthen the company’s operational quality while contributing to the growth of a safe, innovative, and trustworthy digital asset industry in Indonesia.