DIGIVESTASI - The Commodity Futures Trading Supervisory Agency (Bape Buti) of the Ministry of Trade (MOT) is taking strategic steps to strengthen the development of crypto assets in Indonesia with the establishment of the Crypto Asset Agency. 

This initiative is a major step in supporting Indonesia's crypto industry. The committee formed consists of various stakeholders such as Bappebti, related ministries, institutions, crypto exchanges, crypto asset clearing houses, crypto asset sector organizations, academics, practitioners, and related organizations. 

Indo-Dax is the first exchange in Indonesia to respond positively to this move. Indodax CEO Oscar Darmawan expressed his support for Bappebti's efforts. “With the formation of the Crypto Asset Agency, Bape Buti has shown a strong commitment in establishing a clear and orderly framework for the crypto asset industry in Indonesia. This will provide a great boost to the country's growth,” Oscar said in a radio broadcast statement on Thursday (5/9). 

He said IndoDax as a player in Indonesia's crypto asset trading industry has long supported the development of a reliable crypto asset market. Through its platform, Indodax has provided crypto asset trading services that are safe, transparent, reliable and compliant with applicable regulations. 

“Cryptocurrency Commission Optimization is a collaborative effort with stakeholders, including crypto asset exchanges, industry associations, and regulatory bodies, as a form of balanced framework between innovation and risk management.” The establishment of the Crypto Asset Committee is in line with Indodax's vision to create a better environment for crypto asset trading in Indonesia. Indodax believes that collaboration between industry and government is the key to building a thriving crypto asset ecosystem. 

“We are committed to supporting regulatory measures that aim to increase security, trust, and public participation in crypto asset trading,” he added.  

Indodax also recognizes the importance of the Cryptocurrency Commission's role in providing the public with a better understanding of blockchain technology and crypto assets. 

Speaking about IndoDax Academy, Oscar said it provides education and understanding of crypto assets and has a positive impact on the industry as a whole. Furthermore, we intend to work closely with stakeholders to provide constructive contributions and suggestions for the development of Indonesia's crypto asset industry. “We believe the public-private sector synergy will be very beneficial for the country's crypto ecosystem,” he said.

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