Oscar Darmawan, Chairman of Indodax, expressed his positive response to the presence of this regulation. He referred to the government’s official recognition as a crucial momentum for the development of the blockchain ecosystem in the country. According to Oscar, this recognition signifies that the country is committed to supporting the growth of technology that brings transparency, efficiency, and decentralization to various aspects of life.
He also emphasized that the main strength of blockchain is not just cryptocurrencies, but also in building a trust infrastructure without relying on central authorities. Oscar stated that this 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, noting that specific risk classifications help industry players understand their legal position from the outset without getting stuck in lengthy bureaucracy. He believes that this approach will lower entry barriers for innovators and local startups.
Many young developers previously hesitated due to uncertain regulations. Now, with concrete legal grounds, they have more confidence to move forward in the industry.
