Oscar Darmawan, Chairman of Indodax, expressed his positive response to the presence of this regulation. He described the government’s official recognition as a significant momentum for the development of the blockchain ecosystem in the country.
“It’s not just recognition, but a statement that the country is here to support the growth of technology that brings transparency, efficiency, and decentralization in various aspects of life,” said Oscar in a written statement on Friday (4/7/2025).
He also emphasized that the main strength of blockchain is not only cryptocurrencies, but also building a trust infrastructure without depending on central authorities.
“This regulation paves the way for broader exploration — from transparent social assistance distribution to an accountable food supply chain system,” he said.
Oscar praised the government’s risk-based approach. According to him, the specific risk classification actually helps industry players understand their legal position from the beginning, without getting caught up in lengthy bureaucracy.
“This will lower entry barriers for innovators and local startups,” explained Oscar.
“Many young developers were previously hesitant due to uncertain regulations. Now they have a solid legal foundation.”
