Indonesia Balances Regulation with Innovation in Crypto Ecosystem
Indonesia is taking steps to create a robust foundation for its crypto ecosystem, which has grown significantly in recent years. With over 22.69 million users as of June 2026, the country's focus is on balancing regulatory certainty with space for innovation and growth.
Oscar Darmawan, Co-Founder of INDODAX, emphasized that compliance remains crucial for institutional participation but also highlighted the need for consumer protection to go hand in hand with domestic players' ability to innovate and offer relevant products and services.
Darmawan sees the OJK regulatory sandbox as a key tool for testing new innovations before they are applied more broadly, allowing the Indonesian crypto ecosystem to develop in an orderly manner while promoting innovation acceleration.