The final phase, which is the strengthening phase, will prioritize sustaining and innovating within the crypto sector. During this phase, OJK plans to support the normal functioning of crypto trading activities, introducing new products and services that cater to the growing needs of society. This phase aims to build a robust and dynamic market environment.

Hasan Fawzi stressed that while digital assets, including cryptocurrencies, present significant potential to drive innovation in the financial sector and enhance transaction efficiency, they also come with inherent risks. These risks include market volatility, the potential for misuse in illegal activities, and the threat to the stability of the broader financial system. Effective regulation and oversight are key to managing these challenges.

Tirta Karma Senjaya, the Head of Bappebti, acknowledged the positive contributions of crypto assets to the national economy. He highlighted that OJK’s sandbox initiative would provide a broader platform for innovation in the crypto ecosystem, promoting growth and technological advancement.

Robby, the Chairman of the Indonesian Crypto Asset Traders Association (Aspakrindo), reaffirmed the industry’s commitment to expanding the crypto ecosystem in a responsible and accessible manner. He emphasized the importance of investor security, underscoring that strong regulations and tight supervision are essential for creating a healthy and sustainable crypto market. (Uki Ruknuddin)

 

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