Regulator and industry synergy key to strengthening digital assets in Indonesia

The growth of Indonesia's digital financial asset industry hinges on enhanced coordination between regulators, infrastructure providers, and business actors, particularly in adapting to new regulations. Fostering dialogue among stakeholders is deemed essential to ensure the industry's expansion aligns with strengthened governance, transparency, and user protection.

This was a key theme during events organized by the Central Finansial X (CFX) ecosystem, PT Kliring Komoditi Indonesia (KKI), and PT Kustodian Koin Indonesia (ICC) on the sidelines of Coinfest Asia 2026 in Bali. These activities, including the CFX Seaside Mixer and CFX Cryptalk Vol. 2.0, brought together regulators, legislators, exchange, clearing, and custodian infrastructure providers, digital financial asset traders, technology providers, and institutional investors.

CFX Cryptalk Vol. 2.0, themed "Synergy for Integrity," addressed challenges faced by industry players in aligning their business activities with the provisions of the Financial Sector Development and Strengthening Law (UU P2SK). CFX President Director Subani highlighted the forum as a vital space for industry participants to voice regulatory implementation issues and engage with policymakers.

"This second CFX Cryptalk serves as a two-way discussion space between us as infrastructure providers and our members, also observed by OJK and Commission XI of the House of Representatives. The discussions and interactions covered the implications of the UU P2SK on daily business activities, dynamics, challenges, and questions faced by industry players in responding to regulatory adjustments," Subani stated. The CFX Seaside Mixer provided a networking platform for stakeholders to discuss industry developments and collaboration opportunities.

Discussions also covered stablecoin developments, transaction settlement models, and institutional readiness for digital asset advancements. CFX, KKI, and ICC representatives participated in Coinfest Asia 2026 panels on "Stablecoins in Asia: From Crypto Settlement to Real Corporate Payments" and "Stablecoins, Settlement Models and Institutional Readiness." Subani emphasized that industry strengthening relies not only on infrastructure but also on business actors' understanding of regulations and technological advancements. "CFX not only focuses on the reliability of BKK infrastructure but also consistently carries out its mandate of education and literacy to solidify our position as the industry's main benchmark. Through stakeholder synergy and integrated system readiness, we are optimistic about making Indonesia's digital financial asset industry more trusted, transparent, and competitive," he added.