Upbit Indonesia Appoints Head of Operations to Enhance Consumer Protection

Upbit Indonesia has appointed Irvan Tisnabudi as its new Head of Operations, signaling a commitment to bolstering the company's operational framework and fostering user-centric innovation. In his new role, Tisnabudi will oversee critical areas including security, governance, compliance, risk management, and the development of new user-focused features.

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The growth of the crypto asset industry must be accompanied by increasing consumer protection standards. People need to be able to distinguish between platforms that apply top-tier standards and those that do not. Crypto investment already has high price volatility; there should not be additional risks like hacking or asset exploitation.

This strategic appointment underscores Upbit Indonesia's dedication to supporting a secure and sustainable growth trajectory for the digital asset industry. Tisnabudi highlighted the increasing adoption of crypto assets necessitates a parallel strengthening of consumer protection measures. "The growth of the crypto asset industry must be accompanied by increasing consumer protection standards," he stated. "People need to be able to distinguish between platforms that apply top-tier standards and those that do not. Crypto investment already has high price volatility; there should not be additional risks like hacking or asset exploitation."

Tisnabudi pointed out that while easier access to crypto services offers more choices, it also elevates the risks associated with illegal and low-quality platforms. "Many people still entrust their funds to unlicensed and low-quality platforms, blinded by promises of high returns without considering the associated risks," he explained. "The risks faced are not just losing assets but also minimal protection when problems arise. Therefore, we continue to urge the public to choose platforms that meet Indonesian regulatory standards, so they can trade and invest with peace of mind and still sleep soundly at night."

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Many people still entrust their funds to unlicensed and low-quality platforms, blinded by promises of high returns without considering the associated risks. The risks faced are not just losing assets but also minimal protection when problems arise. Therefore, we continue to urge the public to choose platforms that meet Indonesian regulatory standards, so they can trade and invest with peace of mind and still sleep soundly at night.

As Head of Operations, Tisnabudi will ensure Upbit Indonesia's processes align with both global standards and prevailing Indonesian regulations. "At Upbit Indonesia, we believe trust is built through high operational and global standards," he said. "We also apply the highest standards in operating a top-tier exchange that complies with world-class standards. We are continuously strengthening security, governance, compliance, and risk management; and in parallel, we are also continuously innovating so as not to fall behind."

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At Upbit Indonesia, we believe trust is built through high operational and global standards. We also apply the highest standards in operating a top-tier exchange that complies with world-class standards. We are continuously strengthening security, governance, compliance, and risk management; and in parallel, we are also continuously innovating so as not to fall behind.