The discourse on the formation of a crypto exchange in Indonesia has been rolling since last year. If the plan to establish an exchange is realized in 2022, this crypto exchange will be the first in the world to be regulated by a government. Deputy Minister of Trade Jerry Sambuaga said the growth of crypto assets in Indonesia is very high and has potential with the number of investors in Indonesia as of December 2021 reaching 11 million people. "Even though in 2020 there were still under 5 million people. In addition, the accumulated value of crypto asset transactions in 2021 increased to Rp. 859.45 trillion in just one year or an average of Rp. 2.3 trillion per day," To Therefore, the establishment of this crypto exchange ensures priority on consumer protection, the safety of traders or industry players, as well as consumers who make purchases.

The government through the Commodity Futures Trading Supervisory Agency (CoFTRA) wants to create a healthy ecosystem through the establishment of an exchange. This is in line with the mandate of the applicable law and prevents various illegal practices. Chairman of the Indonesian Blockchain Association Asih Karnengsih has hopes for the formation of an Indonesian crypto exchange. He hopes that the formation of the exchange will push the crypto industry even further and crypto assets will gain public trust and their functions will be developed more and more. "However, the most important thing is to continue to provide education to the public regarding crypto asset investment," he added.

PINTU Founder and CEO Jeth Soetoyo also welcomed the establishment of the Indonesian crypto exchange, this is in order to maintain the security of crypto asset traders in Indonesia, the formation of this exchange is deemed necessary to be formed in the near future. "In my opinion, there are four pillars that need to be considered, namely the stock exchange itself, the two asset traders, the third clearing house, and finally the custodian. All of them are similar to the formation of a capital market but with different responsibilities," he explained.