The Indonesian crypto ecosystem is witnessing explosive growth. Pintu, a leading exchange platform, recently reached 10 million app downloads, with its derivatives product Pintu Futures recording remarkable month-over-month growth of 170%. This surge in adoption was showcased at Coinfest Asia 2025, where industry leaders debated the future of the market and potential regulations. The conversation centered on whether stablecoins should be a cornerstone of Indonesia’s digital economy. Concerns were raised about excessive reliance on US-dollar backed stablecoins while exploring ways to leverage the Indonesian rupiah in the growing crypto landscape. [Alex Chandra, Public Policy & Government Relations Strategist], who brings extensive expertise in tech regulation and data privacy, sheds light on these dynamics in an exclusive interview with Coinpedia. [This interview section provides insights into the OJK’s regulatory changes, CFX exchange launch, the impact of stablecoins on the Indonesian market, and potential for a Digital Rupiah integration]. Indonesia’s crypto landscape is undergoing significant transformation as regulations tighten. With the shift from BAPPEBTI to OJK oversight, exchanges face stricter compliance demands. These include demonstrating bank-level governance in areas like client funds, cybersecurity systems, and internal controls. [The interview with Alex Chandra further explores these regulatory challenges faced by the platforms]. On stablecoins, while the industry debates their role in Indonesia’s crypto ecosystem, experts argue for a balance between market stability and innovation. Some believe CFX exchange can help build trust in the sector through its centralized trading model. As Bank Indonesia works on the Digital Rupiah, the potential impact on stablecoin usage remains a point of contention. [Insights into the debate regarding stablecoins and their relationship with the Indonesian rupiah] The interview also delves into Indonesia’s evolving tax regime. This includes eliminating VAT and introducing a new final income tax rate of 0.21%. While this reform promises greater investor certainty, experts remain concerned about its potential to push trading offshore. The interview concludes by emphasizing the importance of navigating the balance between regulatory support and fostering innovation in the blockchain space. **[This part summarizes key insights from the interview and discusses the overall impact of these changes on the crypto sector]**.