A crypto asset based on the decentralized finance (DeFi) system, Tadpole Finance (TAD), is now officially allowed to be transacted in Indonesia. This follows the inclusion of TAD in the latest list of officially licensed crypto assets from BAPPEBTI.

Tadpole Finance CEO Wildan Ramadhan said, with the inclusion of TAD in the list of crypto assets under BAPPEBTI’s supervision in accordance with SK number 11 of 2022, blockchain developers and investors in Indonesia can use the token more safely.

“We are grateful and proud to have entered the list of BAPPEBTI crypto assets that can be traded in Indonesia. This will certainly increase public confidence in our products,” he said in his statement.

He further reported that currently Tadpole Finance has a market capitalization of more than IDR 17 billion at a price of around IDR 31,000 per token. Based on coinmarketcap data, TAD is currently ranked as the 1,435th largest market cap.

“In the future, Tadpole Finance plans to develop its business by developing various other 3 web products,” said Wildan.

Currently, investors can transact TAD through the crypto platform, Indodax. Wildan hopes that TAD can maximize the potential of large investors in Indodax.

Meanwhile, Indodax CEO Oscar Darmawan said he was happy with the determination of the crypto list that was just released by BAPPEBTI as the regulator of the crypto market in Indonesia. According to him, this is a breath of fresh air for the growth of the crypto industry in the country.

“I hope that more native Indonesian tokens can enter this list in order to encourage and strengthen the crypto and blockchain ecosystem in Indonesia,” he said.

This article has been published on Kompas.com

In efforts to create a culture that cares about the environment, a crypto trading platform Indodax, has just formed a partnership with Jangjo, a modern waste management start-up company, for its Corporate Social Responsibility (CSR) program.

Indodax CEO Oscar Darmawan, said that Indodax will strive to apply the principles of Environmental, Social, and Governance (ESG), especially for the environmental purposes, where this issue is currently being discussed.

“The issue of Environmental, Social, and Governance (ESG) is an important topic that is often discussed. Therefore, Indodax held a CSR program that focuses on environmental issues. The agenda for this program is the transportation of sorted waste from the Indodax office, that Jangjo can take for the recycling process.” Oscar said.

CEO and co-founder of Jangjo, Joe Hansen, said that this collaboration was built because of the issue of national waste. Based on data compiled from the Ministry of Environment and Forestry (KLHK), the total national waste in 2021 will reach 68.5 million tons, of which 17 percent (11.6 million tons) is a type of plastic waste.

“With suboptimal management and unsegregateted waste causes waste to accumulate in the Final Disposal Site (TPA). In Jabodetabek itself, I see the Bantargebang TPA will exceed its capacity in the near future. We need to move together to solve this problem, it’s as simple as starting to sort it out. Sorting can be a solution to reduce waste sent to landfill, to increase the amount of waste that is recycled,” said Joe Hansen.

Seeing this conditions, Indodax was decided to cooperate with Jangjo and carry out a CSR program for an environmental purpose, especially in waste management.

“We, Indodax, believe that the company is not just pursuing profit. A good company is a company that also cares about the environment and cares about the social environment around it. I think it’s very important for us to start real action, to make the environment even better. We at Indodax believe that every small step we start can have a big impact on our environment,” concluded Oscar Darmawan.