Reason for this visit

As Indonesia's legal currency, the Indonesian Rupee (IDR), gradually depreciates in value, more and more Indonesians prefer to hold cryptocurrencies. It is reported that 1 in 9 people in Indonesia, which also means that nearly 30 million Indonesians hold cryptocurrencies. The cryptocurrency market of Indonesia surely is a big cake for global cryptocurrency exchanges to compete for. To help investors know more about the local exchanges, the survey team will go to Indonesia for on-site visits.

On-site visit

This time the survey team will visit the cryptocurrency exchange INDODAX in Jakarta, Indonesia, with specific address at Jl. Jend. Sudirman Kav. 25, RT.10/RW.1, Kuningan, Karet, Kecamatan Setiabudi, Kota Jakarta Selatan, Daerah Khusus Ibukota Jakarta 12920.

According to the address above, the survey team went to the Sinarmas MSIG Tower. The building is home to the headquarters of the Indonesian insurance company Sinarmas MSIG. It is a grand building.

The survey team entered the building and took the elevator to the floor where the cryptocurrency exchange INDODAX is supposed to be based. The logo of the exchange could be clearly seen there and there were about three offices, but the survey team were not allowed to enter the office for a visit.

Conclusion

The survey team went to Jakarta, Indonesia to visit the cryptocurrency exchange INDODAX, and found the exchange’s physical business premise at the public business address. There were about three offices, but the survey team were not allowed to enter the office for a visit, so the exact business scale and operation status of the exchange remain unknown. That is all for this session of field survey.

Disclaimer

The content is for informational purposes only and it is not intended as a recommendation or advice.