Crypto Industry Players Highlight The Risk Of Draft Revision Of The P2SK Law
JAKARTA – The government is preparing a revision of the Financial Sector Development and Strengthening Law (UU P2SK), which aims to clarify the supervision of digital assets, including cryptocurrencies under the Financial Services Authority (OJK).
However, the revised draft raises concerns among industry players, especially regarding several articles that are considered to be able to shift the vital role of Digital Financial Asset Traders (PAKD).
In the revised draft circulating, Article 215C point 9 stipulates that crypto exchanges are required to own or control digital asset trading systems, including crypto and its derivatives.
Meanwhile, Article 312A point C requires the exchange to hold digital…
