Government Races to Finalize Crypto Oversight Transfer to OJK Ahead of Deadline
Jakarta. The Indonesian government has yet to finalize the transfer of crypto asset supervisory authority from the Commodity Futures Trading Agency (Bappebti) under the Trade Ministry to the Financial Services Authority (OJK), as mandated by the Financial Sector Law.
The transition, scheduled to be completed by Jan. 12, 2025, remains stalled due to the absence of a supporting government regulation.
OJK Chairman, Mahendra Siregar, said discussions and preparations for the transition are ongoing. Speaking during the 2025 stock market opening event in Jakarta, Mahendra said the draft government regulation had been prepared in an official format.
“We’ve been working closely with the Trade Ministry to…
