OJK plans SIPF for crypto investors, prepares for supervision shift in 2025 | Lobby
The Financial Services Authority (OJK) plans to create a Securities Investor Protection Fund (SIPF) institution which is currently being considered to provide protection for crypto investors in Indonesia.
Hasan Fawzi, Chief Executive of Financial Sector Technology Innovation Supervisor, Digital Financial Assets and Crypto Assets at OJK said that in the early stages it will emphasize the literacy aspect.
He cited that an understanding of the risks of crypto instruments must really reach every prospective investor who is interested in becoming an investor in crypto assets because each investment instrument has its own characteristics and risks.
“Don’t let (investors) feel that they are competent enough or fully…
