OJK Takes Over Crypto Asset Supervisory Role from Bappebti
Jakarta. The Financial Services Authority (OJK) has issued a new regulation formalizing its forthcoming role as the supervisory authority over crypto assets in Indonesia, a role currently held by the Trade Ministry’s Commodity Futures Trading Supervisory Agency (Bappebti).
OJK Regulation No. 27/2024 aims to prepare for the transition of crypto asset oversight from Bappebti, ensuring readiness for this significant shift. However, a superior government regulation to facilitate the transition has not yet been issued. Typically, such regulations are based on existing government laws or directives.
Ismail Riyadi, OJK’s acting head of the financial literacy, inclusion, and communication department, said the new…
