By: Yudistira Adipratama, S.H., LL.M. and Mohamad Rafi Andiansyah, S.H.
Date: September 12, 2024
On September 10 2024, Indonesia’s Financial Services Authority (OJK) unveiled a draft regulation that marks a pivotal shift in the country’s approach to digital financial asset trading. This draft regulation was developed in response to Law No. 4 of 2024, which transfers regulatory oversight of crypto assets from the Commodity Futures Trading Regulatory Agency (Bappebti) to the OJK. The proposed framework in the Draft Regulation introduces comprehensive guidelines for crypto asset trading, covering everything from the criteria for tradable assets to stringent requirements for market organizers. In alignment with Indonesia’s vision for a robust and secure digital financial ecosystem, this draft regulation outlines the steps and obligations for those seeking to participate in the Indonesian crypto trading market. To gain a deeper understanding of the proposed regulation and its far-reaching implications for the crypto industry in Indonesia, please click here for the full advisory.
