Inp.polri.go.id - Jakarta.  The Financial Services Authority (OJK) has introduced Regulation No. 27/2024 on Digital Financial Asset Trading, including cryptocurrencies, as it prepares to take over regulatory responsibilities from the Commodity Futures Trading Regulatory Agency (Bappebti).

The new regulation aligns with the Financial Sector Development and Strengthening Law, known locally as Undang-undang P2SK, and establishes guidelines for OJK’s supervision of digital financial assets and financial technology innovation.

“This regulation ensures orderly, fair, transparent, and efficient trading of digital financial assets,” said Acting Head of OJK’s Financial Literacy, Inclusion, and Communication Department, M. Ismail Riyadi, on Tuesday (24/12/2024).

To manage the transition, OJK has outlined a three-phase strategy: an initial “soft landing” phase, followed by strengthening and development phases. 

Regulation No. 27/2024 adopts elements of Bappebti’s existing framework, enhanced with best practices in financial governance, risk management, cybersecurity, and consumer protection. The regulation mandates licensing for digital asset operators and regular reporting. 

OJK urged consumers to fully understand the risks of crypto assets and emphasized the importance of operators improving public literacy.

(mg/inp/pr/nm)