Indonesia's Crypto Regulation Transition Delayed, OJK Set to Take Over

Indonesia's plan to transfer cryptocurrency regulatory powers has encountered a minor setback! The regulatory transition, originally scheduled for early 2025, has been postponed due to a lack of supportive government regulations. Since 2018, Bappebti has been responsible for regulating crypto assets, but this important task will be taken over by the Financial Services Authority (OJK) in the future.

OJK plans to bring a more transparent regulatory environment to the crypto market and establish rules that comply with international standards. OJK Chairman Mahendra Siregar revealed that although the transition has been delayed, discussions and preparations are actively ongoing. Let's wait and see what new changes the Indonesian crypto market will usher in! 🔍📈