Indonesia has not yet finalized the transfer of cryptocurrency regulation, supervision, and oversight authority from the Commodity Futures Trading Agency (Bappebti) to the Financial Services Authority (OJK). Since 2018, Bappebti has been responsible for regulating crypto assets. Due to a lack of supportive government regulations, the transition originally scheduled to be completed by January 12, 2025, has been postponed. OJK is expected to create a more transparent regulatory environment that meets international standards. It plans to introduce clearer rules for trading, taxation, and the operation of cryptocurrency exchanges, areas that were previously managed by Bappebti with insufficient regulatory enforcement. (cryptonews)