From Bappebti To OJK: Indonesia's Crypto Regulation Just Changed

As of January 10, 2025, regulatory and supervisory authority over crypto assets in Indonesia has officially transferred from the Indonesian Commodity Futures Trading Supervisory Body (Badan Pengawas Perdagangan Berjangka Komoditi or "Bappebti") to the Financial Services Authority (Otoritas Jasa Keuangan or "OJK").

The transfer was mandated by Government Regulation No. 49 of 2024 regarding Transfer of Regulatory and Supervisory Duties for Digital Financial Assets including Crypto Assets and Financial Derivatives dated December 31, 2024 ("GR 49/2024") and OJK Regulation No. 27 of 2024 regarding the Implementation of Trading in Digital Financial Assets including Crypto Assets dated December 10, 2024 ("OJK Reg. 27/2024").