Regulatory AlertsOJK Regulation No. 16 of 2025 on Fit and Proper Assessment and Reassessment for Key Parties in the Financial Technology Innovation Sector, Digital Financial Assets, and Crypto Assets
The Financial Services Authority (OJK) issued Regulation No. 16 of 2025 to establish fit and proper assessment and reassessment requirements for key parties operating in the Digital Financial Assets and Crypto Assets sector. This regulation implements powers granted under the Financial Development and Strengthening Act to ensure a healthy ecosystem and efficient licensing services. It simultaneously repeals specific articles from previous regulations regarding digital asset trading, alternative credit rating, and financial service aggregation to align with the new framework.
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