Regulatory AlertsAmendment to Financial Services Authority Regulation Number 27 of 2024 Concerning the Organization of Digital Financial Asset Trading Including Crypto Assets
The Financial Services Authority (OJK) issued Regulation Number 23 of 2025 to transfer regulatory authority for digital financial asset derivatives from Bappebti to the OJK, thereby expanding the OJK's scope to include these financial instruments. The regulation mandates that existing licenses and pending applications for derivatives trading be transferred to the OJK, while unlicensed entities must cease operations and transfer activities to licensed traders by January 9, 2026. Market participants are granted transition periods of up to twelve months to adjust system ownership and consumer fund placement mechanisms, and three months to align exchange and clearing house rules with the new framework.
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