Regulatory AlertsImplementation of Digital Financial Asset Trading Including Crypto Assets
The Financial Services Authority (OJK) issued Circular Letter No. 20/SEOJK.07/2024 to implement POJK No. 27 of 2024 and fulfill mandates under the Financial Sector Development and Strengthening Law (UU P2SK). This regulation establishes detailed procedures for crypto asset trading notifications, periodic reporting mechanisms, and the assessment of business plans and fitness and propriety for digital financial asset trading organizers. The circular became effective on January 10, 2025, following its issuance on December 19, 2024.
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