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.
Regulation / Regulation Search / Implementation of Digital Financial Asset Trading Including Crypto Assets
Sector: ITSK
Sub-Sector: Crypto Assets; Digital Financial Assets
Regulation Type: OJK Circular Letter
Regulation Number: 20/SEOJK.07/2024
Effective Date: 1/10/2025
Attachment 1 SEOJK 20-SEOJK07-2024 Implementation of Digital Financial Asset Trading Including Crypto Assets.pdf Abstract SEOJK 20-SEOJK07-2024 Implementation of Digital Financial Asset Trading Including Crypto Assets.pdf FAQ SEOJK 20-SEOJK07-2024 Implementation of Digital Financial Asset Trading Including Crypto Assets.pdf
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Circular Letter of the Financial Services Authority Number 20/SEOJK.07/2024 concerning the Implementation of Digital Financial Asset Trading Including Crypto Assets
Abstract: The preparation of the Financial Services Authority Circular Letter concerning the Implementation of Digital Financial Asset Trading Including Crypto Assets is carried out to follow up on the mandate of Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK) to issue further regulations regarding the regulation and supervision of Digital Financial Assets including Crypto Assets. This Financial Services Authority Circular Letter is an implementing regulation of Financial Services Authority Regulation Number 27 of 2024 concerning the Implementation of Digital Financial Asset Trading Including Crypto Assets. The legal basis for this Financial Services Authority Circular Letter (SEOJK) is: Law No. 21 of 2011 as amended by Law No. 4 of 2023; and POJK No. 27 of 2024. This Financial Services Authority Circular Letter regulates provisions regarding the procedures for notifying crypto asset trading, the procedures and mechanisms for submitting evaluation results for crypto assets in the crypto asset list, the assessment of competence and propriety of principal parties, the re-assessment of principal parties, the business plan of the digital financial asset trading organizer, as well as the scope, procedures, and mechanisms for submitting periodic and incidental reports by digital financial asset trading organizers.
Note: This Financial Services Authority Circular Letter was established on December 19, 2024. This Financial Services Authority Circular Letter becomes effective on January 10, 2025.