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Regulation of the Financial Services Authority Number 27 of 2024 on the Organization of Digital Financial Asset Trading Including Crypto Assets
The Financial Services Authority (OJK) issued Regulation Number 27 of 2024 to assume full regulatory and supervisory authority over Digital Financial Assets and Crypto Assets from Bappebti, as mandated by the Financial Sector Development and Strengthening Act. This regulation establishes comprehensive frameworks for institutional licensing, governance, trading operations, and consumer protection for entities organizing digital asset markets. The rules are designed to ensure a complete and orderly transfer of oversight responsibilities, with the regulation becoming effective on October 1, 2025.
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Regulation of the Financial Services Authority of the Republic of Indonesia Number 27 of 2024 concerning the Organization of Digital Financial Asset Trading Including Crypto Assets


Abstract:
This POJK is formulated to support the development of the financial services sector and to implement regulatory and supervisory authority as referred to in Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector, as mandated in Article 312 paragraph (1) of the P2SK Law, which states that the transfer of regulatory and supervisory duties for Digital Financial Assets from Bappebti to OJK must be completed fully no later than 24 (twenty-four) months since the promulgation of the P2SK Law, namely January 12, 2025.


The legal basis for this Financial Services Authority Regulation (POJK) is: Law No. 21 of 2011 as amended by Law No. 4 of 2023; and Law No. 4 of 2023.


This POJK regulates the organization of Digital Financial Asset trading including Crypto Assets:


    

  1. General Provisions;
    2. 

  2. Digital Financial Assets traded in the Digital Financial Asset Market;
    3. 

  3. Institutions Organizing Digital Financial Asset Trading;
    4. 

  4. Licensing of Digital Financial Asset Trading Organizers;
    5. 

  5. Competency and Fit and Proper Assessment;
    6. 

  6. Governance;
    7. 

  7. Organization of Digital Financial Asset Trading;
    8. 

  8. Supporting Activities;
    9. 

  9. Reporting;
    10. 

  10. Supervision;
    11. 

  11. Mechanism for Submitting Approval Requests to OJK;
    12. 

  12. Personal Data Protection;
    13. 

  13. Consumer and Community Protection;
    14. 

  14. Coordination;
    15. 

  15. Other Provisions;
    16. 

  16. Transitional Provisions;
    17. 

  17. Closing Provisions.
    18. 



Note:
This Financial Services Authority Regulation takes effect on January 10, 2025.
This Financial Services Authority Regulation was promulgated on December 12, 2024, and established on December 10, 2024.


This POJK further mandates regarding the procedures for notifying Crypto Asset trading, procedures and mechanisms for submitting evaluation results for Crypto Assets in the Crypto Asset List, competency and fit and proper assessments for Principal Parties, reassessments of Principal Parties, business plans of Digital Financial Asset Trading Organizers, as well as the scope, procedures, and mechanisms for submitting periodic and incidental reports by Digital Financial Asset Trading Organizers in Financial Services Authority Circular Letters.


Explanation: 26 pages.
Appendices: 69 pages.
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