The Direction of Crypto Asset Regulation in Indonesia Following the Transfer of Supervisory Authority from Bappebti to the OJK
Indonesia’s regulatory approach to crypto assets has undergone a fundamental shift following the transfer of supervisory authority from the Commodity Futures Trading Regulatory Agency or Badan Pengawas Perdagangan Berjangka Komoditi (“Bappebti”) to the Financial Services Authority or Otoritas Jasa Keuangan (“OJK”). Initially regulated as commodities, crypto assets are now positioned within the broader digital financial…