Crypto Asset Transactions In Indonesia Soared By More Than 104 Percent In One Year

JAKARTA - The latest data from the Financial Services Authority (OJK), noted that the transaction value of crypto assets reached IDR 44.07 trillion in January 2025, an increase of 104.31 percent compared to January 2024 which was only IDR 21.57 trillion.

The significant increase in the value of crypto asset transactions occurred after the transfer of supervision from the Commodity Futures Trading Supervisory Agency (CoFTRA) to the Financial Services Authority (OJK) on January 10, 2025.

Seeing the positive response of the community, the Chief Executive of the Financial Sector Technology Innovation Supervision, Digital Financial Assets, and OJK Crypto Assets, Hasan Fawzi emphasized that he would present the right regulations, so that this growth would remain healthy and sustainable.

In line with this growth, CMO Tokocrypto, Wan Iqbal also stated that the shift in supervision to OJK has had a positive impact on the crypto industry in Indonesia, especially in terms of regulatory certainty and investor protection.

He believes that more comprehensive regulations and strict supervision from the OJK will be able to create stronger investor confidence in the future.

"We are optimistic that this industry will continue to grow sustainably with certainty of regulations and innovation in accordance with better financial standards," Iqbal said in his statement on Thursday, March 6.

To date, there are 1,396 crypto assets that can be traded in Indonesia. OJK has also granted permission for 19 entities in the crypto asset trading ecosystem and 16 crypto asset traders, as well as processing licensing for 14 other crypto asset traders.

In addition to this, OJK is also preparing cyber security guidelines for digital financial asset traders and crypto assets to increase system resilience and protect the digital asset ecosystem from cyber threats.