JAKARTA - Chief Executive of the Supervision of Financing Institutions, Ventural Capital Companies, Micro Financial Institutions, and Other Financial Services Institutions (PVML) OJK Agusman stated that there are still opportunities for other financial service institutions to apply for a Bulion business license.
He stated in Jakarta, Sunday that only two financial service institutions had obtained Bulion business licenses, namely Pegadaian and Bank Syariah Indonesia (BSI).
Until now, there have been no other financial service institutions that have applied for a permit to organize Bulion business activities.
"Currently, opportunities remain open for other financial service institutions to apply for a license for Bulion business activities in accordance with applicable requirements and conditions," said Agusman, as reported by Antara.
He stated that there are a number of criteria for financial service institutions that wish to carry out Bulion business activities based on the Financial Services Authority Regulation (POJK) Number 17 of 2024 concerning the Implementation of Bulion Business Activities.
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These criteria include the main activities of financial service institutions that apply for a bullion permit, namely lending/financing; having a core capital of IDR 14 trillion; and having a special work unit in the context of organizing Bulion business activities.
"Financial service institutions are required to meet the requirements as organizers of Bulion business activities, including capital and infrastructure readiness including competent human resources to assess the authenticity of gold," said Agusman.
After the inauguration of the gold bank service by President Prabowo Subianto, his party projects that Bulion business activities will continue to increase through the products offered by Pegadaian and BSI.
In order to strengthen the gold bank ecosystem and encourage the strengthening of Bulion's business, OJK is currently still investigating the formation of the Gold Council which will play a role like the World Gold Council, namely the international gold trading association.
"In the concept, the Gold Council will consist of various ministries and institutions that are related to the national Bulion ecosystem," said Agusman.
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