Tokocrypto Supports The Transition Of Crypto Asset Trading Supervision To OJK

CMO Tokocrypto Wan Iqbal (photo: dock. VOI)

The Financial Services Authority (OJK) is planned to officially take over the duties of regulating and supervising crypto asset trading from the Commodity Futures Trading Supervisory Agency (CoFTRA) starting January 10, 2025.

During this transition period, CMO Tokocrypto, Wan Iqbal, as a player in the crypto industry in Indonesia, said he would continue to coordinate with CoFTRA and OJK to ensure this transition process runs smoothly.

"In addition, we also remain focused on providing the best service for all of our users during this transition period," he said in a written statement received on Thursday, January 9.

Iqbal also believes that the shift in supervision of crypto asset trading to OJK will have a positive impact, and this step is expected to increase public confidence in the crypto ecosystem in Indonesia.

According to Iqbal, this supervisory shift is also an opportunity for industry players to build closer collaboration with regulators.

"We hope that there will be intensive dialogue space between regulators and business actors to ensure regulations can encourage innovation as well as provide adequate protection for consumers," he said.

He also hopes that OJK can consider global dynamics in drafting regulations. Because according to him, to compete, Indonesia needs to have adaptive regulations and support the competitiveness of local business actors in the international market.

"As one of the main actors in the industry, Tokocrypto has prepared to adapt to the new regulations set out in POJK No. 27 of 2024 and SEOJK No. 20 of 2024," he said.