Industry Welcomes SID Policy Plan By OJK For Crypto Investment

Illustration of crypto assets (photo: Freepik)

JAKARTA - The Financial Services Authority (OJK) is reviewing the development of the Single Investor Identification (SID) policy for crypto asset consumers, to build a more transparent digital investment ecosystem.

SID will later function as a single identity for every investor in the digital asset sector, so it is hoped that the identity verification process will become more standard and supervised.

Responding to the plan, Tokocrypto CEO Calvin Kizana said the SID policy was an important foundation in strengthening long-term trust in the national crypto ecosystem.

"SID will not only strengthen investor protection and industrial credibility, but also an opportunity to simplify the user onboarding process into the crypto ecosystem," Calvin said in a statement.

However, Calvin suggested that OJK prioritize collaboration-based development options with industry players. That way, the implementation process will be more efficient.

"Through a collaborative approach, we can ensure that the SID system built still prioritizes consumer protection, without hampering public access to digital asset investment," he added.

On the other hand, although the value of crypto transactions had decreased in June 2025, it was recorded at IDR 32.31 trillion, down 34.82% compared to May 2025, Calvin is optimistic that the implementation of a good identity system can be a momentum for recovery.

Moreover, the growth in the number of investors continued to show a positive trend, which increased 5.18% on a monthly basis from 15.07 million in May to 15.85 million in June 2025.