JAKARTA - The transition of the supervisory function and regulation of crypto assets from the Commodity Futures Trading Supervisory Agency (CoFTRA) to the Financial Services Authority (OJK) which officially took effect on January 10, 2025.
Under OJK's supervision, crypto assets are now categorized as financial instruments, in contrast to previously under CoFTRA which classifies them as commodities.
Tokocrypto CMO, Wan Iqbal sees this as a great opportunity for business actors to innovate in providing services that are more in line with market needs.
"As business actors, we welcome the approach and efforts to develop the supervision infrastructure carried out by the OJK. This will give more confidence to consumers and market players," said Iqbal.
Tokocrypto, as one of the main actors in the crypto asset industry in Indonesia, also sees that this transition is a momentum to continue to encourage sustainable growth.
Iqbal also emphasized the importance of synergy between regulators and industry players in creating a better understanding for the community.
SEE ALSO:
-
| TEKNOLOGI
Jaga Kesehatan Mental, Kredivo Fokus Edukasi Soal Risiko dan Manfaat Paylater
17 Januari 2025, 13:35
According to him, with more integrated regulations and a modern surveillance approach, he is optimistic that Indonesia can become one of the centers for digital asset innovation in the region.
"Currently, OJK has just accepted the transition, it will definitely take time for the transition. Let's support and provide substantial input, and we will jointly control it to encourage the crypto ecosystem to be better," he said.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
