JAKARTA - Acting (Plt) Head of the Commodity Futures Trading Supervisory Agency (CoFTRA) Didid Noordiatmoko spoke about the transfer of crypto asset trading supervision to the Financial Services Authority (OJK).
One of them is because there is potential that has an impact on financial stability.
"Why was it moved? So our discussion with the Fiscal Policy Agency (BLF) of the Ministry of Finance, one of which is the existence of a report from the financial stability board, which says that the rapid growth in the value of crypto assets can have an impact on financial stabilization," he said at a press conference, Wednesday, January 4.
Didid also denied that the transfer of supervision was due to the failure of CoFTRA in managing crypto assets.
Because complaints about crypto assets and currency derivatives or problem commodities can be overcome.
"If we compare the ratio between the problem and the number of transactions, the ratio of the problem is below 0.1 percent. So it's still very small," he said.
Even so, Didid admitted, CoFTRA's supervision of crypto assets and derivatives still have many records.
"That there are still many notes, yes. But if you call it a failure, this is still far away," he said.
For your information, based on the Draft Law on the Development and Strengthening of the Financial Services Sector (RUU P2SK) which has been ratified by the DPR, it is stated that digital financial asset supervision including crypto was agreed to be transferred from the original supervision at CoFTRA to OJK.
The P2SK Bill also states that it is given a transition period of 2 years or 24 months for transfer of supervision of crypto assets and currency derivatives or commodities to OJK.
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