OJK Issues New Rules Regarding Crypto Assets, Here are the Contents
Jakarta – The financial Services Authority (OJK) has released OJK Regulation (POJK) Number 23 of 2025, amending OJK Regulation Number 27 of 2024 concerning the Implementation of Trading in Digital Financial Assets, including crypto assets.
The issuance of the new regulation is a response to the growing popularity of Digital Financial Assets (AKD), particularly crypto assets, as investment instruments in Indonesia, and the emergence of new products like digital financial asset derivatives.
“This POJK aims to strengthen the role and expand the scope of digital financial asset trading organizers, and also adopting a regulatory and supervisory framework with standards in the financial services sector and international best practices,” stated M Ismail Riyadi, Head of the OJK Literacy, Financial Inclusion and Dialogue Department, in a written statement on Thursday, December 4, 2025.
The new POJK expands the scope of Digital Financial Assets to include:
- A definition of Digital Financial Assets encompassing both crypto assets and other digital financial assets, specifically including digital financial asset derivatives.
- Requirements for digital financial assets traded on digital financial asset markets, stipulating they must be issued, stored, transferred, and/or traded using distributed ledger technology or referencing an underlying AKD.
- A prohibition for AKD Trading Organizers to trade AKD not listed on the Digital Financial Asset List determined by the Exchange.
Furthermore, the regulation introduces provisions for trading digital financial asset derivatives, aiming to broaden investment options while prioritizing prudence and consumer protection. Key provisions include:
* Exchanges intending to facilitate AKD derivative trading must obtain prior approval from the OJK.
* Traders can execute sell and/or buy orders for AKD derivatives on behalf of consumers, provided they operate on an exchange approved by the OJK. This does not require prior OJK approval for the trader, but necessitates a cooperation agreement with the Exchange.
* Traders executing derivative trades at consumer request must provide written notification to the OJK.
* AKD trading organizers are required to establish a mechanism for placing Margin (collateral) – in the form of money or AKD – in a dedicated account for consumer protection related to AKD derivative trading.
* Consumers intending to trade AKD derivatives must pass a knowledge test administered by the trader.
(acd/acd)
