Indonesia is transitioning crypto regulatory duties from Bappebti to the Financial Services Authority (OJK) but faces delays due to pending government regulations. Originally scheduled for January 12, 2025, this move aims to establish a clearer framework, ensuring better oversight, particularly in trading and taxation.

Progress is ongoing with OJK confirming active discussions and a draft regulation now finalized. This move underscores Indonesia’s commitment to align its crypto regulations with international standards, fostering a safer ecosystem for digital asset transactions under the new legal provisions. Finance Minister Sri Mulyani Indrawati introduced this initiative.