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Financial Services Authority Regulation Number 3 of 2024 concerning the Implementation of Financial Sector Technology Innovation (POJK 3/2024)

This regulation transfers supervisory authority over crypto-assets from Bappebti to Indonesia's Financial Services Authority (OJK), establishing a…

What Financial Services Authority Regulation Number 3 of 2024 concerning the Implementation of Financial Sector Technology Innovation (POJK 3/2024) requires

This regulation transfers supervisory authority over crypto-assets from Bappebti to Indonesia's Financial Services Authority (OJK), establishing a comprehensive framework for licensing, operating, and supervising crypto-asset exchanges and custodians. It mandates stringent requirements for governance, risk management, consumer protection, and anti-money laundering (AML) programs for all market participants, as detailed in Chapter III on Crypto Asset Trading.

Pillar: Crypto & Sovereign Finance · Authority: Otoritas Jasa Keuangan (OJK) - Indonesian Financial Services Authority · Version: 1.0.0 · Last updated:

Primary source: https://www.ojk.go.id/en/kanal/iknb/Pages/Regulation.aspx

SHA-256 integrity: 4ddbab37a321152444aa687b9c38a5ef8c4ab9c446a313b6d0ac555d5091da68

Primary Citations — 7 traced to source

  • POJK No. 3/2024, Article 10: Licensing of Crypto Asset Market Organizers
  • POJK No. 3/2024, Article 12: Capital Requirements for Crypto Asset Exchanges

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