Crypto Prices Today April , : Bitcoin Cs Compact Greens

Cryptocurrency

Happy Business Actors Can Create Crypto Asset Experiments Starting Next Year

Pakistan to Ban Cryptocurrency-Related Online Services

Viral on TikTok, SUPERKIND K-Pop Group Combines Real and Virtual AI-Based Members

Jose Mourinho Reportedly Exploring Negotiations to Become PSG Coach

For Mourinho, AS Roma have theoretically won the Europa League this season

Due to Unclear Crypto Regulations in the US, Coinbase Sues

South Korean Politician Quits Party Due to Involved in Crypto Scandal

Published

2 months ago

March 17, 2024

Stephen Douglas

Table of Contents

Follow Us @

Happy Business Actors Can Create Crypto Asset Experiments Starting Next Year

Liputan6.com, Jakarta The Financial Services Authority (OJK) has released regulations for the development of crypto assets in Indonesia. One of them, will allow for experimentation in the crypto trading process later.

This is stated in OJK Regulation (POJK) 3/2024 concerning the Implementation of Financial Sector Technology Innovation (ITSK), which includes supervision of the fintech sector and crypto assets. The supervision itself will take effect from January 2025, in line with the transition from the Commodity Futures Trading Supervisory Agency (Bappebti) to the OJK.

Tokocrypto CEO, Yudhono Rawis, welcomed this regulation. According to him, there is room that can be used to increase innovation after there are clear regulations.

“Even though this regulation does not yet provide much detail regarding crypto assets, it shows OJK's positive steps in creating a foundation for managing crypto progress in the financial sector. This indicates OJK's commitment to encouraging innovation and development of financial technology in Indonesia,” said Yudho in his statement , written on Sunday (17/3/2024).

YOU MAY HAVE MISSED:

Former Head of OpenSea NFT Platform Product Will Be Tried, Money Laundering Allegations

Provide Legal Certainty

Yudho hopes that the issuance of POJK 3/2024 can provide legal certainty for crypto asset industry players and provide protection for consumers. He also hopes that this regulation can encourage the growth of the crypto asset industry in Indonesia in a responsible and sustainable manner.

One thing that is highlighted is the existence of Regulatory Sandbox rules. According to him, this could be a space for innovation for crypto asset industry players. For example, by opening trades in crypto assets and traditional assets such as gold.

“The Regulatory Sandbox offers various benefits for the crypto asset industry in Indonesia. It provides space for industry players to develop new products and services in the crypto asset sector safely and scalably. As well as, facilitating experimentation and testing of new technologies in the crypto asset industry,” explained Yudho .