POJK 27/2024: A Deep Dive into Indonesia's New Crypto Regulatory Framework

Indonesia has taken a major step in regulating its digital asset market with the issuance of OJK Regulation No. 27 of 2024 (POJK 27/2024), which shifts oversight of crypto asset trading from Bappebti to the Financial Services Authority (OJK). This regulation introduces a dedicated framework for Digital Asset Exchanges, Clearing Institutions, Custodians and Traders, setting out stringent requirements for capitalization, ownership, and governance. The changes aim to establish a secure, transparent, and investor-oriented digital financial ecosystem that aligns with international regulatory practices.

In this article, Dentons HPRP's lawyers, Andre Rahadian (Partner), Mika Isac Kriyasa (Partner), Josha Jehuda Ponggawa (Senior Associate), Yasyfa Alifya Radiany (Associate), Pasha Soulaiman Kesumanagara (Associate) and Steven Feriyanto (Associate), provide a clear and detailed overview of the key provisions under POJK 27/2024. Focusing on the operational, structural, and licensing aspects of digital financial asset trading entities, the article serves as a practical guide for market participants navigating the regulatory shift. Through their analysis, the authors highlight the implications of the new rules and the necessary adjustments businesses must undertake to remain compliant under Indonesia's evolving crypto asset landscape.

Read the full article here.

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