On January 10, 2025, Indonesia transferred the regulation and supervision of crypto assets from Bappebti (the Commodity Futures Trading Regulatory Agency) to the Financial Services Authority, or OJK. The new framework, POJK No. 27 of 2024, requires crypto businesses to adjust their licensing, governance, reporting, consumer protection, and compliance processes. If you run a crypto trading platform with users in Indonesia, this is what the move means for you.
What the transition changes
Start by finding out exactly what changed for your platform. The legal and compliance teams need to map the new requirements against existing operations, identify gaps, and determine which processes require immediate changes. This can include strengthening KYC procedures, updating internal controls, reviewing licensing requirements, and ensuring documentation is aligned with the new OJK framework.
OJK itself structured the transition around three priorities:
- Stabilizing the crypto ecosystem during the handover.
- Developing the regulatory framework under POJK No. 27 of 2024.
- Strengthening the industry's overall resilience.
Adapting without alarming users
Users should not learn about new rules from a verification step that appears without warning. Tell them what is changing, why you now need certain information, and how it affects them. That lets you meet the new requirements while keeping their trust and keeping trading running.
Turning new rules into processes
A platform that responds quickly could complete its compliance transition within about three weeks, with enhanced KYC, transparent user communication, and updated internal processes implemented without downtime or significant user loss.
Regulatory change is as much an operations problem as a legal one. Platforms that turn new rules into working business processes quickly can stay compliant without interrupting service to their users.
Checklist for platforms
- Confirm the basics: crypto supervision moved from Bappebti to OJK on January 10, 2025, under POJK No. 27 of 2024.
- Compare the new licensing, governance, reporting, and consumer-protection duties against your current operations, and close the gaps first.
- Tell users what is changing and why before they hit a new verification step.
- Run it as an operations project: a fast, coordinated team can finish in roughly three weeks with no downtime.
Al Rizqi & Co builds and operates products across Web2 and Web3, including work in the crypto and trading space. You can find our tools, channels, and resources on the Al Rizqi & Co links hub.
Disclaimer
This article is provided for general informational and educational purposes only and does not constitute legal, financial, or compliance advice. Regulations change over time. Always consult the official OJK sources and a qualified professional before making regulatory or business decisions.