Crypto-Asset Traders, Get Ready: OJK Require Trade Notification Be Submitted 7 Days in Advance!

In 2024, the Financial Services Authority (Otoritas Jasa Keuangan- “ OJK ”) introduced Regulation No. 27 of 2024 (“ Regulation 27/2024 ”), which broadly outlined a wide array of matters that specifically related to the trading of digital financial asset, including crypto assets (collectively referred to as “ Assets ”). It is worth mentioning that various Asset trading provisions featured under Regulation 27/2024 were briefly analyzed in the following edition of Indonesian Legal Brief (“ ILB ”): “ OJK Steps in: Indonesia’s Crypto-Trading Future Starts Here! ”.