The Financial Services Authority (Otoritas Jasa Keuangan– “ OJK ”) is currently completing work on a new Draft Regulation (“ Draft Regulation ”) on Financial Reporting Integrity for Organizers of Technological Innovations Within the Financial Sector (Inovasi Teknologi Sektor Keuangan– “ ITSK ”), Digital Financial Assets and Crypto Assets (ITSK, Aset Keuangan Digital dan Aset Kripto– collectively referred to as “ IAKD ”).
OJK Introduces Financial Reporting Integrity Standards for IAKD Organizers: Reporting Manipulation May Result in Substantial Sanctions
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