Indonesia Plans to Regulate Crypto By 2025 With New Oversight Framework

• Indonesia’s financial regulator OJK issues new crypto regulation to strengthen industry, set to oversee crypto by 2025

• Regulation establishes guidelines for managing innovations like crypto - protecting customers, testing environments, reporting outcomes

• Doesn't detail specific crypto policies but lays groundwork for financial sector's digital asset activities

• OJK working closely with current regulator Bappebti on transition team to shift crypto oversight responsibility

• OJK collaborating internationally - MOUs with Malaysia, Singapore, Dubai - to develop comprehensive framework for crypto policy