Jakarta. The Financial Services Authority (OJK) has reaffirmed the requirement for crypto traders in Indonesia to maintain a minimum capital of Rp 100 billion (approximately $6.2 million) as it prepares to take over regulatory oversight from the Commodity Futures Trading Supervisory Agency (Bappebti) of the Ministry of Commerce. .
The OJK is also maintaining the minimum equity requirement of Rp 50 billion for crypto traders under its new regulations, which will come into effect on January 10, 2025.
Although these financial requirements were already made mandatory under previous Bappebti regulations, the OJK has introduced stricter provisions prohibiting the use of certain sources of capital. This includes funds derived from money laundering, terrorist financing, proliferation of weapons of mass destruction, lending, or other activities that violate existing laws.
The new regulation aims to integrate Bappebti’s existing rules with improvements designed to align with global best practices in the financial sector. It emphasizes on promoting transparent, efficient and orderly trading in financial assets.
In addition, the regulation aims to strengthen risk management, market integrity, cybersecurity and anti-money laundering measures. These efforts are intended to improve consumer protection and build trust within the crypto trading industry.
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