According to PANews, Indonesia's Financial Services Authority (OJK) has introduced new cryptocurrency regulations aimed at strengthening the industry's development. These regulations will be applicable to the cryptocurrency sector starting from January 2025, including providing guidance for innovative technologies in the financial industry, such as banks and insurance companies.
The regulations cover aspects such as innovation in financial products and services, customer protection, the establishment of new technology testing environments, and reporting of test results. The move by the OJK is expected to provide a more robust framework for the growth and adoption of cryptocurrencies and related technologies in Indonesia's financial sector.