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OJK and Bank Indonesia Assume Crypto, Derivatives Oversight from Bappebti

  • Indonesia's Bappebti has transferred regulatory responsibilities of digital financial assets to OJK and Bank Indonesia.
  • The move aims to provide legal certainty and stability within the country's digital finance sector.
  • OJK will oversee crypto assets and capital market derivatives, while BI will supervise derivatives related to money and foreign exchange markets.
  • The transfer is expected to strengthen the financial system, enhance consumer protection, and foster further development of the Indonesian financial market.

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