Indonesia Law No. 4 of 2023 (P2SK Law)

The law expands OJK's role within Inovasi Teknologi Sektor Keuangan (ITSK) and aset keuangan digital, or digital financial assets, including crypto assets. Official OJK implementing materials state that, under Law No. 4 of 2023, OJK is authorized to regulate digital financial assets and crypto assets. That framing supports a regulatory shift away from a futures-commodity trading emphasis toward financial services supervision, while leaving detailed market rules to secondary regulation.

• Digital financial asset perimeter: Digital financial assets are treated as a financial-sector subject for OJK implementation, with crypto assets included in that category.
• Regulatory transfer: Article 312 of the law required the transfer of regulation and supervision over digital financial asset activities from Bappebti to financial-sector authorities within 24 months.
• Implementation window: Implementing regulations for the broader law were to be set within two years after promulgation.
• Operational rules: The crypto trading framework is carried primarily by OJK regulations and circulars rather than the P2SK Law text alone.

As of July 20, 2026, Law No. 4 of 2023 is in force. BPK's legal database also records that it has been amended by Law No. 4 of 2026, which entered into force on June 17, 2026. Editors should treat the 2023 law as the base statute and review the 2026 amendment for any update to article-level summaries or a separate amendment profile.

The crypto transfer was completed on Jan. 10, 2025, when Bappebti, OJK and Bank Indonesia signed handover and memorandum documents. The OJK/Bappebti/BI joint release states that AKD, including crypto assets, and capital-market financial derivatives moved to OJK, while derivatives with underlying money-market and foreign-exchange instruments moved to Bank Indonesia. The release connects the handover to Article 8 number 4 and Article 312(1) of the P2SK Law and to Government Regulation No. 49 of 2024.

OJK Regulation No. 27 of 2024 on the Trading of Digital Financial Assets Including Crypto Assets took effect on Jan. 10, 2025. The BPK summary says the regulation covers, among other matters, assets traded in the digital financial asset market, trading providers, licensing, fit-and-proper assessment, governance, trading operations, reporting, supervision, personal-data protection, consumer and public protection, coordination, transitional provisions and closing provisions.

OJK Regulation No. 23 of 2025 later amended POJK 27/2024, effective Nov. 10, 2025. OJK's summary ties the amendment to market development for products or activities resembling conventional financial instruments, including digital financial asset derivatives, and states that it adjusts trading mechanisms and derivative trading mechanisms for digital financial asset trading providers.