Judul : OJK Appoints Blockchain Association of Indonesia as Operator of the Digital Finance Sector
link : OJK Appoints Blockchain Association of Indonesia as Operator of the Digital Finance Sector
OJK Appoints Blockchain Association of Indonesia as Operator of the Digital Finance Sector
Best for you , Jakarta - Financial Services Authority ( OJK ) officially appointed the Indonesian Blockchain Association (ABI) as the association organizing Financial Sector Technology Innovation (ITSK). This decision is stated in Letter Number S-335/IK.01/2025 issued on June 25, 2025, and becomes effective from that date. This appointment confirms ABI's role as a strategic partner of OJK in strengthening supervision, guidance, and development of financial technology innovations in Indonesia, particularly in the field of blockchain.
With this designation, technology blockchain It is officially included in the ITSK category under the direct supervision of OJK. ABI has been given a major mandate not only to promote innovation in this sector, but also to ensure the industry's compliance with regulations, establish standard practices, and provide consumer protection.
"This appointment is a strategic role that strengthens the Association's position as OJK's partner in shaping the future of digital financial innovation in Indonesia," said ABI Chairman Robby in a written statement to Best for You, Tuesday, July 8, 2025.
Robby emphasized that the appointment of ABI is not just a formal recognition, but also entails real responsibilities in building the industry, bridging communication between business players and regulators, and ensuring the implementation of best practices in the financial technology sector. "This is not just an official recognition, but also reinforces ABI's position as a strategic bridge between the industry and policymakers," he said.
As an ITSK organizer association, ABI now has the task of compiling and enforcing the code of ethics, reporting mechanisms, consumer complaint resolution, as well as organizing training for its members. ABI is also required to periodically report on industry developments to OJK, prepare self-evaluation mechanisms, and establish strategic cooperation both domestically and internationally.
Executive Director of ABI, Asih Karnengsih, emphasized the association's commitment to carrying out this mandate in an accountable manner and in line with national policy directions. "We will ensure that this new transition and responsibility is implemented in an accountable way, in line with OJK's supervisory principles and national policy directions," said Asih.
On the other hand, Deputy Chairman of ABI in the Cryptocurrency Assets sector, Mohammad Naufal Alvira, considers this appointment as strengthening the process of transferring oversight of cryptocurrency assets from the Commodity Futures Trading Supervisory Agency (Bappebti) to OJK, which has been underway since 2023. "We believe the transfer to OJK will promote the formation of a more integrated, supervised, and long-term oriented market. The industry must be ready to move towards a better direction," he said.
ABI also emphasized the importance of public literacy as one of the association's priorities for the future. Steven, the Vice Chairman of ABI in charge of Literacy and Education, mentioned that literacy programs will be expanded so that the community can understand the benefits, risks, and best practices related to blockchain-based financial technology innovations. "Public education will be key in creating inclusive and sustainable adoption," said Steven.
Meanwhile, the Chairman of the Blockchain Sector, Tigran Adiwirya, sees this appointment as an opportunity to strengthen the integration of blockchain technology into a safer and more efficient financial system. "This mandate from OJK also serves as a foundation to further strengthen the integration of blockchain technology into a safer and more efficient financial system," he said.
This OJK decision also aligns with the rapid growth of adoption blockchain in Indonesia. According to the 2024 Chainalysis report, Indonesia is among the top 10 countries with the highest crypto transaction activity in the world, indicating great potential as well as the need for clear supervision and regulation.
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