The Financial Services Authority (OJK) has introduced a new regulation governing the trading of digital financial assets, including cryptocurrencies. 

The updated rule is set out in OJK Regulation (POJK) No. 23/2025, which amends the previous POJK No. 27/2024.

OJK stated that the issuance of the regulation is driven by the strong growth of Digital Financial Assets (AKD) ‒ particularly crypto ‒ as an increasingly popular investment instrument in Indonesia, alongside the emergence of new products that resemble traditional financial instruments such as digital asset derivatives.

According to OJK, the latest regulation aims to strengthen the role and broaden the scope of digital asset trading operators. The framework now aligns more closely with financial sector supervisory standards and international best practices.

Under this rule, digital financial assets include crypto assets as well as other digital financial instruments, such as derivatives. Trading activities must comply with specific criteria, including issuance, storage, transfer, and trading that relies on distributed ledger technology (DLT) or other underlying AKD mechanisms.

The regulation also prohibits operators from facilitating transactions involving assets that are not registered or approved by a licensed Digital Asset Exchange.

Additionally, the rule introduces provisions for digital asset derivatives trading, opening new investment avenues while upholding prudential rules and consumer protection measures.

“If an exchange intends to facilitate derivative trading of digital financial assets, it must first obtain approval from OJK,” the agency said on Thursday, December 4, 2025.

Licensed traders may conduct the buying and selling of digital asset derivatives on behalf of consumers on approved exchanges without needing separate approval, provided that a cooperation agreement is in place between the trader and the exchange.

Traders handling such transactions are required to submit written notifications to OJK. Meanwhile, digital asset trading platforms must implement margin mechanisms ‒ in the form of funds or digital assets ‒ placed in a dedicated account to safeguard consumer interests.

The regulation also introduces a consumer knowledge requirement: Consumers must pass a knowledge test before engaging in digital asset derivative trading.

The new policy marks a significant step in OJK’s efforts to ensure secure, transparent, and responsible development of Indonesia’s rapidly growing digital asset market.