Indonesia parliament just passed the revised crypto law, formally cementing OJK’s authority over crypto as a regulated financial asset just as Europe’s MiCA transitional window closes on July 1. Two of the world’s most consequential crypto jurisdictions are hardening their frameworks in the same month, from opposite sides of the globe.
The structural logic is identical: reclassify crypto from a peripheral asset into a supervised financial instrument, require licensing, and push non-compliant platforms out. The era of operating across major markets on thin regulatory registrations is closing simultaneously in Jakarta and Brussels.
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Indonesia Crypto Law: OJK Gets Full Authority
The P2SK Law revision, passed by the Indonesia Parliament expands OJK’s mandate across banking, capital markets, fintech, and digital financial assets, consolidating supervisory authority that was previously fragmented between OJK, Bappebti, and Bank Indonesia. For crypto specifically, this completes a reclassification that tokens are no longer traded commodities sitting inside Bappebti’s commodity-futures perimeter.
OJK can now impose bank-style prudential requirements on exchanges, capital adequacy, custody segregation, governance standards, and conduct rules. The law also amends Indonesia’s Capital Markets Act to expand the definition of securities to include investment contracts in digital form that confer economic benefits, opening the door for certain tokens and DeFi instruments to fall under full securities regulation. That is a direct structural parallel to MiCA’s treatment of asset-referenced tokens.
The immediate compliance pressure point governing governance and risk management for fintech innovation platforms, including digital asset providers, takes effect on July 1, 2026. Indonesian OJK crypto regulation now has its own hard deadline running in parallel with Europe’s. Exchanges operating in Indonesia crypto markets that have not completed their transition from Bappebti-era structures face an enforcement exposure window starting this month.
Tokocrypto CEO Calvin Kizana welcomed the revision but flagged the implementation gap that matters most to operators.
“We are also waiting and looking forward to the final draft being distributed to industry players so that they can see in more detail what changes will affect the ecosystem,” Kizana said. He added that “strong, clear, and adaptive regulations will be the key to increasing public confidence and accelerating the growth of the Indonesian crypto industry.”
