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Crypto firms will need to be evaluated in a regulatory sandbox before they're licensed to operate in Indonesia once supervision of the industry passes to the Financial Services Authority in January 2025. https://t.co/29gBRPsER8
INDONESIA TO IMPLEMENT REGULATORY SANDBOX FOR CRYPTO FIRMS Starting January 2025, crypto firms seeking to operate in Indonesia will undergo evaluation in a regulatory sandbox overseen by the Financial Services Authority (OJK). Hasan Fawzi, head of supervision for financial… https://t.co/yPfNcpYEeu
Indonesian regulator @ojkindonesia says crypto products will have to be evaluated in a sandbox environment before being licensed once it takes over supervision in January 2025. https://t.co/bQ2RP6d7nl
Indonesian regulator OJK Indonesia will require crypto products to undergo evaluation in a sandbox environment before being licensed starting January 2025. This move aims to regulate crypto firms seeking to operate in Indonesia under the oversight of the Financial Services Authority (OJK). Hasan Fawzi, head of supervision for financial services, emphasized the importance of this regulatory sandbox for ensuring compliance and oversight in the crypto industry.
