The Financial Services Authority (OJK) is strengthening its oversight\nof the crypto asset industry by shutting down 228 illegal Digital\nFinancial Asset Traders (PAKD) up to May 2026. The move is seen as\nreinforcing consumer protection while boosting public confidence in\nIndonesia\u2019s digital asset industry.<\/p>\n
The closure of hundreds of illegal platforms was carried out by OJK\ntogether with the PASTI Task Force and several related ministries and\nagencies. The policy was announced at a press conference on the\nFinancial Services Sector Assessment and OJK Policy following the July\n2026 RDKB meeting.<\/p>\n
Bittime\u2019s Chief Operating Officer Ryan Lymn said that stronger\noversight is an important part of creating a healthier and more\ntrustworthy digital asset ecosystem.<\/p>\n
\u201cBittime fully supports OJK\u2019s efforts to strengthen oversight of the\ncrypto asset industry as part of consumer protection and building trust\nin Indonesia\u2019s digital asset ecosystem. Clear regulation and consistent\nsupervision will provide certainty for the public to invest through\nplatforms that comply with applicable regulations,\u201d Ryan said in a\nstatement on Thursday (6\/8\/2026).<\/p>\n
According to Ryan, the growing number of investors and transaction\nvalues shows that public confidence in digital assets remains intact. He\nbelieves that education, consumer protection and regulatory certainty\nmust go hand in hand so that industry growth takes place\nsustainably.<\/p>\n
OJK data shows the number of digital financial asset consumer\naccounts reached 22.69 million in June 2026, an increase of 1.32 percent\ncompared to the previous month. Meanwhile, crypto asset transaction\nvalues reached Rp28.58 trillion, up 24.20 percent compared to May\n2026.<\/p>\n
Ryan said trading activity on the Bittime platform throughout July\n2026 was still dominated by Bitcoin (BTC), Ethereum (ETH) and Solana\n(SOL). On the other hand, interest in alternative assets also increased,\nsuch as PEPE as well as tokenized assets SPCXX, XAUT (Tether Gold) and\nNVDAX.<\/p>\n
As a digital financial asset trader registered and supervised by OJK,\nBittime said it continues to expand public access to various global\ndigital assets. The platform provides trading of crypto assets such as\nBitcoin, Ethereum, Solana, XRP, USDT, and tokenized US stocks.<\/p>\n
Ryan said that in July 2026 Bittime also obtained a digital financial\nasset derivatives trading licence through PT Central Finansial X (CFX).\nAccording to him, the service received a positive response from\nusers.<\/p>\n
Based on internal company data, Bitcoin (BTC), PUMP, Uniswap (UNI),\nEthereum (ETH) and Hyperliquid (HYPE) were the most actively traded\nderivative assets throughout July 2026.<\/p>\n
\u201cThis achievement reflects our commitment to continue delivering\nservices that comply with Indonesian regulations. We believe that\nstrengthening industry governance will provide greater certainty for the\npublic to invest through licensed platforms,\u201d Ryan said.<\/p>\n
Ryan also noted that developments in the global crypto industry,\nincluding the planned cessation of operations of one international\ncrypto exchange, serve as a reminder of the importance of governance,\ntransparency and regulatory compliance in maintaining public trust in\nthe digital asset industry.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/bittime-supports-ojks-move-to-tighten-crypto-industry-1786002844", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }