Crypto Asset Transactions Decline in February 2026, OJK Pushes for Industry Strengthening
Jakarta, VIVA – The Financial Services Authority (OJK) recorded the value of crypto asset transactions at Rp24.33 trillion in February 2026. This figure is lower than the January record of Rp29.28 trillion.
The Executive Head of Supervision for Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets at OJK, Adi Budiarso, during the March 2026 Monthly Commissioners’ Meeting Press Conference in Jakarta, explained that the slowdown was influenced by developments in global economic dynamics, particularly due to conflicts in the Middle East. Therefore, OJK is encouraging the strengthening of the crypto industry.
“This is not detached from global factors. Market cycles, where market sentiment with several events, especially related to geopolitics, also affect decentralised financial platforms worldwide,” said Adi in Jakarta, quoted on Tuesday, 7 April 2026.
He explained that the increase in geopolitical tensions is driving risk-off sentiment in the global financial markets. On the other hand, high interest rate policies in the United States are also triggering large-scale liquidations of leveraged positions in the crypto market, thereby suppressing transaction volumes.
In addition, Adi stated that 2024 was a phase of a strong bull market. However, after reaching its peak, the crypto market in 2025 entered a consolidation phase marked by price corrections and declining transaction volumes.
Amid these conditions, OJK states that it continues to strengthen the development of the crypto ecosystem through more structural measures. OJK is pushing for the strengthening of governance in exchanges, clearing, custodians, and crypto asset traders to protect consumer interests.
From a regulatory perspective, OJK together with the government, Bank Indonesia (BI), the Deposit Insurance Corporation (LPS), and related authorities are also adopting the principle of same activity, same risk, same regulation to align with international practices. To strengthen supervision, OJK is enhancing law enforcement against illegal practices together with the Task Force for Eradicating Illegal Financial Activities (Satgas PASTI) and the Indonesia Anti-Scam Center.
In terms of policy, OJK’s POJK Number 23 of 2025 on amendments to POJK Number 27 of 2024 regarding the organisation of digital financial asset trading, including crypto assets, as well as the refinement of SEOJK Number 20 of 2024 on the organisation of digital financial asset trading, including crypto assets.
The strengthening of governance includes, among others, the affirmation that organisers must own, master, and control the systems used in trading and transaction storage.