OJK Urges Crypto Industry Strengthening Amid Transaction Slump
OJK Urges Crypto Industry Strengthening Amid Transaction Slump
07 Apr 2026 19:11 WIB
Voice of Indonesia
Key Points
The Indonesian Financial Services Authority (OJK) is encouraging the strengthening of the crypto industry amid a slump in transactions in February 2026.
The OJK is promoting improved governance at crypto exchanges, clearinghouses, custodians, and asset dealers to enhance consumer protection.
RRI.CO.ID, Jakarta - The Indonesian Financial Services Authority (OJK) is encouraging the strengthening of the crypto industry amid a slowdown in transactions in February 2026. Transaction value reached IDR 24.33 trillion (USD 1.42 billion), down from IDR 29.28 trillion in January.
Executive Director of Supervision for Financial Sector Technology Innovation and Crypto Assets at OJK, Adi Budiarso, said global economic dynamics influenced the deceleration. “Market cycles, where sentiment is shaped by various events, particularly those related to geopolitics, also impact decentralized financial platforms worldwide,” he said during an online press conference following the March Monthly Board of Commissioners Meeting on Monday, April 6.
Adi explained that rising geopolitical tensions have triggered risk-off sentiment in financial markets. High US interest rates have also prompted the liquidation of leveraged positions in the crypto market.
He noted that the crypto market experienced a strong bull phase in 2024, but since 2025 has entered a consolidation period marked by price corrections and declining transaction volumes.
Amid these conditions, OJK continues to strengthen the crypto ecosystem structurally to maintain market stability and confidence. The authority is promoting improved governance at crypto exchanges, clearinghouses, custodians, and asset dealers, with the aim of enhancing consumer protection.
From a regulatory perspective, OJK, together with the government and relevant authorities, is applying the principle of risk equivalence. The “same activity, same risk, same regulation” approach has been adopted to align with international standards.
Meanwhile, OJK Board of Commissioners Chairwoman Friderica Widyasari Dewi noted that geopolitical tensions in the Middle East are heightening global risks. The impact is evident in rising energy prices and volatility in global financial markets. “The OJK Board of Commissioners’ Monthly Meeting held on April 1 assessed that stability in the financial services sector remains intact,” she said.
Friderica added that before the conflict erupted, the global economy had shown signs of strengthening. However, this trend reversed due to the escalation of conflict in the Middle East.
“High global uncertainty and energy price pressures are also narrowing the scope for monetary policy among global central banks while reigniting ‘high for longer’ expectations,” she said. (Gusti Panji/Lasti Martina)
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