OJK's New Leadership: Tokocrypto's Expectations
Jakarta — Tokocrypto hopes that the new leadership of the Financial Technology Innovation Division (IAKD) at the Financial Services Authority (OJK) will drive the creation of more adaptive regulations for technological development whilst strengthening Indonesia’s digital economy ecosystem. Tokocrypto CEO Calvin Kizana welcomed the appointment of Adi Budiarso as the new Head of Executive Supervisor for IAKD at OJK. He hopes his leadership will strengthen the development of the fintech innovation ecosystem, particularly cryptocurrency, in Indonesia.
“We welcome the appointment of Adi Budiarso as the new Head of Executive Supervisor for IAKD. We hope that under his leadership, Indonesia’s crypto asset ecosystem and financial technology innovation can continue to develop sustainably,” Calvin said in Jakarta on Thursday (12 March 2026).
As is known, the parliamentary Commission XI of the Indonesian House of Representatives approved Adi Budiarso to serve as Head of Executive Supervisor of IAKD at OJK, replacing Hasan Fawzi, who now leads the supervision of capital markets, financial derivatives, and carbon exchange at the OJK.
According to Calvin, adaptive regulatory support for technological development will be key to future growth in the crypto industry. With the right regulatory framework, industry players can continue to innovate whilst maintaining public protection.
“We hope the OJK can continue to drive the creation of regulations that are adaptive to technological development, provide innovation space for industry players, and strengthen collaboration between regulators, businesses, and all stakeholders,” he said.
He believed that strong synergy between regulators and industry would encourage the crypto asset sector to make greater contributions to national digital economic growth.
“With increasingly strong synergy, we are optimistic that Indonesia’s crypto asset industry can further contribute to national digital economic growth whilst providing optimal protection for the public,” he explained.
For his part, industry players also expressed appreciation to Hasan Fawzi for his contributions whilst leading the supervision of the financial technology innovation and crypto asset sector at the OJK.
Calvin assessed that Hasan Fawzi’s leadership had provided an important foundation for Indonesia’s crypto industry development, including governance, regulatory strengthening, and enhanced public confidence in the sector.
One significant achievement during his tenure was the smooth transition of crypto industry supervision from the Commodity Futures Trading Supervisory Agency (Bappebti) to the OJK, whilst maintaining the sustainability of the established ecosystem.
“We express our gratitude and deepest appreciation to Hasan Fawzi for his leadership and contributions whilst serving as Head of Executive Supervisor for IAKD,” he said.