Tokocrypto: P2SK Law Revision Drives Sustainable Crypto Growth

Jakarta (ANTARA) - Tokocrypto CEO Calvin Kizana assessed that the ratification of the revised Financial Sector Development and Strengthening Law (UU P2SK) is an important step to strengthen governance of the crypto asset industry in Indonesia and encourage more transparent and sustainable growth. “We welcome the ratification of the revised UU P2SK as an important step in strengthening the governance of the crypto asset industry in Indonesia. Currently, we are also waiting for the final draft to be distributed to industry players so we can see in more detail what changes will impact the ecosystem,” Calvin said in a statement in Jakarta on Monday. According to Calvin, industry players still require technical clarity regarding the implementation of the new rules so that the regulatory transition process runs effectively, does not create uncertainty, and continues to support innovation in the digital asset sector. He affirmed that Tokocrypto is ready to collaborate with regulators and stakeholders to ensure optimal implementation of the regulations. “We believe that strong, clear, and adaptive regulations will be key to increasing public trust and accelerating the growth of Indonesia’s crypto industry,” he said. Previously, the Indonesian House of Representatives (DPR RI) passed the Bill on Amendments to Law Number 4 of 2023 concerning Financial Sector Development and Strengthening into law during a Plenary Session on 4 June 2026. The revision of the P2SK Law includes a number of changes in the financial sector, including strengthening the institutional framework of the Deposit Insurance Corporation (LPS), expanding the authority of the Financial Services Authority (OJK), refining the duties and governance of Bank Indonesia (BI), and strengthening the regulation of digital financial assets and crypto assets. The Chief Executive of OJK’s Supervision of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets, Adi Budiarso, stated that OJK had been involved in discussions on the substance of the P2SK Law revision with the government before the regulation was passed by the DPR. “In principle, governance has been established as determined by our state financial governance,” Adi told reporters after the CFX Crypto Conference 2026 in Jakarta on Monday (8/6/2026). Adi added that once the regulation officially comes into effect, OJK will oversee its implementation through regulatory, supervisory, consumer protection, and law enforcement functions in the digital financial asset and crypto asset sector. Industry players assess that clarity of derivative rules, supervisory mechanisms, and space for dialogue between regulators and industry will be important factors in determining the effectiveness of the revised UU P2SK. With regulatory support and the readiness of business players, the law is expected to strengthen legal certainty, enhance consumer protection, and create healthier growth for the crypto industry in Indonesia.