Tokocrypto welcomes adaptive regulation under new OJK IAKD leadership
Jakarta — Tokocrypto has expressed hope that the new leadership of the Financial Technology Innovation Supervision Division (IAKD) at the Financial Services Authority (OJK) can foster the creation of more adaptive regulation that keeps pace with technological developments whilst strengthening Indonesia’s digital economy ecosystem.
Tokocrypto CEO Calvin Kizana welcomed the appointment of Adi Budiarso as the new Executive Head of Supervision at OJK’s IAKD, expressing hope that his leadership will strengthen the development of the financial technology innovation ecosystem, particularly in the crypto sector domestically.
“We welcome the appointment of Adi Budiarso as the new Executive Head of Supervision at IAKD. We hope that under his leadership, the crypto asset ecosystem and financial technology innovation in Indonesia can continue to develop sustainably,” Calvin stated in Jakarta on Thursday.
Budiarso’s appointment was approved by Commission XI of the People’s Consultative Assembly (DPR) to replace Hasan Fawzi, who now holds the position of Executive Head of Supervision for Capital Markets, Derivative Finance and Carbon Exchange at OJK.
According to Calvin, adaptive regulatory support for technological developments will be the key to future growth of the crypto industry. With the right regulatory framework, industry players can continue to innovate whilst safeguarding public protection.
“We hope OJK will continue to encourage the creation of regulation that adapts to technological developments, provide space for industry innovation, and strengthen collaboration between regulators, business actors and all stakeholders,” he said.
Kizana believes that strong synergy between regulators and industry will drive the crypto asset sector to contribute more significantly to national digital economic growth.
“With increasingly strong synergy, we are optimistic that Indonesia’s crypto asset industry can contribute more to national digital economic growth whilst providing optimal protection for the public,” he explained.
Industry players also expressed appreciation to Hasan Fawzi for his contributions during his tenure leading the financial technology innovation and crypto asset supervision sector at OJK.
Calvin noted that Fawzi’s leadership provided an important foundation for Indonesia’s crypto industry development, both in terms of governance, regulatory strengthening and increased public confidence in the sector.
One significant achievement during his period was the smooth transition of crypto industry supervision from the Commodity Futures Trading Regulatory Agency (Bappebti) to OJK, whilst maintaining the sustainability of the established ecosystem.
“We express our sincere gratitude and appreciation to Hasan Fawzi for his leadership and contributions whilst serving as Executive Head of Supervision at IAKD,” Kizana said.