Indonesia's Financial Services Authority (OJK) highlighted the need for transparent commodity pricing and greater awareness of digital finance risks in a release covering its OJK Teaching events in Palembang and Mataram. The discussions addressed preparations for the Mineral and Strategic Commodities Exchange to begin operating in January 2027 and precautions consumers should take when using digital financial services.
At the Palembang event, Sarjito, chief executive of mineral and strategic commodities exchange supervision, emphasized credible price formation and stronger trading oversight to support Indonesian commodity reference prices and mitigate harmful trading practices. OJK has already issued regulations governing the exchange's operation and the phased transfer of regulatory and supervisory powers from the Commodity Futures Trading Regulatory Agency. That transfer takes effect on Jan. 1, 2027. The framework addresses market governance, transaction settlement and risk management, alongside protection for service users.
In Mataram, Adi Budiarso, chief executive of financial sector technology innovation, digital financial assets and crypto assets supervision, urged students to understand both the opportunities and risks of digital finance. Innovation extends beyond crypto assets to technologies such as artificial intelligence and blockchain, which can improve service efficiency and broaden access. Users should conduct independent research and check providers' legal status before using digital financial services or investing. Students were also encouraged to share accurate financial information with their communities.