Indonesia's Financial Services Authority (Otoritas Jasa Keuangan, OJK) issued Regulation No. 23 of 2025 amending its framework for the trading of digital financial assets, including crypto assets. The changes broaden the regulated perimeter to include digital financial asset derivatives and strengthen the role and scope of digital financial asset trading organisers, drawing on financial-sector regulatory standards and international best practices. Under the revised scope, digital financial assets comprise crypto assets and other digital financial assets, including derivatives. Assets traded in the Digital Financial Asset Market must meet specified criteria, including being issued, stored, transferred and/or traded using distributed ledger technology, or referencing an underlying digital financial asset; trading organisers are prohibited from trading digital financial assets outside the list set by the exchange. For digital financial asset derivatives, the exchange must obtain OJK approval before operating derivative trading, while traders may execute derivative buy and/or sell orders on behalf of consumers on an OJK-approved exchange without prior OJK approval, provided a cooperation agreement with the exchange is in place and the trader submits a written notification to OJK. The rules also require a mechanism to place margin in a special account (in cash or digital financial assets) and require consumers to pass a knowledge test administered by the trader before trading derivatives.

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