Many people still wonder who actually has the authority to oversee crypto assets in Indonesia—the Commodity Futures Trading Regulatory Agency (Bappebti) or the Financial Services Authority (OJK)?

For your information, starting in January 2025, the government officially transferred oversight of digital assets, including crypto, from Bappebti to the OJK.

This change is not just about the institution itself; it also concerns the direction of regulation, investor protection, and how the crypto industry will move forward.

This article will explain this in simple language so you understand why this shift is important and what impact it will have on you as a crypto investor or trader.

Misunderstanding the regulations could lead to missteps in the rapidly changing world of digital assets.

A Glance at Bappebti and the OJK

To understand why crypto asset oversight has shifted, you first need to understand the positions and roles of these two important institutions.

The Commodity Futures Trading Regulatory Agency (Bappebti) is under the auspices of the Ministry of Trade of the Republic of Indonesia.

This institution was established under Law Number 32 of 1997 and is primarily responsible for regulating and supervising commodity futures trading, such as gold, foreign exchange (forex), and previously, crypto assets.

Through its role, Bappebti strives to ensure that futures trading activities in Indonesia are conducted safely, transparently, and in accordance with applicable regulations.

Meanwhile, the Financial Services Authority (OJK) is an independent institution established under Law Number 21 of 2011.

Unlike Bappebti, which is under a ministry, the OJK operates independently without interference from other institutions.

Its function encompasses oversight of the entire financial services sector, from banking and capital markets to fintech and other non-bank financial institutions.

Its primary goal is to maintain financial system stability while protecting consumer interests in the national financial sector.

Well, although both are supervisory bodies, they actually have very different areas of work.

Main Differences Between Bappebti and OJK

At first glance, the Commodity Futures Trading Regulatory Agency (Bappebti) and the Financial Services Authority (OJK) both play a supervisory role, but they have significant differences in their structure, scope of work, and supervisory objectives.

In terms of institutions and structure, Bappebti falls under the auspices of the Ministry of Trade (Kemendag). This means it is part of a government institution focused on futures trading.

The OJK, meanwhile, stands as an independent institution not under any ministry. It has full authority to regulate and supervise the entire financial services sector without intervention from other institutions.

In terms of supervision, Bappebti focuses on commodity and futures trading. Therefore, this institution is more closely involved in trading activities such as gold, oil, and other derivative products.

On the other hand, the OJK handles the financial services sector, from banking, capital markets, insurance, to fintech, which is now a vital part of the digital economy ecosystem.

In terms of objectives and functions, Bappebti is tasked with maintaining transparency and fairness in the futures market, ensuring that every transaction is conducted according to regulations and protecting the public from high-risk speculative practices.

Meanwhile, the Financial Services Authority (OJK) has a broader mandate, namely maintaining the stability of the national financial system, ensuring that all financial activities, from banking to digital investment, remain safe and sound.

Furthermore, in terms of product scope, Bappebti oversees traded assets, such as commodities and derivative contracts. The OJK differs in that it has regulated financial assets, including banks, stocks, bonds, fintech products, and crypto assets since 2025.

For example, if you trade Bitcoin in 2023, your exchange license will still be issued by Bappebti.

However, since 2025, supervision has officially shifted to the OJK, in line with the shift in authority for overseeing digital assets in Indonesia. So, what was previously categorized as commodity trading is now included in the realm of digital financial services.

2025 Update: Crypto Oversight Moves to the Financial Services Authority (OJK)

The transfer of crypto asset oversight to the Financial Services Authority (OJK) marked one of the major changes in Indonesia’s financial sector in 2025.

The legal basis for this shift stems from Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK), which was further clarified through Government Regulation (PP) Number 49 of 2024.

Starting January 10, 2025, the OJK officially took over oversight of all digital financial assets, including crypto assets and financial derivative instruments, from the Commodity Futures Trading Regulatory Agency (Bappebti).

This means that regulations previously focused on futures trading have now shifted to a broader financial services oversight system.

The impact has been significant across the industry. The OJK now emphasizes investor protection, transparent governance, and legal certainty for crypto market players.

Meanwhile, Bappebti remains focused on non-financial commodities such as gold, oil, and agricultural products, which are still traded through futures contracts.

So, what does this change mean for you as a crypto user or investor?

Impact for Crypto Traders & Investors

For those of you active on crypto exchanges, the good news is that these platforms remain legal and officially registered.

The change in oversight to the Financial Services Authority (OJK) doesn’t mean your trading activities will be disrupted. What has changed is the licensing and oversight process, which now follows OJK policies, particularly regarding security, transparency, and investor protection.

This means transaction security and transparency will be further strengthened, including fund protection mechanisms and compliance with stricter governance standards.

Investor education and governance will also be strengthened to help you better understand the risks and opportunities in the digital asset market. However, you can still conduct your daily trading as usual, without any obstacles.

So, don’t be surprised if there are new regulations from the OJK regarding digital assets. They are all for your protection, too.

Conclusion

Knowing who oversees your money can help you feel calmer, safer, and better prepared for changes in financial regulations in Indonesia.

So, that was an interesting discussion about the Differences Between Bappebti and OJK: Who Oversees Your Money?, which you can read in full at the INDODAX Academy Crypto Academy.

In conclusion, Bappebti and the OJK both play important supervisory roles, but each has its own distinct scope.

Previously, crypto was supervised by Bappebti because it was categorized as a commodity. Now, crypto is officially considered a digital financial asset, so oversight has shifted to the OJK.

By understanding who oversees your money and assets, you can feel calmer, safer, and better prepared for regulatory changes in the Indonesian financial sector.

This is also part of the education that Indodax Academy always prioritizes to equip every investor and trader.

By the way, in addition to gaining in-depth insights through various popular crypto education articles, you can also broaden your horizons through a collection of tutorials and choose from a variety of popular articles that suit your interests.

Besides updating your knowledge, you can also directly monitor digital asset prices on Indodax Market and stay up-to-date with the latest crypto news. For a more personalized trading experience, explore Indodax’s OTC trading service. Don’t forget to activate notifications so you don’t miss out on important information about blockchain, crypto assets, and other trading opportunities.

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FAQ

1.What are Bappebti and OJK?
Bappebti oversees commodity futures trading, while OJK oversees financial services such as banking, insurance, and now also crypto.

2.Since when has crypto been regulated by OJK?
Since January 10, 2025, based on the P2SK Law and Government Regulation No. 49 of 2024.

3.Is Bappebti still in existence?
Yes, but its focus is now on non-financial commodity trading.

4.What is the impact on Indodax users?
There will be no disruption to trading activities; regulations will adjust under the OJK framework.

5.Why is this transfer important?
To further integrate digital asset regulations in Indonesia with the national financial sector and strengthen investor protection.

Author: Boy