OJK Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/ojk/ Latest business news media headlines platform today | Lets talk Business Thu, 06 Mar 2025 07:30:23 +0000 en-US hourly 1 https://wordpress.org/?v=6.8.5 https://heaptalk.com/wp-content/uploads/2025/04/cropped-fav-icon-48x48-1-32x32.png OJK Archives - Stay Ahead with Heaptalk: Your Go-To Source for Business News https://heaptalk.com/tag/ojk/ 32 32 Indonesia’s crypto transaction surges 104.31% in early 2025 https://heaptalk.com/news/indonesias-crypto-transaction-surges-104-31-in-early-2025/ Thu, 06 Mar 2025 07:30:23 +0000 https://heaptalk.com/?p=46623 Heaptalk, Jakarta — Indonesia’s cryptocurrency market has experienced a remarkable surge in trading activity following the transition of regulatory oversight from the Commodity Futures Trading Regulatory Agency (CoFTRA) to the Financial Services Authority (OJK) on January 10, 2025. According to the latest data from OJK, the transaction value of crypto assets reached US$269 million or around Rp44.07 […]

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]]> Post-transition from CoFTRA, Here’s how OJK supervises crypto assets https://heaptalk.com/news/post-transition-from-coftra-heres-how-ojk-supervises-crypto-assets/ Wed, 15 Jan 2025 06:29:46 +0000 https://heaptalk.com/?p=45647 Heaptalk, Jakarta — Following the transition from the Commodity Futures Trading Supervisory Agency (CoFTRA) to the Financial Services Authority (OJK) on January 10, 2025, OJK, as conveyed by Hasan Fawzi, the Chief Executive of the Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets Supervision at OJK, is ready to oversee crypto assets. “This supervisory framework […]

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]]> OJK dan BI officially oversee Indonesia’s crypto asset and financial derivatives policy https://heaptalk.com/news/ojk-dan-bi-officially-oversee-indonesias-crypto-asset-and-financial-derivatives-policy/ Mon, 13 Jan 2025 04:37:40 +0000 https://heaptalk.com/?p=45561 Heaptalk, Jakarta — Indonesia Financial Services Authority (OJK) and Bank Indonesia (BI) have officially authorized the regulation and supervision of digital financial assets, including cryptocurrencies and financial derivatives. Initially from CoFTRA, the transfer was formalized by signing a Handover Minutes (BAST) and a Memorandum of Understanding (MoU). “This transfer aims to retain financial system stability, deepen integrated financial markets, […]

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]]> Ahead of authority transition for crypto asset supervisory, OJK maintains the existing regulation https://heaptalk.com/feature-news/ahead-of-authority-transition-for-crypto-asset-supervisory-ojk-maintains-the-existing-regulation/ Mon, 30 Dec 2024 09:42:10 +0000 https://heaptalk.com/?p=45286 Heaptalk, Jakarta — The authority that regulates crypto assets in Indonesia will officially move from the Commodity Futures Trading Supervisory Agency (Bapebbti), the Ministry of Trade, to the Financial Services Authority (OJK) on January 12, 2025. Along with this transition, OJK remains apply the existing regulation regarding the minimum deposit capital, namely Rp 100 billion. […]

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]]> Ministries block 10,000 bank account to fight online gambling https://heaptalk.com/govact/ministries-block-10000-bank-account-to-fight-online-gambling/ Mon, 18 Nov 2024 05:20:31 +0000 https://heaptalk.com/?p=44300 Heaptalk, Jakarta — Minister of Communication and Digital Affairs (Komdigi) Meutya Hafid has praised the collaboration between the Ministry and the Financial Services Authority (OJK) in combating online gambling in Indonesia. One of the key achievements of this partnership is blocking more than 10,000 bank accounts linked to illegal activities. This action follows directives from […]

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]]> Allianz responds to the revocation of its Sharia business license by OJK https://heaptalk.com/industry/allianz-responds-to-the-revocation-of-its-sharia-business-license-by-ojk/ Mon, 30 Sep 2024 10:45:13 +0000 https://heaptalk.com/?p=39479 Heaptalk, Jakarta — The Financial Services Authority (OJK) announced the revocation of PT Asuransi Allianz Life Indonesia’s Sharia business unit license on Thursday (09/26). Allianz stated that the license revocation was a follow-up related to the separation process of Allianz Life’s Sharia Business Unit, or spin-off. The spin-off process involved transferring the management of Allianz […]

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]]> OJK responds to foreign banks exiting Indonesia https://heaptalk.com/industry/ojk-responds-to-foreign-banks-exiting-indonesia/ Thu, 19 Sep 2024 12:21:05 +0000 https://heaptalk.com/?p=39254 Heaptalk, Jakarta — The Financial Services Authority (OJK) has addressed the phenomenon of foreign banks gradually leaving Indonesia. Dian Ediana Rae, the Executive Director of Banking Supervision at OJK, stated that the business prospects for foreign banks in the country remain positive, in line with national economic growth trends that have stabilized around 5% post-Covid-19. […]

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]]> Indonesia’s OJK releases IAKD Roadmap for 2024-2028 https://heaptalk.com/news/indonesias-ojk-releases-iakd-roadmap-for-2024-2028/ Tue, 13 Aug 2024 09:13:53 +0000 https://heaptalk.com/?p=36877 Heaptalk, Jakarta — The Financial Services Authority (OJK) has officially launched the Roadmap for the Development and Strengthening of Technology Innovation in the Financial Sector, Digital Financial Assets, and Cryptocurrency for 2024-2028 (IAKD Roadmap). The IAKD Roadmap 2024-2028 is designed to support the growth of a strong, balanced, inclusive, and sustainable IAKD sector. Its primary focus […]

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]]> OJK reveals many Gen Z individuals trapped in online loans https://heaptalk.com/insight/ojk-reveals-many-gen-z-individuals-trapped-in-online-loans/ Wed, 31 Jul 2024 12:52:12 +0000 https://heaptalk.com/?p=36163 Heaptalk, Jakarta — The Financial Services Authority (OJK) has released data indicating that Generation Z is most entangled in online loans. The institution believes that irresponsible lifestyle choices are contributing to this phenomenon. “Many students are caught up in online loans due to their lifestyle. Therefore, they must be wise,” stated Friderica Widyasari Dewi, Head […]

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]]> Using foreign server, illegal online loan operators target rising generation https://heaptalk.com/news/using-foreign-server-illegal-online-loan-operators-target-rising-generation/ Thu, 11 Jul 2024 09:26:52 +0000 https://heaptalk.com/?p=34780 Heaptalk, Jakarta — Executive Head of Financial Service Business Conduct Supervision, Education, and Consumer Protection (PEPK) at Indonesia’s Financial Services Authority (OJK), Friderica Widyasari Dewi, revealed that the majority of online loan operators use foreign servers. “This can be seen from the similarity of the names of banned online loans that reappear in a short period […]

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]]> OJK: Online loans of Indonesian society swells 25.44% per May this year https://heaptalk.com/news/ojk-online-loans-of-indonesian-society-swells-25-44-per-may-this-year/ Tue, 09 Jul 2024 05:00:12 +0000 https://heaptalk.com/?p=34585 Heaptalk, Jakarta — Indonesia’s Financial Service Authority (OJK) noted the fantastic increase in online loans in the peer-to-peer (P2P) lending industry which touched 25.44% YoY, around US$3.9 billion as of May 2024, compared to last month of 24.16%. However, the aggregate bad credit risk level (TWP90) is 2.91%, demonstrating well-maintained conditions. “The bad credit in […]

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]]> OJK and Prospera develop climate risk management for Indonesian banking https://heaptalk.com/govact/ojk-and-prospera-develop-climate-risk-management-for-indonesian-banking/ Mon, 01 Jul 2024 06:07:17 +0000 https://heaptalk.com/?p=34036 Heaptalk, Jakarta — The Financial Services Authority (OJK) is collaborating with the Australian Embassy and Prospera (Australia Indonesia Partnership for Economic Development) to develop climate risk management for the banking industry in Indonesia. This two-year partnership follows the issuance of the Climate Risk Management and Scenario Analysis (CRMS) Guide in March 2024. This initiative is […]

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]]> OJK to issue Paylater regulations in 2025 https://heaptalk.com/govact/ojk-to-issue-paylater-regulations-in-2025/ Fri, 28 Jun 2024 06:45:15 +0000 https://heaptalk.com/?p=33844 Heaptalk, Jakarta — Indonesia’s Financial Services Authority (OJK) announced the regulation arrangement of Buy Now Pay Later (BNPL) or Pay later in 2025. The Director of Regulation for Financing Institutions, Venture Capital Companies, Microfinance Institutions, and Other Financial Services at OJK, Irfan Sanusi Sitanggang, disclosed that the regulations were initially planned to be issued this […]

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]]> OJK launches Sprint licensing app to protect consumer interests https://heaptalk.com/govact/ojk-launches-sprint-licensing-app-to-protect-consumer-interests/ Tue, 25 Jun 2024 06:55:11 +0000 https://heaptalk.com/?p=33616 Heaptalk, Jakarta — Recently, the Financial Services Authority (OJK) launched the Integrated Licensing and Registration System (Sprint) application to support the development of Financial Sector Technology Innovations (ITSK), Digital Financial Assets, and Crypto Assets (IAKD). According to Hasan Fawzi, Chief Executive Supervisor of Financial Sector Technology Innovations, Digital Financial Assets, and Crypto Assets, this application […]

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]]> OJK obliges TaniFund to form a liquidity team after business license revocation https://heaptalk.com/news/ojk-obliges-tanifund-to-form-a-liquidity-team-after-business-license-revocation/ Tue, 14 May 2024 09:55:27 +0000 https://heaptalk.com/?p=30520 Heaptalk, Jakarta — Following the revocation of TaniFund’s business license, effective May 3rd, 2024, Indonesia’s Financial Service Authority (OJK) urged this peer-to-peer lending startup to form the liquidity team through the General Meeting of Shareholders (GMS) agenda. As stipulated in the OJK regulation (POJK) No 10 of 2022 article 85 concerning liquidation, where this provision […]

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]]> Indonesia’s OJK revokes TaniFund’s business licenses https://heaptalk.com/news/indonesias-ojk-revokes-tanifunds-business-licenses/ Mon, 13 May 2024 06:47:32 +0000 https://heaptalk.com/?p=30404 Heaptalk, Jakarta — Indonesia’s Financial Service Authority (OJK) OJK revoked the business license of the peer-to-peer lending fintech, TaniFund, as the startup failing to meet minimum equity requirements and not implementing supervisory recommendations. TaniFund’s business performance reportedly deteriorated, reflected in the company’s 90-day default rate (TWP90), which reached 63.93%. As a result, this P2P startup’s […]

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]]> Govt to eradicate money laundering crime through crypto assets https://heaptalk.com/news/govt-to-eradicate-money-laundering-crime-through-crypto-assets/ Mon, 29 Apr 2024 11:07:55 +0000 https://heaptalk.com/?p=28886 Heaptalk, Jakarta — President Joko Widodo (Jokowi) has issued a strong call for the comprehensive handling of money laundering crimes through crypto assets. The relevant authorities must be at the forefront of eradicating these criminal acts, underlining the urgency of the matter. Indications of money laundering through crypto assets are estimated at Rp139 trillion. “Crypto […]

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