Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Mahendra Siregar confirmed that the transfer of management of crypto assets will be under his institution in 2025.
Currently, the management of crypto assets is still under the Commodity Futures Trading Supervisory Agency (BAPPEBTI), Ministry of Trade (Kemendag).
He agreed that currently the money laundering mode is increasingly rampant through digital assets such as crypto assets which have the potential to cause losses of up to IDR 139 trillion. Therefore, Mahendra emphasized that he is still waiting for the Draft Law on the Development and Strengthening of the Financial Sector (RUU PPSK) to be completed soon.
Previously, there was a new threat of money laundering using digital technology. Starting from virtual assets such as crypto and NFT, marketplace activities, electronic money, to artificial intelligence or AI, based on Crypto Crime Report data there are indications of money laundering from crypto assets worth US$8.6 billion or equivalent to Rp139 trillion globally.