Can Indonesia Follow US in Adopting Bitcoin as a National Reserve Asset?

On 6 March 2025, the President of the United States, Donald Trump, signed an executive order establishing a strategic Bitcoin reserve, positioning the cryptocurrency alongside traditional assets such as gold and oil within the nation’s reserves. This groundbreaking move signifies the formal recognition of Bitcoin as a significant financial instrument, solidifying its role in the…

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OJK Monitors Blockchain Developments for the Banking Sector

The Indonesian Financial Services Authority (Otoritas Jasa Keuangan, OJK) is closely monitoring the evolution of blockchain technology and its potential applications within the banking sector. This move aligns with global financial trends as institutions explore digital innovations to maintain competitiveness in an increasingly tech-driven landscape. Dian Ediana Rae, Chief Executive of Banking Supervision at OJK,…

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Indonesia’s Cryptocurrency Trade Surges by 104% in a Month

Indonesia has witnessed a significant surge in cryptocurrency trading following the transfer of regulatory oversight from the Commodity Futures Trading Regulatory Agency (Bappebti) to the Financial Services Authority (OJK) on 10 January 2025. According to the latest report from OJK, the value of cryptocurrency transactions reached IDR 44.07 trillion in January 2025, marking a remarkable…

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