OJK Approves Crypto Derivatives Trading under POJK 23/2025

The Financial Services Authority (OJK) revised POJK 27/2024 by issuing POJK 23/2025, which authorises the trading of digital financial asset derivatives, including cryptocurrencies. The regulation was enacted on 10 November 2025 and took effect immediately.

Under the new rule, digital asset trading platforms may offer crypto derivative contracts, provided they allocate margin in a dedicated account, sign a cooperation agreement with an approved exchange, and submit written notice to OJK for consumer‑direct trades. Consumers must also pass a knowledge test administered by the crypto asset trader.

The measure gives legal certainty to the crypto derivatives market, potentially expanding investment options while strengthening consumer protection through margin safeguards and knowledge testing. Service providers will need to adjust their operations and reporting to comply with the new requirements.