JAKARTA – Financial Services Authority (OJK) is optimistic about the significant growth potential of crypto assets in 2025, driven by the rapid pace of transactions throughout 2024.

Hasan Fawzi, Executive Head of Financial Sector Technology Innovation, Digital Financial Assets, and Crypto Assets at OJK, stated that the value of crypto asset transactions in Indonesia reached IDR 556.63 trillion from January to November 2024.

According to data from the Commodity Futures Trading Regulatory Agency (Bappebti), the transaction value of crypto assets during this period increased by 356.16% year-on-year (yoy). This growth was also supported by the rising number of crypto asset investors, which surged by 33.4% yoy to 22.1 million.

“The primary opportunity for crypto asset development lies in innovation that promotes financial efficiency and inclusion. With proper oversight, crypto assets have the potential to positively contribute to the national economy, particularly in the digital financial sector,” Hasan stated in a written statement on Wednesday (5/2).

As reported by IDN Financials, OJK officially assumed oversight of crypto assets in January 2025, a role previously held by Bappebti.

However, Hasan did not specify the extent of crypto asset growth expected in 2025, citing the fact that the crypto market is heavily influenced by global sentiment and technological advancements.

On the other hand, Hasan emphasized several challenges that could hinder the development of the crypto industry. These include volatility, cyber threats, oversight infrastructure, and limited financial literacy. (EF/KR)