New regulations for digital assets in Indonesia, as the FSA implements comprehensive 'fit and proper' tests in the digital assets sector.
Indonesia's Financial Services Authority (OJK) has introduced a new regulation, POJK 16/2025, requiring Fit and Proper Tests (FPT) for controlling shareholders, directors, commissioners, and key decision-makers in the Fintech and Digital Assets (FADA) sector. This new regulation marks a shift from the previous Bappebti framework and aims to strengthen governance and compliance standards in Indonesia's FADA sector.
The analysis provided by Dentons HPRP, a leading law firm, covers the scope of the new requirements, implications of non-compliance, and their impact on various aspects of the FADA sector in Indonesia. Andre Rahadian, Mika Isac Kriyasa, and Gabriela Zefanya Hartanto, partners and associates at Dentons HPRP, have analyzed the new requirements, their implications, and impact on acquisitions, ownership, and governance in Indonesia's digital economy.
The new regulation is significant for all parties involved in the FADA sector in Indonesia. The FPT is a mandatory legal requirement with severe consequences for non-compliance. The analysis provides practical guidance for industry participants navigating this transition, drawing from the firm's expertise in regulatory compliance, digital finance, and corporate transactions.
The new requirements under POJK 16/2025 have significant implications for acquisitions, ownership, and governance in Indonesia's digital economy. The authors of the analysis provide insights into the scope of the new requirements, the implications of non-compliance, and their impact on various aspects of the FADA sector in Indonesia.
For more information about related legal services, interested parties can contact the partners listed in the Key Contact section. It is crucial for all parties in the FADA sector to understand and comply with the new regulations to ensure a smooth transition and maintain their operations in the digital economy.
