The Financial Services Authority (OJK) has announced that the fee policy for the Centralized Futures Exchange (CFX) is designed to foster sustainable development in digital finance, including the cryptocurrency sector.
OJK’s Strategic Focus on CFX Fee Optimization
Hasan Fawzi, Executive Director of OJK’s Division for Technological Innovation, Digital Finance Assets, and Crypto Asset Supervision, emphasized that this year’s priority is ensuring CFX fees optimally support digital asset trading infrastructure.
Key Statement: “Policies related to costs or fees within this ecosystem aim to create an efficient, transparent market structure that sustains long-term industry growth.”
This initiative aligns with OJK Regulation No. 27 of 2024 (POJK), which governs digital financial asset transactions—including cryptocurrencies—and standardizes exchange functionalities.
Enhancing Market Transparency and Security
OJK collaborates with CFX to:
– Boost market transparency and operational efficiency.
– Optimize trading systems with high-security standards for crypto assets.
– Implement structured oversight to protect consumers from risks like market manipulation.
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Regulatory Shifts Strengthening Consumer Protection
OJK has introduced tiered supervision to safeguard consumers while encouraging CFX to innovate, including:
– Advanced trade reporting mechanisms.
– Real-time market monitoring tools.
Hasan noted, “We champion innovation but prioritize governance, risk mitigation, and consumer protection.”
Evaluating CFX’s Expansion into Crypto Assets
OJK is assessing the feasibility of expanding CFX’s scope from commodity futures to crypto assets, considering:
– Market demand
– Regulatory frameworks
– Industry trends
This follows the transfer of regulatory authority over digital financial assets (AKD)—including crypto assets and capital market derivatives—from Bappebti (Ministry of Trade) to OJK and Bank Indonesia (BI).
Key Regulatory Transfers
| Authority | Transferred Responsibilities |
|---|---|
| OJK | Crypto assets, financial derivatives (capital market) |
| BI | Financial derivatives (currency/FX market instruments) |
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FAQs: CFX Fees and Crypto Regulation
1. How do CFX fees impact cryptocurrency traders?
The optimized fee structure reduces operational costs while maintaining high-security standards, benefiting long-term traders.
2. What consumer protections does OJK provide?
OJK enforces anti-manipulation measures, transparent pricing, and mandatory risk disclosures.
3. Will CFX list more crypto assets soon?
OJK is evaluating expansion based on market readiness and regulatory compliance.
4. How does POJK Regulation No. 27/2024 affect exchanges?
It standardizes trading protocols, requiring exchanges like CFX to implement auditable reporting systems.
5. Why was oversight transferred from Bappebti to OJK?
To unify digital asset regulation under a financial-sector expert body, enhancing consistency.
6. Are derivatives trading risks addressed?
Yes, OJK and BI now jointly monitor derivatives across capital and currency markets to mitigate systemic risks.
Conclusion
OJK’s CFX fee policy and regulatory advancements underscore Indonesia’s commitment to a secure, innovative digital finance ecosystem. By balancing market growth with robust oversight, these measures position CFX as a cornerstone for sustainable cryptocurrency development.