Indonesia aims to finalize stablecoin rules by early 2027, OJK says

Indonesia's Financial Services Authority announced that it expects to have a stablecoin regulatory framework in place by roughly January 2027, defining requirements for reserves, governance, redemption and consumer safeguards while preserving rupiah sovereignty. Stablecoins are viewed as a form of programmable money that can facilitate domestic and cross-border digital payments, with USDT cited as a leading example. The rules are being shaped alongside tokenisation and real-world asset pilots emerging from OJK's regulatory sandbox.

Coordination with Bank Indonesia will continue to address opportunities and risks, and the authority stresses that firms operating in the crypto and DeFi space must obtain an OJK licence or be deemed illegal. The Financial Stability Board’s repeated warnings on crypto assets have informed the approach, and the PPSK Law provides a comparable regulatory backdrop to the UK and Japan. Non-compliant entities could face sanctions once the framework is enacted.