Indonesia hands OJK full crypto authority as Europe’s MiCA deadline lands on July 1

Indonesia’s parliament has passed a revised crypto law that places the Financial Services Authority (OJK) in full charge of crypto oversight as Europe’s MiCA transitional window ends on July 1. The two moves tighten licensing and compliance expectations in two major jurisdictions at the same time. Together, they raise the risk that platforms failing to meet new requirements could lose access to key markets.