Indonesia's Financial Services Authority Appoints Hasan Fawzi as Head of Fintech and Crypto Oversight
Indonesian financial services watchdog appointed Hasan Fawzi, a former Indonesia Stock Exchange executive, as the head of fintech and digital assets oversight and innovation.
Fawzi has served as the Director at Indonesia Bond Pricing Agency (IBPA) since 2008, which is a licensed securities pricing agency and a subsidiary of the Indonesia Stock Exchange (IDX).
He has joined the country's Financial Services Authority (OJK), which regulates and supervises the financial services sector, along with another new member, according to several news outlets, including Tech in Asia, The Jakarta Post, and the Asia Topnews Media.
Per the reports, the House of Representatives Commission, which oversees banking and finance, approved Fawzi and Lodewik Paulus Agusman as members of the OJK Board of Commissioners after the two passed "the aptitude test" on Monday.
Fawzi is now the Executive Director for the Supervision of Technological Innovation in the Financial Sector, Digital Financial Assets, and Cryptoassets.
Therefore, peer-to-peer lending platforms, crypto, and other elements of the developing industry are within his domain.
Agusman, who previously headed the internal audit department at the central Bank Indonesia, was elected Director General for the Supervision of Financial Institutions, Venture Capital Companies, Microfinance Institutions, and Other Institutions Providing Financial Services.
The candidates were interviewed at the House, and will now need to be approved by President Joko Widodo.
The country seems to be working towards enabling crypto usage, but issues remain.
As reported, in late February, Didid Noordiatmoko, head of the country's Commodity Futures Trading Regulatory Agency (Bappebti), said that the nation aimed to
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