Dubai’s Digital Property Regulatory Authority (VARA) and the Indonesia Monetary Providers Authority (OJK) have signed a Memorandum of Understanding (MoU) to deepen collaboration within the supervision of digital belongings.

The partnership goals to boost regulatory and supervisory coordination between two of the world’s most dynamic digital asset markets: Indonesia, one of many largest world retail markets for crypto, and Dubai, a number one world vacation spot for Digital Asset Service Suppliers (VASPs), traders, and expertise.

A brand new mannequin for cross-border supervision

Beneath the MoU, OJK, Indonesia’s built-in monetary regulator, and VARA, the world’s first devoted digital asset regulator, will cooperate in a number of key areas. These embrace the trade of knowledge, capability constructing, coverage discussions, cross-border supervision, and investigative and technical help.

The settlement was signed on 13 November 2025, and was adopted by a bilateral assembly and a collection of coverage discussions on digital asset supervision.

Given the worldwide and borderless nature of digital belongings, each regulators pressured that fostering cross-border cooperation is essential.

Mr. Hasan Fawzi, chief govt of monetary sector technological innovation, digital monetary asset and digital asset supervision, and a member of the OJK Commissioner Board, mentioned: “VARA is an establishment with a well-defined mandate that intently aligns with that of IAKD. This shared mandate gives a robust foundation for establishing significant collaboration between our two authorities. Such collaboration will help better interoperability, reinforce the efficient implementation of AML/CFT requirements, and improve shopper safety throughout the digital asset ecosystem.”

Aligning high-growth markets

The partnership aligns two high-growth digital asset markets on a shared imaginative and prescient for accountable innovation and regulatory excellence.

Mr. Matthew White, chief govt officer of VARA, commented: “This partnership between OJK and VARA aligns two of the world’s most dynamic and high-growth digital asset markets on a shared imaginative and prescient for accountable innovation and regulatory excellence. By formalising structured cooperation on supervision, enforcement, and knowledge sharing, we’re not solely strengthening investor safety and our joint capabilities to mitigate monetary crime dangers, but in addition setting new requirements for cross-border oversight in an more and more borderless economic system.”

White added: “VARA is constructing a globally trusted framework that allows credible gamers to function with confidence, readability, and compliance. Our collaboration with OJK underscores Dubai’s position as a world nexus for the digital asset trade by connecting rising and mature markets by way of clear, interoperable, and forward-looking regulation.”