📌 TL;DR OJK Responds to Proposal for Bitcoin-Backed Reserves by Indonesia’s Danantara Fund Indonesia’s Financial Services Authority (OJK) has responded to a recent proposal suggesting that Bitcoin be used as part of the reserve assets for Danantara, a newly proposed Indonesian sovereign wealth initiative. The suggestion, coming from players in the domestic digital asset industry, represents a potentially bold step toward integrating cryptocurrency into state-level investment strategies. What Is Danantara? Danantara, short for Badan Pengelola Investasi Daya Anagata Nusantara, is a state-backed investment entity introduced by the Indonesian government. Its mission is to consolidate and manage state-owned assets (primarily from…