In 2025, Indonesia made a big shift in its crypto regulatory framework oversight as it transitioned from Bappebti to OJK. The Indonesian crypto market is experiencing significant growth in transaction volume and user numbers, driven by a tech-savvy population and increasing interest in digital assets. Indonesia has legalized the trading of crypto but has reasonably regulated it with strict regulations.
March 2025- OJK issued licenses for Digital Financial Assets (DFA) Traders
January 10, 2025- Government Regulation No. 49 of 2024 and OJK Regulation No. 27 of 2024
January 1-6, 2025- Crypto Tax (PMK No. 131/2024 and PMK No. 81/2024)
In 2025, the Indonesian government is actively working on enhancing consumer protection facilities to foster a more secure and stable environment for crypto trading.
OJK reclassified crypto assets as digital financial assets under new terms to regulate licensing. It also changed Bappebti’s authority to issue the list of crypto assets that could be traded on crypto platforms and gave the authority to the DFA.
DFA issued its first list in April 2025, which contained 1,444 crypto assets, marking an increase from Bappebti’s listing of 851.
If the regulations are abused, OJK has the authority to revoke the licenses.
Beginning from January 2025, Indonesia has implemented a set of crypto taxes along with guidance on penalties. Delay in filing can result in a fixed penalty (IDR 100,000 to IDR 1,000,000) and interest charges of 2% per month, up to 24 months.
Transaction Type | VAT Rate | Final Income Tax (PPh) |
Registered exchange | 0.12% | 0.1% |
Unregistered exchange | Higher (prev. 0.22%) | 0.2% |
Mining (VAT) | 1.1% | 0.1% (income) |
With stricter crypto regulations in the nation, investors are feeling safe to trade cryptocurrency, marking a significant growth in trading volume and user base. Popular coins like USDT, BTC, DOGE, PEPE, and XRP are driving much of the transaction volume in Indonesia. If these regulations and security measures are preserved, Indonesia may position itself as a crypto leader in Southeast Asia in the near future.
Yes, cryptocurrency trading is legal in Indonesia. While cryptocurrencies are prohibited from being used as a payment instrument by Bank Indonesia, they are recognized and regulated as commodities that can be traded on futures exchanges. This legal framework allows for active participation in the crypto market.
No, crypto is not tax-free in Indonesia. As of January 2025, Indonesia has implemented a crypto tax regime. Transactions are subject to Value-Added Tax (VAT) (0.11% for registered exchanges, 0.22% for unregistered) and a final income tax (0.1% for registered, 0.2% for unregistered). Crypto mining is also subject to a 0.1% income tax.
Yes, Indonesia is generally considered a crypto-friendly country, especially after its 2025 regulatory shifts. It ranks high globally in crypto adoption (3rd in Q1 2025) and has a tech-savvy population. The government’s moves to enhance consumer protection, increase transparency, and introduce a regulatory sandbox signal its commitment to fostering a secure and innovative crypto environment.
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