Crypto Regulations In Indonesia 2025

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.

Crypto regulations in Indonesia 2025

March 2025- OJK issued licenses for Digital Financial Assets (DFA) Traders

• OJK issued 19 DFA traders’ licenses, and they were processing 11 other licenses at the time.

• This initiative was part of a broader framework that includes a license for DFA exchanges, clearing, guarantee, settlement institutions, and custodians for digital assets under OJK supervision.

January 10, 2025-  Government Regulation No. 49 of 2024 and OJK Regulation No. 27 of 2024

• The supervision of crypto assets officially transitioned from the Commodity Futures Trading Regulatory Agency (Bappebti) to the Financial Services Authority (OJK).

• The new OJK regulation outlines minimum paid-up capital and equity requirements and includes detailed guidelines for onboarding customers. It also implemented a new tax regime for crypto as it became subject to both income tax and value-added tax.

• The OJK also implemented Digital Financial Asset Trading, Including Crypto Assets, which outlines licensing, transition of applications, updates the crypto asset whitelist, and the adjustment period.

January 1-6, 2025- Crypto Tax (PMK No. 131/2024 and PMK No. 81/2024)

• The value-added tax (VAT) was increased to 0.11% of transaction value, and for unregistered exchange platforms, the VAT rate doubles to 0.22%.

• While crypto tax is very low in the country, it is not totally free as it subjects mining to tax up to 0.1%.

What is the Indonesian Government Saying About Crypto?

In 2025, the Indonesian government is actively working on enhancing consumer protection facilities to foster a more secure and stable environment for crypto trading. 

• The implementation of OJK supervision aims to help the public better understand the opportunities and risks involved in crypto investments.

• The initiative also indicates a move towards treating them as financial instruments alongside traditional assets. This integration aims to bring greater clarity and stability to the crypto market.

• With stricter regulation under OJK, indonesia is aiming to boost transparency and fraud prevention, which could help mitigate risks in the crypto space.

• The OJK also introduced a regulatory sandbox, a testing environment for new financial technologies, including crypto. With this measure, the Indonesian government is aiming to embrace innovation.

Crypto License in Indonesia 2025

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. 

• Licensing: Companies previously licensed under Bappebti will automatically be recognized as licensed Digital Financial Asset Trading Providers. However, a reapplication is necessary after which the DFA traders can provide the whitelist of crypto assets. A grace period till July 2025 is given to fully comply with new requirements.

• Requirement for DFA Traders: The minimum paid-up capital of 100 billion rupiah (US$6 million) and minimum equity of 50 billion rupiah (US$3 million) requirement is retained from Bappebti’s authority, while four new key changes are introduced under OJK:

1. Fit and Proper Test for board members, shareholders, and controlling shareholders is introduced.

2. DFA traders are to store transaction data and financial records for at least ten consecutive years.

3. Requirements for data protection measures are to be followed.

4. Stricter restrictions for DFA members– cannot hold positions as members of the BOC or BOD.

If the regulations are abused, OJK has the authority to revoke the licenses. 

Crypto Tax in Indonesia 2025

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)

Crypto Adoption in Indonesia

• Crypto adoption rate: Crypto investors reached 14.6 million in the country, ranking third in global adoption in Q1 2025. This is an increase of up to 3.28% from the previous year’s adoption rate. The user penetration rate is predicted to be 16.56% in 2025 and is projected to increase to 16.98% by 2026.

• Government’s crypto holdings: Not publicly disclosed, while the country has seen significant growth in crypto transactions and usage. In Q1 2025, the crypto transaction reached IDR 109.29 trillion.

Conclusion

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.

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