This jurisdiction has evolving or restrictive regulations that require careful compliance. Additional licensing, reporting, or operational constraints may apply.
Indonesia Cryptocurrency Regulatory Overview
Indonesia permits cryptocurrency trading as a commodity but prohibits its use as a payment method. The Commodity Futures Trading Regulatory Agency (Bappebti) oversees crypto exchanges. Trading is only allowed on registered platforms. The regulatory framework emphasizes consumer protection and AML compliance. Indonesia has high crypto adoption but maintains restrictions on payments to protect the rupiah. The government is exploring CBDC development. The regulatory environment requires trading through approved channels and prohibits crypto payments.
Indonesia Blockchain Compliance Requirements
Regulatory Authority: Bappebti (commodity regulator). Legal Status: Legal as commodity; prohibited as payment. Trading: Only on registered exchanges. Payments: Crypto cannot be used for transactions. Licensing: Exchange registration with Bappebti required. Taxation: Income tax and VAT on crypto trading. AML/CFT: Requirements for registered platforms. Consumer Protection: Investor safeguards emphasized. CBDC: Digital rupiah under exploration. Risk Level: Moderate; payment restrictions.
Crypto Licensing Requirements in Indonesia
Crypto asset exchanges, clearing institutions, custodians, and traders must obtain a business license from the Financial Services Authority (OJK) under POJK 27/2024. This regulation introduces a stringent framework for Digital Financial Assets (DFAs), which is the new classification for crypto assets. The requirements include minimum paid-in capital and compliance with OJK's operational and governance standards.
Cryptocurrency Tax Treatment in Indonesia
As of August 1, 2025, crypto transactions are subject to a final income tax (ITA 22) of 0.21% on the transaction value, which is withheld by the platform. Value Added Tax (VAT) on crypto asset transactions has been eliminated under Minister of Finance Regulation No. 50 of 2025.
Official Sources & Regulatory References
AML/CFT requirements may be stringent or evolving. Enhanced due diligence may be required.
Enforcement actions may be unpredictable or strict. Monitor regulatory developments closely.
Disclaimer: This information is provided for general guidance only and should not be considered legal advice. Regulations change frequently. Always consult with qualified legal professionals in the relevant jurisdiction before making business decisions.