Crypto & Digital Assets · Indonesia
Is crypto legal in Indonesia? Rules & regulation (2026)
Indonesia shaded by its crypto & digital assets status
Crypto is regulated in Indonesia.
FrameworkOJK Regulation No. 27 of 2024 (as amended by POJK No. 23 of 2025) on Trading of Digital Financial Assets Including Crypto Assets; Government Regulation No. 49 of 2024 (transfer of authority from Bappebti to OJK/Bank Indonesia); Law No. 4 of 2023 on the Development and Strengthening of the Financial Sector (P2SK Law); Law No. 7 of 2011 on Currency (rupiah as sole legal tender); Ministry of Finance Regulation (PMK) No. 50 of 2025 on crypto taxation.
Crypto assets are legal to trade and hold as 'digital financial assets' but are prohibited as a means of payment under Indonesia's Currency Law, which reserves that role for the rupiah. Since 10 January 2025, the Financial Services Authority (OJK) has taken over primary regulatory and supervisory authority from Bappebti (commodity futures agency) under Government Regulation 49/2024, operating a comprehensive licensing regime for exchanges, custodians and traders (POJK 27/2024, amended by POJK 23/2025 in December 2025). Bank Indonesia retains authority over payment/monetary aspects and is developing a digital rupiah with stablecoin-like features.
Key points
Effective 10 January 2025, regulatory and supervisory duties for digital financial assets (crypto and derivatives) were transferred from Bappebti to OJK and Bank Indonesia under Government Regulation 49/2024, with a two-year transition period ending January 2027 for full institutional handover. Previously issued Bappebti licenses remain valid to the extent not inconsistent with new rules.
POJK 27/2024 (issued 10 December 2024), amended by POJK 23/2025 (issued 4 December 2025), governs the trading of digital financial assets including crypto and now crypto derivatives. It requires licensing of all crypto exchanges, traders (PFAK), custodians and clearing infrastructure, and mandates whitelisted assets, AML/CFT compliance, capital, consumer protection, market integrity and consumer knowledge tests for derivatives.
Under Law No. 7 of 2011 on Currency, the rupiah is the only legal tender in Indonesia; Bank Indonesia prohibits the use of cryptocurrency (and today, private stablecoins) as a payment instrument regardless of party agreement. Crypto is only lawful as an investable digital financial asset.
Under POJK 3/2024 on Financial Sector Technology Innovation (ITSK), new digital-asset business models (including tokenisation and DFA activities) must enter the OJK regulatory sandbox; a 'Passed' status is followed by a 6-month window to apply for a full ITSK/DFA licence.
Effective 1 August 2025, Ministry of Finance Regulation 50/2025 removed VAT (PPN) on crypto asset transfers and raised the final income tax (PPh Article 22) to 0.21% for transactions on domestic (OJK-licensed) platforms and 1% for foreign platforms; VAT still applies to platform service fees (12% on 11/12 of commission) and to mining services (2.2%). Mining income is taxed under normal income tax from 2026.
At the Indonesia Financial & Digital Economy Festival (30 October 2025), Bank Indonesia Governor Perry Warjiyo announced a national digital rupiah backed by tokenised government securities, structured with stablecoin-like mechanics but issued as a direct central-bank liability. Rollout will be phased (wholesale first, then retail); no private-issuer stablecoin regime yet exists.
Timeline - major decisions & events
OJK amended POJK 27/2024 to formally regulate trading of digital-asset derivatives, requiring exchange approval and customer knowledge tests, aligning Indonesia's rules with global market practice. Established 31 Oct 2025, promulgated 10 Nov 2025.
OJK ↗The Finance Ministry's PMK 50/2025 took effect, removing buyer-side VAT and treating crypto as a financial instrument; sellers face a final income tax (0.21% on domestic exchanges, higher for foreign platforms), reflecting the shift to OJK oversight.
Directorate General of Taxes (DJP) ↗Under the P2SK Law and Government Regulation 49/2024, regulatory authority over crypto and digital financial assets moved from the commodity regulator Bappebti to the Financial Services Authority (OJK), reclassifying crypto from a commodity to a financial instrument.
OJK ↗OJK enacted Regulation 27/2024 governing the conduct of digital financial asset and crypto trading, covering licensing, governance, AML, market integrity and consumer protection, as the framework for the post-transition era effective 10 January 2025.
OJK ↗Bappebti inaugurated the Commodity Future Exchange (CFX/PT Bursa Komoditi Nusantara) plus a clearing house and depository, separating trading from custody to strengthen oversight of Indonesia's ~17.5 million crypto traders.
ANTARA ↗The omnibus P2SK Law was promulgated, mandating that supervision of crypto and digital financial assets be moved to OJK within two years, the legal basis for reclassifying crypto as a financial instrument.
BPK (Official Legal Database) ↗Finance Ministry Regulation 68/2022 took effect, imposing VAT and a 0.1% final income tax on crypto transactions through registered exchanges, Indonesia's first dedicated crypto tax regime.
MUC Consulting ↗Bappebti Regulation No. 5/2019 set technical rules allowing crypto assets to be legally traded as commodities on regulated futures exchanges, subject to AML/CFT, consumer-protection, local-server and 5-year data-retention requirements.
Elliptic ↗Ministry of Trade Regulation No. 99/2018 established the general policy permitting crypto-asset trading as a commodity, providing legal certainty while keeping crypto barred as a means of payment.
Cointelegraph ↗Bank Indonesia issued a press release warning all parties not to sell, buy or trade virtual currencies such as Bitcoin, reaffirming they are not legal payment instruments and citing speculation, AML/CFT and consumer-protection risks.
Bank Indonesia ↗Bank Indonesia first stated that Bitcoin and other virtual currencies are not recognized as valid means of payment, anchoring the rupiah-only payment rule later codified in PBI 17/2015 and PBI 18/2016.
ANTARA ↗Indonesia - other topics
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