Is crypto legal in Indonesia?
Cryptocurrency is legal in Indonesia, but subject to regulatory restrictions.
South-Eastern Asia · ID · 8 of 9 dimensions sourced
Indonesia crypto policy at a glance
Stage of the central bank digital currency programme — research, pilot, or launched.
Whether crypto is legal, restricted, or banned for individuals and businesses.
“Bappebti mengalihkan tugas pengaturan dan pengawasan aset keuangan digital termasuk aset kripto serta derivatif keuangan kepada Otoritas Jasa Keuangan (OJK) dan Bank Indonesia (BI).”
Whether the jurisdiction licenses crypto/VASP service providers.
“OJK menerbitkan POJK Nomor 27 Tahun 2024 tentang Penyelenggaraan Perdagangan Aset Keuangan Digital Termasuk Aset Kripto.”
Rules governing stablecoin and e-money-token issuance.
“Bank Indonesia has not established a specific regulatory framework for stablecoins. Any use of virtual currencies including so‑called stablecoins as payment instruments is prohibited and they are not recognized as legal payment instruments in Indonesia.”
How crypto gains are taxed and reported, including OECD CARF participation.
“atas penyerahan aset kripto dipersamakan dengan surat berharga, sehingga tidak dikenai PPN”
How decentralized finance (DeFi) is treated by regulators.
“OJK melarang lembaga jasa keuangan menggunakan, memasarkan, dan/atau memfasilitasi perdagangan aset kripto.”
Whether NFTs are addressed in regulation.
“Objek Pajak Pertambahan Nilai atas aset kripto sebagaimana dimaksud dalam Pasal 3 ayat (1) huruf a termasuk antara lain: a. cryptocurrency; b. token non-fungible (non-fungible token/NFT); dan/atau c. aset kripto lain yang sejenis.”
Policy toward crypto mining — permitted, restricted, or banned.
Intensity of regulatory enforcement actions against crypto firms.
“OJK maintains public announcements and investor warnings on illegal financial activities, including crypto-related schemes.”
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