From commodity desk to financial regulator
Indonesia originally treated crypto-assets as commodities, supervised by Bappebti, the commodity futures regulator. That placement always sat awkwardly with how the assets were actually used, and on 10 January 2025 supervision transferred to OJK, the financial services authority, under POJK 27/2024.
The transfer is more than administrative. It moves crypto oversight into the same institution that supervises banks, insurers and capital markets, with the conduct and prudential toolkit that implies.
The whitelist
OJK publishes a list of licensed and registered digital financial asset and crypto asset trading operators — 29 as of the December 2025 publication. For an Indonesian user this is the operative check: a platform either appears on it or does not.
Not a payment instrument
Bank Indonesia has consistently held that crypto-assets are not a lawful means of payment. Trading them as an asset is permitted and supervised; paying for goods with them is not. As in Turkey, this is often reported as a ban and is not one.
Tax
Indonesia applies a final income tax on crypto transactions together with VAT, at rates set by the Ministry of Finance and collected through the exchange rather than self-assessed. Because rates have been revisited, the Directorate General of Taxes is the source to check.
Sources
- Otoritas Jasa Keuangan (OJK), Digital financial asset and crypto asset regulation (1 Dec 2025)
Not legal or tax advice. This is a summary of published rules, not legal or tax advice. Rules change; check the primary sources linked above.
Last reviewed by Conisec Staff. Review cadence: Quarterly.