How is crypto regulated in Indonesia?

Crypto regulation in Indonesia is led by the financial services authority, Otoritas Jasa Keuangan (OJK), which treats crypto as a type of digital financial asset. Bank Indonesia keeps a separate role, enforcing the rule that only the rupiah can be used for payments. Whether crypto is legal for individuals is covered in is crypto legal in Indonesia.

What are the main crypto laws in Indonesia?

The starting point is Law 4 of 2023 on financial sector development, known as the P2SK Law. It brought digital financial assets into the financial sector. Government Regulation 49 of 2024 then moved supervision from Bappebti to OJK with effect from January 10, 2025, according to law firm A&NR.

OJK's operational rulebook is Regulation 27 of 2024 (POJK 27/2024), also in force from that date. Existing Bappebti licences stayed valid, and licensed firms had until July 2025 to meet OJK standards on governance, consumer protection and data protection.

In June 2026 Law 4 of 2026 amended the P2SK Law. Law firm DFDL says it took effect on June 17, 2026, extends consumer protection rules to crypto businesses and lets OJK suspend or block activity that breaks the rules, including offshore platforms serving Indonesians.

How does OJK crypto regulation work?

OJK licenses four kinds of business that together form the market. As of July 2026, DFDL counted two exchanges, two clearing and settlement institutions, two custodians and 26 digital financial asset traders, the firms that serve retail customers through apps.

Directors, commissioners and controlling shareholders of new firms must pass OJK fit and proper tests. Each exchange sets its own list of tradable assets rather than one national list. DFDL reported that the exchange CFX listed 1,214 crypto assets and ICEX listed 871.

Regulation 23 of 2025 amended the rulebook. Law firm SSEK says it classed crypto derivatives as digital financial assets under OJK oversight, moved segregated customer accounts into the names of clearing institutions and let traders meet travel rule duties through third-party providers. It also requires operators to register as electronic system providers.

How do you get an Indonesia crypto exchange license?

There is no single licence for every activity. A business must apply to OJK for the specific role it will play, such as exchange, clearing house, custodian or trader, and meet the governance and fit and proper rules for that role. Under the 2025 amendment, applications from traders that do not answer OJK's requests for documents can be cancelled, and custodians no longer need a recommendation from a clearing institution.

Bank Indonesia remains in charge of payments, so even a licensed firm cannot offer crypto as a way to pay for goods. Sales on licensed platforms carry a final tax, explained in how crypto is taxed in Indonesia. For comparison with neighbouring markets, see crypto regulation around the world.

Rules differ by country and change often. Check OJK or a qualified professional for your own situation.