Indonesia

Regulatory Status

Jurisdiction code

ID

Regime

Licensing

Regulator

Bappebti / OJK

Governing law

Bappebti Regulation 5/2019 / OJK transition 2025

Travel Rule

Legislated

Tracked entities

41

Recognized stablecoin backing

fiat-backed, crypto-backed, commodity-backed

Yield-bearing stablecoins

Restricted

Currency

IDR

Regulatory approach

OJK is Indonesia's primary financial services regulator responsible for supervising digital financial assets, crypto-assets, and stablecoin offerings as of January 10, 2025. OJK Regulation No. 27 of 2024 consolidates crypto asset trading, settlement, and custody under OJK's Technology Innovation in Financial Sector (ITSK) unit. OJK has broad supervisory powers including licensing, inspection, reporting requirements, and enforcement. Bank Indonesia, the central bank, enforces the Currency Law establishing the rupiah as sole legal tender, prohibits cryptocurrency use as payment, and is developing the digital rupiah CBDC. OJK issues licenses to trading platforms, custodians, and clearing institutions; compliance deadline for existing businesses was July 2025.

Licensed entities in Indonesia

41 regulated-entity records tracked in Indonesia by Plexo Institute.

Stablecoin laws in Indonesia

Primary legal texts Plexo Institute tracks for Indonesia.

• Government Regulation No. 27 of 2024 (In Force) (enacted 2025-01-10)

  Defines Digital Financial Assets and Cryptoassets Reclassifies Cryptoassets as a Financial product aligning with Law No. 4 of 2023. Provide trading regulations in relation to cryptoassets trading.

• Law No. 4 of 2023 (PPSK Law) (In Force) (enacted 2023-01-12)

  Aims to modernise and strengthen Indonesia’s financial industry. Recognises Cryptoassets as a Digital Financial Asset rather than a Commodity.

Regulatory events in Indonesia

Dated regulatory developments Plexo Institute tracks for Indonesia, most recent first.

• Bank Indonesia announces their initiative to develop a national stablecoin backed by digital rupiah and government securities (2025-11-07 · Regulatory)
• Government Regulation No. 27 of 2024 comes into effect. (2025-01-10 · Legislative)

  Implementation of Digital Financial Assets Trading (Cryptoassets included)

• The transfer of supervisory authority from Commodity Futures Trading Regulatory Agency to Financial Services Authority (OJK) (2024-12-31 · Legislative)

  Government Regulation No. 49 of 2024 (31 December 2024) governs the transfer of power between the two regulatory authorities.

• OJK publishes the implementation of Digital Financial Assets Trading (Cryptoassets included) (2024-12-12 · Legislative)
• Law No. 4 (PPSK Law) comes into force (2023-01-12 · Legislative)

  Reclassifies cryptoassets as “digital financial assets”. Law No. 4 establishes a new legal framework for regulating cryptoassets activities.

• Bank Indonesia publishes first whitepaper for Project Garuda (digital rupiah). (2022-11-30 · Regulatory)
• Bappebti Regulation No. 8 of 2021 comes into force (2021-10-29 · Regulatory)

  Bappebti defines cryptoassets as an intangible commodity in digital form. Additionally, it permits crypto trading with the approval of the head of Bappebti (Commodity Futures Trading Regulatory Agency)

Relationship Graph

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Jurisdiction FAQ

Who regulates Indonesia?

The current Plexo Institute record lists Bappebti / OJK as the regulator for Indonesia.

How many VASPs are tracked in Indonesia?

41 VASP/entity records are tracked by Plexo Institute in Indonesia.

What is the Travel Rule status in Indonesia?

The current Plexo Institute record lists the Travel Rule status for Indonesia as Legislated.

Source Evidence

This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.

• OJK/Bappebti Register
• Atlantic Council Tracker