Regulatory AlertsIndonesia: crypto & digital assets regulation
RegulatedOJK assumes full crypto regulation under UU P2SK; Bappebti retains futures derivatives
- Lead regulator
- Otoritas Jasa Keuangan (OJK)
- Also involved
- Bappebti (derivatives/futures) · PPATK (AML reporting)
- Core law
- Financial Sector Development and Strengthening Act (UU P2SK)
- Entry capital
- IDR 10 billion (Digital Financial Asset Trading Operator)
- Approval timeline
- 6-12 months for full license
- Customer assets
- Segregated custody via licensed custodian
- Data protection
- PDP Law 2022 · Kominfo
- Sandbox
- Yes - OJK Regulatory Sandbox
Indonesia has shifted primary crypto asset regulation from Bappebti to the OJK under the UU P2SK framework. OJK Regulation No. 27 of 2024 establishes the licensing regime for Digital Financial Asset Trading Operators, mandating strict fit-and-proper assessments, capital requirements, and AML compliance. Bappebti retains jurisdiction over crypto derivatives and physical futures trading.
Which licence do you need?
| Your activity | Requirement | Capital | Timeline | Authority |
|---|---|---|---|---|
| Exchange / trading platform | LicenceDigital Financial Asset Trading Operator[1][2] Requires fit-and-proper assessment and business plan submission | IDR 10 billion | 6-12 months | OJK |
| Custody of client assets | LicenceDigital Financial Asset Custodian[2] Must be a separate legal entity from the trading operator | IDR 10 billion | 6-12 months | OJK |
| Token issuance / public offering | Registration[2] Issuers must register with OJK and comply with prospectus rules | — | — | OJK |
| Broker-dealer / OTC desk | LicenceDigital Financial Asset Trading Operator[2] OTC desks must operate as licensed trading operators | IDR 10 billion | 6-12 months | OJK |
| Stablecoin issuance | Uncertainverify with regulator No specific stablecoin regime; treated as digital financial asset | — | — | — |
| Crypto payments acceptance | LicencePayment Service Provider Crypto-to-fiat payments require BI payment license | IDR 10 billion | 3-6 months | Bank Indonesia |
| Mining / staking services | Unregulated Mining is legal; staking services fall under OJK if custodial | — | — | — |
| Advisory / portfolio management | LicenceDigital Financial Asset Advisor[2] Requires specific advisory license and fit-and-proper check | — | — | OJK |
New — what changed recently
- 2025-01-01OJK Regulation No. 23 of 2025 — Transfers regulatory authority for digital financial asset derivatives from Bappebti to OJK.
- 2025-01-01OJK Circular No. 34/SEOJK.07/2025 — Mandates comprehensive business plan submissions for Digital Financial Asset trading operators.
- 2025-01-09Bappebti Regulation No. 1 of 2025 — Updates the list of crypto assets permitted for trading in the physical crypto asset market.
- 2024-10-16Bappebti Regulation No. 9 of 2024 — Amends guidelines for physical crypto asset trading on futures exchanges with stricter operational requirements.
Market-entry checklist
- 1Secure OJK Trading LicenseApply for Digital Financial Asset Trading Operator license with IDR 10 billion paid-up capital.
- 2Establish Segregated CustodyPartner with or establish a separate OJK-licensed Digital Financial Asset Custodian entity.
- 3Implement AML/CFT FrameworkDeploy PPATK-compliant AML/CFT programs and report suspicious transactions to the Financial Intelligence Unit.
- 4Conduct Fit-and-Proper ChecksSubmit key executives and shareholders for OJK fit-and-proper assessments under Regulation No. 16 of 2025.
- 5Register Digital AssetsEnsure all traded assets are on the official OJK/Bappebti approved list of digital financial assets.