The Indonesian government has announced a significant change in tax regulations for cryptocurrency transactions, effective August 1, 2025. The new law will impact domestic and foreign exchanges, as well as crypto miners, potentially reshaping the local crypto ecosystem.

🔹 Domestic exchanges will now pay 0.21% tax on every transaction, up from the current 0.11%.

🔹 Foreign exchanges face a much steeper increase — from 0.2% to 1%, starting August.

🔹 However, there’s a positive note for users: value-added tax (VAT) on crypto purchases is being scrapped, which previously ranged from 0.11% to 0.22%.

Domestic Platforms May Benefit

Platforms like Indodax, Tokocrypto, and Pintu are expected to benefit from this new regulation. While they’ll also face slightly higher tax rates, the pressure on foreign competitors like Binance, Bybit, and Bitget may give local exchanges a market edge.

Double VAT for Crypto Mining

The changes aren’t limited to trading. The VAT for crypto mining activities will double, going from 1.1% to 2.2% starting in August.

Indonesia's Crypto Usage Is Soaring

The tax increase comes as a response to Indonesia’s booming crypto market.

🔹 In 2024, total crypto transaction volume reached over $39.67 billion, triple that of the previous year.

🔹 In May 2025 alone, the volume hit 49.57 trillion rupiah (~$3.02 billion), a 39% increase from April.

🔹 The number of registered crypto investors climbed to 14.78 million, surpassing the number of investors in the local stock market.

Why Is the Government Acting Now?

Hasan Fawzi, Head of Innovation and Crypto Supervision at the Financial Services Authority (OJK), explained that the government is trying to keep up with the market’s rapid growth. “The rising number of users and crypto transactions shows that consumer trust and the local digital asset market remain strong,” he told Liputan6.

🔍 Summary: Indonesia is tightening crypto tax rules in response to surging adoption. Domestic exchanges may gain an advantage, while foreign platforms face steep new taxes. Crypto miners will also see a higher VAT burden. Overall, Indonesia is solidifying crypto’s role in its financial ecosystem.

#IndonesiaCrypto , #cryptotax , #crypto , #Regulation , #CryptoNews

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