Cryptocurrency assets are currently supervised by the Financial Services Authority (OJK) and Bank Indonesia (BI) in Indonesia. Previously, the supervision of cryptocurrency assets was under the Commodity Futures Trading Regulatory Agency (Bappebti). OJK and BI now oversee cryptocurrency assets and digital financial assets as a follow-up to Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector.
The supervision of cryptocurrency from Bappebti to OJK and BI was formalized in early January 2025.
OJK Regulation:
OJK has issued Financial Services Authority Regulation (POJK) Number 27 of 2024 concerning the Implementation of Digital Financial Asset Trading Including Cryptocurrency.
Supervision by OJK aims to enhance consumer protection and maintain the stability of the digital financial system, including cryptocurrency assets.
The transition of supervision is expected to provide legal certainty for the digital financial sector and financial derivatives in Indonesia.
Here are some cryptocurrencies that are legal to trade in Indonesia because they are officially registered with BAPPEBTI:
1. Bitcoin (BTC) – The king of cryptocurrency, legal and still a favorite among investors.
2. Ethereum ( $ETH ) – The backbone of smart contracts and NFTs.
3. Tether (USDT) & USD Coin (USDC) – Stablecoins for those looking to hedge.
4. Binance Coin ( $BNB ) – Utility token from the Binance ecosystem.
5. Solana ( $SOL ) – Fast, efficient, and increasingly popular.
Disclaimer: Cryptocurrency is not an official payment tool & its value can fluctuate drastically. So, always DYOR (Do Your Own Research)!
