regulasi kripto di indonesia

Cryptocurrencies have become a global phenomenon, attracting millions of investors. In Indonesia, interest in crypto assets has surged. However, with this rapid growth, investors need to understand the regulatory framework in place. This article provides an in-depth discussion of cryptocurrency regulations in Indonesia, from their history to implications for investors.

A Brief History of Cryptocurrency Regulations in Indonesia

The development of crypto assets in Indonesia has caught the attention of regulators. Initially, cryptocurrencies were seen as a new commodity lacking specific regulations. However, as trading activity and associated risks increased, the Indonesian government began taking steps to regulate this industry.

One of the significant milestones in crypto regulation in Indonesia was the issuance of Bappebti Regulation No. 5 of 2019 on Crypto Asset Futures Trading. This regulation provides a clear definition of crypto assets, sets requirements for crypto traders, and governs the trading mechanisms on futures exchanges.

Read more: Bitcoin ETF: How It Works and The Differences with Bitcoin

Legal Basis for Crypto Regulations in Indonesia

Crypto regulations in Indonesia are based on several laws and regulations, including:

  • Law No. 32 of 1997 on Commodity Futures Trading: The legal foundation for regulating futures trading, including crypto assets.
  • Government Regulation No. 99 of 2018: Provides general guidelines for organizing crypto asset trading in Indonesia.
  • Bappebti Regulation No. 5 of 2019: Specifically regulates futures contracts for crypto assets.

Objectives of Crypto Regulations in Indonesia

The primary objectives of crypto regulations in Indonesia are:

Investor Protection

  • Prevent fraud: Protect investors from Ponzi schemes, scams, and other frauds common in the crypto market.
  • Transparency: Ensure accurate and transparent information about traded crypto assets for smarter investment decisions.
  • Product Standards: Set quality and safety standards for crypto products in the market.
  • Complaint Mechanisms: Provide clear channels for reporting violations and seeking legal protection.

Financial System Stability

  • Prevent money laundering and terrorism financing: Ensure crypto assets are not misused for illegal activities.
  • Manage volatility: Implement mechanisms to reduce extreme price fluctuations that could disrupt market stability.
  • Integrate with the existing financial system: Ensure crypto trading aligns with other financial regulations.

Blockchain Industry Development

  • Facilitate innovation: Encourage the development of blockchain technology and applications that benefit society.
  • Attract investments: Create a conducive investment climate to attract domestic and foreign investors.
  • Standardize technology: Set technical standards for blockchain-based product development.

Enhance Financial Literacy

  • Public education: Increase public understanding of blockchain technology and crypto assets, including their risks and benefits.
  • Promote prudent investing: Foster a culture of rational and cautious investment among the public.

Support Financial Inclusion

  • Expand access: Provide financial services to the unbanked or underbanked through crypto assets.
  • Lower transaction costs: Leverage blockchain technology to reduce financial transaction fees.

The Transition from Bappebti to OJK and BI in 2025

The Ministry of Trade, through the Commodity Futures Trading Supervisory Agency (Bappebti), has officially transferred the authority to regulate and supervise digital assets, including crypto assets and financial derivatives, to the Financial Services Authority (OJK) and Bank Indonesia. This transfer was marked by the signing of a handover report and a memorandum of understanding. 

Minister of Trade Budi Santoso stated that this step aims to provide legal certainty for the digital finance sector and ensure the safety of market participants. The tasks transferred to OJK include the regulation and supervision of digital assets in the capital market, while Bank Indonesia oversees financial derivatives in the Money Market and Foreign Exchange Market (PUVA).

This transfer is carried out following the mandate of Law No. P2SK and Government Regulation No. 49 of 2024, with a target completion within 24 months. In the process, Bappebti, OJK, and BI coordinate regarding regulations, supervision, infrastructure, and public education. OJK has issued regulations related to the trading of digital assets, while BI regulates the money market and foreign exchange, including PUVA derivatives. BI and Bappebti have formed a Working Group to support the smooth transition. All previously issued permits remain valid during this transition period.

Read more: Tokenization: How Blockchain is Revolutionizing Asset Ownership

Tips for Crypto Investors in Indonesia

  1. Choose registered platforms: Ensure your trading platform is registered and supervised by OJK and BI.
  2. Conduct thorough research: Investigate crypto assets thoroughly before investing.
  3. Diversify your portfolio: Spread your investments across various crypto assets to reduce risks.
  4. Be wary of scams: Avoid offers promising unrealistic returns.
  5. Consult experts: If unsure, seek advice from experienced financial advisors in the crypto field.

Sources:

Bappebti Terbitkan Empat Peraturan Aset Kripto dan Emas Digital. Accessed in 2025. Kementrian Perdagangan Republik Indonesia.

Bappebti Kemendag Resmi Alihkan Tugas Pengaturan dan Pengawasan Aset Kripto serta Derivatif Keuangan kepada OJK dan BI. Accessed in 2025. Kementrian Perdagangan Republik Indonesia.

‍Disclaimer:
This content is intended to provide additional information to readers. Always conduct your own research before making investment decisions. The reader is responsible for all trading and investment activities involving crypto assets.