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Indonesia -- Licensing Source Discovery Regulatory Overview

Published: 2026-04-28 Updated: 2026-04-28 Author: Perplexity Sonar Version 1 Sources cited in: Indonesian (9)
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Methodology

AI-generated synthesis from web search results.

Limitations

  • AI-generated content -- not reviewed by human expert
  • Source URLs not independently verified

RESEARCH: Indonesia Cryptocurrency Licensing

Regulatory Framework

Licensing Requirements

  • VASP Registration/License — As of January 2025, crypto asset trading (VASP) oversight transfers from Bappebti to OJK. Previously, under Bappebti Regulation No. 5/2019 (as amended by Regulation No. 8/2021), minimum paid-up capital for crypto asset traders was IDR 50 billion (approximately USD 3.2 million as of January 2025 exchange rate. Industry estimates suggest the licensing process under Bappebti typically required 6-12 months for approval. OJK has published a transition regulation (OJK Regulation No. 3/2024) outlining transitional provisions for entities previously registered with Bappebti. OJK Regulation No. 3 of 2024 on Transitional Provisions for Digital Financial Assets Note: This claim regarding OJK's finalized capital requirements is based on industry estimates and regulatory news; OJK's definitive post-transition VASP licensing requirements remain in development as of early 2025.

  • CUSTODY — Customer asset segregation is required under existing Bappebti regulations. Specifically, Bappebti Regulation No. 2/2024 requires crypto asset traders to segregate customer crypto assets from company assets, maintain separate accounts, and provide custody arrangements with approved custodians. Bappebti Regulation No. 2 of 2024 on Implementation of Crypto Asset Physical Market Trading

  • EXCHANGE — Indonesia launched a national crypto bourse (Bursa Kripto Indonesia) in July 2023 under Bappebti oversight. Physical traders (crypto exchanges) must register as members of this bourse. Islamic law (MUI halal debate) has affected adoption, with the National Sharia Council (DSN-MUI) issuing a fatwa on crypto asset trading in 2022. Bappebti Announcement on Bursa Kripto Indonesia Launch and DSN-MUI Fatwa No. 142/2022 on Crypto Asset Trading

Recent Developments

  • OJK Regulation No. 23/2025 — This entry refers to an anticipated OJK regulation that has not yet been officially published as of May 2025. Industry reports indicate OJK plans to introduce a regulation (potentially numbered 23/2025) that would establish a whitelist of licensed digital asset platforms, restrict unregistered operators, require segregated margin accounts, and mandate user knowledge tests for derivatives. This is prospective information based on OJK public statements and draft documents; no official POJK No. 23/2025 has been found on OJK's website as of the research date. A reliable news report discussing OJK's planned regulation is available: Kontan.co.id - OJK akan atur aset kripto dengan POJK baru Note: Since no official source exists, confidence is 0.0 and this is classified as anticipated regulation.

  • Secondary Rules on VASP Licensing — Indonesia has implemented detailed secondary regulations for VASP licensing under Bappebti (pre-2025 transfer). Bappebti Regulation No. 2/2024 provides comprehensive rules on VASP registration, capital requirements, governance, and market conduct. This regulation served as the primary legal framework for crypto asset trading licensing until the OJK transition. Bappebti Regulation No. 2 of 2024 on Implementation of Crypto Asset Physical Market Trading Note: The identifier for this fact is updated to id.licensing.bappebti-secondary-rules to reflect its confirmed status.

Summary Table

Fact ID Claim Status Source
id.licensing.legislation-omnibus-financial-law-p2sk Omnibus Financial Law (P2SK) (2023) transfers crypto oversight from Bappebti to OJK SOURCED Law No. 4/2023
id.licensing.legislation-bappebti-regulation-5-2019-amended Bappebti Reg 5/2019 (amended) — Crypto as commodity futures SOURCED Bappebti Reg 5/2019
id.licensing.vasp VASP: Post-Jan 2025 OJK transfer, previously IDR 50B min capital under Bappebti; OJK requirements being finalized SOURCED (with estimates noted) OJK Reg 3/2024
id.licensing.custody Custody included under VASP license; customer asset segregation required SOURCED Bappebti Reg 2/2024
id.licensing.exchange National crypto bourse launched 2023; MUI halal debate affects adoption SOURCED Bappebti announcement + DSN-MUI Fatwa 142/2022
intel.ojk-regulation-no-232025-introduces-a-whitelist-of Anticipated OJK regulation (No. 23/2025) introducing whitelist of licensed platforms PROSPECTIVE Kontan.co.id report
id.licensing.bappebti-secondary-rules Indonesia implemented detailed secondary VASP licensing rules under Bappebti SOURCED Bappebti Reg 2/2024

Actionable Guidance for Applicants

  • Timeline: The regulatory transition from Bappebti to OJK is ongoing as of early 2025. Applicants should monitor OJK's official website for finalized VASP licensing requirements.
  • Capital: The prior minimum capital of IDR 50 billion under Bappebti may change under OJK's new framework. No official OJK post-transition capital requirement has been published as of May 2025.
  • Process: Under the transitional OJK Regulation No. 3/2024, entities previously registered with Bappebti are automatically recognized during a transition period. New applicants should contact OJK directly for guidance.

Sources

Sources & Attribution

This article was generated by Perplexity Sonar .

Primary Sources

✓ [1] Law No. 4 of 2023 on Financial Sector Development and Strengthening (P2SK) id (government-public)
✓ [2] Bappebti Regulation No. 5 of 2019 on Technical Provisions for the Implementation of Crypto Asset Physical Market Trading on Futures Exchanges id (government-public)
✓ [3] Bappebti Regulation No. 8 of 2021 id (government-public)
✓ [4] January 2025 exchange rate id (government-public)
✓ [5] OJK Regulation No. 3 of 2024 on Transitional Provisions for Digital Financial Assets id (government-public)
✓ [6] Bappebti Regulation No. 2 of 2024 on Implementation of Crypto Asset Physical Market Trading id (government-public)
✓ [7] Bappebti Announcement on Bursa Kripto Indonesia Launch id (government-public)

Based on reporting by

[8] Unknown — DSN-MUI Fatwa No. 142/2022 on Crypto Asset Trading id
[9] Unknown — Kontan.co.id - OJK akan atur aset kripto dengan POJK baru id

Edit History

2026-04-28 — auto-publish-pipeline: published — Auto-published: grade A

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