Indonesia: crypto and stablecoin regulation (as of 1 November 2026)

As of 2026-11-01

In Indonesia, the Financial Services Authority (Otoritas Jasa Keuangan, OJK) regulates the trading of digital financial assets, including crypto assets, under Peraturan OJK Nomor 27 Tahun 2024 (POJK 27/2024). It was enacted on 10 December 2024, promulgated on 12 December 2024 and has been in force since 10 January 2025. It was amended by POJK 23/2025, in force since its promulgation on 10 November 2025. The regulation sets an obligation for digital financial asset operators to obtain licence status, and under it the list of tradable assets is set by the exchange. On 5 October 2026 OJK reported that by September 2026 seven regulatory sandbox participants had completed their trial and been declared "Lulus" (passed), with business models that include a Rupiah stablecoin issuer ("penerbit stablecoin Rupiah"). Bank Indonesia (BI) stated on 13 January 2018 that virtual currency, including bitcoin, is not recognised as a legal means of payment and is prohibited for use as payment in Indonesia. Indonesian quotes are given with English renderings.

This page states what the government sources say. It is not legal advice.

Status as of 1 November 2026

Status	Rule	Since / from	Source
In force	POJK 27/2024 on the trading of digital financial assets including crypto assets (Penyelenggaraan Perdagangan Aset Keuangan Digital Termasuk Aset Kripto): enacted (ditetapkan) on 10 December 2024 and promulgated (diundangkan) on 12 December 2024; "mulai berlaku pada tanggal 10 Januari 2025" (in force from 10 January 2025). It sets an obligation for digital financial asset operators to obtain licence status and to submit periodic and incidental reports.	10 January 2025	OJK, OJK press release
In force	POJK 23/2025 amending POJK 27/2024: in force from the date of promulgation, 10 November 2025, per the OJK FAQ. Its changes include turning the Crypto Asset List into the Digital Financial Asset List and placing consumer funds with the clearing, guarantee and settlement institution to improve consumer protection.	10 November 2025	OJK FAQ
Pilot	OJK regulatory sandbox: OJK reported that, by September 2026, 7 sandbox participants had completed the trial (uji coba) and been declared "Lulus" (passed), with the business models gold tokenisation, tokenisation of securities under a Kontrak Pengelolaan Dana (KPD) scheme, tokenisation of property ownership benefits, a Rupiah stablecoin issuer ("penerbit stablecoin Rupiah"), a non-trading digital financial asset custodian and a crypto fund manager. Referring to POJK 3/2024, OJK says operators with the same business model as these 7 graduated participants have the right to register with OJK without going through a sandbox trial.	5 October 2026 (OJK press release)	OJK
Statement	Bank Indonesia: "Bank Indonesia menegaskan bahwa virtual currency termasuk bitcoin tidak diakui sebagai alat pembayaran yang sah, sehingga dilarang digunakan sebagai alat pembayaran di Indonesia." (virtual currency, including bitcoin, is not recognised as a legal means of payment, and so is prohibited from being used as a means of payment in Indonesia). BI also states that it prohibits all payment system operators and financial technology operators in Indonesia, banks and non-banks, from processing payment transactions with virtual currency, as regulated in PBI 18/40/PBI/2016 and PBI 19/12/PBI/2017.	13 January 2018	Bank Indonesia
Statement	Bank Indonesia, Digital Rupiah page: "Rupiah Digital bukan termasuk dalam aset kripto ataupun stablecoins" (the Digital Rupiah is not a crypto asset or a stablecoin).	—	Bank Indonesia

Key rules

Licensing (POJK 27/2024). The regulation sets an obligation for digital financial asset operators (Penyelenggara Aset Keuangan Digital) to obtain licence status and to submit periodic and incidental reports. (OJK press release)
Asset list set by the exchange (POJK 27/2024 FAQ). "Dalam POJK ini, Daftar Aset Kripto ditetapkan oleh Bursa." (Under this regulation, the Crypto Asset List is set by the exchange.) (OJK FAQ)
Digital Financial Asset List (POJK 23/2025). POJK 23/2025 changed the Crypto Asset List (Daftar Aset Kripto) into the Digital Financial Asset List (Daftar Aset Keuangan Digital, DAKD). (OJK FAQ)
Rupiah pairs (POJK 27/2024 Art. 51(1)(a), original text). The scope of a trader's (Pedagang) activities in digital financial asset trading includes buying and/or selling between digital financial assets and the Rupiah currency. (POJK 27/2024)
Consumer funds in Rupiah (POJK 27/2024 Art. 94(4), original text). "Dana Konsumen sebagaimana dimaksud pada ayat (2) menggunakan mata uang Rupiah." (Consumer funds referred to in paragraph (2) use the Rupiah currency.) (POJK 27/2024)
Consumer funds at the clearing institution (POJK 23/2025). POJK 23/2025 provides for placing consumer funds with the clearing, guarantee and settlement institution (Lembaga Kliring Penjaminan dan Penyelesaian) to improve consumer protection. (OJK FAQ)
Segregated accounts (OJK on POJK 23/2025 Art. 87). OJK states that segregated accounts may only be opened at commercial banks that have received a business licence from OJK ("rekening terpisah hanya dapat dibuka pada bank umum yang telah mendapat izin usaha dari OJK"). (OJK)
Licensed entities (OJK, 5 October 2026). OJK has approved licences for 34 entities in the crypto asset trading ecosystem: 2 crypto exchanges, 2 clearing, guarantee and settlement institutions, 2 custodians and 28 digital financial asset traders. (OJK)
Exchange lists (OJK, August 2026). In August 2026, 1,109 digital financial assets and 49 digital financial asset derivatives were recorded on the CFX list, and 867 digital financial assets on the ICEX list, as tradable. (OJK)
Rupiah obligation (Bank Indonesia, citing the Currency Law). BI cites the rule that every transaction for the purpose of payment, or other obligations to be met with money, or other financial transactions carried out in the territory of the Republic of Indonesia must use Rupiah. (Bank Indonesia)

Timeline

Date	Event	Source
13 January 2018	Bank Indonesia statement on virtual currency as a means of payment	Bank Indonesia
10 December 2024	POJK 27/2024 enacted	OJK
12 December 2024	POJK 27/2024 promulgated	OJK
10 January 2025	POJK 27/2024 enters into force	OJK
12 January 2025	Deadline under UU P2SK for completing the transfer of digital financial asset regulation and supervision from Bappebti to OJK	OJK
10 November 2025	POJK 23/2025 promulgated and in force	OJK FAQ
9 January 2026	Transition date under POJK 23/2025 for moving digital financial asset derivative activity of parties without an OJK trader licence to licensed traders	OJK FAQ
2 July 2026	OJK, Commission XI of the DPR and stakeholders gather input for the OJK IAKD Roadmap 2026-2031; topics include asset tokenisation and stablecoin development	OJK
5 October 2026	OJK press release on the 30 September 2026 board meeting: 7 graduated sandbox participants, including a Rupiah stablecoin issuer business model; 34 licensed crypto trading entities	OJK

Not covered here

No stablecoin-specific OJK or Bank Indonesia regulation was found in the sources this page uses, and the POJK 27/2024 text used here does not contain the word "stablecoin". The 2018 Bank Indonesia release speaks of virtual currency and does not name stablecoins; whether the regulations it cites (PBI 18/40/PBI/2016 and PBI 19/12/PBI/2017) are still in force was not checked. Only the OJK FAQ on POJK 23/2025 was read, not its full text, and whether it amended Articles 51 and 94 of POJK 27/2024 was not checked. The sources this page uses do not say whether the Rupiah stablecoin sandbox graduate has registered with OJK or issued a token, and do not identify stablecoins on the CFX or ICEX lists. A stablecoin-specific OJK regulation reported in the press and the OJK IAKD Roadmap 2026-2031 were not found on ojk.go.id.

Sources

Updated: 2026-11-01 · Markdown version