Jurisdiction reference
Indonesia
Regulator: Bappebti / OJK. License/registration context: Licensing. 41 VASP/entity records are tracked by Plexo Institute in Indonesia. Official registry source: OJK/Bappebti Register. Data last updated: 2026-08-28.
Indonesia is transitioning from a commodity-focused regulatory approach (previously BAPPEBTI) to a financial services framework under OJK. As of January 10, 2025, OJK Regulation No. 27 of 2024 transfers oversight of digital financial assets/crypto assets from BAPPEBTI to OJK. A draft OJK regulation on digital financial asset offerings (including stablecoins) was released September 19, 2025 for public consultation, establishing a three-tier approval framework based on offering value and asset type. Bank Indonesia is developing a national stablecoin backed by government bonds (tokenized SBN) to be integrated with the digital rupiah CBDC (Project Garuda). The framework permits fiat-backed, crypto-backed, and commodity-backed stablecoins, but prohibits unbacked algorithmic stablecoins. Custody requirements and governance standards are mandated for backed asset issuers. Existing businesses have a compliance deadline of July 2025 for full adherence to OJK Regulation 27/2024.
Regulatory Status
- Jurisdiction code
- ID
- Regime
- Licensing
- Regulator
- Bappebti / OJK
- Governing law
- Bappebti Regulation 5/2019 / OJK transition 2025
- Travel Rule
- Legislated
- Tracked entities
- 41
- Recognized stablecoin backing
- fiat-backed, crypto-backed, commodity-backed
- Yield-bearing stablecoins
- Restricted
- Currency
- IDR
Regulatory approach
OJK is Indonesia's primary financial services regulator responsible for supervising digital financial assets, crypto-assets, and stablecoin offerings as of January 10, 2025. OJK Regulation No. 27 of 2024 consolidates crypto asset trading, settlement, and custody under OJK's Technology Innovation in Financial Sector (ITSK) unit. OJK has broad supervisory powers including licensing, inspection, reporting requirements, and enforcement. Bank Indonesia, the central bank, enforces the Currency Law establishing the rupiah as sole legal tender, prohibits cryptocurrency use as payment, and is developing the digital rupiah CBDC. OJK issues licenses to trading platforms, custodians, and clearing institutions; compliance deadline for existing businesses was July 2025.
Relationship Graph
Jurisdiction FAQ
Who regulates Indonesia?
The current Plexo Institute record lists Bappebti / OJK as the regulator for Indonesia.
How many VASPs are tracked in Indonesia?
41 VASP/entity records are tracked by Plexo Institute in Indonesia.
What is the Travel Rule status in Indonesia?
The current Plexo Institute record lists the Travel Rule status for Indonesia as Legislated.
Source Evidence
This profile is compiled from official legislation and regulator records. Source confidence: official source evidence.