BTC $66,753.00 (+0.68%)
ETH $1,939.50 (-0.07%)
XRP $1.41 (-0.99%)
BNB $606.11 (+0.48%)
SOL $82.12 (+1.18%)
TRX $0.28 (+2.01%)
DOGE $0.10 (-0.44%)
BCH $561.04 (+1.43%)
ADA $0.27 (-0.43%)
LEO $8.69 (+1.92%)
HYPE $28.93 (+2.06%)
XMR $334.68 (+2.83%)
LINK $8.51 (-0.47%)
CC $0.16 (-4.65%)
XLM $0.16 (-1.40%)
RAIN $0.01 (+1.62%)
ZEC $262.75 (-0.30%)
HBAR $0.10 (-1.34%)
LTC $52.56 (-0.91%)
AVAX $8.88 (+0.72%)

China vs Indonesia

Crypto regulation comparison

← Back to map | China | Indonesia
China

China

Indonesia

Indonesia

Banned
Legal

China has imposed a comprehensive ban on cryptocurrency activities. In September 2021, the PBOC and ten other agencies jointly declared all cryptocurrency transactions illegal, and the State Council banned crypto mining. China is instead promoting the digital yuan (e-CNY) CBDC.

Cryptocurrency is legal in Indonesia and classified as a commodity (not currency). Bappebti regulated crypto since 2019, but authority transitioned to OJK (Financial Services Authority) in January 2025. Under PMK 50/2025 (effective August 2025), crypto transactions incur a 0.21% final income tax via domestic exchanges (1% via foreign platforms). VAT on crypto transfers was abolished as crypto was reclassified as digital financial assets.

Tax Type Unclear
Tax Type Varies
Tax Rate N/A
Tax Rate 0.21% (domestic exchange) / 1% (foreign platform)
Exchanges No No
Exchanges Yes Yes
Mining No No
Mining Yes Yes
Regulator PBOC (People's Bank of China), CBIRC, CSRC
Regulator OJK (Otoritas Jasa Keuangan) since January 2025
Stablecoin Rules Not applicable; all crypto activities are banned
Stablecoin Rules Crypto traded as commodities; stablecoin-specific rules under development with OJK transition
Key Points
  • All crypto transactions declared illegal by PBOC and 10 agencies in September 2021
  • Crypto mining banned by the State Council in 2021 after a series of provincial crackdowns
  • Financial institutions and payment companies prohibited from facilitating crypto services
  • China actively developing and piloting the digital yuan (e-CNY) CBDC
  • Despite the ban, some Chinese citizens reportedly access crypto via VPNs and OTC desks
Key Points
  • Crypto regulated by OJK since January 2025, transitioned from Bappebti
  • 0.21% final income tax on (PPh Art. 22) crypto transaction value for sales per PMK 50/2025
  • VAT abolished under PMK 50/2025; reclassified as digital financial assets
  • Only crypto assets approved and listed by Bappebti can be traded on licensed exchanges
  • Indonesia launched a national crypto exchange (Bursa Kripto Indonesia) in 2023
Sources
Sources