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Greenland vs Indonesia

Crypto regulation comparison

Greenland

Greenland

Indonesia

Indonesia

No Data
Legal

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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 -
Regulator OJK (Otoritas Jasa Keuangan) since January 2025
Stablecoin Rules -
Stablecoin Rules Crypto traded as commodities; stablecoin-specific rules under development with OJK transition
Key Points

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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

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