BTC $68,522.00 (+1.83%)
ETH $1,990.28 (+1.73%)
XRP $1.45 (+2.83%)
BNB $631.42 (+3.04%)
SOL $86.55 (+3.47%)
TRX $0.29 (+0.11%)
DOGE $0.10 (+1.48%)
BCH $572.13 (+4.97%)
ADA $0.28 (+0.68%)
LEO $8.39 (-3.69%)
HYPE $29.90 (+1.90%)
LINK $8.96 (+3.02%)
CC $0.16 (+1.85%)
XMR $327.05 (-1.66%)
XLM $0.16 (+1.24%)
RAIN $0.01 (+0.63%)
HBAR $0.10 (+1.74%)
ZEC $261.74 (+1.21%)
LTC $55.47 (+1.97%)
AVAX $9.34 (+2.79%)

Hong Kong vs Indonesia

Crypto regulation comparison

← Back to map | Hong Kong | Indonesia
Hong Kong

Hong Kong

Indonesia

Indonesia

Legal
Legal

Hong Kong has positioned itself as a major crypto hub in Asia with a comprehensive licensing regime. The SFC implemented a mandatory licensing framework for virtual asset trading platforms (VATPs) effective June 2023. Hong Kong has no capital gains tax, making it attractive for crypto investors and businesses.

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 No tax
Tax Type Varies
Tax Rate 0%
Tax Rate 0.21% (domestic exchange) / 1% (foreign platform)
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator SFC (Securities and Futures Commission), HKMA
Regulator OJK (Otoritas Jasa Keuangan) since January 2025
Stablecoin Rules HKMA developing a licensing regime for stablecoin issuers under a 2024 bill
Stablecoin Rules Crypto traded as commodities; stablecoin-specific rules under development with OJK transition
Key Points
  • Mandatory VATP licensing regime under the AMLO effective June 1, 2023
  • No capital gains tax in Hong Kong; profits tax applies only to business profits
  • SFC approved spot Bitcoin and Ether ETFs for retail investors in April 2024
  • HKMA consulting on stablecoin issuer licensing under a dedicated bill
  • Hong Kong actively competes with Singapore as Asia's leading crypto hub
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