BTC $67,302.00 (+0.77%)
ETH $1,954.73 (-0.63%)
XRP $1.42 (-0.05%)
BNB $607.82 (+0.22%)
SOL $83.00 (+1.40%)
TRX $0.28 (+1.27%)
DOGE $0.10 (+0.11%)
BCH $560.43 (+0.28%)
ADA $0.27 (-0.30%)
LEO $8.66 (+0.13%)
HYPE $29.44 (+3.16%)
XMR $335.33 (+1.52%)
LINK $8.61 (-0.61%)
CC $0.16 (-3.47%)
XLM $0.16 (-0.77%)
RAIN $0.01 (-1.63%)
ZEC $265.58 (+0.30%)
HBAR $0.10 (-1.22%)
LTC $53.08 (-1.00%)
AVAX $8.93 (+0.27%)

Indonesia vs Latvia

Crypto regulation comparison

← Back to map | Indonesia | Latvia
Indonesia

Indonesia

Latvia

Latvia

Legal
Legal

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.

Cryptocurrency is legal in Latvia and regulated under the EU MiCA framework. Since 2023, the financial regulator FKTK merged into Latvijas Banka, which now oversees VASP registration and AML compliance. Capital gains from crypto are taxed at 20%. Latvia has been proactive in implementing EU-wide crypto standards.

Tax Type Varies
Tax Type Capital gains
Tax Rate 0.21% (domestic exchange) / 1% (foreign platform)
Tax Rate 20%
Exchanges Yes Yes
Exchanges Yes Yes
Mining Yes Yes
Mining Yes Yes
Regulator OJK (Otoritas Jasa Keuangan) since January 2025
Regulator FKTK (Finanšu un kapitāla tirgus komisija) / Latvijas Banka
Stablecoin Rules Crypto traded as commodities; stablecoin-specific rules under development with OJK transition
Stablecoin Rules Regulated under EU MiCA framework
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
Key Points
  • VASPs must register with Latvijas Banka and comply with AML/CFT requirements
  • Capital gains from crypto taxed at 20% personal income tax rate
  • MiCA framework applies from December 2024, transitioning existing registrations
  • Latvia transposed the 5th Anti-Money Laundering Directive for crypto oversight
  • Latvijas Banka absorbed FKTK regulatory functions in January 2023
Sources
Sources