Indonesia vs Sierra Leone
Crypto regulation comparison
Indonesia
Sierra Leone
Legal
No Regulation
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.
Sierra Leone has no specific cryptocurrency regulation. The central bank has not issued formal guidance on crypto.
Tax Type
Varies
Tax Type
None
Tax Rate
0.21% (domestic exchange) / 1% (foreign platform)
Tax Rate
N/A
Exchanges
Yes
Exchanges
Yes
Mining
Yes
Mining
Yes
Regulator
OJK (Otoritas Jasa Keuangan) since January 2025
Regulator
Bank of Sierra Leone
Stablecoin Rules
Crypto traded as commodities; stablecoin-specific rules under development with OJK transition
Stablecoin Rules
No stablecoin regulation
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
- No specific cryptocurrency legislation
- Central bank has not issued formal crypto guidance
- Limited financial infrastructure
- Minimal crypto adoption
- No licensing framework for crypto services