Is Crypto Legal in Indonesia?
Crypto is legal and regulated under Bappebti
In Indonesia, crypto trading is regulated by the Ministry of Trade through Bappebti.
The Ministry of Trade issued Regulation of the Minister of Trade (Permendag) No. 99 of 2018 concerning General Policies for the Implementation of Crypto Asset Futures Trading and Minister of Trade Regulation No. 119 of 2018 concerning General Policies for Digital Gold Physical Market Trading in the Futures Exchange.
The Ministerial Regulation was then followed up by Bappebti which issued 4 (four) regulations legalizing the trade in digital commodities of crypto assets and digital gold.
The regulations are:
- Bappebti Regulation No. 2 of 2019 concerning the Implementation of the Physical Commodity Market in the Futures Exchange
- Bappebti Regulation No. 3 of 2019 concerning Commodities that Can Be Used as Subjects for Futures Contracts, Sharia Derivative Contracts and/or Other Derivative Contracts Traded on the Futures Exchange
- Bappebti Regulation No. 4 of 2019 concerning Technical Provisions for the Implementation of the Physical Gold Digital Market in the Futures Exchange; and
- Bappebti Regulation No. 5 of 2019 concerning Technical Provisions for the Implementation of the Physical Crypto Asset Market in the Futures Exchange.
These regulations are made to provide space for the development of digital commodity innovation businesses, business certainty in the digital sector for crypto traders, provide legal certainty and protection for the community (including customer funds or users of crypto assets or digital gold), and contain anti-money laundering provisions. And prevention of terrorism financing (APU / PTT).
Pintu is officially registered in Bappebti as Crypto Exchange
Based on the regulations, Bappebti issues a list of companies that are selected as legal crypto exchanges. Pintu (PT Pintu Kemana Saja) has officially completed the registration as a crypto exchange under Bappebti, as can be seen below. You can invest crypto in Pintu with ease of mind!
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