Indonesia’s Crypto Is Heating Up: Transactions, Users, and Rules All Point Up in 2025
🔑 Key Takeaways Transactions : May 2025 crypto turnover hit IDR 49.57T (~$12B); Jan–May total topped ~$46B, underscoring robust domestic demand. Users : Registered crypto consumers rose to ~14.78M in May, then ~15.85M in June—a broadening retail base. Policy shift : Crypto supervision moved from Bappebti to OJK on Jan 10, 2025, with BI strengthening payment‑system rules and continuing Digital Rupiah (Project Garuda) work. Taxes : From Aug 1, 2025 , Indonesia revises crypto taxes— eliminates buyer VAT , raises final income tax for domestic trades to 0.21% , 1% for overseas platforms; mining VAT doubles . 🗞 Main Story Indonesia’s crypto market is transitioning from cyclical hype to structural adoption . After the legal handoff of crypto oversight from Bappebti to the Financial Services Authority (OJK) on Jan 10, 2025 , reported turnover accelerated: IDR 49.57T in May alone and a multi...