On November 2025, the Digital Assets practice team of METALAW have contributed to the 7th Edition of The Legal 500 Blockchain & Crypto Assets Comparative Guide specifically in the Indonesia Chapter, published by The Legal 500 which has been analysing law firms across the world.
Under this publication, METALAW provides an overview of Blockchain & Crypto Assets in Indonesia, which was covered through 15 questions in a Q&A format provided by Duncan Blaikie of Slaughter and May.
This publication answers 15 topics describing the current condition of Blockchain & Crypto Assets in Indonesia, which includes questions regarding specific Blockchain & Crypto Assets problems, compliances, and trends. The issues discussed in this publication mainly focuses on:
- Various developments in blockchain technology and crypto assets within Indonesia’s financial sector, including, among others, the current provision on Initial Coin Offerings (ICOs), the Central Bank Digital Currency initiative under Project Garuda, the establishment and functions of institutions related to blockchain technology, as well as the evolving use and legal implications of smart contracts, status of Decentralized Autonomous Organizations (DAO) and Decentralized Finance (DeFi);
- Outline of the fundamental regulatory framework and amendments to laws and regulations pertaining to blockchain and crypto assets, which also encompasses provisions concerning the allocation of supervisory authority over blockchain-based activities and crypto-asset transactions;
- Overview of the administrative obligations, legal compliance requirements, and basic licensing regimes imposed on operators of platforms facilitating transactions involving blockchain technology and crypto assets, including, inter alia, Anti Money Laundering (AML) duties, applicable taxation obligations, and regulatory requirements relating to the operation of electronic systems;
- Detailed review of the tax regulations applicable to crypto asset transactions, such as the applicable value added tax (VAT) rate, income tax treatment, and the imposition of taxes on offshore or cross border crypto asset transactions;
- Elucidation of the statutory and regulatory provisions governing cryptocurrency trading, including the implementation of rules the travel rule, personal data protection obligations, requirements applicable to platforms authorised to offer crypto asset sales in Indonesia;
- Explanation of several key legal issues associated with blockchain technology and crypto assets, including matters relating to the collateralisation or use of crypto assets as security, security and misuse risks inherent in blockchain systems, and regulatory gaps that persist due to the still-developing and non-comprehensive nature of the existing legal framework.
The publication of this Comparative Guide of The Legal 500 by METALAW ESG Practice Team provides answers to the current frequently asked questions in relation to the Blockchain & Crypto Assets in Indonesia. METALAW has also contributed to several other articles which discussed Indonesia’s current trend and development of law in Conventus Law.
For further information, please contact:
MetaLAW, Legal & Tax Consultant, Jakarta, Indonesia
general@metalaw.id
