Crypto Transactions in Indonesia Dropped to Rp482 Trillion in 2025

January 22, 2026 | 10:58 am

TEMPO.CO, Jakarta - Hasan Fawzi, Chief Executive for Supervision of Technology Innovation in the Financial Sector, Digital Financial Assets, and Crypto Assets at the Indonesian Financial Services Authority (OJK), stated that the crypto trading tax contribution from January to November 2025 reached Rp719.61 billion. Meanwhile, crypto asset transactions by the end of December 2025 in Indonesia were recorded at Rp482.23 trillion, lower than the previous year's figure of Rp650.61 trillion.

According to OJK records, throughout 2024, the accumulated crypto trading tax contribution reached Rp620.4 billion from a transaction value of Rp650 trillion. "However, we see that in 2025, even though transactions were lower, with the same amount of tax components, the tax contribution was much higher. As of November alone, it had reached Rp719.61 billion," Hasan said during an OJK working meeting with Commission XI of the House of Representatives in Jakarta on Wednesday, January 21, 2026, as quoted by Antara.

Hasan explained that the increase in tax revenue amidst declining transaction values indicates that digital financial asset traders are increasingly complying with tax regulations after coming under the supervision of the Financial Services Authority (OJK). However, national digital financial asset industry players consider the 0.21 percent income tax (PPh) rate to be quite burdensome for the industry.

This is because, Hasan said, the fee component charged to traders is only 2-3 decimal places as a percentage of each transaction. Furthermore, this PPh rate is higher than that imposed in similar industries at the regional and global levels.

Furthermore, Hasan stated that this situation poses further challenges for the digital financial asset industry in Indonesia, as 72 percent of the 25-29 digital financial asset traders licensed by the OJK are still reporting business losses.

Therefore, he urged all parties to encourage the advancement of the national digital financial asset ecosystem. The industry is still in its early stages of development and requires incentive support to grow and compete, especially against foreign platforms.

"From the available data, it is suspected or indicated that a large portion or majority of local or domestic consumer transactions are still channeled or conducted without going through the domestic ecosystem and are still carried out by traders and exchanges in the region and globally," said Hasan.

Read: Indonesia's OJK Publishes Whitelist of Licensed Digital Asset, Crypto Traders

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