A crypto license in Indonesia is required for activities such as those of crypto asset brokers and others related to digital financial asset trading. Local and international investors must follow the general business formation requirements to open a crypto company in Indonesia.
Our Indonesian company incorporation consultants can help foreign entrepreneurs who want to start a cryptocurrency business and apply for a virtual asset service provider (VASP) license in Indonesia.
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How to register a cryptocurrency business in Indonesia
The Company Law provides specific requirements for opening a company in Indonesia as a foreign investor. This also applies when setting up cryptocurrency companies here. Foreigners who want to open a crypto company in Indonesia must:
- apply for a residence permit if they want to move to Indonesia and run their companies from here;
- draft and submit an investment plan with the Indonesia Investment Coordinating Board;
- register a foreign-owned company with the Companies Register in Indonesia;
- apply for a crypto license in Indonesia with the Financial Services Authority.
Our local advisors can guide investors through the company registration procedure of the Indonesian cryptocurrency business. You can register the company as a foreign national.
The crypto license in Indonesia
Businesses that operate in the crypto sector are subject to licensing, supervision, and control. Crypto asset brokers, those who open a crypto asset bourse and engage in other types of crypto asset activities (such as developing wallets and other solutions), must obtain a license from the sector’s regulator.
Indonesian companies active in the crypto sector were subject to an important transition. Licensing and control for these types of companies was overseen by the Commodity and Futures Trading Regulatory Agency and has transitioned to the Financial Services Authority.
Companies were allowed a six-month transition period (ending mid-2025) to fully understand the new requirements and make sure that they remain compliant in terms of data and consumer protection.
The change is an important issue for investors planning on entering the crypto sector in Indonesia. Not only does it enforce the requirements to apply for and obtain a crypto license in Indonesia, but it also prepares this sector for increased growth by fostering a more secure regulatory environment.
The registration and licensing steps required to obtain a VASP license in Indonesia are summarized below by our experts in company formation in Indonesia:
- Participate in a regulatory sandbox and pass the regulatory compliance requirements;
- Start the direct registration process by submitting relevant documents;
- If the registration process is approved, continue to the direct licensing stage according to the type of activities the company will be engaged in.
Our team can give you more information about sandbox participation for crypto companies, as well as the other steps required to register with the authorities.
Cryptocurrency activities permitted in Indonesia
Those who plan to open a crypto company in Indonesia can engage in activities such as: digital token mining, the creation of digital wallets, and the opening of cryptocurrency exchange platforms.
As previously stated, a VASP license in Indonesia is required for companies that operate in the crypto asset market. Moreover, compliance with the supervision requirements is also mandatory.
Companies that were already engaging in certain types of activities and had been licensed by the Commodity and Futures Trading Regulatory Agency (also known as the Bappebti) are subject to recognition by the Financial Services Authority as digital financial asset trading providers.
Our team can help you open a company in Indonesia and comply with the current requirements set forth by the new regulator in the crypto sector.
Services offered by our team in Indonesia
Please contact us if you need help in registering your cryptocurrency company in Indonesia or if you need other services, such as those related to immigration.
Our team also assists foreign nationals who wish to immigrate to Indonesia for the purpose of starting their company, as well as relocating here to manage their activities. Remaining in the country means that the foreign national will need to have a valid stay permit at all times, which will also be renewed as needed. Our team can give you complete details about the types of visas and the immigration policy.
Company owners who require legal assistance for their cryptocurrency company can reach out to our Indonesian lawyers. We are a full-service law firm with expertise in many areas of interest, including but not limited to: corporate law, employment and tax law, debt collection, intellectual property matters, business formation and immigration to Indonesia. We also provide assistance during litigation and our partner accountants in Indonesia can offer tailored services for your company.
Foreign investors interested in opening cryptocurrency companies in Indonesia are invited to contact our local company incorporation agents for more information on the legislation in the fintech sector.