Legal Guidance on Crypto Asset Trading in Indonesia

The world of cryptocurrency is rapidly evolving. With President-elect Trump's campaign promise of a pro-crypto administration, anticipated to fuel the booming growth of crypto assets in the future, global interest in the sector has reached unprecedented heights. This optimism has been reflected in Bitcoin's recent record-breaking valuations, driven by growing confidence in the market.

Meanwhile, Indonesia's regulatory framework for cryptocurrency has been progressively developed to address emerging challenges and capitalize on new opportunities.

In this article, Dentons HPRP's expert lawyers, including Partners, Andre Rahadian and Mika Isac Kriyasa, and Associate Devandra Maula Zakki, provide an in-depth analysis of Indonesia's approach. They cover topics ranging from the legal classification of crypto assets to the stringent requirements for establishing exchanges and trading platforms. With a strong focus on consumer protection and compliance, the article showcases Indonesia's forward-thinking policies that aim to balance innovation with robust regulation. It also sheds light on the future trajectory of the sector as the Financial Services Authority (OJK) takes over regulatory oversight.

Read the full article below.

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