What happened?
A study from LPEM FEB UI found Indonesia’s crypto sector could add about Rp260.36 trillion (roughly $16.5 billion) to the economy and create up to 1.22 million jobs if trading profits are reinvested locally. In 2024 alone the sector already contributed about Rp70.04 trillion ($4.4 billion) to GDP and generated over 333,000 jobs. The report urges stronger regulation, better digital literacy, tax reform and highlights recent moves like MEXC’s investment in local exchange Triv and updated crypto tax rules.
Who does this affect?
This affects Indonesian workers and job seekers, crypto firms and exchanges, miners, investors and everyday users who trade or use crypto. It also touches regulators and institutions like OJK, Bank Indonesia, BSSN and international partners focused on cross‑border oversight and fraud prevention. Changes in taxes and licensing will especially impact domestic versus foreign platform users and could reshape where trading and mining activity takes place.
Why does this matter?
The market impact could be big: clearer rules and bigger on‑shore reinvestment would drive investment, liquidity and new jobs while boosting GDP. At the same time higher taxes and tougher oversight may push some activity toward licensed local platforms or overseas venues, changing fee structures and business models. If policymakers even consider crypto or Bitcoin for reserves, that would send a strong signal to global investors and could accelerate mainstream adoption in Indonesia.