Indonesia's move is pretty solid. With the regulatory framework upgraded, crypto assets no longer have to operate in the gray area without any safeguards.

According to CNBC, the Indonesian government and the House of Representatives (DPR) have formally reached an agreement on amendments to the Law on the Development and Strengthening of the Financial Sector (UU P2SK), which officially took effect on June 17, 2026. The amendments aim to strengthen the authority and responsibilities of Bank Indonesia (BI), the Financial Services Authority (OJK), and the Deposit Insurance Corporation (LPS), while providing legal protection for their members in performing their duties. The OJK has been granted new powers to supervise exchanges for minerals and strategic commodities. Additionally, the new regulations place a strong focus on the crypto asset sector, aiming to enhance competitiveness and increase its contribution to the national economy through a strengthened regulatory framework.