Crypto Industry In Southeast Asia Heats Up, Tokocrypto: Indonesia Must Move Fast

JAKARTA - The crypto industry in Southeast Asia is now more competitive. Thailand and Vietnam are now in the spotlight for taking strategic steps to strengthen their position as centers of digital asset innovation in the region.

The Thai government has just announced a personal income tax exemption policy for local crypto exchange users, with a tax cut of 15 percent, and valid until December 31, 2029.

Meanwhile, Vietnam passed the Law on the Digital Technology Industry on June 14, 2025, which places crypto assets under a formal regulatory framework and applies standard anti-money laundering (AML) and strict anti-terrorism.

Just like Indonesia, Vietnam categorizes crypto as a digital asset, but now it is superior in terms of legal clarity and technology adoption roadmap.

Seeing this phenomenon, Tokocrypto CEO Calvin Kizana stated, the rapid development in neighboring countries should be an alarm as well as motivation for Indonesia to continue to strengthen the national crypto ecosystem.

Indonesia has great potential as a crypto market. In order not to lag behind Vietnam and Thailand, there needs to be a strong synergy between the government, industry players, and the community to create supporting regulations, massive education, and incentives that encourage adoption," Calvin said in a written statement quoted on Sunday, June 22.

According to him, Thailand's steps to provide tax incentives can be used as material for studies for the Indonesian government in formulating fiscal policies that support the industry more.

Sementara itu, ia menyatakan pendekatan regulatif Vietnam dapat menjadi inspirasi dalam membangun kerangka hukum yang jelas dan aman bagi investor maupun pengembang teknologi.

“Kami percaya dengan regulasi yang progresif, kolaborasi lintas sektor, serta komitmen bersama, sehingga industri kripto Indonesia tidak hanya bisa bertahan, tetapi juga menjadi pemimpin di Asia Tenggara,” pungkasnya.

Meanwhile, he stated that Vietnam's regulatory approach could be an inspiration in building a clear and safe legal framework for investors and technology developers.

"We believe in progressive regulations, cross-sectoral collaboration, and shared commitment, so that the Indonesian crypto industry can not only survive, but also become a leader in Southeast Asia," he concluded.