Crypto Can Now Be Seized by the State, Here's the Response of Industry Actors
JAKARTA - The Indonesian government has officially included crypto assets as one of the objects that can be confiscated by the state in the process of settling receivables.
This policy is contained in the Minister of Finance Regulation (PMK) Number 23 of 2026 which was signed by the Minister of Finance Purbaya Yudhi Sadewa on April 27, 2026.
The regulation, which is an update of PMK Number 240/PMK.06/2016, states that the state through the State Debt Management Committee (PUPN) has a wider authority in managing seized assets, including cryptocurrencies, without requiring the consent of the debtor.
In addition, Article 233 expands the scope of the object of seizure which now includes cash, digital assets, deposits in financial institutions, shares, bonds, to capital participation.
Responding to the new rules, Tokocrypto CEO, Calvin Kizana, assessed this policy as an important step in strengthening the legitimacy of crypto assets in Indonesia.
He also sees this rule as a signal that the government is beginning to build a more comprehensive legal framework for digital assets, not only from the perspective of trade, but also in the context of law enforcement and state financial management.
According to him, this can be the foundation for the creation of a more integrated crypto ecosystem with the national financial system.
"This is not just about seizure, but about how crypto is recognized as part of an economic system that has value, can be measured, and can be used," Calvin said in his statement, quoted Sunday, May 3.
Calvin added that clarity in regulations like this will help increase investor and industry player confidence, as it shows that crypto has an increasingly clear position in the eyes of the law.
"This regulation marks a new phase in the recognition of crypto as an asset that has real economic value. When the state has included crypto as a seizure object, it means that the position of crypto is no longer seen as an alternative asset, but has become part of the recognized financial system," he said.
However, he also highlighted that this policy could be a double-edged sword if it was not balanced with infrastructure readiness.
Because according to him, the complexity of technology-based crypto assets requires a different approach compared to conventional assets, especially in terms of access management, private key security, to liquidation processes.
According to him, without a standardized system and resources that understand the characteristics of digital assets, potential risks such as mismanagement or loss of assets can increase.