JAKARTA - The Financial Services Authority (OJK) which is currently reviewing the crypto Exchange Trade Fund (ETF) as one of the new investment instruments on the Indonesia Stock Exchange (IDX).
However, OJK Chief Executive of the Financial, Financial Assets and Crypto Assets Technology Innovation Supervision Hasan Fawzi, said that the crypto ETF study was still in its early stages and was carried out with capital and derivative financial market players.
He also opens up new regulatory opportunities when needed, given the basic assets of crypto ETF which are not securities.
Then, what is the impact of Crypto ETF on the Indonesian economy?
CMO Tokocrypto Wan Iqbal emphasized the importance of involving fiscal aspects in the development of crypto ETFs. He referred to the significant contribution from the crypto sector to state revenue through taxes.
The Directorate General of Taxes (DGT) continues to record revenue growth from the digital sector, especially from the crypto industry. Until March 2025, taxes from crypto activities had contributed IDR 1.2 trillion to the state treasury.
This acceptance is an accumulation of the last few years, namely Rp246.45 billion in 2022, Rp220.83 billion in 2023, Rp620.4 billion in 2024, and Rp115.1 billion in the first quarter of 2025.
SEE ALSO:
This figure shows that the crypto sector is not only technologically relevant, but also has a real economic impact. Therefore, the design of crypto ETF regulations in the future needs to reflect the balance between innovation and fiscal compliance," explained Iqbal.
In addition, he also reminded that the approval of the bitcoin spot ETF by the US Securities and Exchange Commission (SEC) in early 2024 was also an important consideration in the development of similar instruments in Indonesia.
Because according to him, this agreement is considered to have changed the global public's perception of crypto and encouraged increased credibility as an asset class.
The English, Chinese, Japanese, Arabic, and French versions are automatically generated by the AI. So there may still be inaccuracies in translating, please always see Indonesian as our main language. (system supported by DigitalSiber.id)
