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indonesia crypto transactions soar 104 percent in january 2025

In January 2025, Indonesia's crypto transactions soared to 44.07 trillion rupiah (US$2.68 billion), a remarkable 104.31% increase from the previous year. This surge contributes to a total of 650.6 trillion rupiah (US$39.56 billion) in crypto transactions for 2024. As of February 2025, there are 1,396 crypto assets available for trading, with 19 entities authorized by the OJK, including one exchange and one clearing institution, while 14 more are seeking permits following the regulatory shift from Bappebti to OJK.
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