Indonesia has fallen to seventh place in the 2025 Global Crypto Adoption Index due to regulatory changes and increased competition within Asia.
The shift signals challenges for Indonesia’s crypto market, impacting token trading and strategic maneuvers by industry leaders, including Tokocrypto and government bodies like OJK.
Indonesia ranks 7th in 2025 Global Crypto Adoption Index amid new regulations and competition.
Indonesia dropped to 7th place in the 2025 Global Crypto Adoption Index. This change follows new regulatory actions and increased regional competition. Tokocrypto, a leading exchange, and the OJK have been key players in these developments.
Tokocrypto’s Calvin Kizana emphasized maintaining synergy between government, industry, and communities. With OJK now overseeing crypto, replacing Bappebti, the focus is on strong oversight and tax enforcement, as stated by Tokocrypto.
The drop in ranking is seen amid increased competition from Vietnam and Thailand. The crypto tax increases in Indonesia have affected trading volumes and user engagement, as platforms adapt to new regulations.
Financial and technological impacts include affected assets like ETH, BTC, and TKO. Tokocrypto’s introduction of new staking features aims to boost user engagement and counteract negative market effects, promoting platform resilience.
In 2024, Indonesia ranked 3rd in crypto adoption. The current decline highlights ongoing regional competition and regulatory challenges, similar to past shifts influenced by regulatory changes in other Asian nations.
Kanalcoin experts note potential for recovery through government-industry synergy and fiscal incentives. Historical data supports the notion that effective policies can stabilize and even boost adoption rates in similar scenarios.
Calvin Kizana, CEO, Tokocrypto: “Indonesia has great potential as a crypto market, but we cannot be complacent. In order not to be left behind by Vietnam and Thailand, there needs to be strong synergy between the government, industry players, and the community to create supportive regulations, massive education, and incentives that encourage adoption.”
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