Key Highlights
- BTSE has launched BTSE Indonesia, entering Indonesia’s regulated cryptocurrency market through a joint venture.
- BTSE Indonesia has received an OJK license, allowing it to legally offer crypto trading, IDR deposits and withdrawals, and local trading pairs.
- The country is strengthening crypto regulations with new rules aimed at improving investor protection.
BTSE, a digital assets exchange, has officially entered Indonesia’s crypto market with the launch of BTSE Indonesia, a new digital asset exchange created through a joint venture with PT Aset Kripto Internasional.
In an official blog post on Friday, the company announced the launch following the rebranding of NVX, a locally regulated crypto exchange. In an X post, the exchange stated, “BTSE Indonesia enters the market as a regulated crypto exchange, combining BTSE’s global infrastructure with deep local knowledge. More access, more trust, more growth.”
The launch gives BTSE a licensed presence in one of Asia’s fastest-growing crypto markets and marks another step in Indonesia’s efforts to build a regulated digital asset industry.
Licensed to operate in Indonesia
BTSE Indonesia is now licensed by Indonesia’s Financial Services Authority (OJK) to operate as a Digital Financial Assets and Crypto Assets Trading Operator (PAKD). This approval allows the exchange to legally offer cryptocurrency trading services in the country. Only a small number of exchanges have received this approval, making BTSE Indonesia one of the few platforms allowed to operate under Indonesia’s current crypto rules.
The new exchange is the result of a partnership between BTSE Group and PT Aset Kripto Internasional. Under the agreement, both companies will focus on different parts of the business.
BTSE Group will provide the technology that runs the exchange, including its trading system, liquidity, and other technical infrastructure, while its Indonesian partner will oversee customer acquisition, business partnerships, marketing, sales, and other local operations.
How BTSE Indonesia will operate
The new license allows BTSE Indonesia to work with Indonesian banks and payment providers. This means users will be able to deposit and withdraw Indonesian rupiah (IDR), convert their funds into digital assets, and trade cryptocurrencies using IDR trading pairs.
These features are designed to make it easier for people in Indonesia to buy and sell crypto without relying on foreign currencies. The company said the approval could also help the exchange expand its services in the future. If Indonesian regulators introduce new rules that allow more crypto products, BTSE Indonesia could offer services such as crypto futures trading and other regulated investment products.
BTSE Group Chief Operating Officer Jeff Mei said in a press release that Indonesia has many of the things needed to become one of Asia’s leading crypto markets.
Indonesia has everything it takes to be Asia’s next major crypto hub; the population, the demand, and now the regulatory framework. What it needs now is the right combination of global infrastructure and local expertise. That’s exactly what this joint venture delivers,” Mei said.
Indonesia continues to tighten crypto rules
The launch also comes as Indonesia continues to tighten oversight of its digital asset industry.
In June, the OJK, the country’s Financial Services Authority, introduced Regulation No. 6 of 2026, which requires social media influencers who promote cryptocurrencies and other digital financial assets to obtain competency certification if they do not already have financial services authorization. The regulation is part of the country’s wider effort to improve investor protection and ensure crypto businesses follow clear rules.
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