Jakarta (ANTARA) - Tokocrypto has responded to Ministry of Finance\nRegulation (PMK) No.\u00a023 of 2026, which includes crypto assets as one of\nthe objects that can be seized by the state in the process of settling\nreceivables.<\/p>\n
In a statement in Jakarta on Monday, Tokocrypto CEO Calvin Kizana\nassessed the policy as an important step in strengthening the legitimacy\nof crypto assets in Indonesia.<\/p>\n
The regulation is seen as a signal that the government is beginning\nto build a more comprehensive legal framework for digital assets, not\nonly from the trading perspective but also in the context of law\nenforcement and state financial management.<\/p>\n
According to Calvin, this can serve as the foundation for creating a\ncrypto ecosystem that is more integrated with the national financial\nsystem.<\/p>\n
Calvin added that such regulatory clarity will help increase investor\nand industry confidence by showing that crypto has a clearer position in\nthe eyes of the law.<\/p>\n
With recognition in the asset seizure mechanism, crypto is now\ntreated on par with other financial instruments.<\/p>\n
\u201cThis is not just about seizure, but about how crypto is recognised\nas part of an economic system that has value, can be measured, and can\nbe used in various mechanisms,\u201d he explained.<\/p>\n
\u201cThis regulation marks a new phase in recognising crypto as an asset\nwith real economic value. When the state includes crypto as a seizure\nobject, it means that crypto\u2019s position is no longer viewed merely as an\nalternative asset, but has become part of the recognised financial\nsystem,\u201d he added.<\/p>\n
For information, the policy in question is contained in PMK No.\u00a023 of\n2026, signed by Finance Minister Purbaya Yudhi Sadewa on 27 April\n2026.<\/p>\n
The regulation is an update to PMK No.\u00a0240\/PMK.06\/2016, adjusted to\ndevelopments in asset types, including digital assets.<\/p>\n
Through this regulation, the state, via the State Receivables\nCommittee (PUPN), has broader authority in managing seized assets.<\/p>\n
One crucial point is regulated in Article 186A, which allows the\nstate to directly take control and utilise assets, including crypto,\nwithout requiring approval from the debtor.<\/p>\n
This mechanism is assessed to accelerate the debt repayment process\nas it does not require waiting for auction processes or lengthy legal\nstages.<\/p>\n
In addition, Article 233 expands the scope of seizure objects, now\nincluding cash, digital assets, deposits in financial institutions,\nshares, bonds, and capital participation.<\/p>\n
Nevertheless, Article 297D emphasises that the takeover of assets\nonly reduces the principal debt and does not eliminate administrative\ncosts. The government also stresses that asset valuation must still be\ncarried out by professional appraisers to ensure fair market value.<\/p>\n
Furthermore, Calvin assessed that the long-term impact of this policy\nhas the potential to drive broader integration of digital assets into\nthe national financial system.<\/p>\n
\u201cWe can see crypto becoming more integrated with the traditional\nfinancial system, including in legal aspects and obligation settlements.\nThis will increase public confidence while encouraging healthier and\nmore structured industry growth,\u201d said Calvin.<\/p>\n
With the issuance of PMK No.\u00a023 of 2026, the government hopes that\nthe state receivables settlement process can run more quickly and\nefficiently, while adapting to the dynamics of asset developments in the\ndigital era.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/tokocrypto-responds-to-new-crypto-regulation-as-state-seizure-object-1777884796", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }