Crypto Assets Now Included in List of State Seizure Objects, Tokocrypto Responds Thus

Jakarta, VIVA – The government has decided to include crypto assets as one of the objects that can be seized by the state in the process of settling debts. This is stipulated in Minister of Finance Regulation (PMK) No. 23 of 2026. In response, Tokocrypto’s Chief Executive Officer, Calvin Kizana, considers this policy as an important step in strengthening the legitimacy of crypto assets in Indonesia. The regulation is seen as a signal that the government is beginning to build a more comprehensive legal framework for digital assets, not only from the trading perspective but also in the context of law enforcement and state financial management. According to Calvin, this can serve as the foundation for creating a crypto ecosystem that is more integrated with the national financial system. “This is not just about seizure, but about how crypto is recognised as part of an economic system that has value, can be measured, and can be used in various mechanisms,” Calvin explained, as quoted from his statement on Monday, 4 May 2026. Calvin added that such regulatory clarity will help increase investor and industry confidence because it shows that crypto has an increasingly clear position in the eyes of the law. With recognition in the asset seizure mechanism, crypto is now treated on par with other financial instruments. “This regulation marks a new phase in recognising crypto as an asset with real economic value. When the state includes crypto as a seizure object, it means crypto’s position is no longer viewed merely as an alternative asset, but has become part of the recognised financial system,” he added. For information, the policy in question is contained in PMK No. 23 of 2026, signed by the Minister of Finance, Purbaya Yudhi Sadewa, on 27 April 2026. The regulation is an update to PMK No. 240/PMK.06/2016, adjusted to the development of asset types, including digital assets. Through this regulation, the state, via the State Debt Affairs Committee (PUPN), has broader authority in managing seized assets. One crucial point is regulated in Article 186A, which allows the state to directly control and utilise assets, including crypto, without requiring approval from the debtor. This mechanism is considered capable of accelerating the debt repayment process because it does not require waiting for auction processes or lengthy legal stages. In addition, Article 233 expands the scope of seizure objects, now including cash, digital assets, deposits in financial institutions, shares, bonds, and capital participation.