Crypto Industry Players Applaud Recognition of Crypto as a Business Sector
The Indonesian government has officially updated the Indonesian Standard Industrial Classification (KBLI) as a step to respond to the rapid growth of the digital economy and the emergence of various new business models. This update encompasses several important sectors, including artificial intelligence, crypto assets, and technologies related to climate change.
Coordinating Minister for the Economy, Airlangga Hartarto, stated that the KBLI update aims to accommodate strategic sectors that were previously not comprehensively mapped in the national classification system. “In this update, the digital economy sector, artificial intelligence, and crypto assets have been included in the latest classification,” Airlangga said during a press conference at the Ministry of Investment office in Jakarta on Thursday (23/4/2026).
In its implementation, the government is providing facilities for business actors to adjust their business data to the latest KBLI. The synchronisation process will be carried out automatically through the integrated Online Single Submission (OSS) licensing system, so no complex procedures are required.
One important point in this update is the inclusion of the category “Digital Financial Asset Brokerage” with KBLI code 66123. This classification covers activities that facilitate the trading of digital financial assets, including crypto, where business actors can conduct transactions on exchanges on behalf of customers or other parties. The presence of this category is seen as providing legal and operational clarity for crypto asset industry players in Indonesia.
Responding to the policy, Tokocrypto CEO Calvin Kizana welcomed the government’s step, which is seen as increasingly providing legitimacy to the domestic crypto industry. This KBLI update serves as a strong signal that the government is increasingly serious about accommodating the development of the crypto asset industry.
“With the existence of a clearer classification, business actors have certainty in running their businesses while opening up broader room for growth in innovation in this sector,” Calvin said in a written statement to SWA.co.id on Monday (27/4/2026).
He also added that official recognition from the state through KBLI will make it easier for various parties, both companies and crypto-based projects, to develop their businesses in Indonesia. Regulatory clarity like this is seen as able to increase industry players’ confidence, as well as encourage new investments and accelerate broader blockchain technology adoption.
“Further, this recognition also has the potential to open up new job opportunities and drive the national economy through the growth of a more inclusive and beneficial digital ecosystem for all parties,” Calvin added.
For information, KBLI itself is an important reference used to classify business fields in Indonesia, while also making it easier for business actors to determine their business categories. With this update, the government is expected to be able to create a business ecosystem that is more adaptive to technological developments.
On the other hand, the contribution of the crypto asset industry to state revenue also continues to show a positive trend. It is recorded that taxes from crypto transactions have reached Rp1.96 trillion throughout the period from 2022 to February 2026. This figure reflects the great potential of the crypto sector as one of the new sources of economic growth in Indonesia.
“With the inclusion of the crypto sector in the latest KBLI, this step is seen as an important foundation in strengthening the national digital industry ecosystem while increasing Indonesia’s competitiveness amid the global economic transformation,” he concluded.