BTSE has stepped into the regulated crypto market in the country with BTSE Indonesia, after local Indonesian cryptocurrency exchange NVX completed its rebranding process. The structure, announced on July 3, was established in partnership with BTSE Group and PT Aset Kripto Internasional.
Partnership structure and license approval
In this partnership, BTSE Group provides transaction infrastructure, liquidity and technology support. The team in Indonesia manages customer growth, partnerships, marketing and daily operations. The company’s goal is to combine global trading infrastructure with local market knowledge.
BTSE Indonesia received a Digital Financial Assets and Cryptoassets Trading Operator license from Indonesian Financial Services Authority OJK. OJK operates as the main regulatory body that oversees the financial system, especially banking, insurance and capital markets in the country.
BTSE Group Chief Operating Officer Jeff Mei emphasized that Indonesia has the essential elements to become one of Asia’s leading crypto markets, and that this partnership combines global transaction infrastructure with local market expertise.
The license in question allows the company to legally provide crypto trading services within the framework of Indonesian legislation. Thus, BTSE Indonesia will be able to work with local banks and payment service providers to offer Indonesian rupee deposits and withdrawals, currency conversion services and rupee trading pairs.
New product area and competitive expectations
The company also plans to launch crypto futures products in the future if local regulations allow. This step coincides with BTSE Indonesia’s quest to strengthen its position in the market at a time when competition between licensed players is increasing.
BTSE Indonesia Strategy Director Stephanie Kusnadi said the partnership gives the company access to BTSE’s global exchange technology, while the focus will remain on Indonesian users and local regulatory requirements.
Regulations are tightening in Indonesia
Compliance obligations for crypto companies are also increasing in Indonesia. With regulation number 6 dated 2026, which came into force in June, OJK introduced a competency certificate requirement for social media influencers who promote cryptocurrencies and other digital financial assets. Those who have another approved license may be exempt from this requirement.
The same regulation limits promotional activities to digital assets listed on authorized exchanges. Additionally, all campaigns must be run through licensed financial services companies. Responsibility for promotional content remains with these licensed organizations.
This framework signals the beginning of a stricter period in terms of licensing, content control and local business partnerships for crypto companies that want to enter the Indonesian market or aim to expand their activities. BTSE’s move stands out as part of its strategy to position itself within this regulated structure.
