BTSE has officially entered Indonesia’s regulated crypto market through the launch of BTSE Indonesia after completing the rebranding of local exchange NVX.
Summary
- BTSE has launched a regulated cryptocurrency exchange in Indonesia through a joint venture and the rebranding of NVX.
- The OJK license allows the platform to offer IDR deposits, withdrawals, trading pairs, and other regulated digital asset services.
- The launch comes as Indonesia continues tightening oversight of its cryptocurrency sector with new compliance rules for market participants.
According to an official announcement issued on July 3, the new platform has been established as a joint venture between BTSE Group and PT Aset Kripto Internasional, combining BTSE’s trading infrastructure with local operations focused on customer growth, partnerships, marketing, and sales.
Operating under a license issued by Indonesia’s Financial Services Authority (OJK), BTSE Indonesia is authorized to function as a Digital Financial Assets and Crypto Assets Trading Operator (PAKD). The approval places the exchange among the limited number of regulated entities permitted to offer cryptocurrency trading services in the country while complying with anti-money laundering requirements and customer asset protection rules.
With the regulatory approval in place, BTSE Indonesia can work with Indonesian banks and payment providers to support Indonesian rupiah (IDR) deposits, withdrawals, currency conversions, and IDR trading pairs. The company said the license also creates a path to introduce additional regulated products, including futures trading, subject to rules issued by Indonesian authorities.
Under the partnership, BTSE Group will provide the exchange’s trading engine, liquidity, and underlying technology, while the Indonesian entity will manage local commercial operations using its market knowledge and domestic business relationships.
“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,” said Jeff Mei, Chief Operating Officer of BTSE Group.
According Stephanie Kusnadi, Chief Strategy Officer of BTSE Indonesia, added the integration with BTSE gives the company access to global exchange technology while allowing it to continue operating as a platform built around local regulatory requirements and user needs.
Indonesia continues tightening crypto oversight
The launch comes as Indonesia continues introducing new rules for its digital asset industry. In June, the OJK issued Financial Services Authority Regulation No. 6 of 2026, requiring social media influencers who recommend cryptocurrencies and other digital financial assets to obtain competency certification unless they already hold another qualifying license.
Under the same regulation, influencers may promote only digital assets listed on authorized exchanges, while promotional campaigns must be conducted through licensed financial services businesses that remain responsible for the content. The new requirements place additional compliance obligations on digital asset firms operating in Indonesia’s regulated market.
