Yes, Coinbase is legal in Indonesia, but it faces certain regulatory requirements similar to other cryptocurrency exchanges. In Indonesia, cryptocurrency exchanges need to be registered with the Commodity Futures Trading Regulatory Agency (BAPPEBTI) to operate legally.
As of the last updates, Coinbase was not listed as a registered exchange with BAPPEBTI, meaning it may not have full regulatory approval to operate within Indonesia. This doesn’t make it “illegal,” but it does imply that it operates in a legal gray area, similar to other unregistered exchanges.
Indonesians can still access Coinbase’s services, but they should be aware of the potential risks, such as lack of regulatory protection or the possibility of government restrictions on unregistered platforms in the future.
For full compliance and assurance, it’s recommended to use cryptocurrency exchanges that are officially registered with BAPPEBTI in Indonesia.
