The Indonesian government officially opened a new chapter after publish PMK Number 23 of 2026 concerning Management of State Receivables on Tuesday (21/04/2026). Through this regulation, crypto is included in the category of assets that can be confiscated by the state to settle debts.
This rule immediately sparked discussion in the community. Because, a new question arises: if digital assets now that it is accessible to the state, will investors start to turn to it? exchange abroad or choose to store assets online self-custody?
Crypto is on the list of assets that can be confiscated by the state
The legal basis is written in Article 233 paragraph (2) letter e number 2 PMK Number 23 of 2026. In this article, the government includes “digital/crypto assets” as part of transferable financial assets forced.
“Forcible transfer of rights over movable assets including financial assets in the form of digital/crypto assets,” as stated in Article 233 paragraph (2) letter e.
Interestingly, crypto is now positioned on a par with cash, deposits, shares and bonds. This means that the state officially recognizes digital assets as instruments that have economic value and can be used to settle legal obligations.
Crypto can now be targeted for debt repayment, owners must be vigilant
The regulation also gives quite broad authority to the State Receivables Affairs Committee (PUPN). In Article 186A paragraph (1), it is stated that collateral or other assets that have been confiscated can:
- physical control and use by the state before the sale or expropriation of rights is carried out; or
- Utilization is carried out by PUPN branches without the consent of the debt guarantor.
Then in Article 186B paragraph (1), it is explained that control of assets by the state can be carried out after:
- the issuance of a Confiscation Order (SPP),
- there is a confiscation report,
- and the issuance of the decision of the PUPN branch chairman.
In other words, this regulation does not mean that the state can suddenly take anyone’s assets. Foreclosure digital assets still have to go through state receivables management mechanisms and certain administrative processes.
However, one important question arises: how do countries actually access these crypto assets?
Exchange Local is considered easier to reach
Many industry players value the crypto assets held in crypto exchange local will be easier to reach by Indonesian authorities compared to assets in wallets personal.
This is because domestic crypto exchanges are subject to regulations and are required to comply with legal processes. When there is an official letter or a valid confiscation order, the user’s account and assets have the potential to be frozen through the applicable mechanism.
The situation is different if assets are stored in self-custody wallet.
Technically, blockchain does not provide direct access to authorities without private key. That is, assets in hardware wallets or non-custodial wallets cannot be automatically accessed only because of the address wallets known.
However, self-custody nor is it completely safe. Under certain conditions, such as an inspection or search, private key nor seed phrases stored in physical or digital form still have the potential to be found.
Therefore, control over private key to be the most important factor. Because, anyone who has access to the private key or seed phrases basically can access these crypto assets.
Foreign Crypto Exchanges are Starting to Become a Discussion
In the midst of this situation, crypto exchange abroad is once again a topic of conversation in the crypto community.
Many investors value platforms those that do not have permits and are outside Indonesian jurisdiction will be more difficult to reach in confiscation. This is because the Indonesian government does not have control over operations exchange the.
This means that even though the state has a legal basis for confiscating crypto assets, the execution process against platforms The outside is considered to be more complicated in comparison exchange local subject to domestic regulations.
Even so, external exchanges are not without risk. Investors continue to face challenges such as weak consumer protection, cross-border disputes, and difficulties when problems occur platforms.
On the other hand, this regulation emphasizes that crypto is no longer seen as an alternative asset. The state began to treat it like a financial instrument that had economic value and legal consequences.
7 Ways to Store Bitcoin Safely for Beginners that You Should Know!
In the end, the issuance of PMK Number 23 of 2026 not only changes the position of crypto in the eyes of the state, but also has the potential to change the way investors crypto Indonesia store crypto assets they.
That’s the summary crypto news today which you can watch to follow developments in the world of digital assets and blockchain technology. Stay tuned Blockchain Media Indonesia For updates Latest about the crypto market, news bitcoinsto study guides crypto for those of you who are still beginners. [dp]
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