In Indonesia, the official currency for all onshore transactions is Indonesian Rupiah (IDR). This is regulated under:
Law No. 7 of 2011 on Currency
Bank Indonesia Regulation No. 17/3/PBI/2015
(obligation to use Rupiah for cash and non-cash transactions in Indonesia)
This means that property transactions must legally be settled in IDR at the time of signing the sale/lease deed before the Notary/PPAT.
💰 Foreign currency (USD/EUR etc.)
Property prices may sometimes be quoted or negotiated in foreign currency for convenience.
However, final settlement must be made in IDR according to Indonesian law.
Conversion is normally done through a licensed Indonesian bank, using the prevailing exchange rate on the day of settlement.
So:
💡 You can negotiate in USD, but you must pay and record the transaction in IDR at the notary.
🪙 Cryptocurrency (BTC, ETH, USDT, etc.)
Important legal facts in Indonesia:
Cryptocurrency is not legal tender
Crypto cannot be used as payment for goods or property
Crypto is legally classified as a tradeable commodity, regulated by BAPPEBTI
Therefore:
You cannot legally pay for property directly in crypto
Developers or sellers cannot legally accept crypto as payment
What can be done in practice (legally):
parties may privately agree on value reference in crypto or USD
crypto can be converted into IDR through licensed exchanges
final settlement must be paid and recorded in IDR at the notary signing
Everything recorded in the deed must show:
✔️ price in IDR
✔️ taxes paid in IDR
✔️ bank transfer evidence in IDR
⚠️ What is NOT legal
✖️ paying directly in crypto wallet-to-wallet for property
✖️ recording property price in crypto in the deed
✖️ off-record payments not converted to IDR
✖️ settling transaction offshore to avoid IDR requirement
These can lead to:
contract unenforceable
administrative sanctions
banking and tax compliance issues
✅ In simple terms
Prices are usually listed in IDR
Negotiations in USD or USDT may happen informally
Final legal payment must be in IDR
Crypto must be converted first through legal channels
All settlement recorded in IDR at notary signing
👨⚖️ Our role
Our licensed legal team and notary partners ensure that:
payment structure complies with Indonesian law
IDR settlement is properly documented
tax reporting is accurate
cryptocurrency conversion follows legal channels
