Regulatory Tracker
Digital-asset regulation in Indonesia and Singapore  ·  Data catalog

When a country moves crypto from its trade ministry to its financial regulator, what actually changes?

On 10 January 2025 Indonesia moved crypto oversight from Bappebti to the OJK. This tracker follows that question with real data: 45 months of transaction values, a dated timeline of every regulatory action, and an event study that reports its own failures. Nothing here is simulated.

45
monthly observations, Jan 2023 – Sep 2026, each one sourced
Rp482.2T
FY2025 transaction value, down 25.9% from FY2024
+9.3% → −5.2%
monthly growth before vs after the transfer; the break is not statistically significant (p = 0.12)
32
dated regulatory milestones across Indonesia, Singapore and ASEAN

The record, month by month

Both layers of the project in one grid. Darker cells mean more: rupiah traded, or regulatory actions taken. Hatched cells are derived, not measured. Clay dots mark the three pivotal events. Hover or tap a cell to read it; follow it into the tracker for the chart around it.

Rp trillion traded← less · more →▨ derived  ·  ● pivotal event

Three findings, honestly stated

Just here for the story? These three findings tell you everything. Want to check my work? Everything downstream — charts, queries, raw CSVs — is open for exactly that.

Anyone can generate a dashboard with AI. What can't be generated: data reconciled against every published total, estimates that carry their own placebo tests, and a null result published anyway. That's the product.

The handover changed nothing detectable

Growth shifted +9.3% → −5.2% a month at the transfer — and the shift is not statistically significant. Placebo tests pass; the null is the finding.

The 2024 boom wasn't policy

The pre-transfer recovery tracked global crypto cycles with no control series needed to see it. Don't credit Bappebti's exit for what followed.

The region is racing

Six jurisdictions, four strategies: Singapore liberalises, Indonesia builds, Thailand cuts taxes, Vietnam legalises, the Philippines paused. Watch this space.

Five ways in

The tracker is one page with tabs. Pick the question you're asking; you'll land in the right place.

What did the market do?

Monthly transaction values across the Bappebti era, the handover and the OJK era — reported points solid, derived points hollow, so you always know what was measured.

Open market series

Did the handover change anything?

The event study, shown twice: once the way it fails, once the way it holds. Growth rates, placebo tests, and the write-up language ready to use.

Open event study

What did regulators actually do?

A filterable timeline — POJK amendments, tax rules, the ICEx launch, MAS's stablecoin framework — by jurisdiction and theme.

Open timeline

How does this sit in ASEAN?

An interactive map: hover a country for its count, take the country-by-country tour, read each jurisdiction's strategy — from Singapore's liberalise-to-attract to Thailand's 0% tax.

Open the ASEAN map

Can I interrogate it myself?

Yes. Search all 103 records with your own queries, save them, and match any variable A to any variable B — a fit, a group test, and an honest interpretation in your browser.

Open the data lab

Start with a question of your own

Or start from: Indonesia's 2025 actions · stablecoin rules · the tax change · the 14 derived months

The catalog indexes all 105 records across seven datasets. Queries are saved as buttons; every table downloads as CSV; the analysis lab runs in your browser.