Digital Financial Asset Brokerage
Kepialangan Aset Keuangan Digital
🏦 Section K — Financial & Insurance Activities
In Bali: a PT PMA cannot register this code
National procedure — does not apply to a PT PMA in Bali
In Bali this activity is blocked for a PT PMA under the 13 May 2026 moratorium. The national procedure below applies only to non-PMA operators.
Digital Financial Asset Brokerage: Open Nationally, Closed to Bali PMA
Digital financial asset brokerage permits full foreign ownership nationally, but PMA registration at a Bali address is blocked by the province’s permanent moratorium.
National openness does not make a Bali address available for PMA registration.
Direct 1:1 match from KBLI 2020 — code and scope unchanged.
What You Need
Who This Is For
This fits a foreign entrepreneur or company that wants to operate a white-label crypto broker or OTC desk, managing crypto trades on behalf of clients and collecting fees.
Regulatory Divergence
The licensing previously shown for 66123 was removed because its source could not be verified as applying to this activity. Here is what the sources actually say — with citations.
Correction note — verbatim, with source locators
KBLI 2025 code 66123 'Kepialangan Aset Keuangan Digital' (digital financial-asset brokerage — facilitating trade in digitally-represented financial assets such as crypto, i.e. transacting on a digital financial-asset exchange on behalf of another party or client) carries a served per_skala row verified this session, by direct read of the canonical payload, to be the SAME cooperative-rating licensing regime documented for 66116 above (byte-identical kewajiban block: 'Menyampaikan laporan kegiatan kepada kementerian koperasi dan ukm', 'aktivitas pemeringkatan koperasi', rating-personnel certification requirements) — topically unconnected to digital financial-asset brokerage. canonical status_mapping='MATCH_LANGSUNG', pp28_sources=['66123'] — crosswalk metadata NOT disputed by this cure; the defect is confined to the served payload. Per the detach-all rule (same convention as Lot 1/2/3), the entire per_skala array is detached. per_skala detached; the licensing regime for digital financial-asset brokerage is not retrievable from the pinned sources as hunted. Lot 4 conductor gate (second signing), run wf_66ea406e-b0d, 2026-07-19.
The detached licensing rows (source unverified for this activity)1 row
These rows were previously shown on this page and have been detached — the correction note above documents, with source locators, why their source could not be kept for the activity this page describes. They are preserved here as the audit trail of the divergence.
Sources & Verification
Each data layer below traces to a government source with its KBLI vintage — or is declared as a gap. Nothing in these layers is silently filled in.
Title and scope as defined by the KBLI-2025 classification.
locator: OSS_RBA_2025_id_version_fff4053d
The previously-served rows were removed because their source could not be verified as applying to this activity. See Regulatory Divergence above for the documented correction note.
The investment-list annexes predate KBLI 2025; the per-code crosswalk audit of this layer is in progress. The value shown is the annex text, disclosed with its vintage.
Conservative posture derived from the risk tier · confidence LOW.
Dataset last updated 2026-07-26 · KBLI 2020 and KBLI 2025 reuse code numbers for different activities — cross-vintage rows are labeled, never merged silently.
Can foreigners operate a digital financial asset brokerage business in Indonesia?
What license is required for KBLI 66123?
What is KBLI 66123?
How did KBLI 66123 change from KBLI 2020 to 2025?
Related Codes
Money & Forex Market Brokerage
Kepialangan Pasar Uang dan Pasar Valuta Asing
Commodity Futures Brokerage
Kepialangan Perdagangan Komoditas Berjangka
Money Changer
Aktivitas Penukaran Valuta Asing (money Changer)
Securities Brokerage (Non-Carbon)
Kepialangan Efek Selain Unit Karbon
Securities Crowdfunding Platform
Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)
Other Financial & Commodity Market Administration
Administrasi Pasar Keuangan, Pasar Berjangka Komoditas, dan Pasar Sejenisnya Ytdl
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