MEXC Investments in Triv Crypto Exchange of Indonesia, Valued at $200 Million
In the dynamic world of cryptocurrency, Indonesia is making significant strides in its regulatory framework. MEXC, a prominent player in the crypto industry, is at the forefront of these changes, having launched a "Proof of Trust" initiative to enhance security and safeguard users.
Recently, MEXC Ventures, the investment arm of MEXC, has become a shareholder in Triv, a crypto trading platform based in Indonesia. Triv, which was established in 2015 and boasts over 3 million registered users, is fully supervised by both the Financial Services Authority (OJK) and the Commodity Futures Trading Regulatory Agency (BAPPEBTI) in Indonesia. This investment could potentially help Triv gain traction among crypto enthusiasts in the country.
The value of the investment in Triv by MEXC Ventures was reported to be $200 million, marking the first time Triv has secured institutional funding. This investment is part of MEXC's expansion strategy for the Southeast Asia region.
Meanwhile, Indonesia's Finance Ministry has announced a significant shift in its cryptocurrency tax policy, effective from August 1, 2025. Crypto assets are now classified as securities, so transfers of cryptocurrency are no longer subject to Value Added Tax (VAT) for buyers, effectively removing VAT on crypto sales.
Instead, cryptocurrency transactions are now subject to a final income tax under Article 22 of the Income Tax Act at a rate of 0.21% on domestic crypto exchange sales. For transactions conducted on foreign crypto exchanges, the withholding rate is higher, increased to 1% of the transaction value.
VAT is not abolished entirely but shifted to service providers related to crypto activities. Crypto mining and transaction verification services are subject to VAT at an increased rate of 2.2%, up from 1.1% previously. Crypto trading platforms must also charge 12% VAT on commissions or fees from facilitating transactions (wallets, trading interfaces, deposits/withdrawals).
The previous special 0.1% income tax rate on crypto mining has been removed, subjecting miners’ income to regular personal or corporate income tax rates starting in 2026. These regulations aim to provide legal certainty by aligning crypto taxation with Indonesia’s broader financial framework, treating crypto as a financial instrument rather than a commodity.
Foreign electronic trading service providers must meet specific criteria and be appointed by the Directorate General of Taxes to withhold the new crypto income tax. It is important to note that any crypto firm offering services without going through the sandbox is considered illegal in Indonesia.
As always, market conditions can change rapidly, and it is encouraged to verify information independently and consult with a professional before making any decisions based on this content. The Financial Services Authority (OJK) in Indonesia is responsible for licensing crypto firms that have gone through the regulatory sandbox.
This investment and the subsequent policy shift in Indonesia reflect a regulatory shift toward classifying cryptocurrency as securities or financial assets instead of commodities. As the crypto landscape continues to evolve, it is essential to stay informed about these developments.
- MEXC Ventures, the investment arm of MEXC, recently invested $200 million in Triv, a crypto trading platform based in Indonesia, marking a significant step in the business world of investing in technology.
- With Indonesia's Finance Ministry classifying cryptocurrency as securities and implementing new tax policies, it demonstrates a focus on integrating cryptocurrency into the broader financial framework, using technology to regulate the industry.
