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KBLI Navigator/Section K/66123
KBLI 66123

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 reserved for MSMEs; a PT PMA (large enterprise) cannot register it. The national procedure below applies only to non-PMA operators.

✅Open· 100% nat'l · blocked in BaliMedium-Low RiskDirect Match🏝️🚫Closed in Bali (2026 moratorium)

This KBLI covers acting as a broker for digital financial assets—like cryptocurrencies—executing trades on behalf of customers on exchanges. It’s essentially a licensed crypto brokerage service, not for proprietary trading.

What Changed

Direct 1:1 match from KBLI 2020 — code and scope unchanged.

What You Need

Nationally, this activity is fully open to 100% foreign ownership, but in Bali it's currently blocked for new PMA companies due to a moratorium dated 13 May 2026 that suspends registrations even for low/medium-low risk activities. Until that moratorium lifts or is clarified, foreigners cannot set up a brokerage under this code in Bali.

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.

Licensing Overview
Risk LevelMenengah Rendah
License TypeNIB dan Sertifikat Standar
Foreign Ownership100% Open
ProcessingInstant
2020 → 2025
Previous codes (KBLI 2020): 66123
Common Questions
Can foreigners operate a digital financial asset brokerage business in Indonesia?
Nationally yes — but NOT in Bali. KBLI 66123 (Kepialangan Aset Keuangan Digital) is TERBUKA (100% foreign ownership) at the national level, but a PT PMA currently cannot register it in Bali (reserved for UMKM / 2026 moratorium). Nationally TERBUKA but the Besar scale is 'Menengah Rendah' -> blocked by the Bali PMA moratorium (Gov. letter B.27.000/642, 13 May 2026: all Rendah/Menengah Rendah blocked for a Bali address). [NB-3 28 June 2026] Outside Bali it is open to a PT PMA with no local partner required.
What license is required for KBLI 66123?
KBLI 66123 has a Menengah Rendah risk classification. Required license: NIB dan Sertifikat Standar. Processing time: Otomatis.
What is KBLI 66123?
KBLI 66123 is the Indonesian business classification code for "Kepialangan Aset Keuangan Digital" (Digital Financial Asset Brokerage). It falls under Section K of KBLI 2025, the Indonesian Standard Industrial Classification updated by BPS (Regulation 7/2025). The June 2026 KBLI 2025 transition window has closed; operators should verify the code's current OSS/NIB treatment before relying on it for licensing, reporting, or amendments.
How did KBLI 66123 change from KBLI 2020 to 2025?
KBLI 66123 was mapped from previous code 66123 (KBLI 2020). This is a direct match — the code number and scope remained the same. The June 2026 KBLI 2025 transition window has closed. If an NIB still relies on legacy KBLI 2020 mappings, treat the migration as overdue and verify/remediate the OSS record before new license applications, amendments, LKPM, import approvals, or investor/worker sponsorship.

Related Codes

66124Section K

Money & Forex Market Brokerage

Kepialangan Pasar Uang dan Pasar Valuta Asing

→
🏝️🚫Closed in Bali (2026 moratorium)✅Open· 100% nat'l · blocked in BaliMedium-Low Risk
66122Section K

Commodity Futures Brokerage

Kepialangan Perdagangan Komoditas Berjangka

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66125Section K★

Money Changer

Aktivitas Penukaran Valuta Asing (money Changer)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66121Section K

Securities Brokerage (Non-Carbon)

Kepialangan Efek Selain Unit Karbon

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66126Section K

Securities Crowdfunding Platform

Penawaran Efek melalui Layanan Urun Dana Berbasis Teknologi Informasi (securities Crowdfunding)

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
66119Section K

Other Financial & Commodity Market Administration

Administrasi Pasar Keuangan, Pasar Berjangka Komoditas, dan Pasar Sejenisnya Ytdl

→
🏝️✅Registrable in Bali✅Open· 100% ForeignHigh Risk
🏢

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