The Indonesian Financial Services Authority (OJK) has released a whitelist of 29 licensed crypto platforms, officially clarifying which exchanges are legally allowed to operate in the country.
The list, which includes the names of entities and their applications or platforms, is intended to serve as an official reference for users to check whether a provider has an appropriate license before trading.
OJK urged the public to transact only with listed entities and treat unlisted platforms as unlicensed operators.
Global crypto players eye Indonesia
The clarification of who can legally offer crypto services comes as global players prepare to set up operations in Indonesia.
Robinhood signed deals earlier this month to acquire Indonesian brokerage firm Buana Capital and licensed digital asset trader PT Pedagang Aset Kripto, a move that gives it access to a market with more than 19 million capital markets investors and around 17 million crypto traders.
Hong Kong-based OSL Group completed its acquisition of local licensed stock exchange Koinsayang in September, gaining regulatory approval to offer spot and derivatives trading.
Strengthen monitoring of digital assets
The whitelist follows OJK Regulation No. 23/2025, which strengthens the supervision of digital financial assets, including cryptocurrencies and related derivatives. The rule prohibits exchanges from facilitating transactions in assets that are not registered or approved by an authorized digital asset exchange, and it introduces a framework for digital asset derivatives that requires prior approval from the OJK at the exchange level.
Platforms must implement margin mechanisms through segregated funds or digital assets, and consumers must pass a knowledge test before accessing derivatives. According to the regulator, these are measures intended to align with international supervisory standards and strengthen investor protection.
Among the fastest growing markets in the world
Indonesia’s tightening grip on licensing comes as the country cements its place as a major crypto market. Robinhood and industry data providers describe Indonesia as one of the fastest-growing crypto economies in Southeast Asia, with tens of millions of investors in capital markets and digital assets.
Chainalysis’s Global Crypto Adoption Index 2025 places Indonesia in the top 10 globally for crypto adoption and notes that the country is among the fastest growing markets in the world, highlighting its growing presence in the global digital asset business.
