Indonesia Names List of Licensed Crypto Traders
Indonesia’s Financial Services Authority (OJK) has released a whitelist of 29 licensed crypto platforms, officially designating which exchanges can legally operate in the country. The list is intended to help users verify providers' licensing status and urges the public to transact only with listed entities, treating others as unlicensed. This measure comes as global crypto firms, including Robinhood and OSL Group, seek entry into Indonesia’s rapidly growing market, which has over 17 million crypto traders. The whitelist follows OJK Regulation No. 23/2025, which tightens oversight of digital assets, prohibits unregistered asset trading, mandates regulatory approvals for derivatives, and imposes consumer protection measures such as segregated funds and mandatory knowledge tests. These steps are intended to align with international standards and enhance investor safeguards. Indonesia is recognized among the world’s fastest-growing crypto markets, ranking in the global top ten for crypto adoption, and is considered a key hub for digital asset activity in Southeast Asia.
