Indonesia’s Financial Services Authority (OJK) has released a list of 29 licensed crypto platforms, officially listing which exchanges are legally allowed to operate in the country.
The listwhich includes the names of the entities and their applications or platforms, serves as an official reference for users to verify that the provider is properly licensed before trading.
OJK called on the public to conduct transactions only with entities on the list and to treat unlisted platforms as unlicensed operators.
​Global crypto players are watching Indonesia
Clarification on who can legally offer crypto services is falling as global players move toward an Indonesian stronghold.
Earlier this month, Robinhood signed deals to acquire Indonesian brokerage Buana Capital and licensed digital asset trader PT Pedagang Aset Kripto, giving it market entry with more than 19 million capital market investors and about 17 million crypto traders.
Related: Indonesia’s digital rupiah CBDC gets a ‘stablecoin’ follower backed by government bonds
Hong Kong-based OSL Group completed its acquisition of licensed local exchange Koinsayang in September, securing regulatory approval to offer spot trading and derivatives trading.
Related: Survey reveals that 6 out of 10 wealthy Asians plan to increase cryptocurrency purchases
Tightening the control of digital assets
The list of allowed follows the Regulation of the OJK number 23/2025which tightens oversight of digital financial assets, including crypto and related derivatives. The rule prohibits exchanges from enabling the trading of assets that are not registered or approved by a licensed digital asset exchange and introduces a framework for digital asset derivatives that requires prior OJK approval at the exchange level.
Platforms must implement margin mechanisms through segregated assets or digital assets, and consumers must pass a knowledge test before accessing derivatives. These are measures that the regulator said are designed to align with international supervisory standards and strengthen investor protection.
Related: Ripple’s Big Win in Singapore: What the Expanded License Now Enables
Among the fastest growing markets in the world
The tightening of licensing in Indonesia 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 Global Cryptography Adoption Index 2025 places Indonesia is among the world’s top 10 for cryptocurrency adoption and notes that the country is among the most dynamic markets in the world, highlighting its growing presence in global digital asset activity.
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