Michaela
Indonesia’s Financial Services Authority (OJK) has released an official list of 29 licensed crypto exchanges, clarifying which platform can legally operate in the country and signaling stronger regulatory oversight as global players eye the Indonesian market.
Key Points
- Indonesia’s OJK published a list of 29 licensed crypto platforms to clarify legal operations.
- Regulation No. 23/2025 tightens oversight of crypto and derivatives, including margin and knowledge test requirements.
- Licensed platforms gain competitive advantages, while the rules aim to enhance investor protection and transparency.
The whitelist provides an official reference for users to confirm which crypto providers are properly licensed, including the names of companies and their platforms or apps. The OJK advised the public to trade exclusively with listed entities and treat any unlisted platforms as unauthorized operators.
The whitelist comes in the wake of OJK Regulation No. 23/2025, which strengthens oversight of digital financial assets, including cryptocurrencies and derivatives. The regulation prohibits exchanges from offering trades in unregistered or unapproved assets and establishes a framework for digital asset derivatives that mandates prior OJK approval at the exchange level.
According to the OJK, crypto exchanges are required to use margin mechanisms through segregated funds or digital assets. Additionally, consumers must pass a knowledge assessment before trading derivatives. These measures aim to align with international supervisory standards and enhance investor protection.
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As Indonesia’s crypto market continues to mature, the OJK’s efforts signal a broader push toward standardization and transparency in the digital asset space. By clearly defining which platforms are licensed and setting rigorous requirements for derivatives trading, regulators are aiming to create an environment where both investors and service providers can operate with confidence.
This move also reflects Indonesia’s growing importance in the global crypto landscape, as international crypto exchanges and fintech companies increasingly look to establish a presence in the country.
While these measures focus on legal compliance and investor safeguards, they also encourage platforms to innovate responsibly. Exchanges that meet the standards of the OJK may gain a competitive edge by attracting users who value security, transparency, and regulatory oversight.
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At the same time, the knowledge assessments and margin requirements for derivatives ensure that retail investors engage with complex products only after demonstrating a baseline understanding of risk, helping to reduce the likelihood of significant financial losses.
Looking ahead, Indonesia’s approach may serve as a blueprint for other emerging markets balancing the promise of digital assets with the need for regulation. As the sector grows, licensed platforms that prioritize compliance, education, and security are likely to be well-positioned to thrive, shaping the next chapter of the country’s evolving crypto ecosystem.
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MICHAELA
Michaela is a news writer focused on cryptocurrency and blockchain topics. She prioritizes rigorous research and accuracy to uncover interesting angles and ensure engaging reporting. A lifelong book lover, she applies her passion for reading to deeply explore the constantly evolving crypto world.
