Indonesia Publishes Official Licensed Crypto Exchange List as Oversight Tightens

Indonesia’s Financial Services Authority, known as OJK, has released an official list naming 29 crypto platforms that are legally authorized to operate in the country. The move provides long awaited clarity for investors and signals a firmer regulatory stance as digital asset activity continues to expand nationwide.

The published list includes the names of licensed entities along with their associated apps or trading platforms. OJK said the list allows users to confirm whether a crypto service provider holds the required approval before transacting. The regulator also warned that platforms not included on the list should be treated as unlicensed operators.

In its announcement, OJK urged the public to limit trading activity strictly to approved exchanges. The authority said this step is meant to reduce fraud risks and ensure consumer protections.

Global Players Rush Into Indonesia

The release of the list comes as major international firms accelerate plans to enter Indonesia’s crypto sector. Earlier this month, Robinhood signed agreements to acquire local brokerage Buana Capital and licensed digital asset trader PT Pedagang Aset Kripto. The deal gives the US based platform direct access to one of Asia’s largest retail investment markets, with more than 19 million capital market investors and roughly 17 million crypto traders.

Hong Kong based OSL Group has also expanded its regional footprint. In September, the firm completed its acquisition of Koinsayang, a locally licensed crypto exchange, after securing regulatory approval. The transaction allows OSL to offer spot and derivatives trading services under Indonesia’s regulatory framework.

These moves highlight how licensing clarity is becoming a key factor for global exchanges looking to operate in tightly regulated jurisdictions.

New Rules Add Layers of Protection

The list follows the rollout of OJK Regulation No. 23/2025, which tightens oversight of digital financial assets, including crypto and related derivatives. Under the new rules, exchanges are prohibited from facilitating trades in assets that are not registered or approved by a licensed digital asset exchange.

The regulation also introduces requirements for digital asset derivatives. Exchanges must obtain prior approval from OJK before offering such products, while margin trading must be backed by segregated funds or digital assets. In addition, consumers are required to pass a knowledge assessment before gaining access to derivatives trading.

OJK said these measures are designed to align local rules with global supervisory practices while improving safeguards for retail investors.

Indonesia’s tougher approach comes as the country cements its position as one of the world’s most active crypto markets. According to Chainalysis’ 2025 Global Crypto Adoption Index, Indonesia ranks within the global top 10 for crypto adoption, reflecting sustained growth and rising participation across digital asset markets.