Indonesia’s Financial Services Authority (OJK) has officially published a whitelist of 29 licensed crypto platforms, providing investors with a clear reference of legally approved exchanges. The regulator urged users to trade only with listed entities and treat unlisted platforms as unlicensed operators.
The move comes as global firms race to enter Indonesia’s fast-growing crypto market, which includes around 17 million crypto traders. Robinhood recently secured entry through acquisitions of local brokerage and licensed digital asset firms, while Hong Kong–based OSL Group completed its purchase of Koinsayang earlier this year.
The whitelist follows OJK Regulation No. 23/2025, which tightens oversight of digital assets and derivatives. The framework requires prior approval for derivatives, mandates margin safeguards, and introduces investor knowledge tests. Regulators say the measures align Indonesia with international standards while strengthening consumer protection in one of Southeast Asia’s most active crypto markets.
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