Key Takeaways
- The Financial Services Authority (OJK) released an official whitelist naming 29 crypto asset traders that have met licensing requirements and are now formally registered to operate.
- Pintu, Pluang, Reku, Tokocrypto, Upbit Indonesia, Stockbit Crypto and Ajaib Kripto, alongside smaller exchanges like Triv, Nanovest, CoinX figure in the list
Indonesia’s financial regulator has formally narrowed the field of who can legally operate in the country’s crypto market, publishing a government-approved list of licensed trading platforms in a move aimed at tightening oversight and protecting users.
On December 21, the Financial Services Authority (OJK) released an official whitelist naming 29 crypto asset traders that have met licensing requirements and are now formally registered to operate. The list includes many of Indonesia’s largest and most recognisable platforms, such as Indodax, Pintu, Pluang, Reku, Tokocrypto, Upbit Indonesia, Stockbit Crypto and Ajaib Kripto, alongside smaller exchanges like Triv, Nanovest, CoinX and Cyra Exchange.
Regulators framed the announcement as a consumer protection measure rather than an endorsement of crypto speculation. According to OJK, the whitelist is intended to give the public a clear and authoritative reference point for determining which platforms are operating legally under Indonesia’s evolving digital asset framework.
Ismail Riyadi, who heads financial inclusion and communications at the OJK, said the list should be treated as the definitive guide for crypto users. As per reports, platforms that do not appear on it, he warned, are not licensed or supervised and therefore fall outside the regulator’s oversight.
The move effectively redraws the boundaries of Indonesia’s crypto market. By explicitly identifying authorised operators, the OJK has made it easier for enforcement agencies to act against unlicensed platforms, which will now be treated as illegal under the current regime. Industry participants say this clarity could reduce grey areas that previously allowed offshore or informal services to reach Indonesian users.
Riyadi urged investors and other stakeholders to support the development of what he described as a “healthy and high-integrity” digital asset ecosystem. That, he said, requires transacting only through licensed entities and reporting suspicious or illegal activity that could harm the public.
The development comes in the wake of the Southeast Asian country witnessing a spike in crypto adoption in recent years. In the Chainalysis’ 2025 Global Crypto Adoption Index Report, Indonesia secured the 7th spot worldwide, reflecting a growing interest for digital assets in the country. In 2024, within the Central & Southern Asia and Oceania region, Indonesia had the highest year-over-year growth at approximately 200%, Chainalysis had pointed out.
