Indonesia’s Financial Services Authority has released an official whitelist naming 29 licensed digital asset and cryptocurrency trading platforms permitted to operate legally in the country.
The announcement comes only weeks after regulators introduced stricter rules aimed at tightening oversight of the rapidly expanding digital asset sector.
Authorities said the published list provides clarity for consumers seeking to confirm whether a crypto service provider is properly authorised before trading.
Each licensed entity is listed alongside its approved application or platform to reduce confusion among retail and institutional users.
The regulator urged the public to conduct transactions exclusively with whitelisted platforms and to avoid engaging with unlicensed operators.
Officials warned that platforms not appearing on the list should be considered unauthorised and may pose significant risks to users.
The clarification arrives as several global cryptocurrency firms move to establish or expand their presence in Indonesia.
International exchanges have increasingly targeted the country due to its large population and growing base of digital asset investors.
Earlier this month, Robinhood signed agreements to acquire Indonesian brokerage Buana Capital and licensed digital asset trader PT Pedagang Aset Kripto.
The acquisitions are expected to provide Robinhood with direct access to a market of more than 19 million capital-market investors and around 17 million crypto traders.
Hong Kong–based OSL Group also completed the acquisition of local licensed exchange Koinsayang in September after securing regulatory approval.
The deal enables OSL Group to offer both spot and derivatives crypto trading services within Indonesia’s regulated framework.
The publication of the whitelist follows the introduction of OJK Regulation No. 23/2025, which strengthens supervision of digital financial assets.
The regulation prevents exchanges from facilitating trades in crypto assets that are not registered or approved by licensed digital asset exchanges.
It also establishes new rules for digital asset derivatives, requiring prior regulatory approval at the exchange level.
Licensed platforms must implement margin mechanisms through segregated funds or digital assets to enhance risk management.
Consumers are additionally required to pass a knowledge assessment before gaining access to crypto derivatives products.
Regulators said the measures are designed to align Indonesia’s crypto framework with international supervisory standards and improve investor protection.
Indonesia’s stricter licensing regime comes as the country cements its reputation as one of Southeast Asia’s fastest-growing crypto markets.
Industry data providers have consistently ranked Indonesia among the world’s top markets for digital asset adoption.
Chainalysis’ 2025 Global Crypto Adoption Index places Indonesia within the global top ten, highlighting its growing role in worldwide crypto activity.