Indonesia's OJK Publishes White List of Licensed Crypto Platforms and Tightens Regulations
On December 19, 2025, the Financial Services Authority of Indonesia (OJK) published a whitelist of 29 licensed cryptocurrency and digital asset trading platforms. This list serves as the official reference for the licensing status and regulatory supervision of digital financial asset service providers in Indonesia.
Among the fully licensed platforms, categorized as PAKD, are Indodax, Pintu, Pluang, Reku, Upbit Indonesia, Stockbit Crypto, Tokocrypto, Triv, Nanovest, Bittime, CoinX, Cyra Exchange, BTSE Indonesia, and Ajaib Kripto. Prospective traders under the CPAKD category, who are still undergoing the licensing process, include Luno Indonesia, Fasset, Digitalexchange.id, and Crypto Warehouse.
The whitelist also covers the core market infrastructure essential for trading activities. PT Bursa Komoditi Nusantara (CFX) is recognized as the licensed digital asset exchange; PT Kliring Komoditi Indonesia is responsible for clearing and settlement; while custody services are provided by PT Kustodian Koin Indonesia and PT Tennet Depository Indonesia.
Regulatory authority over cryptocurrencies and digital financial assets recently shifted from the Commodity Futures Trading Regulatory Agency (Bappebti) to OJK, following Law No. 4 of 2023. Under this law, all providers of digital financial asset services must be licensed either by OJK or Bank Indonesia. Operators without a valid license face potential criminal penalties.
OJK Regulation No. 23/2025 strengthens oversight by prohibiting trading in unregistered assets and enforcing stricter rules on derivatives trading. These rules include the implementation of margin mechanisms, the requirement for segregated funds, and mandatory knowledge tests for users.
Indonesia ranks among the world's top ten countries in crypto adoption in 2025 and holds the position of number one in Southeast Asia. The country has tens of millions of users, comprising approximately 17 million crypto traders and 19 million capital market investors.
