Indonesia’s Financial Services Authority has formally published a whitelist of 29 licensed crypto platforms, providing long-awaited clarity on which exchanges are legally authorised to operate in the country.
In a statement, Otoritas Jasa Keuangan (OJK) said the list is intended to serve as an official reference for investors, allowing users to verify whether a crypto service provider is properly licensed before trading. The regulator urged the public to transact only with platforms included on the whitelist and to treat any unlisted providers as operating without approval.
The published list includes the names of licensed entities along with their associated applications or trading platforms. According to OJK, the move is aimed at strengthening consumer protection and reducing the risks posed by unregulated crypto operators, including fraud, misrepresentation, and misuse of customer funds.
“OJK encourages the public to always ensure that digital asset trading activities are conducted through licensed and supervised providers,” the regulator said, adding that platforms not included on the list should be considered unlicensed.
OJK also warned users against downloading unofficial apps or accessing trading services through websites that do not match the authorised platforms listed.
The announcement comes as Indonesia continues to tighten oversight of its rapidly growing crypto market.
Earlier this year, regulatory authority over digital asset trading formally shifted from the country’s commodity futures regulator to OJK, expanding the financial watchdog’s role to include crypto assets as part of a broader digital finance framework.
Indonesia is one of Southeast Asia’s largest crypto markets by user base, with millions of retail traders participating in spot trading and other digital asset activities. Regulators have repeatedly raised concerns about the proliferation of illegal exchanges and offshore platforms targeting Indonesian users without proper authorisation.
By publishing the whitelist, OJK aims to draw a clearer line between licensed operators and unauthorised services, while improving transparency for both investors and market participants.
The regulator also said it will continue monitoring the sector and take enforcement action against platforms that operate without approval.
OJK has encouraged the public to report suspected illegal crypto activity and said the whitelist will be updated as new platforms receive licences or existing approvals change. The move is expected to play a key role in shaping Indonesia’s regulated crypto market as digital asset adoption continues to expand.