Indonesia’s OJK Releases Whitelist of 29 Licensed Crypto Platforms
- The whitelist includes names of entities and their platforms, ensuring users can verify licensed providers.
- OJK urges the public to transact only with listed entities, treating unlisted platforms as unlicensed.
- Major exchange Upbit is among those included in the whitelist.
- Robinhood recently acquired Indonesian brokerage Buana Capital and PT Pedagang Aset Kripto, targeting a market with over 19 million capital-market investors.
- OJK Regulation No. 23/2025 introduces stricter oversight for digital assets, requiring prior approval for exchanges to trade non-registered assets.
The release of this whitelist aligns with Indonesia’s efforts to strengthen regulations around digital assets, as the country emerges as a significant player in the crypto market with tens of millions of investors across capital markets and digital assets.
Indonesia’s proactive approach includes licensing measures that aim to protect investors while fostering growth in its rapidly expanding crypto economy, now home to approximately 17 million crypto traders. (Source)
