Indonesia Issues Official Whitelist of 29 Registered Crypto Exchanges

Indonesia has taken a major regulatory step in crypto oversight. The country’s financial regulator, Otoritas Jasa Keuangan (OJK), has released an official whitelist of 29 licensed. With registered crypto asset trading platforms. The list was reported by the Jakarta Globe. The move aims to strengthen consumer protection. It also brings more clarity to Indonesia’s fast growing digital asset market. According to OJK, only platforms on this list are legally allowed to operate crypto trading services in the country.

Regulator Tightens Oversight on Crypto Trading

OJK said the whitelist will act as a public reference. Users can now verify whether a crypto platform is licensed and supervised. This comes as Indonesia sees rising crypto adoption, especially among retail investors. 

Ismail Riyadi, head of OJK’s Department of Financial Inclusion and Communications, warned users to stay alert. He said platforms not listed are not licensed crypto trading entities. As a result, users should avoid them. Meanwhile, OJK urged the public to report any suspected illegal crypto activity. The regulator stressed that consumer protection remains the top priority as digital assets expand across the financial system.

Major Local and Global Exchanges Included

The whitelist includes a mix of local leaders and global brands. Well-known names such as Indodax, Tokocrypto, Upbit Indonesia, Luno Indonesia and Pintu made the list. Other licensed platforms include Ajaib, Pluang, Reku, Stockbit, Triv and Nanovest. In total, 29 crypto asset traders received approval. Each platform operates under a registered Indonesian legal entity. This requirement ensures regulatory accountability and local oversight. However, OJK did not announce new licenses alongside the list. Instead, the release appears focused on public awareness and enforcement clarity.

Four Market Infrastructure Institutions Approved

Beyond exchanges, OJK also approved four licensed market infrastructure institutions. These entities support the broader crypto trading ecosystem. They include one exchange operator, one clearing institution and two custody providers. These institutions handle trade execution, settlement and asset safekeeping. By licensing infrastructure players, OJK aims to strengthen operational safety. It also reduces systemic risks tied to custody and settlement failures.

Warning Against Unrealistic Profit Claims

OJK used the announcement to remind investors of basic safety principles. First is legality. Users should only trade on platforms authorized by OJK and related authorities. Second is logic, investors should stay cautious of platforms promising guaranteed or unrealistic returns. According to OJK, such claims often signal fraud.

As crypto scams remain common across Southeast Asia, regulators are increasing pressure on unlicensed operators. Indonesia’s whitelist now draws a clear line between legal platforms and illegal ones. In short, Indonesia is tightening control while allowing regulated growth. For users, the message is simple. Trade only on licensed platforms, verify before investing and report suspicious activity early.