Indonesia’s OJK Whitelists 29 Licensed Crypto Platforms: See Who Made the Cut

Group 1 - The Financial Services Authority of Indonesia (OJK) has published a whitelist of 29 licensed crypto and digital financial asset trading platforms, marking a significant regulatory step to enhance oversight and consumer protection in the rapidly growing crypto market [1][6] - The whitelist includes platforms that have received full licenses (PAKD) or are registered as prospective traders (CPAKD) while completing their approval process [2][3] - Fully licensed platforms include major exchanges such as Indodax, Pintu, Pluang, and Tokocrypto, among others [3][4] Group 2 - The OJK has also identified several prospective traders still in the licensing process, including Luno Indonesia and Fasset, which are under regulatory supervision [4] - The core infrastructure for the digital asset market is confirmed, with PT Bursa Komoditi Nusantara as the licensed digital asset exchange and PT Kliring Komoditi Indonesia as the clearing and settlement institution [4][5] - The regulatory authority over crypto and digital financial assets has shifted from Bappebti to OJK, as mandated by Law Number 4 of 2023, requiring all digital financial asset service providers to meet licensing requirements [6][7] Group 3 - Unlicensed operations are subject to criminal penalties, including prison sentences and substantial fines, highlighting the importance of compliance for crypto platforms [7] - The OJK warns that platforms not listed are unlicensed and pose heightened risks to consumers [7]