Indonesia’s OJK releases a whitelist of 29 licensed crypto platforms, including Indodax and Tokocrypto, to enhance oversight and consumer protection in Southeast Asia’s booming crypto market. The list distinguishes fully licensed platforms from those still undergoing approval processes, aiming to provide users with a trusted reference point before trading.

The regulatory shift from Bappebti to OJK mandates compliance with licensing requirements for all digital asset service providers. Unlicensed operations face criminal penalties, prompting OJK’s warning against unapproved platforms that pose heightened risks to consumers. Tighter rules under OJK Regulation No. 23/2025 further strengthen oversight of digital financial assets and derivatives trading, introducing stricter requirements such as margin mechanisms and knowledge tests.

Indonesia’s regulatory push coincides with its rise as a major global crypto market, ranking among the world’s top ten for adoption and first in Southeast Asia. With around 17 million crypto traders and over 19 million capital market investors, the country’s regulatory measures aim to ensure a secure and transparent environment for digital asset trading.

Read more at Yahoo Finance: See Who Made the Cut