Indonesia's Financial Services Authority releases list of 29 licensed cryptocurrency trading platforms
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Indonesia's Financial Services Authority releases list of 29 licensed cryptocurrency trading platforms
According to Techinasia, Indonesia's Financial Services Authority (OJK) has released a list of 29 officially licensed cryptocurrency asset trading platforms authorized to operate legally in the country. This move is part of OJK's efforts to strengthen consumer protection and regulate digital financial assets. OJK stated that only companies on the list are legally permitted to provide cryptocurrency trading and related services in Indonesia. The regulator also announced four licensed digital asset market infrastructure providers, covering exchange, clearing, and custody services. OJK advises the public to verify the legal status of cryptocurrency providers and remain cautious of unrealistic profit claims. Platforms on the list include Indodax, Tokocrypto, Pintu, Luno, Upbit, and Pluang. Under Law No. 4 of 2023, regulatory authority over cryptocurrencies has shifted from the Commodity Futures Trading Regulatory Agency (Bappebti) to OJK, and operating without a license carries penalties of 5 to 10 years' imprisonment and fines between 1 billion and 10 trillion Indonesian rupiah.
Navigating Web3 tides with focused insightsTechFlow news, December 22 — According to Techinasia, Indonesia's Financial Services Authority (OJK) has released a list of 29 officially licensed cryptocurrency asset trading platforms authorized to operate legally in the country.
The move is part of OJK's efforts to strengthen consumer protection and regulate digital financial assets. OJK stated that only companies on the list are legally permitted to offer cryptocurrency trading and related services in Indonesia. The regulator also disclosed four licensed digital asset market infrastructure providers, covering exchange, clearing, and custody services.
OJK advises the public to verify the legal status of cryptocurrency providers and remain cautious of unrealistic profit claims. Platforms on the list include Indodax, Tokocrypto, Pintu, Luno, Upbit, and Pluang.
Under Law No. 4 of 2023, regulatory authority over cryptocurrencies has shifted from the Commodity Futures Trading Regulatory Agency (Bappebti) to OJK. Operating without a license carries penalties of five to ten years in prison and fines ranging from 1 billion to 10 trillion Indonesian rupiah.
