BlockBeats news, December 22, according to Techinasia, the Indonesian 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 authorized to provide cryptocurrency trading and related services in Indonesia. The regulator also announced 4 licensed digital asset market infrastructure providers, covering exchanges, clearing, and custody services.
OJK advises the public to verify the legal status of cryptocurrency providers and remain cautious about unrealistic profit claims. Platforms on the list include Indodax, Tokocrypto, Pintu, Luno, Upbit, and Pluang, among others.
Under Law No. 4 of 2023, cryptocurrency regulatory authority has been transferred from the Commodity Futures Regulatory Agency (Bappebti) to OJK, with unlicensed operations facing 5 to 10 years of imprisonment and fines ranging from 10 billion to 1 trillion Indonesian rupiah.
