Indonesia’s licensed crypto perimeter under OJK
The regulatory shift centralizes supervision of digital financial assets and crypto trading under OJK and requires operators to secure a PFAK (Physical Crypto Asset Trader) license. PFAK authorization is positioned as the gating requirement for platforms that want to legally trade crypto assets in Indonesia under the new framework.
OJK’s published whitelist names 29 entities cleared to operate, creating a defined set of approved counterparties. The whitelist is intended to function as an auditable perimeter that separates authorized platforms from non-authorized operators. The 29 licensed platforms are:
- Ajaib (PT Kagum Teknologi Indonesia)
- ASTAL (PT Aset Instrumen Digital)
- Bittime (PT Utama Aset Digital Indonesia)
- Bitwewe (PT Sentra Bitwewe Indonesia)
- Bitwyre (PT Teknologi Struktur Berantai)
- BTSE Indonesia (PT Aset Kripto Internasional)
- Coinvest (PT Pedagang Aset Kripto)
- CoinX (PT Kripto Inovasi Nusantara)
- CYRA (PT Cyrameta Exchange Indonesia)
- Floq (PT Kripto Maksima Koin)
- Indodax (PT Indodax Nasional Indonesia)
- Koinsayang (PT Multikripto Exchange Indonesia)
- MAKS (PT Mitra Kripto Sukses)
- Mobee (PT CTXG Indonesia Berkarya)
- Naga Exchange (PT Cipta Koin Digital)
- Nanovest (PT Tumbuh Bersama Nano)
- Nobi (PT Enkripsi Teknologi Handal)
- Pintu (PT Pintu Kemana Saja)
- Pluang (PT Bumi Santosa Cemerlang)
- Reku (PT Rekeningku Dotcom Indonesia)
- Samuel Kripto (PT Samuel Kripto Indonesia)
- Stockbit (PT Coinbit Digital Indonesia)
- Tokocrypto (PT Aset Digital Berkat)
- Triv (PT Tiga Inti Utama)
- Upbit (PT Upbit Exchange Indonesia)
- digitalexchange.id (PT Indonesia Digital Exchange)
- Fasset (PT Gerbang Aset Digital)
- GudangKripto (PT Gudang Kripto Indonesia)
- Luno (PT Luno Indonesia Ltd)
OJK also listed four licensed market infrastructure institutions with distinct roles to formalize how trading, clearing, and custody are handled. The exchange–clearing–custody split is framed as a structural control designed to reduce settlement and counterparty risk through clearer institutional responsibilities. The four institutions are: PT Bursa Komoditi Nusantara (CFX) as an exchange, PT Kliring Komoditi Indonesia (KKI) as clearing, and PT Kustodian Koin Indonesia (ICC) plus PT Tennet Depository Indonesia (Tennet) as custodians.
The clarified licensing regime is already influencing market-entry strategy, particularly for international players seeking compliant access. The text points to M&A and local-license pathways as the preferred route for global firms to meet OJK requirements and accelerate time-to-market. Examples cited include a foreign retail brokerage acquiring an Indonesian brokerage and licensing a local digital asset trader, and a Hong Kong-based group purchasing a local exchange to secure approval for spot and derivatives activities.
For investors and compliance teams, the whitelist creates a practical filter for counterparty risk assessment and onboarding decisions. Only the named platforms carry OJK-authorized status, making whitelist verification a baseline control for governance, risk, and compliance workflows. Operationally, the text flags the need to align proof-of-reserves disclosures, custody arrangements, and clearing relationships with the newly formalized infrastructure to manage liquidity and settlement exposure.
OJK’s whitelist and the transfer of supervision from Bappebti increase legal certainty while concentrating regulatory accountability under a single supervisor.