Overview
- OJK confirmed 29 platforms meet licensing requirements, giving the public a single reference for legal operators.
- The regulator urged investors to use only listed providers and to treat unlisted services as unlicensed.
- Regulation No. 23/2025 bars trading in unapproved assets, requires prior approval for derivatives, mandates segregated margin, and imposes a knowledge test before derivatives access.
- Upbit is included among licensed platforms, while Robinhood signed agreements to acquire Buana Capital and PT Pedagang Aset Kripto for regulated market entry.
- OSL Group completed its acquisition of Koinsayang in September, underscoring consolidation as Indonesia’s high-adoption crypto market attracts global firms.