Indonesia Introduces Strict Crypto Whitelist to Regulate Market Access
Indonesia's Financial Services Authority has unveiled a formal whitelist of 29 licensed cryptocurrency platforms, marking a significant step toward regulatory clarity in Southeast Asia's largest economy. The move comes as digital asset trading volumes surge and global firms expand operations in the region.
Regulation No. 23/2025 establishes tougher compliance standards for exchanges and listed assets, with unlicensed operators now facing targeted enforcement actions. The centralized whitelist eliminates market confusion by providing a single reference point for legitimate platforms—a stark contrast to the previous patchwork of information sources.
Market observers note the framework positions Indonesia as an emerging hub for regulated crypto activity, with enhanced consumer protections expected to boost institutional participation. The timing coincides with increased adoption of major assets like BTC and ETH among Indonesian retail investors.
