The Indonesian Financial Services Authority has announced the list of 29 licensed cryptocurrency exchanges.

BlockBeats News, December 22, according to Techinasia report, the Indonesian Financial Services Authority (OJK) has released a list of 29 cryptocurrency asset exchanges that have obtained official licenses, allowing them 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 regulatory agency also revealed 4 licensed digital asset market infrastructure providers, covering exchanges, clearing, and custody services.

OJK advised the public to verify the legal status of cryptocurrency providers and remain cautious of unrealistic profit claims. The 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, and operating without a license will face 5 to 10 years of imprisonment and fines ranging from 10 billion to 1 trillion Indonesian Rupiah.