Indonesia’s crypto industry continues its shift toward maturity as the Financial Services Authority (OJK) deepens its regulatory oversight. The country’s first and only licensed crypto exchange, PT Central Finansial X (CFX), has officially expanded the list of legally tradable digital assets to 1,421 tokens, up from 1,414 in September.
Read more: Indonesia’s Path to Southeast Asia’s Crypto Hub with Clear Regulation and 16M Investors
This update was formalized through Directors’ Decree No. CFX/DIR-SK/017/X/2025, in accordance with OJK Regulation No. 27/2024 concerning the Implementation of Digital Financial Asset Trading. The regulation authorizes CFX to maintain and periodically review the List of Legal Crypto Assets (DAK), ensuring a secure, compliant, and transparent trading environment for investors and institutions alike.
The decree also repeals the previous ruling dated September 25, 2025, reinforcing OJK’s authority as Indonesia transitions from a commodity-based regulatory structure under Bappebti to a financial system–integrated model. The shift marks a major milestone: crypto assets are now governed under the same principles of prudence, risk management, and consumer protection applied across the broader financial sector.
Integration and Institutionalization of the Crypto Ecosystem
The transfer of supervision to OJK earlier this year has transformed how the government views digital assets — not merely as speculative commodities but as part of a structured financial ecosystem. Licensed operators like CFX must now meet stricter compliance standards, including governance checks, AML/CFT protocols, and operational transparency.
As OJK embeds crypto oversight within the national financial framework, CFX plays a critical operational role. The exchange is tasked with evaluating token eligibility and ensuring only credible, globally recognized projects are available to Indonesian investors.
The updated whitelist retains major assets such as Bitcoin (BTC), Ethereum (ETH), Solana (SOL), BNB, XRP, and USDT, alongside popular altcoins like Cardano (ADA), Tron (TRX), Toncoin (TON), and Chainlink (LINK).
In addition, 28 new tokens have been added, many focused on emerging sectors such as Artificial Intelligence (AI), Decentralized Finance (DeFi), and Real World Asset (RWA) tokenization. These include Aster (ASTER), Plasma (XPL), Linea (LINEA), DoubleZero (2Z), Monad (MONAD), and Zenith AI (ZENI).
Several rebrandings are also reflected in the decree, such as Maker (MKR) becoming Sky (SKY), Fantom (FTM) transitioning to Sonic (S), and Maple (MPL) evolving into Maple Finance (SYRUP) — indicating regulatory agility in accommodating ecosystem changes.
Read more: Indonesia Secures Its Spot in the Global Top 10 for Crypto Adoption in 2025
Market Growth and Emerging B2B Potential
Despite short-term volatility, Indonesia’s crypto adoption remains robust. Data from OJK shows that as of August 2025, 18.08 million Indonesians were registered crypto users — a 9.57% increase from July. While September’s trading volume dipped to Rp38.64 trillion (down 14.5% from August), year-to-date transactions reached Rp360.3 trillion, reflecting consistent market resilience.
This sustained growth highlights how regulation can coexist with innovation. As oversight strengthens, confidence from institutional investors, fintech players, and corporate treasuries is expected to rise. Clearer rules and consistent evaluation standards provide the framework needed for tokenization pilots, digital asset custody solutions, and cross-border blockchain finance initiatives — areas that are increasingly relevant to enterprise-scale adoption.
For the B2B landscape, the message is clear: the Indonesian crypto market is entering a compliance-driven growth phase, where transparency and governance are the new differentiators. Institutional readiness, strategic collaboration, and brand credibility will shape which players succeed in this maturing ecosystem.
ICN Insight: Turning Regulation into Opportunity
As Indonesia positions itself as a regional leader in regulated digital finance, businesses must learn to communicate innovation responsibly — not just fast, but smart.
At ICN, we help fintech, blockchain, and financial institutions translate regulatory change into strategic communication, building trust through clarity, education, and storytelling that align with compliance and growth goals. From thought leadership campaigns to industry partnerships, ICN works with forward-thinking organizations to turn market shifts — like OJK’s oversight transition — into momentum for brand leadership.
Because in the next era of crypto, credibility will move markets. And the brands that grow will be those that lead with trust, transparency, and purpose.
Let’s Talk
If your company operates in fintech, blockchain, or digital finance and wants to strengthen its brand narrative under the new OJK era, contact us here to build a communication strategy that grows with regulation, not against it.
