Indonesia is emerging as a regulatory leader in crypto, setting a clear path for digital asset compliance. With the Financial Services Authority (OJK) now overseeing crypto regulations, businesses looking to enter Indonesia’s booming market must adapt to new listing criteria that prioritize transparency, utility, and investor protection. This regulatory shift signals Indonesia’s commitment to fostering a structured and sustainable crypto ecosystem—is your project ready?
OJK’s Four Key Listing Criteria
To be legally listed and traded in Indonesia, crypto assets must meet the following conditions under OJK’s latest regulations:
- Utilization of Distributed Ledger Technology (DLT)
- Crypto assets must be built on a transparent and publicly accessible DLT network. This ensures accountability and enhances market security.
- Clear Utility or Economic Value
- Assets must demonstrate real-world use cases or be backed by underlying assets that provide economic benefits to users.
- Traceability and Transparency
- The ability to track transactions is essential. Crypto assets with features that obscure ownership or transactions will not be eligible for listing.
- Assessment by Registered Crypto Exchanges
- Crypto assets must undergo an evaluation by an OJK-recognized exchange, such as PT Central Finansial X (CFX) and others. This assessment process ensures a standardized approach to asset listing, incorporating input from market participants.
Read more: Indonesia Crypto Wrapped: The Key Stats You Need Right Now
How This Affects Foreign Crypto Businesses
For years, many crypto projects have had to list on offshore exchanges due to Indonesia’s evolving regulatory landscape. Now, with clearer guidelines, businesses have a structured path to legally list their assets domestically, unlocking new opportunities:
- Exchanges looking to expand into Indonesia and offer compliant trading pairs.
- Crypto projects seeking to tap into Indonesia’s large and engaged user base.
- Institutional investors interested in regulated crypto investment opportunities.
Previously, Indonesia’s crypto market was regulated by the Commodity Futures Trading Regulatory Agency (Bappebti). However, under the Financial Sector Development and Strengthening Law (UU P2SK), regulatory oversight has transitioned to OJK. This move aligns crypto regulations with broader financial market supervision, ensuring greater investor protection and fostering industry growth.
How to Prepare for Market Entry
The implementation of OJK’s listing framework will redefine market entry strategies for crypto businesses. To successfully enter Indonesia, companies should:
- Assess regulatory compliance – Review whether their crypto assets align with OJK’s listing criteria.
- Engage with registered Indonesian exchanges – Understand the evaluation process and requirements for listing.
- Partner with local experts – Collaborate with industry leaders like Indonesia Crypto Network (ICN) to navigate regulatory adherence and market positioning.
Indonesia ranks third globally in crypto adoption, with over 20.9 million users in 2024. As the country cements its position as a major player in the global crypto economy, businesses that proactively adapt to these regulations will gain a competitive edge.
Read more: OJK launches SPRINT App: A Game-Changer for Indonesian Crypto Market
Need Guidance?
Regulations are evolving fast—don’t get left behind. Contact us today for expert insights on navigating Indonesia’s crypto market and ensuring compliance with OJK’s new requirements.
