Indonesia's Financial Regulator Lists 29 Licensed Crypto Exchanges Under Regulation 23/2025

Indonesia's Financial Services Authority has published an official whitelist of 29 licensed crypto exchanges and platforms operating in the country, alongside stricter rules for digital asset derivatives. Under Regulation No. 23/2025, exchanges must avoid unapproved assets, use segregated margin mechanisms and require users to pass a knowledge test before trading derivatives, aiming to improve transparency and investor protection. The new framework is designed to give compliant platforms a competitive edge while supporting a more standardized and secure crypto market.