Jakarta (VNA) – Indonesia’s Financial Services Authority, Otoritas Jasa Keuangan (OJK), on December 21 published an official whitelist of 29 crypto asset traders that have obtained licenses and are formally registered in the country.
The publication is part of the authority’s efforts to strengthen consumer protection and safeguard the integrity of digital financial asset and crypto asset activities in Indonesia, OJK said.
Ismail Riyadi, head of OJK’s Department of Financial Inclusion and Communications, said the whitelist serves as an official reference for the public to verify the legal status of companies conducting digital financial asset and crypto transactions.
Companies that are not included in this list are not licensed or supervised crypto asset trading entities or platforms, Ismail said in a statement.
He urged the public and all stakeholders to support the development of a healthy and high-integrity digital financial asset and crypto ecosystem that prioritises consumer protection. This can be done by transacting only through legal entities and actively reporting any indications of illegal activities that harm the public, he noted.
OJK also reminded consumers to apply the principles of legality and logic when choosing digital financial asset and crypto products and services. Legality means ensuring that the provider holds proper authorisation from OJK and relevant authorities, while logic refers to exercising caution toward promises of unrealistic profits or returns./.
