When you hear OJK licensing, the official licensing system for financial services in Indonesia, overseen by the Financial Services Authority. Also known as Otoritas Jasa Keuangan, it's the only legal gateway for crypto exchanges, token issuers, and wallet providers to operate in the country. Without it, any crypto service is technically illegal—even if it looks legit online. This isn’t just paperwork; it’s a survival requirement. Projects that skip OJK licensing don’t just risk fines—they vanish overnight. Users lose funds. Exchanges disappear. And the people who trusted them are left with nothing.
OJK licensing doesn’t just approve companies—it forces transparency. To get licensed, a crypto business must prove it has real office space in Indonesia, clear anti-money laundering controls, local customer support, and audited financial records. That’s why you see so few platforms with the official stamp. Most crypto sites targeting Indonesians are offshore, unlicensed, and hiding behind fake websites or Telegram groups. The ones that do get licensed—like Pintu and Tokocrypto—are the only ones legally allowed to accept rupiah deposits and list tokens. But even licensed platforms can’t list just any coin. OJK blocks tokens with no clear use case, no team, or no blockchain activity. That’s why you won’t see fake airdrops like TRO or WUSDR on licensed exchanges. They’re not just scams—they’re violations of licensing rules.
The same rules apply to DeFi, NFTs, and staking platforms. If a project promises high returns but won’t show you its OJK license number, walk away. Indonesia’s crypto market isn’t wild west—it’s a tightly controlled zone. And the people who follow the rules are the only ones who last. The posts below show you exactly what happens when projects ignore OJK licensing: airdrops that vanish, exchanges that shut down, and tokens that go to zero overnight. You’ll see real cases where users lost everything because they trusted something that never had the right paperwork. This isn’t speculation. It’s what happens when you ignore the law. Below, you’ll find deep dives into failed projects, banned platforms, and the few that made it through the system—so you know exactly what to look for and what to avoid.
Indonesia's crypto exchange rules changed in 2025 under OJK's new DFA framework. Learn the $6M capital requirement, compliance steps, asset listing rules, and tax changes that now govern crypto trading in the country.
