Crypto Legalization in Indonesia 2026: 28 OJK-Licensed Traders

Crypto legality in Indonesia means that crypto assets may be traded through operators that meet regulatory requirements, but they may not be used as a means of payment. In the September 2026 update, the number of Digital Financial Asset Traders (Pedagang Aset Keuangan Digital, or PAKD) licensed by the Financial Services Authority (OJK) reached 28 companies.

Before choosing an app, you should identify the legal entity that operates it and verify its licensing status. This article covers the applicable rules, a list of companies for verification, and steps to check a platform without treating a license as a guarantee of profits.

Key Takeaways

• Crypto asset trading is permitted under Indonesia's regulatory framework, while using crypto assets as a means of payment is prohibited.
• The number of licensed PAKD operators reached 28 in the September 2026 update; verify their identities and latest licensing status before trading.
• Verify the legal entity, official channels, and scope of services, because a business license does not eliminate the risk of losses.

Is Crypto Legal in Indonesia?

Yes, crypto asset trading is governed by a legal framework in Indonesia. Regulatory and supervisory responsibility transferred from Bappebti to OJK on January 10, 2025.

However, the legality of trading does not make cryptocurrency a legal currency or means of payment. Buying assets to hold or trade is different from using them to pay for goods and services.

For example, purchasing Bitcoin through a licensed trader is an asset-trading activity. Sending Bitcoin to a seller to pay for a purchase constitutes using it as a means of payment, which cannot be justified merely because Bitcoin can be bought and sold.

Therefore, whether crypto is legal in Indonesia depends on the activity involved. Check who operates the service, which product is being used, and the purpose of the transaction.

Read Also: Bittime: Regulation and Innovation Must Go Hand in Hand to Strengthen the Crypto Ecosystem

What Does It Mean for a Crypto App to Be OJK-Licensed?

Business licenses are issued to the legal entities operating the services, not merely to app names. PAKD is a category of traders within the digital financial asset trading ecosystem, including crypto assets.

A brand name may differ from the company name shown in licensing documents. When looking for a legal crypto platform, use the legal entity's name as listed in the platform's legal information to avoid confusing the results.

The term “registered” also does not necessarily mean the same as “licensed.” Earlier transitional documents distinguished registered prospective traders from traders that had already obtained a business license.

Such historical statuses should not be treated as permanent conclusions. Review subsequent updates, since prospective traders may obtain licenses, while operators' statuses must also be checked against the latest announcements.

List of OJK-Licensed Crypto Traders

The September 2026 update recorded 28 licensed traders. The following list of legal entities is provided to help verify identities. It is organized by company name and does not represent a ranking of services.

1. PT Aset Digital Berkat.
2. PT Aset Instrumen Digital.
3. PT Aset Kripto Internasional.
4. PT Bumi Santosa Cemerlang.
5. PT Cipta Koin Digital.
6. PT Coinbit Digital Indonesia.
7. PT CTXG Indonesia Berkarya.
8. PT Cyrameta Exchange Indonesia.
9. PT Enkripsi Teknologi Handal.
10. PT Gudang Kripto Indonesia.
11. PT Indodax Nasional Indonesia.
12. PT Indonesia Digital Exchange.
13. PT Kagum Teknologi Indonesia.
14. PT Kripto Inovasi Nusantara.
15. PT Kripto Maksima Koin.
16. PT Luno Indonesia Ltd.
17. PT Mitra Kripto Sukses.
18. PT Multikripto Exchange Indonesia.
19. PT Pedagang Aset Kripto.
20. PT Pintu Kemana Saja.
21. PT Rekeningku Dotcom Indonesia.
22. PT Samuel Kripto Indonesia.
23. PT Sentra Bitwewe Indonesia.
24. PT Teknologi Struktur Berantai.
25. PT Tiga Inti Utama.
26. PT Tumbuh Bersama Nano.
27. PT Upbit Exchange Indonesia.
28. PT Utama Aset Digital Indonesia.

Use this list to identify a legal entity, then match it to the app's brand and website. Do not confuse similar names or assume that all products offered by a company have the same terms of use.

PAKD operators are also distinct from exchanges, clearing institutions, and asset custody providers. The figure of 28 refers to the trader category, not all institutions in the crypto ecosystem.

Read Also: Latest Crypto Taxes in Indonesia for 2026: A Complete Guide to CARF

Indonesia's Crypto Regulations and the Role of OJK

OJK Regulation (POJK) No. 27 of 2024 provides the basis for digital financial asset trading, including crypto assets. It was amended by POJK No. 23 of 2025, among other reasons, to strengthen regulation and accommodate digital financial asset derivatives.

This framework places crypto trading under financial-sector regulation and supervision. Operator licensing, operational requirements, and consumer protection are important aspects users should understand.

What Does PADK No. 3 of 2026 Regulate?

PADK No. 3 of 2026 took effect on September 1, 2026, and further regulates reporting for digital financial asset trading activities. Its scope includes asset evaluation reports, periodic and incidental reports, and procedures for submitting those reports.

These rules are relevant to the supervision of operators' activities. Readers should not interpret reporting requirements as automatic approval of every token or service offered.

Why Must Spot and Derivatives Services Be Distinguished?

Buying an asset on the spot market is different from trading derivatives contracts. Derivatives may involve margin and leverage, meaning price changes can trigger substantial losses or position liquidations.

If you want to use these services, review the product terms and the regulatory basis for offering them separately. A PAKD business license alone is insufficient to conclude that every feature of an app has the same scope of regulatory approval.

Read Also: Bittime Obtains the First Futures Trading License Under OJK Crypto Supervision

How to Check Crypto Legality in 5 Steps

1. Find the legal entity's name

Open the legal information, terms of use, or company information section of the platform's website. Record the full company name, brand, and website address you intend to use.

2. Open the latest licensing list

Look for the list of digital financial asset trading operators on the official ojk.go.id domain. Check the date of the data and make sure you are reviewing the trader category, rather than just a technology provider or another type of institution.

3. Match the license documents

Compare the company name and licensing information against official documents. Do not treat a screenshot of a license shared in a chat group as sufficient evidence without opening the original document.

4. Confirm that you are using the correct official channel

Check the spelling of the domain and follow app download links from the official website. Fraudsters can impersonate licensed companies through fake websites, so verifying the company name must be accompanied by checking the transaction channel.

5. Seek confirmation if information does not match

Postpone deposits if the company name, status, or website address does not match. You can request information through OJK Contact 157 or WhatsApp at 081157157157, providing details of the platform you want to verify.

Example: Checking Bittime's Licensing Status

Bittime is operated by PT Utama Aset Digital Indonesia. The company obtained its PAKD business license under KEP-11/D.07/2025, dated May 22, 2025.

Use the company name and decision number to match the licensing documents. Then make sure the website you open is bittime.com and check the latest announcements about its status and the services you plan to use.

This example illustrates how to verify an identity; it does not suggest that one platform is suitable for everyone. Other considerations still include fees, trading needs, and understanding the products.

Developments in Indonesia's Crypto Industry

As of August 2026, the number of registered consumer accounts with PAKD operators reached 23.21 million, up 1.23% from the previous month. Crypto asset transaction value during the same period reached Rp23.16 trillion, an increase of 12.87% month over month.

The number of accounts does not necessarily equal the number of individuals, because one person may have accounts with several operators. Transaction value also measures trading activity, not profits earned by consumers.

Growing activity makes platform verification and account security increasingly relevant. However, industry data should not be taken as a reason to assume that an asset's price will rise or that all users will achieve positive returns.

Read Also: Crypto Futures Continue to Grow: Is the Crypto Market Becoming More Mature?

After Verifying the License, Check Fees and Security

Licensing helps users screen operators, while choosing a service requires further checks. Consider the following four factors before deciding to deposit funds.

• Total costs: review trading fees, spreads, withdrawal fees, and other terms affecting the net amount you receive.
• Liquidity: check market depth and price spreads so you understand how the execution price may differ when your order is filled.
• Account security: use a unique password, enable two-factor authentication if available, and never share your one-time password (OTP) with anyone.
• Complaint handling: find official support channels and retain transaction records so any problems can be explained clearly and in sequence.

Limit the funds you commit to an amount you can afford to lose, and avoid buying with borrowed money. If an offer promises high fixed returns without explaining the risks, stop the process and verify the party making the offer.

For future checks, monitor changes in licensing status, product terms, and notifications from the platform. Today's verification records should be updated when you use a new service or encounter conflicting information.

Conclusion

Understanding crypto legality in Indonesia starts with distinguishing asset trading, use as a means of payment, and operator licensing. Verify the legal entity and its official channels, then assess the service's fees and risks before making a decision.

If Bittime meets your needs after these checks, you can register with Bittime through its official website and read the account terms first. A business license does not guarantee profits or eliminate the possibility of losing funds.

Bittime is a licensed Digital Financial Asset Trader (PAKD) platform regulated and supervised by Indonesia's Financial Services Authority (OJK) — where you can buy Bitcoin in Indonesia and hundreds of other crypto assets starting from Rp10,000. Registration is quick and secure, and you can get started today.

Track the conversion from USDT to IDR and the real-time prices of your favorite crypto assets. Everything is available in one crypto investment app that you can download for free from the Play Store.

Ready to get started? Sign up for Bittime now and put your investment strategy into action on a platform trusted by millions of users in Indonesia.

FAQ

Is crypto legal in Indonesia in 2026?

Crypto asset trading is permitted under the applicable regulatory framework and supervised by OJK. Cryptocurrency is not recognized as legal tender in Indonesia.

How many crypto traders are licensed by OJK?

The September 2026 update recorded 28 licensed PAKD operators. This figure refers to traders and excludes exchanges, clearing institutions, and asset custody providers.

How can I check whether a crypto platform is legal?

Find the legal entity's name on the latest official list, then match the license information, brand, and website. Contact OJK if there are discrepancies before submitting personal information or depositing funds.

Is Bittime licensed by OJK?

PT Utama Aset Digital Indonesia, the operator of Bittime, obtained a PAKD license under KEP-11/D.07/2025 on May 22, 2025. Continue checking for updates to its status and the terms of the services you intend to use.

Does an OJK license guarantee that crypto investments are protected against losses?

No. A business license does not guarantee profits or prevent asset prices from falling. Market risk, account security, and trade execution still need to be considered.