For novice investors, knowing the list of legal cryptocurrencies is a crucial first step before investing.

This helps reduce the risk of fraud and ensures that the assets selected are under the supervision of official regulators. However, it should be emphasized that cryptocurrencies are not recognized as a means of payment in Indonesia.

Their status is limited to tradable commodities, so their use is limited to investment instruments and not a substitute for the Rupiah.

As time goes by, oversight of crypto assets now involves two important institutions.

The Financial Services Authority (OJK) plays a role in maintaining a healthy financial ecosystem, while the Commodity Future Exchange (CFX) directly oversees digital commodity trading.

With the latest regulations, investors are expected to be able to conduct transactions more safely and effectively.

Crypto Regulation in Indonesia

Initially, crypto asset oversight in Indonesia was under he Commodity Futures Trading Regulatory Agency (Bappebti).

Since the official list was first released, the number of legal crypto assets has continued to grow, starting with 229, then rising to 501, then 545, and finally reaching 851 assets.

This list serves as an important reference for investors to safely transact on officially licensed crypto platforms.

A major change occurred after the Financial Sector Development and Strengthening Law (UU P2SK) was enacted. Through this regulation, the authority to oversee crypto assets officially shifted from Bappebti to the Financial Services Authority (OJK).

This transition ushered in a new direction for crypto industry governance in Indonesia, with the goal of creating a more stable, transparent, and protected ecosystem.

The next step was marked by the birth of PT Central Finansial X (CFX), the world’s first crypto exchange licensed and directly supervised by the OJK.

Interesting Articles for You to Read: The OJK’s Negative Investment List and Its Connection to Crypto Fraud

Legal Crypto List Update 2025

According to coinvestasi.com, the increase in the number of legal crypto assets in Indonesia by 2025 marks a significant milestone in the development of the national digital asset industry.

Previously, the Commodity Futures Trading Regulatory Agency (Bappebti) only recognized 851 assets. This number has now increased significantly after PT Central Finansial X (CFX) officially released the latest list.

Through a Decree dated April 16, 2025, CFX, the world’s first crypto exchange licensed and directly protected by the Financial Services Authority (OJK), designated 1,444 crypto assets legally traded in Indonesia.

On the latest list, popular cryptocurrencies remain the center of attention. Big names like Bitcoin (BTC), Ethereum (ETH), Solana (SOL), XRP (XRP), and the stablecoin USDT continue to dominate as investors’ primary assets of choice.

Their presence confirms their position as assets with the largest market capitalization and the highest global adoption rate.

In addition, several new tokens have also made it onto the legal list. Some of these include Celestia (TIA), Ethena (ENA), Sui (SUI), LayerZero (ZRO), Ondo (ONDO), and Pyth Network (PYTH).

These assets represent innovative projects operating in various sectors, from DeFi and Layer-2 to blockchain infrastructure, which are considered to have significant potential to support the future development of the digital ecosystem.

No less interesting, the meme coin category has also received official recognition. Several popular names like Dogecoin (DOGE), Shiba Inu (SHIB), Floki (FLOKI), and Pepe (PEPE) are also listed.

Even politically-tinged tokens like Official Trump (TRUMP) and Official Melania (MELANIA) have also passed the assessment.

This demonstrates that the CFX List not only focuses on large projects but also encompasses rapidly growing crypto trends within the global community.

Each asset included in the CFX list is selected through a rigorous evaluation process, including indicators such as market capitalization, international trading volume, project reputation and security, and community acceptance.

With this approach, CFX ensures that recognized assets are not only popular but also have a strong foundation for safe operation in Indonesia.

Legal Crypto Assessment Mechanism

Each crypto asset included in the official CFX list is not chosen arbitrarily. A series of indicators are used to assess whether an asset is legally tradable in Indonesia.

This mechanism aims to protect investors from high-risk assets while ensuring that only projects with strong fundamentals are recognized. Here are some of the key factors taken into consideration:

1. Market Capitalization and Global Volume

Assets with large capitalizations and high trading volumes are considered more stable and have adequate liquidity.

This is important so investors can easily transact without facing the risk of extreme price fluctuations due to a market that is too small.

2. Project Reputation and Security

This assessment includes the development team’s track record, roadmap clarity, transparency, and security case history. Projects that have experienced major incidents, such as hacks or fraud, will be assessed more strictly.

3. Community Adoption

The level of community acceptance and support is an important indicator. Projects with a broad ecosystem of users, developers, and partners are considered more sustainable because they have a real support base.

4. Technological Innovation (Layer-2, DeFi, RWA, etc.)

Projects that bring new solutions, such as Layer-2 technology for scalability, DeFi protocols for decentralized financial services, and Real-World Asset (RWA) tokenization, receive more attention.

These types of innovations demonstrate long-term potential that can drive the development of the blockchain industry as a whole.

Why Is It Important to Choose Legal Crypto?

Choosing crypto assets on the legal list is not only about compliance, but also a form of investor protection.

By complying with applicable regulations, the risk of loss due to fraud or illegal assets can be minimized. Here are some reasons:

1. Legal protection and transaction security

Assets recognized by CFX and the Financial Services Authority (OJK) have a clear legal framework. Transactions conducted on licensed platforms are guaranteed to be safer because they are supervised by regulators, minimizing the risk of market manipulation or loss of funds.

2. Significant risks when trading unregistered assets

Trading assets outside the legal list is very risky. Besides being illegal, these assets may lack liquidity, be vulnerable to rug pulls from their developers, or even be banned from trading in the future.

For investors, the simplest way to maintain security is to always transact on officially licensed exchanges.

Furthermore, it is important to regularly check the list of legal cryptos released by CFX to avoid choosing assets that turn out to be prohibited.

Investors also need to keep abreast of the latest regulatory developments, as the legal list can change with the dynamics of the crypto market.

These steps can ensure investment activities are safer, more legally valid, and remain within the regulatory framework.

Conclusion

So, that was an interesting discussion about the Complete & Official List of Legal Cryptocurrencies in Indonesia 2025, which you can read in full at the INDODAX Academy.

In conclusion, the list of legal crypto assets released by CFX serves as a primary guide for anyone looking to transact safely in Indonesia.

The presence of the latest list, which includes 1,444 assets, demonstrates that the digital asset ecosystem in Indonesia continues to grow and become increasingly diverse.

However, the growing number of assets also requires investors to be more cautious. Crypto literacy is key to avoiding the wrong asset choices, especially amidst the constant surge of new trends.

By understanding regulations, following the legal list, and strengthening your knowledge, investors can build wiser trading strategies while avoiding unnecessary risks.

In addition to broadening your investment horizons, you can also stay updated with the latest crypto news and monitor digital asset price movements directly on the INDODAX Market.

For a more personalized trading experience, explore our OTC trading service at INDODAX. Don’t forget to activate notifications to stay up-to-date with the latest information about digital assets, blockchain technology, and various other trading opportunities, only at INDODAX Academy.

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FAQ

1.Can all crypto be traded in Indonesia?
No. Only crypto assets officially listed by CFX and supervised by the Financial Services Authority (OJK) may be traded. As of April 2025, there were 1,444 assets.

2.Who determines the list of legal crypto assets in Indonesia?
Initially, the crypto list was determined by Bappebti (Commodity Futures Trading Regulatory Agency), but since 2025, authority has shifted to the OJK through CFX as a Self-Regulatory Organization (SRO).

3.What are the risks of trading crypto assets not on the legal list?
The risks are high because transactions are not legally protected. If an authorized exchange discovers an illegal asset being traded, it can be immediately removed, potentially compromising investor funds.

4.Does the list of legal crypto assets grow every year?
Yes, the list is usually updated regularly in line with global market developments. For example, there were 851 assets at the beginning of 2024, now there are 1,444 assets in 2025.

5.How can I check if crypto assets are legal on an authorized exchange?
You can do this by opening the asset list on an OJK/CFX-licensed exchange platform. All assets listed there have been confirmed as being on the latest legal list.

Author: Boy