Indonesian Regulator Publishes Updated Whitelist Of Officially Approved Crypto Assets

1. Introduction

Following the issuance in 2020 of their first ever list of crypto assets that are officially approved for trading on the local crypto-assets market ("Whitelist"),¹ the Commodity Futures Trading Supervisory Authority ("Bappebti") has now issued a much-anticipated update of the Whitelist, which expands the number of officially approved crypto assets from 229 to 383.

The revised Whitelist is incorporated in Bappebti Regulation No. 11 of 2022 on the List of Tradable Crypto Assets on the Crypto-Asset Physical Market ("Reg. 11").²

Besides updating and expanding the Whitelist, Reg. 11 also sets out rules for adding or removing crypto assets to/from the Whitelist, the listing and delisting of crypto assets by crypto asset trading platforms/exchanges, and updated comprehensive guidelines for identifying crypto assets for inclusion on the Whitelist.