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Indonesia Turns the Tables on the US SEC, Releases List of Tradable Cryptos

7 mins
Updated by Michael Washburn
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In Brief

  • Indonesia's Commodity Futures Trading Supervisory Agency has revised its list of tradable cryptocurrencies, demonstrating its dynamic stance towards digital assets.
  • The updated roster of over 501 cryptos contrasts starkly with the US SEC's more conservative approach, sparking a potential new era for global crypto trade regulation.
  • This action emphasizes Indonesia's commitment to nurturing its digital economy and fostering an environment conducive to blockchain technology growth.
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In an unexpected turn, the Republic of Indonesia has taken a daring stand on crypto regulations that could significantly challenge the United States Security and Exchange Commission (SEC).

This arises from a recent unveiling of a comprehensive list of tradable cryptos by the Indonesian Commodity Futures Trading Supervisory Agency (Bappebti). It highlights a stark contrast to the US SEC’s more cautious stance.

Bringing Clarity to the Crypto Market

The newly-released list features an impressive 501 cryptocurrencies deemed tradable within Indonesia’s physical crypto market. Among them are the industry heavyweights such as Bitcoin (BTC), Ethereum (ETH), and Litecoin (LTC), along with more recent market entrants like Chainlink (LINK), Uniswap (UNI), and Solana (SOL).

The regulator’s decision, enacted on June 9, 2023, comes after an exhaustive assessment process in adherence to many domestic regulations. This includes amendments to the Commodity Futures Trading Supervisory Agency Regulation Number 11 of 2022 and government regulations for implementing commodity futures trading.

Indonesia’s forward-thinking stance contrasts the US SEC’s more cautious approach to regulating cryptocurrencies. The US body has yet to provide a comprehensive list of permissible digital assets for trade. Therefore, leaving traders and companies in a state of flux and potentially hindering the sector’s growth.

Full List of Tradable Cryptos in Indonesia

The extensive list released by Bappebti seems to be an attempt to increase transparency in the industry while meeting the growing demands of crypto traders in the country. This move could potentially be a significant win for the crypto industry worldwide. It demonstrates a mature regulatory approach that may force the hand of other nations to follow suit, including the US.

In the Bappebti document, the Indonesian regulatory agency labeled the following cryptos as tradable assets:

  1. Ethereum (ETH) 
  2. Klaytn (KLAY) 
  3. Solana (SOL) 
  4. Tezos (XTZ
  5. Iota (MIOTA) 
  6. USD Coin (USDC) 
  7. Polkadot (DOT)
  8. The Sandbox (SAND
  9. Bitcoin (BTC) 
  10. Cosmos (ATOM) 
  11. Protocol (ZRX) 
  12. Litecoin (LTC) 
  13. Cardano (ADA)
  14. Chainlink (LINK)
  15. Uniswap (UNI)
  16. Stellar (XLM)
  17. Binance USD (BUSD)
  18. Ripple (XRP)
  19. Tron (TRX)
  20. Decentraland (MANA)
  21. Enjin Coin (ENJ)
  22. UMA (UMA)
  23. Polygon (MATIC)
  24. Basic Attention Token (BAT)
  25. Ren (REN)
  26. Qtum (QTUM)
  27. Solar (SXP)
  28. TrueUSD (TUSD)
  29. Binance Coin (BNB)
  30. Theta Network (THETA)
  31. Synthetix (SNX)
  32. Compound (COMP)
  33. Cronos (CRO)
  34. VeChain (VET)
  35. Aurora (AOA)
  36. Status (SNT)
  37. Cartesi (CTSI)
  38. Dogecoin (DOGE)
  39. Maker (MKR)
  40. Tether (USDT)
  41. Storj (STORJ)
  42. Venus (XVS)
  43. Zilliqa (ZIL)
  44. OMG Network (OMG)
  45. Harmony (ONE)
  46. MultiversX (EGLD)
  47. Orbs (ORBS)
  48. iExec RLC (RLC)
  49. Algorand (ALGO)
  50. EOS (EOS)
  51. WazirX (WRX)
  52. Wrapped Bitcoin (WBTC)
  53. Electroneum (ETN)
  54. Avalanche (AVAX)
  55. PancakeSwap (CAKE)
  56. Quant (QNT)
  57. Polymath (POLY)
  58. Dai (DAI)
  59. Loopring (LRC)
  60. Ehtereum Classic (ETC)
  61. Numeraire (NMR)
  62. Bitcoin Cash (BCH)
  63. yearn.finance (YFI)
  64. Neo (NEO)
  65. Origin Protocol (OGN)
  66. Kusama (KSM)
  67. Waves (WAVES)
  68. Stella (ALPHA)
  69. Nano (XNO)
  70. Golem (GLM)
  71. Ravencoin (RVN)
  72. Fantom (FTM)
  73. Kava (KAVA)
  74. NEM (XEM)
  75. BitTorrent (BTTOLD)
  76. ICON (ICX)
  77. Serum (SRM)
  78. Pax Dollar (USDP)
  79. Kyber Network Crystal v2 (KNC)
  80. Bitcoin Diamond (BCD)
  81. Ardor (ARDR)
  82. Ontology (ONT)
  83. JUST (JST)
  84. Siacoin (SC)
  85. XDC Network (XDC)
  86. OKB (OKB)
  87. Band Protocol (BAND)
  88. PAX Gold (PAXG)
  89. Ankr (ANKR)
  90. DigiByte (DGB)
  91. Ampleforth (AMPL)
  92. Orion Protocol (ORN)
  93. Bitcoin SV (BSV)
  94. Dent (DENT)
  95. Request (REQ)
  96. LYFE (LYFE)
  97. WAX (WAXP)
  98. Lisk (LSK)
  99. StormX (STMX)
  100. Loom Network (LOOM)
  101. Metadium (META)
  102. COTI (COTI)
  103. High Performance Blockchain (HPB)
  104. Terra Classic (LUNC)
  105. BakeryToken (BAKE)
  106. PlayGame (PXG)
  107. Balancer (BAL)
  108. Powerledger (POWR)
  109. Augur (REP)
  110. DFI.Money (YFII)
  111. Coin98 (C98)
  112. UNUS SED LEO (LEO)
  113. Moonriver (MOVR)
  114. Unifi Protocol DAO (UNFI)
  115. Oasis Network (ROSE)
  116. Spell Token (SPELL)
  117. Verasity (VRA)
  118. SUN (SUN)
  119. Chia (XCH)
  120. YooShi (YOOSHI)
  121. BurgerCities (BURGER)
  122. Enzyme (MLN)
  123. Dego Finance (DEGO)
  124. MOBOX (MBOX)
  125. Kadena (KDA)
  126. OctoFi (OCTO)
  127. Arweave (AR)
  128. Bluzelle (BLZ)
  129. Ellipsis (EPX)
  130. Efinity Token (EFI)
  131. Yield Guild Games (YGG)
  132. Ooki Protocol (OOKI)
  133. Star Atlas (ATLAS)
  134. NanoByte Token (NBT)
  135. ARPA (ARPA)
  136. Wrapped NXM  (WNXM)
  137. Frax Share (FXS) 
  138. Ethereum Name Service (ENS
  139. Energi (NRG) 
  140. Hegic (HEGIC) 
  141. Merit Circle (MC) 
  142. Convex Finance (CVX
  143. Highstreet (HIGH)
  144. Bitcoin Standard Hashrate Token (BTCST) 
  145. Frontier (FRONT) 
  146. Orbit Chain (ORC) 
  147. Phala Network (PHA) 
  148. IDK (IDK)
  149. Glitch (GLCH)
  150. Selfkey (KEY)
  151. Beefy Finance (BIFI)
  152. VCGamers (VCG)
  153. TROY (TROY) 
  154. Raydium (RAY)
  155. Litentry (LIT) 
  156. Render Token (RNDR) 
  157. Keep3rV1 (KP3R) 
  158. Aurory (AURY) 
  159. Celer Network (CELR) 
  160. TrustSwap (SWAP) 
  161. NULS (NULS) 
  162. JasmyCoin (JASMY)
  163. Efforce (WOZX)
  164. Crypto Global United  (CGU) 
  165. Rook (ROOK) 
  166. Flux (FLUX) 
  167. Tranchess (CHESS)
  168. LinkEye (LET) 
  169. Chainbing (CBG) 
  170. Ethernity (ERN)
  171. ABBC Coin (ABBC)
  172. TitanSwap (TITAN) 
  173. Velo (VELO)
  174. VidyX (VIDYX) 
  175. King DAG (KDAG) 
  176. Dock (DOCK) 
  177. Livepeer (LPT)
  178. Contentos (COS) 
  179. Pando (PANDO) 
  180. Coinweb (CWEB) 
  181. Marlin (POND) 
  182. COMBO (COMBO)
  183. IQ (IQ)
  184. JOE (JOE)
  185. Kin (KIN)
  186. Gitcoin (GTC)
  187. SuperVerse (SUPER) 
  188. Splintershards Token (SPS)
  189. Santos FC Fan Token (SANTOS) 
  190. Radicle (RAD) 
  191. Automata Network (ATA)
  192. Saffron.Finance (SFI) 
  193. Bread (BRD) 
  194. BinaryX (BNX) 
  195. Alpine F1 Team Fan Token (ALPINE) 
  196. Travala.com (AVA) 
  197. Ergo (ERG) 
  198. Spartan Protocol (SPARTA) 
  199. PowerPool (CVP) 
  200. League of Kingdoms Arena (LOKA) 
  201. Dusk Network (DUSK)
  202. AIOZ Network (AIOZ) 
  203. Mines of Dalarnia (DAR) 
  204. Degree Crypto Token (DCT) 
  205. Carry (CRE) 
  206. Gas (GAS) 
  207. Alitas (ALT) 
  208. DEAPcoin (DEP) 
  209. BTRIPS (BTR) 
  210. Attila (ATT) 
  211. Kunci Coin (KUNCI)
  212. SHILL Token (SHILL) 
  213. Tokenplace (TOK) 
  214. Yieldly Token (YLDY) 
  215. DGPayment (DGP) 
  216. Acala Token (ACA) 
  217. SuperRare (RARE) 
  218. CLV (CLV) 
  219. Play It Forward DAO (PIF) 
  220. Stratis (STRAX) 
  221. Bitcoin Gold (BTG)
  222. Aergo (AERGO) 
  223. GXChain (GXC)
  224. Pundi X (PUNDIX)
  225. Syscoin (SYS)
  226. Rupiah Token (IDRT) 
  227. Aelf (ELF) 
  228. BORA (BORA) 
  229. Waltonchain (WTC) 
  230. STASIS EURO (EURS) 
  231. Decred (DCR) 
  232. MediBloc (MED) 
  233. Ark (ARK) 
  234. Hive (HIVE) 
  235. Metal DAO (MTL) 
  236. PIVX (PIVX) 
  237. Steem (STEEM)
  238. BitShares (BTS) 
  239. Gemini Dollar (GUSD) 
  240. Wing Finance (WING) 
  241. Nexus (NXS)
  242. STP (STPT) 
  243. Nxt (NXT) 
  244. v.systems (VSYS) 
  245. Firo (FIRO) 
  246. VIDY (VIDY) 
  247. DATA (DTA) 
  248. Einsteinium (EMC2) 
  249. Groestlcoin (GRS) 
  250. Navcoin (NAV) 
  251. district0x (DNT) 
  252. LBRY Credits (LBC)
  253. Aragon (ANT) 
  254. Bytom (BTM) 
  255. NKN (NKN) 
  256. DAD (DAD) 
  257. GoChain (GO) 
  258. Ambire AdEx (ADX) 
  259. Hashgard (GARD)
  260. Function X (FX) 
  261. PumaPay (PMA) 
  262. Tokenomy (TEN) 
  263. AidCoin (AID) 
  264. Vertcoin (VTC) 
  265. Civic (CVC) 
  266. Hifi Finance (HIFI) 
  267. BTU Protocol (BTU) 
  268. Cosmo Coin (COSM) 
  269. Hedera (HBAR) 
  270. Wanchain (WAN) 
  271. Toko Token (TKO) 
  272. DIA (DIA) 
  273. NEAR Protocol (NEAR) 
  274. Holo (HOT) 
  275. VeThor Token (VTHO) 
  276. Gala (GALA) 
  277. THORChain (RUNE) 
  278. SushiSwap (SUSHI
  279. Utrust (UTK) 
  280. Internet Computer (ICP)
  281. Chiliz (CHZ
  282. Chromia (CHR) 
  283. MyNeighbourAlice (ALICE
  284. Theta Fuel (TFUEL)
  285. Polkastarter (POLS
  286. Helium (HNT) 
  287. Stacks (STX) 
  288. Fetch.ai (FET) 
  289. Alchemix (ALCX) 
  290. Aave (AAVE) 
  291. dYdX (DYDX) 
  292. Reef (REEF) 
  293. TomoChain (TOMO)
  294. Axie Infinity (AXS
  295. Bancor (BNT) 
  296. Audius (AUDIO) 
  297. Ocean Protocol (OCEAN) 
  298. Illuvium (ILV
  299. Celsius (CEL) 
  300. Conflux (CFX)
  301. ForTube (FOR)
  302. Keep Network (KEEP) 
  303. Dvision Network (DVI)
  304. Telcoin (TEL) 
  305. Injective (INJ) 
  306. Alpaca Finance (ALPACA) 
  307. Biconomy (BICO) 
  308. Pintu Token (PTU) 
  309. Curve DAO Token (CRV
  310. Aavegotchi (GHST) 
  311. TerraClassicUSD (USTC) 
  312. Trust Wallet Token (TWT) 
  313. 1inch Network (1INCH) 
  314. eCash (XEC) 
  315. SKALE (SKL) 
  316. IOST (IOST) 
  317. Mina (MINA) 
  318. Shentu (CTK) 
  319. Badger DAO (Badger) 
  320. ThunderCore (TT) 
  321. Anyswap (ANY) 
  322. WOO Network (WOO) 
  323. The Graph (GRT) 
  324. Filecoin (FIL
  325. IoTex (IOTX) 
  326. Mdex (MDX)
  327. Nexo (NEXO)
  328. Shiba Inu (SHIB)
  329. Alchemy Pay (ACH)
  330. Vulcan Forged PYR (PYR)
  331. Reserve Rights (RSR) 
  332. Prom (PROM) 
  333. Ariva (ARV)
  334. TrueFi (TRU)
  335. Celo (CELO) 
  336. WInkLInk (WIN)
  337. Perpetual Protocol (PERP) 
  338. API3 (API3) 
  339. Cindrum (CIND) 
  340. Apecoin (APE
  341. Voxies (VOXEL) 
  342. BIDR (BIDR) 
  343. Dao Maker (DAO) 
  344. Astar (ASTR) 
  345. renBTC (RENBTC) 
  346. Amp (AMP) 
  347. KOK (KOK) 
  348. Achain (ACT) 
  349. Linear Finance (LINA) 
  350. Harvest Finance (FARM) 
  351. Smooth Love Potion (SLP) 
  352. Orchid (OXT) 
  353. KardiaChain (KAI) 
  354. Revain (REV) 
  355. HedgeTrade (HEDG) 
  356. BarnBridge (BOND) 
  357. Anchor Protocol (ANC
  358. Mirror Protocol (MIR
  359. XSGD (XSGD) 
  360. Nervos Network (CKB) 
  361. Virtua (TVK) 
  362. SafePal (SFP) 
  363. Ana Coin (ANA) 
  364. Flow (FLOW) 
  365. Alien Worlds (TLM)
  366. Immutable (IMX
  367. PlayDapp (PLA) 
  368. DODO (DODO) 
  369. Biswap (BSW) 
  370. IDEX (IDEX) 
  371. Auto (AUTO) 
  372. DeXe (DEXE) 
  373. Nusa (NUSA) 
  374. STEPN (GMT
  375. Secret (SCRT) 
  376. Measurable Data Token (MDT) 
  377. Nexo (NEXO)
  378. Lido DAO (LDO)
  379. KuCoin Token (KCS) 
  380. LTO Network (LTO) 
  381. MANTRA (OM) 
  382. Huobi Token (HT) 
  383. MovieBloc (MBL)
  384. Tellor (TRB) 
  385. Mask Network (MASK) 
  386. Observer (OBSR) 
  387. Optimism (OP) 
  388. Moonbeam (GLMR) 
  389. MARBLEX (MBX) 
  390. LooksRare (LOOKS) 
  391. VITE (VITE) 
  392. Osmosis (OSMO) 
  393. Galxe (GAL) 
  394. Aptos (APT
  395. Everscale (EVER) 
  396. Ontology Gas (ONG)
  397. Gnosis (GNO) 
  398. Metacraft (MCT) 
  399. BitTorrent (BTT)
  400. Manchester City Fan Token (CITY) 
  401. Streamr (DATA) 
  402. S.S. Lazio Fan Token (LAZIO) 
  403. Kava Lend (HARD) 
  404. LeverFi (LEVER) 
  405. Ignis (IGNIS) 
  406. EthereumPoW (ETHW) 
  407. PERL.eco (PERL) 
  408. PlatON (LAT) 
  409. T-mac DAO (TMG) 
  410. ONBUFF (ONIT) 
  411. Terra (LUNA
  412. GMX (GMX) 
  413. Hiblocks (HIBS) 
  414. PLC Ultima (PLCU) 
  415. Krypton DAO (KRD) 
  416. FC Barcelona Fan Token (BAR) 
  417. Stargate Finance (STG) 
  418. Multichain (MULTI)
  419. Bonfida (FIDA) 
  420. Cream Finance (CREAM) 
  421. Adappter Token (ADP) 
  422. Threshold (T) 
  423. IRISnet (IRIS) 
  424. Beta Finance (BETA) 
  425. dForce (DF) 
  426. ETHUP (ETHUP) 
  427. Flamingo (FLM) 
  428. Komodo (KMD) 
  429. pNetwork (PNT) 
  430. Bounce Token (AUCTION) 
  431. Bella Protocol (BEL) 
  432. FIO Protocol (FIO) 
  433. QuickSwap (QUICK) 
  434. FC Porto Fan Token (PORTO) 
  435. Defigram (DFG) 
  436. ConstitutionDAO (PEOPLE) 
  437. Mithril (MITH) 
  438. WEMIX (WEMIX) 
  439. UniLend (UFT) 
  440. BENQI (QI) 
  441. AC Milan Fan Token (ACM) 
  442. TokenClub (TCT) 
  443. ETHDOWN (ETHDOWN) 
  444. Cortex (CTXC) 
  445. BNBDOWN (BNBDOWN) 
  446. Paris Saint-Germain Fan Token (PSG) 
  447. Volt Inu V2 (VOLT)
  448. Akropolis (AKRO)
  449. Atletico De Madrid Fan Token (ATM) 
  450. OG Fan Token (OG) 
  451. Abyss (ABYSS) 
  452. ADAUP (ADAUP) 
  453. MATICBULL2021 (MATICBULL2021) 
  454. VIDT DAO (VIDT) 
  455. BNBUP (BNBUP)
  456. XRPUP (XRPUP)
  457. SOLVE (SOLVE) 
  458. MATICBEAR (MATICBEAR) 
  459. New BitShares (NBS) 
  460. Adventure Gold (AGLD) 
  461. DOTUP (DOTUP) 
  462. DOTDOWN (DOTDOWN) 
  463. RSK Infrastructure Framework (RIF)
  464. Tribe (TRIBE) 
  465. Aion (AION) 
  466. BTCUP (BTCUP)
  467. StaFi (FIS) 
  468. Voyager Token (VGX) 
  469. Kommunitas (KOM) 
  470. Vexanium (VEX) 
  471. Honest (HNST) 
  472. Duckie Land (MMETA) 
  473. SANGKARA MISA (MISA) 
  474. Hara Token (HART) 
  475. Mira (MIRA) 
  476. GICTrade (GICT) 
  477. Tokoin (TOKO) 
  478. ASIX+ (ASIX+ 
  479. AK12  (AK12) 
  480. Shanum (SHAN)
  481. Arbitrum (ARB) 
  482. Rocket Pool (RPL) 
  483. Sui (SUI) 
  484. SingularityNET (AGIX) 
  485. Hashflow (HFT) 
  486. Flare (FLR) 
  487. SPACE ID (ID) 
  488. Blur (BLUR) 
  489. Liquity (LQTY) 
  490. Bitgert (BRISE) 
  491. ID Digital Rupiah (IDDR)
  492. Open Campus (EDU) 
  493. FLOKI (FLOKI) 
  494. NEOPIN (NPT) 
  495. Pepe (PEPE) 
  496. Creo Engine (CREO) 
  497. Mashida (MSHD)
  498. NEFTiPEDIA (NFT)
  499. Kuy Token (KUY) 
  500. DOOiT (DOO)
  501. TWelve Zodiac (TWELVE)

Now It’s Time for the United States

Indonesia’s move to release a full list of tradable cryptos is an indirect challenge to the US SEC. It pressures the agency to provide more clarity in its policies regarding crypto assets. The Indonesian authorities’ bold stance indicates that while regulatory oversight is necessary, it does not have to stifle innovation or limit the growth of the crypto sector.

By placing public protection at the forefront and adapting to meet the needs of the crypto market, Indonesia’s regulator is making a statement about its commitment to creating a supportive environment for crypto trading.

Tradable Cryptos: Regulation Worldwide
Crypto Regulation Worldwide. Source: Statista

Undoubtedly, cryptos have become a critical part of the global financial landscape. Bappebti’s extensive list of tradable cryptos signals a step forward for market participants seeking legal certainty in trading such assets.

However, the question remains about how the SEC will respond to Indonesia’s move. Will it drive them to provide greater clarity and legal security for traders and firms within the US, or will they continue to take their more tentative approach? This is something the crypto industry will be watching closely.

Trusted

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and ConditionsPrivacy Policy, and Disclaimers have been updated.

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Bary Rahma
Bary Rahma is a senior journalist at BeInCrypto, where she covers a broad spectrum of topics including crypto exchange-traded funds (ETFs), artificial intelligence (AI), tokenization of real-world assets (RWA), and the altcoin market. Prior to this, she was a content writer for Binance, producing in-depth research reports on cryptocurrency trends, market analysis, decentralized finance (DeFi), digital asset regulations, blockchain, initial coin offerings (ICOs), and tokenomics. Bary also...
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