Indonesia’s financial regulator “has strictly prohibited financial service institutions from using, marketing, and/or facilitating crypto asset trading.' Cryptocurrency Bitcoin
Indonesia’s Financial Services Authority has prohibited financial firms from using, marketing, and/or facilitating crypto trading. The financial regulator also cautioned the public to always beware of fraudulent Ponzi schemes under the guise of crypto.Indonesia’s Financial Services Authority , the Jakarta-based government agency which regulates the financial services sector, warned Tuesday that financial firms are not allowed to offer or facilitate sales of crypto assets.
OJK has strictly prohibited financial service institutions from using, marketing, and/or facilitating crypto asset trading. In addition, the financial regulator reminded the public to always beware of fraudulent Ponzi schemes under the guise of crypto. The OJK was further quoted as saying:The OJK explained that it does not supervise or regulate cryptocurrencies. The regulation and supervision of crypto assets in Indonesia are carried out by the Commodity Futures Trading Authority and the Ministry of Trade.
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