TechFlow News, June 25: According to a Cointelegraph report, Indonesia’s Financial Services Authority (OJK) issued Regulation No. 6, requiring individuals who recommend cryptocurrencies and other digital financial assets on social media platforms to obtain relevant competency certification—except for those already subject to other licensing requirements. The new regulation also stipulates that recommended digital assets must be listed exclusively on authorized exchanges, and all involved service providers must hold valid licenses.
Furthermore, related marketing activities must be conducted through regulated financial services institutions, which are responsible for the promotional content and must disseminate it uniformly via official channels. This move signals Indonesia’s intensified regulatory oversight of online financial promotions, aligning with recent trends in the United Kingdom, Australia, and the Philippines to tighten supervision of financial influencers.
