Indonesia's Regulator Prohibits Financial Firms From Facilitating Crypto Trading – Regulation Bitcoin News

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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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Fake news. Crypto legal in my country indonesia.. my presiden support metaverse after meet CEO Facebook before metaverse launching.

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While some other countries accept bitcoin as a payment system, others completely block access to crypto currencies. It reminds me of the death agony. Cryptocurrency led by bitcoin will lead us to financial freedom. It's just that many are too blind.

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Wow…crypto must be good if they don’t want us to have it

Wow, that's sad. Institutions should have ability to invest their usdt if they want to

booo

the poor country, who care!

You can say that every country who passes such strict regulations must be in the hands of powerful organized crime organization who just love legislations like this. No competition, no taxes, no oversight, only we paying/killing/blackmailing key officials to look the other way..

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