Indonesia Joins Global Crackdown on Financial Influencers

Indonesia Joins Global Crackdown on Financial Influencers

Indonesia’s financial regulator will require influencers recommending crypto and other digital assets to hold relevant certifications as regulators worldwide tighten oversight of finfluencers.

Indonesia tightens oversight of financial influencers

JAKARTA: Indonesia is requiring financial influencers to disclose paid promotions and obtain licences to recommend assets as South-East Asia's largest economy joins a global movement to tighten oversight of the social media personalities.

Indonesia Imposes Strict Rules on Crypto Influencer Posts

Summary: Indonesia now requires crypto influencers to obtain competency certifications. Financial firms face fines of up to 15 billion rupiah […] The post Indonesia Imposes Strict Rules on Crypto Influencer Posts appeared first on CoinsPress.

Indonesia Tightens the Screws on Finfluencers, as Global Crackdown Intensifies

Indonesia is the latest to take a tougher stance on finfluencers. The Financial Services Authority (OKJ) of Southeast Asia’s largest economy is requiring them to disclose paid promotions and obtain investment advisory licenses to recommend capital market products. More importantly, the regulator has shifted its focus from individual accountability to corporate liability by issuing guidelines that will hold companies responsible for information s…