Indonesia has just cracked down on crypto influencers.
Indonesia’s financial regulator has issued regulations requiring crypto and finance influencers to disclose paid promotions and obtain certification to recommend assets. The framework, POJK No. 6/2026, takes effect today and gives regulators the authority to block or suspend accounts that do not comply.
Specifically for crypto, promotions can now only be carried out through channels operated by licensed providers, and influencers who promote crypto need competency certification. The companies that employ them remain responsible, facing fines of up to 15 billion Indonesian rupiah, or about $835,000, for content posted by their influencers.
This follows a series of crypto and finance influencer scandals in Indonesia, including billions of rupiah in fines due to a pump-and-dump scheme in February, as well as influencers sentenced to prison for trade fraud that harmed large numbers of retail investors. Existing agreements have been given six months to be finalized.
Cited from:
https://x.com/BSCNews/status/2069818583220191356?s=20
Indonesia’s financial regulator has issued regulations requiring crypto and finance influencers to disclose paid promotions and obtain certification to recommend assets. The framework, POJK No. 6/2026, takes effect today and gives regulators the authority to block or suspend accounts that do not comply.
Specifically for crypto, promotions can now only be carried out through channels operated by licensed providers, and influencers who promote crypto need competency certification. The companies that employ them remain responsible, facing fines of up to 15 billion Indonesian rupiah, or about $835,000, for content posted by their influencers.
This follows a series of crypto and finance influencer scandals in Indonesia, including billions of rupiah in fines due to a pump-and-dump scheme in February, as well as influencers sentenced to prison for trade fraud that harmed large numbers of retail investors. Existing agreements have been given six months to be finalized.
Cited from:
https://x.com/BSCNews/status/2069818583220191356?s=20