Crypto Industry Continues to Grow, Will Company Minimum Capital Increase?

Previously, the Financial Services Authority (OJK) allowed influencers to promote crypto assets. OJK emphasized that there are no restrictions or prohibitions on this, although there are conditions that must be met.

Chief Executive of the Financial Sector Technology Innovation Supervisory Agency, Digital Financial Assets and Crypto Assets OJK, Hasan Fawzi explained that his party allows influencers to educate their followers on social media. As long as the goal is to provide additional understanding.

Actually, it’s not limiting without space, please, if it’s for education to build awareness, literacy is necessary. Then if you want to work together, work together with crypto organizers who are already licensed,” said Hasan, met at the Pullman Hotel, Jakarta, Friday (9/8/2024). According to him, to promote crypto assets, it can be done by collaborating with service providers. Promotions can also be done if they are in official media related to the crypto organizer.

“So it’s not that it’s not allowed, but for example, if the influencer wants to be utilized, then it is done of course with, let’s say, a binding and cooperation with the organizer of the activity in the crypto asset itself. That is for marketing, for let’s say recommendations and so on,” he explained.

“For example, on the organizer’s website or if they block certain places for the organizer’s advertisements, well that’s not a problem. It’s allowed as long as it’s on the organizer’s official channels,” he added.