Indonesia Cracks Down on Unregulated Crypto Influencers
Indonesia has introduced new rules for crypto influencers, requiring them to get certified before promoting digital assets. According to Financial Services Authority Regulation No. 6 of 2026, anyone who recommends digital assets must hold a competency certification unless they already fall under a separate licensing requirement.
The regulation also limits what influencers can promote, restricting them to recommending only digital assets listed on authorized exchanges and services provided by licensed companies.
Indonesia is the latest country to act against unregulated financial influencers, following in the footsteps of Australia and the UK. The Australian Securities and Investments Commission said influencers may need a financial services license if their content amounts to financial advice or helps arrange transactions.
The regulation aims to prevent misconduct by finfluencers and protect consumers from unscrupulous investment recommendations. This move is part of a global trend, with regulators cracking down on unlicensed financial promoters.