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Bangkok Post
Bangkok Post
Business

Indonesia regulator says financial firms banned from facilitating crypto sales

A representation of cryptocurrencies in this illustration taken on Jan 24, 2022. (Reuters photo)

JAKARTA: Indonesia's Financial Services Authority (OJK) on Tuesday warned that financial firms are not allowed to offer and facilitate sales of crypto assets amid a boom in crypto trading in Southeast Asia's largest economy.

"OJK has strictly prohibited financial service institutions from using, marketing, and/or facilitating crypto asset trading," the regulator said in a statement posted on Instagram.

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