The Task Force for the Eradication of Illegal Financial Activities\n(Satgas PASTI) has halted the activities of YWWSDC and RTHAE after\nfinding a number of indications of violations in their offers of crypto\nasset and digital financial asset investments to the public.<\/p>\n
The two entities are known not to hold a licence from the Financial\nServices Authority (OJK) as Digital Financial Asset Traders (PAKD) and\nclaim to be companies licensed abroad as well as being in the process of\nobtaining licensing from the OJK.<\/p>\n
\u201cSatgas PASTI urges the public to be cautious of investment offers\nmade in the name of foreign companies or claiming to be in the process\nof obtaining OJK licensing,\u201d wrote Hudiyanto, Secretariat of the Task\nForce for the Eradication of Illegal Financial Activities, in a press\nrelease on Monday (31\/8).<\/p>\n
Furthermore, the public is also asked to always verify the legality\nof any party offering investments and to understand the characteristics,\nbenefits and risks of the products being offered.<\/p>\n
YWWSDC claims to be part of YWWSDC Group US Ltd, a company said to be\nlicensed in Colorado, United States.<\/p>\n
YWWSDC offers investment schemes for crypto asset trading and the\npurchase of digital financial asset tokens through the YWWSDC\nplatform.<\/p>\n
Based on the results of clarification and verification, Satgas PASTI\nfound that YWWSDC does not hold a licence from the OJK as a PAKD,\ncarries out business activities that do not match the licence issued by\nthe Ministry of Investment and Downstreaming\/Investment Coordinating\nBoard (BKPM), and the application and\/or website used is not registered\nas an Electronic System Operator (PSE) with the Ministry of\nCommunication and Digital Affairs.<\/p>\n
Satgas PASTI also found indications of changes to the link address\n(URL) using a different name but with a similar appearance, so it is\nsuspected to be connected to YWWSDC.<\/p>\n
RTHAE offers crypto asset and digital financial asset investments\nthrough the Retail Trader Hosted Automates Engine (RTHAE) platform.<\/p>\n
The offer was made, among other things, through an initial token\noffering claimed to be listed on the RTHAE exchange, with a promise that\nfunds already deposited would be returned to members if the token failed\nto list.<\/p>\n
Based on the results of clarification and verification, Satgas PASTI\nfound that RTHAE has no legal entity in Indonesia, does not hold a\nlicence from the OJK as a PAKD, carries out business activities that do\nnot match the licence issued by the Ministry of Investment and\nDownstreaming\/BKPM, and the application and\/or website used is not\nregistered as a PSE with the Ministry of Communication and Digital\nAffairs.<\/p>\n
In connection with these findings, Satgas PASTI has halted the\nactivities of YWWSDC and RTHAE and blocked access to the related\napplications and\/or links (URLs).<\/p>\n
Satgas PASTI will also coordinate with law enforcement officials for\nfurther enforcement action. Members of the public who feel they have\nsuffered losses are asked to report immediately to local law enforcement\nofficials to speed up the handling process.<\/p>\n
Satgas PASTI once again urges the public to always be wary of\ninvestment offers or financial activities that promise high and\nillogical returns, especially those made in the name of foreign\ncompanies and claiming to be in the process of obtaining OJK\nlicensing.<\/p>\n
If members of the public find indications of similar offers, illegal\ninvestment offers, or illegal online loans, they can report them through\nthe website sipasti.ojk.go.id or through OJK Contact 157, WhatsApp\n081157157157, and email konsumen@ojk.go.id.<\/p>\n
Meanwhile, members of the public who are victims of financial\ntransaction fraud can report through the Indonesia Anti-Scam Centre\n(IASC) website at iasc.ojk.go.id to support efforts to block the\nperpetrator\u2019s account quickly.<\/p>", "url": "https:\/\/jawawa.id\/newsitem\/fraudulent-crypto-investments-detected-pasti-task-force-halts-ywwsdc-and-rthae-activities-1788184220", "image": "" }, "sponsor": "Okusi Associates", "sponsor_url": "https:\/\/okusiassociates.com" }