Indonesia's OJK Blocks 228 Illegal Crypto Traders in Five-Month Crackdown

The Financial Services Authority (OJK) and the Anti-Illegal Financial Activities Task Force (Satgas Pasti) have blocked the business activities of 228 illegal digital financial asset traders, or crypto traders, from January to May 2026. Hudiyanto, Head of the Satgas Pasti Secretariat, stressed that crypto asset trading can only be conducted by parties that are registered and officially licensed by the OJK. “Recently, there has been a surge in unlicensed entities offering crypto asset investments through social media, chat groups, or websites without official authorisation,” he said in a written statement on Monday, 22 June 2026.

Under OJK Regulation Number 27 of 2024, all crypto trading must involve assets listed in the Crypto Asset List (DAK) established by the Crypto Exchange. However, illegal crypto activities remain widespread. Hudiyanto explained that common tactics include promising fixed returns and multiple bonuses, as well as luring investors with risk-free passive income without adequate consumer protection mechanisms.

Consequently, Satgas Pasti advises the public to follow five essential steps before investing in crypto assets. First, verify the legality of the entity offering the investment. Second, ensure the crypto asset is included in the official DAK. Third, be wary of illogical offers. Fourth, conduct thorough research and understand the risks before investing. Fifth, learn about crypto asset trading through the official guide at https://bukusakuiakd.com/.

The OJK also provides a reporting channel for various financial transaction frauds through the Indonesia Anti-Scam Centre (IASC). From 22 November 2024 to 31 May 2026, IASC received 579,459 reports from the public. In handling these reports, 998,549 accounts were reported and verified, and 515,553 accounts have been blocked.