OJK Task Force Shuts Down 27 Illegal Pawnshops and 228 Unlicensed Crypto Traders

The Illegal Financial Activities Eradication Task Force (Satgas Pasti) has suspended the business activities of 27 illegal private pawnshop entities between April and May 2026.

Hudiyanto, from the Secretariat of the Illegal Financial Activities Eradication Task Force, stated that the closure and suspension of these illegal private pawnshops were carried out based on Law Number 4 of 2023 concerning the Development and Strengthening of the Financial Sector (UU P2SK). In accordance with Article 3imit 319 of the UU P2SK, all pawnshop business actors are required to meet licensing requirements no later than 12 January 2026.

Illegal private pawnbroking activities pose a potential risk of loss to the public due to high interest rates, unclear agreements, and weak protection for collateral and consumers.

Furthermore, Satgas Pasti also halted 228 illegal digital financial asset traders throughout 2026 up to May.

Hudiyanto explained that there has been an increasing prevalence of unauthorised entities offering crypto asset investments through social media, chat groups, or websites without official authorisation.

The common modus operandi involves promising fixed returns, multiplied bonuses, and the lure of