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🇮🇩Indonesia Tightens Control Over Crypto Bloggers
Now local influencers must obtain special certification before giving advice or recommending crypto assets to their audience.
Violations may result in fines of up to $835,000 for any crypto posts.
The regulator explains the new measures as a fight against fraud.
Currently, there are over 21 million crypto investors in Indonesia, which is more than the number of participants in the country's stock market. About 80% of them are under 34 years old and actively receive investment advice through social media.
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