A Surprising Expression From OJK Chairman Wimboh Santoso Regarding Crypto Investment: If You Lose, It's Your Own Fault!

OJK chairman Wimboh Santoso. (Photo: Doc. Antara)

JAKARTA - Chairman of the Board of Commissioners of the Financial Services Authority (OJK) Wimboh Santoso emphasized that his party prohibited the financial sector from facilitating crypto asset transactions. Wimboh said that OJK and Bank Indonesia had determined that the financial sector should not facilitate crypto transactions because there was no underlining.

"We are the financial sector, we are not allowed to facilitate crypto asset transactions. So this has been reminded, it will be your own fault to lose crypto," he said during a discussion with Solopos President Director Arief Budisusilo in a video uploaded on the Espos Indonesia YouTube channel, quoted Monday, February 14. .

In addition to crypto transactions, he said the OJK would also supervise Non-Fungible Token (NFT) transactions as well. Wimboh also responded to the thing that is currently in the public spotlight, fraudulent investment. He appealed to the public not to be easily attracted to investments that promise abnormal income.

"That's definitely a big risk. It's not normal to want to get rich quick and it's impossible. Investing there is definitely a big risk, including crypto. Don't!" he insisted.

Previously, the OJK's statement had caused controversy. The reason is, crypto itself has been designed as a commodity by the Commodity Futures Trading Regulatory Agency (CoFTRA) under the Ministry of Trade.

Not only that, CoFTRA has also officially drafted rules regarding crypto trading and traders. This means that as long as transactions are carried out by registered crypto traders and supervised by CoFTRA, crypto trading schemes are like commodities or other derivative products.