Lucky Best Coin Is Difficult To Be Closed, OJK: Civil Servants Getting Involved

Illustration. (Photo: Doc. Antara)

JAKARTA - The Financial Services Authority (OJK) urges the public to be careful in investing. Especially for crypto money which is currently on the rise in the country.

This is because not all crypto money companies are registered with the Commodity Futures Trading Supervisory Agency (Bappepti). One of them is the Lucky Best Coin (LBC) from PT Digital Global Gemilang.

The head of the OJK Investment Alert Task Force, Tongam L. Tobing, said that the community is currently being stalked by the perpetrators to take advantage of the public's ignorance of this virtual asset.

In fact, civil servants (PNS) also play a role in this illegal investment. Because of that, said Tongam, the OJK investment alert task force (SWI) had difficulties in being able to close the company's operations.

"So we have stopped this activity. We have had a meeting with the board but many local government people are suspected of playing here. Because of that, we are having trouble," he said in a virtual discussion, Saturday, May 8.

According to Tongam, they were lulled by the lure of high returns from crypto investments, in this case, Lucky Best Coin (LBC). Because LBC provides a return of 300 percent per year or 25 percent per month.

Furthermore, Tongam admitted that it was not easy to stop this crypto-money scam investment activity. In fact, his party has received several rejections from users, namely people who invest in crypto money.

"This is bubbling, we will stop it now. But there are many who oppose the task force, the task force is considered to be preventing them from getting money, well this is spreading losses, so we stop it," he explained.

Tongam said that crypto money is not a product of the financial services sector. He said, in OJK Regulation Number 18 of 2016 concerning the application of risk management for commercial banks, banks must apply risk management to every product and business activity of the bank. Meanwhile, virtual currency actually has a very high speculation element.

Moreover, said Tongam, crypto money needs to be a concern because of what it is because there is no regulator to supervise it.

"The OJK stance strictly prohibits financial services from using and marketing products that do not have the legality of permission from the relevant authorities, including, in this case, products in the form of cryptocurrency," he said.