Indonesia Tightens Oversight of Financial Influencers

Indonesia Tightens Oversight of Financial Influencers Indonesia is requiring financial influencers to disclose paid promotions and obtain licenses to recommend assets as Southeast Asia’s largest economy joins a global movement to tighten oversight of the social media personalities. The Financial Services Authority also issued guidelines that hold companies responsible for information shared by financial influencers as part of marketing deals, according to a statement on Wednesday. The authority will require crypto influencers to have an unspecified certification, it said.