JAKARTA -- The investment alert unit at Indonesia's Financial Services Authority, known as OJK, along with the IT ministry and local police force, has identified and blocked 297 illegal peer-to-peer lending platforms and one cryptocurrency platform. None of the blocked sites are properly registered with OJK.
Tongam Lumban Tobing, chief of the OJK's investment alert unit, said most of the illegal fintech applications that been found were from Indonesia, but the team also found several entities hosted on servers outside Indonesia.
