PANews, June 25, reported by Bloomberg: Indonesia’s Financial Services Authority now requires financial influencers to disclose paid promotions and to obtain licensing qualifications for the assets they recommend. It also stipulates that enterprises bear responsibility for information released by influencers in co-marketing campaigns. Crypto influencers are required to hold specific certifications. The move aims to boost financial literacy and protect consumers from misconduct. In February this year, the authority already fined an influencer IDR 5.4 billion (about $300,000) for manipulating stock prices.