CNN Indonesia - The Financial Services Authority (OJK) will call nine companies deemed to engage in illegal investment activities offering bitcoin as its main product. The plan, the call will be made this month as well.
Director of Policy and Investigation Support of OJK Tongam Lumban Tobing said the operations of some companies have been discontinued at this time. The indication of this illegal investment is detected on the search of its own Investigative Task Force (Task Force), in which OJK is part of the task force.
"The company offers a one per cent profit per day, many people are trapped, that's the mode," he said, Friday (2/3) night.

Some of the companies in question, namely PT Bitconnect Coin Indonesia (Bitconnect) and PT Purwa Wacana Tertata / Share Profit System Coin / SPS Coin.co. The company claims not as a market place like Bitcoin Indonesia that brings sellers and buyers bitcoin, but as an institution that has the coin.
"So, people are told to buy coins for investment, the offer of a profit even up to five percent," said Tongam.
However, OJK does not have data on how many losses suffered by people affected by investment bodong due to the fictitious company. This is because the people of Indonesia are still ashamed to report to OJK if deceived investment bodong.
"They are embarrassed to report, then yes most losses are still so still do not want to report.Then, there may be pressure from the company not to report," said Tongam.
Hence, he continues to socialize to bitcoin trading communities prohibited by OJK and Bank Indonesia (BI) through financial services institutions or also serve as a means of payment.
However, Tongam asserted that OJK does not need to make OJK Rules to prohibit the trading of bitcoin because it is not considered a financial services product.