Indonesia's Financial Services Authority (OJK) held a Digital Financial Literacy event at Universitas Muhammadiyah Sumatera Utara (UMSU) to raise students’ understanding of digital financial services, including digital financial assets and crypto-assets, and the associated benefits and risks. The programme highlighted that technology-enabled finance can broaden access and drive innovation, but can also involve risks such as highly volatile prices and potential misuse for criminal activity. OJK officials urged students to understand the characteristics, benefits and risks of products before using digital financial services, to apply the “Legal and Logical (2L)” principle when investing, and to remain alert to financial crimes such as fraudulent investments and illegal online lending, as well as to avoid online gambling. The hybrid event involved more than 600 participants, including online representatives from financial access acceleration teams (TPAKD) across 33 districts and cities in North Sumatra, and included a talkshow on crypto-assets and digital finance innovation trends and OJK’s policy direction for strengthening the digital finance innovation ecosystem in Indonesia.
OJK 2025-11-29
Indonesia's Financial Services Authority runs digital financial literacy programme for students at University of Muhammadiyah North Sumatra
Indonesia's Financial Services Authority (OJK) held a Digital Financial Literacy event at Universitas Muhammadiyah Sumatera Utara to educate students on digital financial services, including digital financial assets and crypto-assets. The event highlighted the benefits and risks of technology-enabled finance, urging students to apply the "Legal and Logical (2L)" principle and stay vigilant against financial crimes. Over 600 participants attended, including representatives from financial access acceleration teams across North Sumatra.