TikTok Cash Registered with OJK? This is the explanation
Many ask whether TikTok Cash is Registered with OJK or not? Of course, this one money-making apk is being widely discussed considering the name TikTok, so which one is right?
The rise of instant money-making applications on Android in the form of apk and websites is currently busy. Many applications promise practical money by just working like videos, comments, watching videos and the like and then getting money.
This kind of application is currently being used by the people of Indonesia. Worse yet, the application asks users for money with the lure of VIP upgrades to get more tasks every day.
Because the free plan is usually given a limited task. By upgrading to VIP there will be more tasks, logically the more tasks the more money you can collect.
What is TikTok Cash?
Actually, TikTok e Cash has appeared on the Internet for a long time, to be precise, around the 12th month of 2022, the new tiktokecash.com domain was created with the domain registrar at Godaddy. At that time, the home page of the domain was still written in Chinese.
After a while, many Youtubers reviewed the application, starting from how to register and to withdraw money in it. That’s why many are interested because they think it is part of TikTok because it has the same name.
TikTok Is Not Associated With TikTok Cash
TikTok itself has officially stated on their official social media account that it is not at all related to a similar site, namely tiktokecahs.com. They also claimed not to ask customers for money.
They announced this directly through the official tiktokofficialindonesia IG account. If you want to see it clearly, please see the original post via the link we have provided below.
TikTok has also said that they will never ask for money from users, they also said that users should be careful with the site.
Is TikTok Cash Registered with OJK?
If the official website has stated this, do you still question the legality of TikTok e Cash? From this statement, of course, we both can conclude that the application only uses the name and popularity of TikTok to attract the attention of many people.
Indeed, until now the site can still be accessed and there are still many who get money from there. However, we don’t know how long they will operate, especially since the application is not official and not registered with the OJK.
TikTok e Cash Using Ponzi System
Many ask if TikTok Cash is a scam? While not yet, but it will definitely be a scam. Considering the system they use is Ponzi, in the beginning, this application continued to pay.
But what they pay is money from new members who join. Money games like this have also been done frequently and are rife, such as the Alimama case, JD Union and recently the Compass Apk.
And it’s true that many have made money, but yes it is money from new members. So a system like this is only beneficial for those who join first, those who join later or last will only get bitter.
Well, hopefully this information about whether tiktok cash is registered on ojk can be useful for all of us. I hope you guys can be wiser in investing your money well and don’t choose the wrong application.
