“Regulatory Sandbox by BI has purposed on a limited trial place to test Fintech Providers’ technologies, services, products, and/or business models which related into payment system industry.” Following the integration of technological innovation with financial features, Bank Indonesia (“BI”) has stipulated the framework of regulation, supervision, and observation upon Financial Technology (“Fintech”) as regulated in […]
“Fintech Providers in Indonesia have responsibilities according to the type of business and its regulation.” Within the development of the Financial Technology (“Fintech”) industry in Indonesia, the Fintech Providers had dealt with many platform’s problems faced by the consumers. The problems can be in the platform’s technical issues, investment losses, the event of default, and […]
Indonesia’s government has finally ratified the 1961 Hague Convention Abolishing the Requirement of Legalization for Foreign Public Documents (“Apostille Convention”) through the issuance of Regulation of the President No. 2 of 2021 (“Regulation 2/2021”) that has been in force since 5 January 2021. The Regulation marked the simplifying foreign public documents named Apostille Certification. However, […]
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