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List of the Agreement that Fintech Company Must Have

“OJK requires Fintech Company must have a certain kind of Agreement to support its types of business. Not only about the kind of Agreement related to the business, but OJK also regulates compulsory clause to be included in the Agreement.” Nowadays, the number of the financial technology company, or also commonly known as Fintech Company, is undoubtedly high. There are lots of Fintech Companies offering various types of financial technology

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The Procedure of Equity Crowdfunding without Initial Public Offering

“Financial Services Authority (OJK) has officially regulated Equity Crowdfunding services by issuing OJK Regulation No. 37/POJK.04/2018. A company can legally increase its capital by issuing its shares to the public without actually being a public company.” One of the types of financial technology that has been making its territory is Equity Crowdfunding. The main distinction of an Equity Crowdfunding is that unlike in Initial Public Offering, the company issuing its

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An Update of Regulations on Foreign Construction Services Enterprises (BUJKA)

“The Ministry of Public Works and Public Housing has finally addressed the concerns of BUJKA Enterprises in Indonesia by revoking Regulation No. 09/PRT/M/2019 and issuing Circular Letter No. 22/SE/M/2019. As of November 2019, the provisions on BUJKA has been restored to its previous state which is acceptable to all parties.” In June 2019, Ministry of Public Works and Public Housing (Menteri Pekerjaan Umum dan Perumahan Rakyat or “Menpupera”) promulgated Menpupera

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New Regulation on Cryptocurrency Business in Indonesia

“Indonesian Commodity Futures Trading Regulatory Agency (Bappebti) issued Bappebti Regulation No. 9 of 2019 (“PerBappebti 9/2019”) in July 2019 to amend Bappebti Regulation No. 5 of 2019 (“PerBappebti 5/2019. The regulation changed most of the capital requirement, the requirement, controlling party, and the possibility of becoming a crypto asset physical trader applicant instead of directly becoming a licensed crypto-asset physical trader.” Back in February 2019, Indonesian Commodity Futures Trading Regulatory

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Financing Company in Indonesia

“Financing company can be owned up to 85% by Foreigner. It offers a wide option of financing schemes, including but not limited to investment financing, working capital, multipurpose, and others scheme based on approval from OJK. Sharia financing scheme also accommodated by having a Sharia Business Unit (Unit Usaha Syariah / UUS) for conventional financing company or establish sharia financing company from its beginning.” Traditionally, people would seek a loan

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