“The development of information technology has greatly impacted the financial services industry, leading to the emergence of securities crowdfunding as an alternative funding source for SMEs and start-ups. In Indonesia, these activities are regulated by the Financial Services Authority (OJK) under Regulation No. 57/POJK.04/2020, amended by No. 16/POJK.04/2021. The regulations mandate business licenses, minimum capital […]
“The Financial Services Authority (“OJK”) organizes the regulatory sandbox mechanism to ensure the business model includes its legal compliances and financial aspects meet the Digital Finance Innovation criteria as stipulated in the Financial Services Authority Regulation No. 13/POJK.02/2018 concerning Digital Finance Innovation. ” The development of Information and Technology has had a significant impact, especially […]
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