In general, all parties that conduct business activities in Indonesia are subject to licensing and registration requirements under the authority of the Ministry of Investment / Indonesian Investment Coordinating Board. For businesses in the financial sector, there are additional specific licensing requirements under the authority of Indonesia’s central bank, Bank Indonesia (BI), and the Financial … Fintech Licensing Requirements in Indonesia
SSEK Law Firm is a finalist for six individual and firm awards at the 2024 Asian Legal Business (ALB) Indonesia Law Awards. SSEK is a finalist for: Woman Lawyer of the Year (Law Firm) – Winnie Yamashita Rolindrawan Young Lawyer of the Year (Law Firm) – Aldilla Stephanie Suwana Fintech Law Firm of the … SSEK a Finalist for 6 Awards at ALB Indonesia Law Awards
The crypto industry in Indonesia falls under the auspices of the Commodity Futures Trading Regulatory Agency (Bappebti), under the Ministry of Trade (MOT) and in coordination with other institutions such as the Financial Services Authority (OJK), Bank Indonesia (BI) and the Ministry of Communication and Informatics (MOCI). The MOT has acknowledged cryptoassets, including but not … Regulating the Promotion or Use of Cryptoassets in Indonesia
On July 9, 2024, Indonesia’s central bank, Bank Indonesia (“BI”), issued a regulation setting out a framework to harmonize the development and implementation of competency standards in the field of payment systems. BI Regulation No. 5 of 2024 regarding the Standardization of Competencies in the Payment Systems Field (Standardisasi Kompetensi di Bidang Sistem Pembayaran or … Deadline Looming as New BI Regulation Requires Payment System Providers in Indonesia to Allocate Human Resources Development Funds
SSEK Law Firm partner Winnie Yamashita Rolindrawan and associate Pasha Umar Hubeis have contributed the Indonesia chapter to the Lexology Panoramic: Fintech 2025 practice guide. Fintech – Indonesia provides local insight into fintech innovation and government/regulatory support; regulatory bodies and regulated activities; cross-border regulation; regulation of sales and marketing and of changes of control; financial … Fintech – Indonesia
Led by founding partner Ira A. Eddymurthy, four SSEK lawyers have been recognized across seven practice areas in Who’s Who Legal: Southeast Asia 2024. WWL: Southeast Asia is a comprehensive guide to the region’s legal market, highlighting the most highly regarded lawyers and experts across the region. SSEK’s recognized lawyers are: Ira A. Eddymurthy, founding … 4 Lawyers, 7 Practice Areas – SSEK Recognized in WWL: Southeast Asia 2024
SSEK Law Firm partner Winnie Yamashita Rolindrawan is quoted in a DealStreetAsia article on crypto assets in Indonesia. In the article, “As new regulations take shape, will Indonesian investors’ interest in crypto hold?,” Winnie talks about the regulation of crypto assets, including the regulatory sandbox, and the challenges and opportunities for crypto players. Winnie’s practice focuses … SSEK Partner Quoted in Article on Crypto Assets in Indonesia
To help regulate Technological Innovations in the Financial Sector (Inovasi Teknologi Sektor Keuangan or “ITSK”), Indonesia’s Financial Services Authority (Otoritas Jasa Keuangan or “OJK”) recently issued OJK Regulation No. 3 of 2024 dated February 16, 2024, regarding the Implementation of ITSK (“OJK Reg. 3/2024”). This is an implementing regulation for Law No. 4 of 2023 … New OJK Regulation on Technological Innovation in Indonesia’s Financial Sector
The introduction and rise of artificial intelligence (“AI”) in different industries and sectors, including the financial services sector and the telecommunications industry, is affecting almost every aspect of how those industries and sectors operate. Despite the many advantages of AI, the transition to its increased carries potential risks if not accompanied by appropriate laws and … Regulation of Artificial Intelligence in Indonesia
SSEK Law Firm’s lawyers were highly ranked for Indonesia in The Legal 500 Asia Pacific 2024 directory of outstanding lawyers and law firms in the region. SSEK’s recognized lawyers are: Leading Individuals Ira A. Eddymurthy – Corporate and M&A Denny Rahmansyah – Real Estate Michael S. Carl – Corporate and M&A; Restructuring and Insolvency … SSEK Lawyers Highly Ranked for Indonesia in 2024 Legal 500 Guide
