Expertise: Fintech

Regulating the Promotion or Use of Cryptoassets in Indonesia

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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

Deadline Looming as New BI Regulation Requires Payment System Providers in Indonesia to Allocate Human Resources Development Funds

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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

Fintech – Indonesia

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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

4 Lawyers, 7 Practice Areas – SSEK Recognized in WWL: Southeast Asia 2024

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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 Partner Quoted in Article on Crypto Assets in Indonesia

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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

New OJK Regulation on Technological Innovation in Indonesia’s Financial Sector

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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

Regulation of Artificial Intelligence in Indonesia

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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 Lawyers Highly Ranked for Indonesia in 2024 Legal 500 Guide

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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

Cryptoassets and Blockchain – Indonesia

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SSEK Law Firm partners Syahdan Z. Aziz and Winnie Yamashita Rolindrawan have contributed the Indonesia chapter to Lexology Getting the Deal Through Cryptoassets & Blockchain 2024. Cryptoassets & Blockchain 2024 provides local insights into the legal and regulatory framework; the use of cryptoassets for investment, financing, trading and payments; cryptocurrency mining; blockchain and other distributed … Cryptoassets and Blockchain – Indonesia

SSEK a Top-Tier Firm in New Chambers Rankings for Indonesia

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SSEK Law Firm earned eight firm rankings in the 2024 Chambers Asia-Pacific directory of the leading law firms and lawyers in Indonesia, underling its standing as one of the elite corporate law firms in the country. SSEK was recognized as a leading firm in Indonesia for:   Banking & Finance Competition/Antitrust Corporate/M&A Employment Projects & … SSEK a Top-Tier Firm in New Chambers Rankings for Indonesia