Expertise: Technology, Media, & Telecommunication

Indonesia Issues Regulation Clearing Way for Trading of 229 Cryptoassets

Indonesia’s Commodity Futures Trading Supervisory Body (Badan Pengawas Perdagangan Berjangka Komoditi or “Bappebti”) has issued the long-awaited list of cryptoassets that can be traded in Indonesia. This list of approved cryptoassets is contained in Bappebti Regulation No. 7 of 2020 regarding the Stipulation of the List of Cryptoassets that Are Allowed to Be Traded in Indonesia Issues Regulation Clearing Way for Trading of 229 Cryptoassets

Fintech in Indonesia – Financial Regulation

Fintech products and services in Indonesia are mainly regulated by two government bodies, Bank Indonesia and the Financial Services Authority (OJK). Bank Indonesia Regulation No. 19/12/PBI/2017 regarding the Organization of Financial Technology, dated 30 November 2017, regulates fintech activities that require licensing or registration in relation to monetary stability, financial system stability and payment systems, Fintech in Indonesia – Financial Regulation

E-commerce in Indonesia – Defamation

As a general rule, an electronic system provider in Indonesia must maintain a reliable and secure electronic system. Under Law No. 11 of 2008 on Electronic Information and Transactions (the ITE Law), an electronic system provider shall be held responsible for the operation of its electronic system. However, in practice, it is difficult for system E-commerce in Indonesia – Defamation

E-commerce in Indonesia – Advertising

There is no specific rule in Indonesia that governs online advertising activities. Considering that online advertising is part of an electronic transaction, such advertising is subject to the provisions of Law No. 11 of 2008 on Electronic Information and Transactions (the ITE Law), Government Regulation No. 71 of 2019 on the Implementation of Electronic Systems E-commerce in Indonesia – Advertising

Indonesia Data Protection Laws and Regulations – Processing Personal Data

The principal law governing data protection in Indonesia is Law No. 11 of 2008 regarding Electronic Information and Transactions, as amended by Law No. 19 of 2016 (“Electronic Information Law“). In addition to the Electronic Information Law, rules governing personal data protection are also found in Government Regulation No. 71 of 2019 regarding the Implementation Indonesia Data Protection Laws and Regulations – Processing Personal Data

E-commerce in Indonesia – Domain Names

Registration of a domain name in Indonesia is administered on a first-come, first-served basis. The process, which is straightforward, is initiated by the domain name user submitting an application along with the required supporting documents to the domain name registrar. The domain name registration process shall not take more than five business days after a E-commerce in Indonesia – Domain Names

Indonesia Omnibus Law – Impact on Postal, Telecom and Broadcasting Sectors

Indonesia’s closely watched omnibus jobs creation bill became law on November 2. The stated aim of Law No. 11 Year 2020 on Jobs Creation (the “Omnibus Law“) is to bolster investment and create jobs by streamlining regulations and simplifying the licensing process from the ministries to the central government to improve the ease of doing Indonesia Omnibus Law – Impact on Postal, Telecom and Broadcasting Sectors

E-commerce in Indonesia – Security

By regulation, an electronic system provider in Indonesia is obligated to guarantee the security of the software used to facilitate and administer the electronic system services, as well as to assure that an information security agreement is available. In practice, an electronic system provider is required to establish a security system that has a system E-commerce in Indonesia – Security