Indonesia

Fintech / Regtech

Indonesia OJK Issues New Requirements for P2P Lending & BNPL

By Editors | 14/01/2025

New minimum age and income requirements set for P2P and BNPL borrowers. BNPL providers have to report transaction to the credit bureau

Crypto / Digital Assets

Indonesia OJK Assumes Crypto Oversight, Eyes Investor ID System

By Nithya Subramanian | 14/01/2025

Bappebti has handed over regulatory responsibilities for cryptocurrencies and derivatives to the OJK and BI

Capital / Liquidity

OJK Indonesia Adjusts LCR, NSFR Regulations for Banks

By Editors | 04/01/2025

The amendments will require all conventional commercial banks including smaller banks to comply with the LCR and NSFR rules.

Crypto / Digital Assets

OJK Indonesia Issues Regulations for Digital Asset Trading

By Manesh Samtani | 03/01/2025

OJK is adopting Bappebti regulations, with refinements, to ensure continuity as it transitions into the new regulatory body for Indonesia’s crypto sector.

Fintech / Regtech

Bank Indonesia Launches Three New BI-FAST Services

By Editors | 01/01/2025

The new services enable real-time bulk transfers, requests for payment functionality, and direct debit transfers for routine payments.

Crypto / Digital Assets

Cambodia Issues New Regulatory Framework for Crypto

By Manesh Samtani | 30/12/2024

Banks can only have direct exposure to Group 1 cryptoassets. Services offered to customers can include other cryptoassets.

Enforcement

Bank Indonesia Under Investigation by Anti Corruption Agency

By Editors | 23/12/2024

KPK searched several rooms at Bank Indonesia including the governor’s office. A search operation was also conducted at OJK.

Fintech / Regtech

Indonesia Launches NFC-based QRIS Tap Payments Trial

By Editors | 20/12/2024

The trial commenced to test contactless QRIS payments on transportation modes in Jakarta. Full implementation planned for Q1 2025

Crypto / Digital Assets

Bank Indonesia Completes Stage One PoC Testing for CBDC

By Manesh Samtani | 17/12/2024

Bank Indonesia published a report presenting the PoC findings and outlining focus areas for future exploration, including digital securities.