In Indonesia, Ministry of Communication and Information (MOCI) Regulation No. 20 of 2016 on the Protection of Private Data in Electronic Systems (the Data Privacy Regulation) defines personal data as certain individual data, the authenticity of which is verified, sustained and maintained while its confidentiality remains protected. Any personal data may only be utilized within … E-commerce in Indonesia – Data Protection and Privacy
SSEK partner Denny Rahmansyah has contributed a Q&A guide to privacy in Indonesia. The Q&A guide gives a high-level overview of privacy rules and principles in Indonesia, including what national laws regulate the right to respect for private and family life and freedom of expression, to whom the rules apply, and what privacy rights are … SSEK Contributes Q&A Guide on Privacy in Indonesia
Consumer lending is regulated in Indonesia, with a particular focus on information technology-based money lending services (peer-to-peer lending), as regulated under Financial Services Authority (OJK) Regulation No. 77/POJK.01/2016 regarding Information Technology-Based Money Lending Services, dated 29 December 2016. The OJK has the authority to regulate, register and issue licenses, as well as supervise the fintech … Fintech in Indonesia – Consumer Lending
Based on Indonesian laws and regulations, a website shall be regarded as an intellectual property of the system provider that has gathered the electronic information and documents to establish the website. In theory, a website owner has no IP rights over the content displayed by another provider. If one intends to insert a link to … E-commerce in Indonesia – Intellectual Property
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 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
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
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
SSEK Indonesian Legal Consultants has been ranked Band 1 in the new Chambers FinTech Guide to the leading fintech law firms in the world. SSEK was one of only two law firms in Indonesia to be ranked in Band 1. You can see the full rankings for Indonesia here. According to Chambers, SSEK\'s fintech team … SSEK Ranked Band 1 for Indonesia in Chambers FinTech 2021 Guide
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
