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Indonesia: Digital financial services booming but still lack users

Indonesia is the fastest-growing country in the Asia-Pacific region when it comes to the digitization of financial services, but its penetration remains the lowest in the area. A recent report by global consulting firm McKinsey titled Digital Banking in Indonesia: Building Loyalty and Generating Growth, shows digital banking penetration has increased significantly. In 2017, the number of […]

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Indonesia: Futures exchange authority issues regulation on cryptocurrency

The cryptocurrency industry has entered the early phases of recognition from the government after the Trade Ministry’s Futures Exchange Supervisory Board (Bappebti) issued Ministerial Regulation No. 5/2019 on the implementation of physical markets for crypto assets in futures exchanges. The regulation focuses among other things on good governance principles for crypto asset traders, legal certainty, […]

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