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Bank Indonesia re-regulates e-money

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Sugianto Osman

Partner, Ginting & Reksodiputro in association with Allen & Overy

Jakarta

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Reksodiputro Harun
Harun Reksodiputro

Partner, Ginting & Reksodiputro in association with Allen & Overy

Jakarta

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15 May 2018

​In response to the vast growth in technological innovations and the tendency of businesses to integrate in order to create business ecosystems, Bank Indonesia has issued a new Electronic Money Regulation.

It seeks to anticipate the risks associated with the e-money business by implementing risk management and security standards, and increasing supervision over e-money business players. The foreign ownership limits introduced by the Regulation are arguably the most crucial point in the Regulation, and may cause Providers to restructure their e-money businesses.