Celebrating International Data Privacy Day : Key Regulatory Areas To Monitor In Indonesia's Digital Landscape In 2024

• Published date: 26 March 2024
• Subject Matter: Privacy, Technology, Privacy Protection, Fin Tech
• Law Firm: Anggraeni and Partners
• Author: Ms Setyawati Fitrianggraeni, Sri Purnama and Jericho Xafier Ralf

Indonesia's digital field is changing. New e-commerce rules and ethical AI in Fintech are coming. The Information and Electronic Transactions (IET) Law is changing too. These changes are important for businesses and people. We will look at three regulatory areas in 2024. This will help you keep up with the fast-paced digital world

1. E-Commerce Regulations

Indonesia's Ministry of Trade has enacted Regulation No. 31 of 2023 (MoTR 31/2023), superseding Regulation No. 50 of 2020. This new regulation addresses business licensing, advertisement development, and supervision of business actors in electronic systems trading. E-commerce operators and merchants must swiftly adapt their practices to comply with MoTR 31/2023's requirements.

2. AI in Fintech

On 24 November 2023, Indonesia's Financial Services Authority (OJK), in partnership with several other organizations, launched its code-of-ethics guidelines to work towards responsible and trustworthy artificial intelligence within the Fintech sector. These guidelines require Fintech companies to adopt ethical, fair, transparent, accountable, robust, and secure AI practices.

3. Second Amendment to the Information and Electronic Transactions (IET) Law

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