Indonesia: Regulation introducing licensing requirement for digital banks
Progress
Current status
in force
30 Oct 2021 in force
30 Jul 2021 adopted
Scope
Implementers
Indonesia
Policy Area
Authorisation, registration and licensing
Policy Instrument
Operational license requirement
Regulated Economic Activity
digital payment provider (incl. cryptocurrencies)
Government Branch
executive
Government Body
central government
Implementation Level
national
Timeline of events
Implemented regulation including licensing requirement for digital banks
On 30 October 2021, the regulation creating a licensing requirement for "digital banks" by the Indonesian central bank (12/POJK.03/2021) enters into force. A digital bank is defined as a payment provider that offers its services digitally without ne…
SourceEvent type
order
Action type
implementation
Government branch
executive
Government body
central government
Adopted regulation including licensing requirement for digital banks
On 30 July 2021, the Indonesian central bank issued a regulation creating a licensing requirement for "digital banks" (12/POJK.03/2021). A digital bank is defined as a payment provider that offers its services digitally without needing a physical of…
SourceEvent type
order
Action type
adoption
Government branch
executive
Government body
central government