OJK Prepares New Rules Fintech Lending
JAKARTA - The Financial Services Authority (OJK) is reviewing new regulations regarding the implementation of Financial technology peer to peer lending or fintech lending. The plan is based on the draft Regulation OJK on Information Technology-Based Collective Funding Services to associations and the general public in mid-November 2020.
Deputy Commissioner of the OJK Institute and Digital Finance. Imansyah said the plan for the new regulation was due to the massive addition of fintech and avoiding regulatory arbitrage. "There are two main thoughts, there are those who let it. Let the market become the regulator of the fintech context. But there are also those who say we need rules to make it clear which fintech is really good. Which ones are fake, "he said, last weekend.
According to h...