23 Dec 2021
Indonesia Moves to Boost Crypto-Asset Market for Traders and Investors
Few markets have been left untouched by the rapid growth in the popularity of crypto currencies and other forms of crypto assets. As governments around the world adopt crypto regulation and policies, Indonesia has evolved a relatively well-defined stance towards crypto assets and is considered reasonably open to blockchain technology. Nevertheless, a solid crypto-asset market has yet to be established…
22 Dec 2021
‘Omnibus Law’ Ruling Presents Further Challenge to Rollout of Risk-based Business Licensing System
The Constitutional Court recently declared the Job Creation Law (colloquially, the “Omnibus Law”) “conditionally unconstitutional” (see our ABNR Legal Update here for more detail). Prior to the Court’s ruling, the Government had already issued a number of important implementing regulations for the Omnibus Law, including Government Regulation No. 5 on Risk-Based Business…