Indonesia: Consumer Law

Under this circular, business actors must comply with two key obligations: (i) to display the national halal label using BPJPH's official design and placement standards; and (ii) the publication of the halal status across digital channels (company websites, social media, marketplaces, digital catalogues, etc.).

The most significant legal development in Indonesia's Fintech sector is the enactment of Law No. 4 of 2023 on Development and Strengthening of Financial Sector ("Law 4/2023").

In October 2023, the Indonesian government through the Ministry of Trade ("MoT") issuedMoT Regulation ("MoTR") No. 31 of 2023 on Business Licensing.