Please use this identifier to cite or link to this item: https://hdl.handle.net/10419/298548 
Authors: 
Year of Publication: 
2023
Series/Report no.: 
Policy Paper No. 60
Publisher: 
Center for Indonesian Policy Studies (CIPS), Jakarta
Abstract: 
To accommodate Indonesia's quickly growing fintech industry, regulators have opted for a regulatory sandbox mechanism that bases the country's regulatory response to innovation on the results of live experiments. While they offer clear benefits, regulatory sandboxes can also be risky regulatory instruments. This paper assesses the promises and pitfalls of the sandbox, focusing on the digital financial innovation (DFI) sector, a responsibility of Indonesian Financial Services Authority (Otoritas Jasa Keuangan, or OJK). The paper focuses on sandbox governance, its risk management mechanism, and co-regulation.
Document Type: 
Research Report

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