You can see the rules and regulations in other jurisdictions.
Under OJK Reg 13, smart contracts are considered part of digital financial innovation in the equity collecting sector that includes equity crowdfunding, virtual exchange and alternate due diligence. Thus, general norms as defined in the regulation apply to them. As there is no specific legal framework for such self-executing agreements yet, it must be noted that no corrective action is available currently through legal means.1
Client identification in Indonesia
