August 2025
On 31 July 2025, the Indonesian Financial Services Authority (Otoritas Jasa Keuangan – OJK) issued OJK Circular Letter No. 19/SEOJK.06/2025 on the Implementation of Information Technology Based Collective Funding Services (SEOJK 19/2025). SEOJK 19/2025 replaces SEOJK 19/2023, which previously governed peer-to-peer (P2P) lending operations. OJK frames SEOJK 19/2025 as the detailed operationalization of mandates in OJK Regulation No. 40 of 2024 on Information Technology Based Collective Funding Services (POJK 40), intended to bring clearer standards to day to day LPBBTI operations.