The Financial Services Authority (OJK) had promised to promulgate a regulation for equity crowdfunding by September 2018, bus as we all know, the OJK missed its deadline. Recently, the OJK has said that they would promulgate said regulation by the end of this year. Equity crowdfunding is an alternative way to collect funds for small and medium startups/enterprises. It has yet to be regulated, and this is why the OJK is working on the details.

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