In the digital era where geographic borders are blurred and opportunities are vast, Indonesia’s recent amendments to the Information and Electronic Transactions Law (IET Law)1 are reshaping the way international electronic contracts are managed in Indonesia. These amendments represent a fundamental shift in how entrepreneurs and corporations in Indonesia engage in online business across borders.
The key to this transformation lies in the IET Law’s provision for electronic certification providers to offer a wide range of services, such as digital identities, electronic signatures, and seals. This opens up a world of possibilities for consumers in Indonesia to conduct transactions online, including high-risk financial transactions secured through electronic certificates. In conjunction with these new freedoms, the IET Law provides for strict sanctions against disseminating false information online. By opening up freedom while taking robust action to secure online transactions, the IET Law will build trust in the digital marketplace.
For entrepreneurs and corporations in Indonesia venturing into global e-commerce, these regulations provide not just compliance but also a solid foundation for conducting international business with integrity and confidence.
1 Law Number 1 of 2024 regarding the Second Amendment to Law Number 11 of 2008 concerning Information and Electronic Transactions which has come into force since 2 January 2024
