As other countries have implemented, Indonesia needs to use a risk-based approach in regulating the digital finance industry. This will help adapt regulations on rapidly developing technologies.

People from the lower social strata who are lured into buying a house often become mired in trouble. Instead of getting a dream house, all their savings are lost and their families’ lives are at stake.

Protection for homebuyers in Indonesia is still weak, especially if they have already carried out a transaction with a problematic developer.