Currently, 102 fintech companies are registered with the OJK. In addition, the OJK also publishes a list of illegal app-based lending companies that have been blocked.

Blockchain platforms generally consist of thousands or even millions of interconnected computers. Any data to be stored is validated first by those computers.

Therefore, the public has put very high hopes in the nine new commissioners of the Financial Services Authority (OJK), which is chaired by Mahendra Siregar.

On the other hand, OJK must be careful in mitigating the risk of the impact of high inflation and the global recession on the financial-services sector and the Indonesian economy.

To continue to support economic growth, relaxation in macroprudential regulations is still very much needed, as well as efficiency in the payment system, the deepening and development of the financial Market.

In 2015 and 2016, Garuda made profits, though just $78 million and $9 million, respectively. However, in 2017 and 2018 Garuda suffered losses of up to $200 million

Fiscal and monetary policies in the United States, for example, are used to support the demand side that declines due to reduced mobility by providing cash transfer assistance to households.

In the financial market, the increase in online economic activities is reflected in the increase in the share prices of a number of digital services companies.