Proceedings of the International Conference On Law, Economic & Good Governance (IC-LAW 2023)

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Ensuring Investor Security and the Future of Crowdfunding: Exploring Legal Protection and Innovations in Indonesia

Authors
Muhammad Tsany Aziz1, *
1Bachelor Program in Law, Universitas Sebelas Maret, Kentingan, Jl. Ir Sutami No.36, Kec. Jebres, Kota Surakarta, Jawa Tengah, Indonesia, 57126
*Corresponding author. Email: tsani.aziz10@student.uns.ac.id
Corresponding Author
Muhammad Tsany Aziz
Available Online 22 February 2024.
DOI
10.2991/978-2-38476-218-7_101How to use a DOI?
Keywords
Funding portals; Broker-dealers; Blockchain-based
Abstract

Crowdfunding of securities necessitates involvement through either a registered broker-dealer or a registered funding portal, a novel intermediary category introduced under the 2020 regulations (POJK No. 57/POJK.04/2020). These intermediaries are obligated to implement measures to minimize the risk of fraudulent activities, make essential disclosures about issuers accessible to the public, establish communication channels for discussions regarding offerings on the platform, reveal the compensation they receive, offer educational materials to investors, and adhere to additional requirements pertaining to investor commitments, notifications to investors, and the management and transfer of funds. Registered funding portals engaging in crowdfunding campaigns may have a more limited scope of activities compared to broker-dealers. Therefore, the author's research tends to discover in-depth about some frauds which have been occurring to some investors since there is an absence of the regulation. In addition, Consider the future of crowdfunding and how regulations might evolve to keep pace with the changing landscape. Discuss innovations like blockchain-based crowdfunding or international developments.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference On Law, Economic & Good Governance (IC-LAW 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
22 February 2024
ISBN
10.2991/978-2-38476-218-7_101
ISSN
2352-5398
DOI
10.2991/978-2-38476-218-7_101How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Muhammad Tsany Aziz
PY  - 2024
DA  - 2024/02/22
TI  - Ensuring Investor Security and the Future of Crowdfunding: Exploring Legal Protection and Innovations in Indonesia
BT  - Proceedings of the International Conference On Law, Economic & Good Governance (IC-LAW 2023)
PB  - Atlantis Press
SP  - 602
EP  - 608
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-218-7_101
DO  - 10.2991/978-2-38476-218-7_101
ID  - Aziz2024
ER  -