The Regulatory Framework for Digital Ecosystems- Understanding Indonesia’s Regulation on the Operation of Electronic System and Transaction 2019

Summary:

The Regulation on the Operation of Electronic Systems and Transactions 2019 (ROEST 2019) is a landmark Indonesian law that aims to provide a robust framework for the country's digital landscape. Key provisions include guidelines on data governance, including data storage, transfer, and access, as well as transactional integrity, ensuring the integrity of electronic transactions. The regulation evaluates regulatory depth and universal applicability, addressing traditional data protection issues and emergent areas. While the law has many merits, challenges arise from implementation and adapting to technological advancements.