Bullion Banking in Indonesia: A Legal Overview of the Emerging Industry
Indonesia has officially entered the bullion banking sector with PT Pegadaian (Persero) (“Pegadaian”) and PT Bank Syariah Indonesia Tbk (“BSI”) becoming the country’s first bullion banks, following approval from the Financial Services Authority (Otoritas Jasa Keuangan – “OJK”). This milestone enables regulated gold-related financial services, including deposits, financing, trading, and safekeeping. Governed by Law No….