URGENCY OF APPLYING REGULATORY SANDBOX AS A LEGAL PROTECTION EFFORTS FOR EQUITY CROWDFUNDING INVESTORS
Abstract
Equity crowdfunding is one of the most popular financial technology (fintech) since it can be an alternative investment for the community. However, existing regulations cannot provide legal protection for investors. Financial Services Body as a fintech regulator in Indonesia must be able to provide legal protection for equity crowdfunding investors. This study analyzes the equity crowdfunding practice in Indonesia and compares the application of regulatory sandboxes in other countries. Regulatory sandbox can be an effort to guarantee legal protection for equity crowdfunding investors. Equity crowdfunding companies will later be required to go through a trial period before being allowed to operate.