The government has issued Minister of Trade Reg. No. 31/2023 which revokes Minister of Trade Reg. No. 50/2020. This regulation was promulgated in connection with legal issues, including the rise of social commerce activities that provide transaction services. In essence, this regulation regulates licensing, prohibitions on social commerce activities from carrying out transactions, as well as consumer protection provisions and fair business competition. Find out more about our insights on this topic in our Legal Brief publication.
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