摘要：Introduction to The Problem: The era of innovation in information technology has emerged to ease daily commercial transactions. The innovation in fnancial technology has created numerous new business model to cater the customers’ need. This development needs a regulation and supervision to avoid chaos in the fnancial system. Particularly in Indonesia and Malaysia, which both countries were recorded by CCAF to be among the top countries in the ASEAN region by the number of fntech frms. Purpose/Objective Study: This study is aimed to analyze the fnancial technology regulation and supervision in Indonesia and Malaysia. Design/Methodology/Approach: The comparative study is conducted to compare the regulatory environment related to Digital payment, Equity Crowdfunding, P2P lending, Crypto Asset, Consumer protection, cybersecurity law and Islamic fntech in both countries Findings: The study found that compared to Malaysia, Indonesia has lack of jurisdiction that protecting the customer from the cyber-attack which highly threatening the fntech industry. Both countries also treat ICO differently. Malaysia treats it under RMO guidelines, while Indonesia banned it as the method of payment but still allows the trading of ICO as a commodity under Commodity Futures Regulatory Agency. Paper Type: Research Article.
