ELECTRONIC MONEY SUPERVISION FOR THE CREATION OF MONETARY STABILITY IN THE DEVELOPMENT OF ECONOMIC LAW IN INDONESIA

Abstract This study aims to obtain the concept of electronic money supervision, especially technological risk, including operational risk in applying electronic money policies issued by Bank Indonesia, namely Bank Indonesia Regulation Number 20/6/PBI/2018 concerning electronic money. The legal problem in electronic money is that if a crime occurs in the electronic money transaction technology system, it will harm various parties, one of which is the most disadvantaged by electronic money users. The research method utilized in this study is a normative juridical approach and a descriptive-analytical research specification that investigates secondary data in the form of primary legal materials based on Bank Indonesia Regulation Number 20/6/PBI/2018 concerning Electronic Money. According to the findings of the study, the purpose of issuing electronic money is to build a seamless, fast, safe, and effective payment system. However, electronic money crimes continue to occur in practice. Regulation 20/6/PBI/2018 of Bank Indonesia, changes must be made by adding an article regarding risk management of data backup systems; this is to anticipate when the network, application, or electronic money system is disrupted. From the research, it can also be concluded that the addition of an article regarding risk management of backup data systems in Bank Indonesia Regulation Number 20/6/PBI/2018 aims to reduce the potential risk in the event of a network, application, or electronic money system disruption so that it is beneficial for financial authorities, users, and electronic money providers