ANALYSIS OF FINTECH SUPERVISION REGULATIONS FROM THE PERSPECTIVE OF SHARIA ECONOMIC LAW

Abstract

The rapid development of technology and the digital era has both positive and negative impacts on human life in various aspects. However, however, technological development is actually a phenomenon that will certainly continue to occur and should be used as an opportunity and challenge to obtain the benefits and conveniences offered by technology development. This includes in the financial services industry, where information technology has spread to the entire financial sector, including Islamic banks that uphold Sharia values. This research is normative-empirical legal research with descriptive analysis technique. The purpose of this research is to analyze how the government oversees and provides legal protection against conventional and Sharia fintech violations. Based on the study results, it was found that the government has made fintech regulation and supervision policies for legal protection against the rapid development of fintech, with the implementation of a fair rule of law and advanced financial service inclusion. However, to overcome fintech violations, specific laws and clear legal aspects in fintech legalization are needed as a research concept in the future.