Authors :
Dian Ekawati; Toto Tohir Suriaatmadja; Susanto
Volume/Issue :
Volume 9 - 2024, Issue 3 - March
Google Scholar :
https://tinyurl.com/49vbxy8j
Scribd :
https://tinyurl.com/yc8ekvv8
DOI :
https://doi.org/10.38124/ijisrt/IJISRT24MAR502
Note : A published paper may take 4-5 working days from the publication date to appear in PlumX Metrics, Semantic Scholar, and ResearchGate.
Abstract :
This study aims to analyze the business of
trading virtual currency cryptocurrency, particularly
Bitcoin, as a means of transaction in Indonesia. The
research method employed is a normative juridical
approach, examining provisions related to the use of
Bitcoin as a transactional tool in Indonesia. The findings
of this research reveal several significant outcomes.
Firstly, the business of trading virtual currency
cryptocurrency, especially Bitcoin, as a means of
transaction in Indonesia, still faces significant challenges.
Despite the high public interest in cryptocurrencies, clear
and definitive regulations regarding the use of virtual
cryptographic currency as a payment instrument are still
lacking. Secondly, the role of Bank Indonesia as the
financial regulator has not yet recognized Bitcoin as a
valid payment instrument in Indonesia. This results in
legal uncertainties concerning the use of Bitcoin as a
transactional tool in the country. The research findings
indicate that the use of Bitcoin as a means of transaction
in Indonesia lacks adequate legal certainty. Therefore, the
business of trading virtual currency cryptocurrency as a
transactional tool in Indonesia requires clear and
definitive regulations. Appropriate regulations will
provide legal certainty, protect all involved parties, and
ensure fair and sustainable state revenue related to the
use of Bitcoin as a means of transaction in Indonesia. The
implications of this research emphasize the need for clear
and definitive regulations in the business of trading
virtual currency cryptocurrency as a means of
transaction in Indonesia. Bank Indonesia and other
relevant authorities need to collaborate in developing an
effective regulatory framework. With proper regulations,
cryptocurrencies can be integrated securely, reliably, and
widely accepted as transactional instruments in
Indonesia.
Keywords :
Trading, Virtual Currency Cryptocurrency, Transactional Tool in Indonesia.
This study aims to analyze the business of
trading virtual currency cryptocurrency, particularly
Bitcoin, as a means of transaction in Indonesia. The
research method employed is a normative juridical
approach, examining provisions related to the use of
Bitcoin as a transactional tool in Indonesia. The findings
of this research reveal several significant outcomes.
Firstly, the business of trading virtual currency
cryptocurrency, especially Bitcoin, as a means of
transaction in Indonesia, still faces significant challenges.
Despite the high public interest in cryptocurrencies, clear
and definitive regulations regarding the use of virtual
cryptographic currency as a payment instrument are still
lacking. Secondly, the role of Bank Indonesia as the
financial regulator has not yet recognized Bitcoin as a
valid payment instrument in Indonesia. This results in
legal uncertainties concerning the use of Bitcoin as a
transactional tool in the country. The research findings
indicate that the use of Bitcoin as a means of transaction
in Indonesia lacks adequate legal certainty. Therefore, the
business of trading virtual currency cryptocurrency as a
transactional tool in Indonesia requires clear and
definitive regulations. Appropriate regulations will
provide legal certainty, protect all involved parties, and
ensure fair and sustainable state revenue related to the
use of Bitcoin as a means of transaction in Indonesia. The
implications of this research emphasize the need for clear
and definitive regulations in the business of trading
virtual currency cryptocurrency as a means of
transaction in Indonesia. Bank Indonesia and other
relevant authorities need to collaborate in developing an
effective regulatory framework. With proper regulations,
cryptocurrencies can be integrated securely, reliably, and
widely accepted as transactional instruments in
Indonesia.
Keywords :
Trading, Virtual Currency Cryptocurrency, Transactional Tool in Indonesia.
