Legal Certainty of the Use of Cryptocurrency as An Investment Instrument in Companies in Indonesia

Authors

  • Christofel Adam Sitorus Fakultas Hukum Universitas Pembangunan Nasional “Veteran” Jakarta, Jakarta, Indonesia
  • Muthia Sakti Fakultas Hukum Universitas Pembangunan Nasional “Veteran” Jakarta, Jakarta, Indonesia

DOI:

https://doi.org/10.38035/jlph.v5i2.1059

Keywords:

Cryptocurrency, Investment, Legal Certainty, Regulation, Investor Protection

Abstract

This study examines the legal certainty of using cryptocurrency as an investment instrument in companies in Indonesia. Although cryptocurrency is not recognized as a legal means of payment, it has been acknowledged as a tradable commodity in futures exchanges. This research utilizes a normative legal approach to analyze existing regulations, challenges encountered, and legal protections available for investors. The findings indicate that despite significant profit potential, investors still face high risks due to price volatility, insufficient legal protections, and cybersecurity threats. It is crucial for the government to formulate more comprehensive and supportive regulations to protect investors and prevent misuse and illegal practices. Additionally, an extensive educational program is needed to enhance public understanding of the risks and benefits of investing in cryptocurrency. With adequate regulation and improved public awareness, cryptocurrency is expected to contribute positively to Indonesia’s digital economic growth. This study aims to contribute to the development of policies and regulations related to cryptocurrency in Indonesia and to encourage greater public participation in this investment ecosystem.

References

Anjani, M. R., & Santoso, B. (2018). Urgensi Rekonstruksi Hukum E-Commerce Di Indonesia. Law Reform, 14(1), 89–103.

Bintarto, M. A. I. (2022). Cryptocurrency as a Digital Property in Indonesian Law Perspective. Jurnal Penegakan Hukum Dan Keadilan, 3(2), 104–113.

Geiregat, S. (2018). Cryptocurrencies are (smart) contracts. Computer Law & Security Review, 34(5), 1144–1149.

Hasani, M. N., Ramadhan, M., Mariyani, K., Setiawan, R., & Sucidha, I. (2022). Analisis cryptocurrency sebagai alat alternatif dalam berinvestasi di indonesia pada mata uang digital bitcoin. Jurnal Ilmiah Ekonomi Bisnis, 8(2), 329–344.

Huda, N., & Hambali, R. (2020). Risiko dan Tingkat Keuntungan Investasi Cryptocurrency. Jurnal Manajemen Dan Bisnis: Performa, 17(1), 72–84.

Inci, A. C., & Lagasse, R. (2019). Cryptocurrencies: applications and investment opportunities. Journal of Capital Markets Studies, 3(2), 98–112.

Marzuki, P. M. (2011). Penelitian Hukum, Jakarta: Kencana. Mertokusumo, Sudikno.

Melia, R. (2023). Analisis Hukum Terhadap Penggunaan Aset Kripto Sebagai Alat Pembayaran di Indonesia. Jurnal Kewarganegaraan, 7(2).

Saputra, T. T., & Sulistiyono, A. (2024). Upaya Hukum Perlindungan Investor dari Potensi Risiko Investasi Cryptocurrency di Indonesia. Gema Keadilan, 11(1), 1–9.

Setiawan, E. P. (2020). Analisis Potensi dan Risiko Investasi Cryptocurrency di Indonesia. Jurnal Manajemen Teknologi, 19(2), 130–144.

Siregar, E. S., Manurung, W., Gunawan, R., Dzulkhairil, M., Siagian, R., Ardiansyah, M., Lubis, R., & Sitorus, A. (2024). Kepastian Hukum Aset Kripto sebagai Instrumen Investasi dalam Persfektif hukum islam dan Hukum Positif. El-Mujtama: Jurnal Pengabdian Masyarakat, 4(1), 90–101.

Siregar, L. Y., & Nasution, M. I. P. (2020). Perkembangan teknologi informasi terhadap peningkatan bisnis online. HIRARKI: Jurnal Ilmiah Manajemen Dan Bisnis, 2(1), 71–75.

Wardoyo, Y. P., & Hapsari, D. R. I. (2023). Cryptocurrency assets as a physical collateral in Indonesia. Legality: Jurnal Ilmiah Hukum, 31(1), 59–71.

Yuniarti, D., & Litriani, E. (2017). Pengaruh Inflasi Dan Nilai Tukar Rupiah Terhadap Harga Saham Di Sektor Industri Barang Konsumsi Pada Indeks Saham Syariah Indonesia (Issi) Tahun 2012-2016. I-Finance: A Research Journal on Islamic Finance, 3(1), 31–52.

Downloads

Published

2025-01-02

How to Cite

Christofel Adam Sitorus, & Muthia Sakti. (2025). Legal Certainty of the Use of Cryptocurrency as An Investment Instrument in Companies in Indonesia. Journal of Law, Politic and Humanities, 5(2), 1137–1144. https://doi.org/10.38035/jlph.v5i2.1059

Issue

Vol. 5 No. 2 (2024): (JLPH) Journal of Law, Politic and Humanities

Section

Articles

License

Copyright (c) 2024 Christofel Adam Sitorus, Muthia Sakti

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

Authors who publish their manuscripts in this journal agree to the following conditions:

  1. The copyright on each article belongs to the author(s).
  2. The author acknowledges that the Journal of Law, Poliitic and Humanities (JLPH) has the right to be the first to publish with a Creative Commons Attribution 4.0 International license (Attribution 4.0 International (CC BY 4.0).
  3. Authors can submit articles separately, arrange for the non-exclusive distribution of manuscripts that have been published in this journal into other versions (e.g., sent to the author's institutional repository, publication into books, etc.), by acknowledging that the manuscript has been published for the first time in the Journal of Law, Poliitic and Humanities (JLPH).