Rechtsidee
Vol 10 No 1 (2022): June
Business Law

Lack of Protection for Non-Fungible Token (NFT) Creators in Indonesia: A Progressive Legal Study
Kurangnya Perlindungan Pencipta Non-Fungible Token (NFT) di Indonesia: Suatu Kajian Hukum Progresif

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  • Dina Aidah Norasari*
Dina Aidah Norasari
Universitas Muhammadiyah Malang, Indonesia *

(*) Corresponding Author
DOI: https://doi.org/10.21070/jihr.v10i0.783


Picture in here are illustration from public domain image or provided by the author, as part of their works
Published June 22, 2022
Keywords
  • Progressive Law,
  • Non Fungible Token,
  • Legal Protection
How to Cite
Norasari, D. A. (2022). Lack of Protection for Non-Fungible Token (NFT) Creators in Indonesia: A Progressive Legal Study. Rechtsidee, 10(1), 10.21070/jihr.v10i0.783. https://doi.org/10.21070/jihr.v10i0.783

Copyright (c) 2022 Dina Aidah Norasari (Author)

Creative Commons License

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

 
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Abstract

This article presents a normative legal research that aims to provide legal protection guarantees for creators of Non-Fungible Token (NFT) works from a progressive legal perspective. The research used a statutory approach and concept approach to examine the implications of NFT on the existing legal framework. The results confirm that NFT requires special regulations to protect creators' rights, including revising the Copyright Law and developing regulations to affirm NFT's character. The study recommends that NFT works be included in copyright through extensive and futuristic interpretation, and the government's legal policy should specifically regulate NFT and issue certificates of NFT works to ensure legal protection and certainty. Overall, this research highlights the need for proactive legal responses to technological developments such as NFT, which can have economic value and require legal protection.

Highlights:

  1. Non-Fungible Tokens (NFT) require special legal protection for creators due to their economic value.
  2. Revising Copyright Law and developing regulations to affirm NFT's character are recommended.
  3. NFT works should be included in copyright through extensive interpretation and the government should issue certificates of NFT works to ensure legal protection and certainty.
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