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

Crypto Asset as a Transaction Tool in the Perspective of Economic Analysis of Law: Legal Consequences and Ius Constituendum
Aset Kripto sebagai Alat Transaksi dalam Perspektif Analisis Hukum Ekonomi: Konsekuensi Hukum dan Ius Constituendum

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  • Dita Damayanti Sasmito Ningsih*,
  • Dimas Hikari Achmad,
  • Elreddian Kusuma Dewi,
  • Yessy Arinta Puji Purnami
Dita Damayanti Sasmito Ningsih
Fakultas Hukum Universitas Airlangga, Indonesia *
Dimas Hikari Achmad
Fakultas Hukum Universitas Airlangga, Indonesia
Elreddian Kusuma Dewi
Fakultas Hukum Universitas Airlangga, Indonesia
Yessy Arinta Puji Purnami
Fakultas Hukum Universitas Airlangga, Indonesia

(*) Corresponding Author
DOI: https://doi.org/10.21070/jihr.v10i0.787


Picture in here are illustration from public domain image or provided by the author, as part of their works
Published June 16, 2022
Keywords
  • Crypto Assets,
  • Digital Business,
  • Economic Analysis of Law
How to Cite
Ningsih, D. D. S., Achmad, D. H., Dewi, E. K., & Purnami, Y. A. P. (2022). Crypto Asset as a Transaction Tool in the Perspective of Economic Analysis of Law: Legal Consequences and Ius Constituendum. Rechtsidee, 10(1), 10.21070/jihr.v10i0.787. https://doi.org/10.21070/jihr.v10i0.787

Copyright (c) 2022 Dita Damayanti Sasmito Ningsih, Dimas Hikari Achmad, Elreddian Kusuma Dewi, Yessy Arinta Puji Purnami (Author)

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

 
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Abstract

This normative legal research examines the economic and legal aspects of using crypto assets as a means of business transactions in Indonesia. The study uses a concept and legislation approach to analyze the legal consequences of crypto assets as transaction tools in digital business transactions. The research finds that crypto assets can be traded as goods in accordance with existing regulations, but cannot be used as legal tender in digital business transactions. Any digital transaction that uses only crypto assets as currency is null and void, and subject to criminal sanctions. To regulate the use of crypto assets as transaction tools, the study suggests breaking down the substance of Bappebti Regulation into two characters, regeling and beshikking. The implication of this research is that further studies and proposals are needed from Bappebti to determine whether crypto assets can be used as currency in the future, and to ensure that future regulation aligns with the principles of Economic Analysis of Law.


Highlights:

  1. Crypto assets can be traded as goods in accordance with regulations.
  2. Crypto assets cannot be used as legal tender in digital business transactions.
  3. Regulation of crypto assets as a transaction tool needs to be further developed and clarified.
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