Cryptocurrency as a Digital Property in Indonesian Law Perspective

Cryptocurrency is the result of technological developments. The first cryptocurrency is bitcoin, introduced by Satoshi Nakamoto as a decentralized digital currency with a safe haven. Then over time, some countries recognized cryptocurrency as property are Netherlands, China, and others. Indonesia ha...

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Main Author: Muhammad Al Ikhwan Bintarto
Format: Article
Language:English
Published: Universitas Muhammadiyah Yogyakarta 2022-09-01
Series:Jurnal Penegakan Hukum dan Keadilan
Subjects:
Online Access:https://journal.umy.ac.id/index.php/jphk/article/view/15134
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author Muhammad Al Ikhwan Bintarto
author_facet Muhammad Al Ikhwan Bintarto
author_sort Muhammad Al Ikhwan Bintarto
collection DOAJ
description Cryptocurrency is the result of technological developments. The first cryptocurrency is bitcoin, introduced by Satoshi Nakamoto as a decentralized digital currency with a safe haven. Then over time, some countries recognized cryptocurrency as property are Netherlands, China, and others. Indonesia has classified cryptocurrency as a commodity. This study will discuss the legal views of property in Indonesian law regarding cryptocurrency. This study analyzed cryptocurrencies according to the material elements in Indonesian law, considering the classification of cryptocurrencies as commodities in Indonesia. This research applied a normative method with a statutory approach through primary and secondary legal materials, analyzed by descriptive analysis. This research found several material aspects in KUH Perdata that could be fulfilled in cryptocurrency. Law No. 19 of 2016 concerning Information and Electronic Transactions article 1 paragraph 2 mentions that Electronic transactions are legal acts carried out using a computer, computer network, or other media.
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spelling doaj.art-8e21e710a0224597ad6ee7fbcc18051e2022-12-22T02:43:02ZengUniversitas Muhammadiyah YogyakartaJurnal Penegakan Hukum dan Keadilan2746-09672721-656X2022-09-013210411310.18196/jphk.v3i2.151346195Cryptocurrency as a Digital Property in Indonesian Law PerspectiveMuhammad Al Ikhwan Bintarto0Master of Law, Universitas Muhammadiyah YogyakartaCryptocurrency is the result of technological developments. The first cryptocurrency is bitcoin, introduced by Satoshi Nakamoto as a decentralized digital currency with a safe haven. Then over time, some countries recognized cryptocurrency as property are Netherlands, China, and others. Indonesia has classified cryptocurrency as a commodity. This study will discuss the legal views of property in Indonesian law regarding cryptocurrency. This study analyzed cryptocurrencies according to the material elements in Indonesian law, considering the classification of cryptocurrencies as commodities in Indonesia. This research applied a normative method with a statutory approach through primary and secondary legal materials, analyzed by descriptive analysis. This research found several material aspects in KUH Perdata that could be fulfilled in cryptocurrency. Law No. 19 of 2016 concerning Information and Electronic Transactions article 1 paragraph 2 mentions that Electronic transactions are legal acts carried out using a computer, computer network, or other media.https://journal.umy.ac.id/index.php/jphk/article/view/15134cryptocurrencykuh perdataproperty
spellingShingle Muhammad Al Ikhwan Bintarto
Cryptocurrency as a Digital Property in Indonesian Law Perspective
Jurnal Penegakan Hukum dan Keadilan
cryptocurrency
kuh perdata
property
title Cryptocurrency as a Digital Property in Indonesian Law Perspective
title_full Cryptocurrency as a Digital Property in Indonesian Law Perspective
title_fullStr Cryptocurrency as a Digital Property in Indonesian Law Perspective
title_full_unstemmed Cryptocurrency as a Digital Property in Indonesian Law Perspective
title_short Cryptocurrency as a Digital Property in Indonesian Law Perspective
title_sort cryptocurrency as a digital property in indonesian law perspective
topic cryptocurrency
kuh perdata
property
url https://journal.umy.ac.id/index.php/jphk/article/view/15134
work_keys_str_mv AT muhammadalikhwanbintarto cryptocurrencyasadigitalpropertyinindonesianlawperspective