1Bagus Rahmanda, 2Moh. Asadullah Hasan Al Asy'arie, 3Mohamad Adrian Akbar
1,2,3Faculty of Law, Diponegoro University, Jalan dr Antonius Suroyo, Tembalang, Semarang City, Central Java, 50275, Indonesia
DOI : https://doi.org/10.47191/ijmra/v7-i04-41Google Scholar Download Pdf
ABSTRACT:
Developments in financial technology continue to produce various new products, especially those related to investment in digital assets, or crypto assets. This study investigates the issue of consumer protection under Law No.8/1999 in crypto asset investment. This research uses normative juridical research methods. Juridical aspects such as theories, norms and regulations relating to investment in crypto assets are obtained from literature, books, online media and other sources related to the research subject, namely consumer protection against investment activities in crypto assets. This study tries to explain what reasons are driving the change and urges the government to create new, stricter regulations to protect crypto asset investors.
KEYWORDS:rug pull, consumer protection, cryptocurrency.
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23) CNN Indonesia. (2023, July 28). List of 23 Companies Registered on the Indonesian Crypto Exchange. 1.
24) Dhimas Candra Andrianto. (2022). Legal Protection and Taxation for Cryptocurrency Investors in Indonesia. 22(1), 140. https://doi.org/10.33087/jiubj.v22i1.2014
25) Live Mardhiyah. (2016). Investment According to an Islamic Economic Perspective. Ikonomika: Journal of Islamic Economics and Business, 1(1), 66–78.
26) Intan Rakhmayanti Dewi. (2022). Let's Understand! These are the Crypto Money Rules in Indonesia (p. 1) [Website article]. CNBC. https://www.cnbcindonesia.com/tech/20220221193053-37-317132/biar-paham-ini-aturan-uang-kripto-di-indonesia
27) Kamaluddin. (2021). Legal Protection in Electronic Contracts in E-Commerce. Journal of Information Horizons, 1(1), 1–14.
28) Ministry of Trade of the Republic of Indonesia. (2019). Crypto Assets crypto assets. Commodity Futures Trading Supervisory Agency.
29) Khan, Abdul Ghaffar, Amjad Hussain Zahid, Muzammil Hussain, & Usama Riaz. (2019). Security of Cryptocurrency Using Hardware Wallet and QR Code. 3rd International Conference on Innovative Computing, ICIC, 1–11. https://doi.org/10.1109/ICI- C48496.2019.8966739
30) Kholijah, S., Permatansari, E., & Fatimah, S. (2022). Online Investment (Cryptocurrency) in Indonesia (Viewed from the Aspect of Islamic Law and Protection for Investors as Consumers). EKSYDA: Journal of Sharia Economic Studies, 3(1), 90–104.
31) Kurnia, A. & Sumadi, P. (2018). The use of Bitcoin as a means of payment is based on Law No. 7 of 2011 concerning Currency. Kertha Semaya: Journal of Legal Studies, 1(1), 1–14.
32) Kyriazis, Nikolaos A. (2019). A Survey on Empirical Findings about Spillovers in Cryptocurrency Markets'. Journal of Risk and Financial Management, 12(4), 1–17. https://doi.org/10.3390/jrfm12040170
33) Muhammad, A. (2004). Law and Legal Research. PT. Aditya Bakti's image.
34) Muh. Aspar, MLC in. (2015). Legal Research Methods. November Nineteenth University, 15.
35) Novina Putri Bestari. (2022, June 17). What about you, Mas Anang Hermansyah, about the fate of the ASIX Crypto Token? CNBC Indonesia. https://www.cnbcindonesia.com/tech/20220607094521-37-344872/gimana-nih-mas-anang-hermansyah-nasib-token-kripto-asix
36) Novina Putri Bestari. (2022, December 27). The Price of Asix Anang Tokens That Used to Be Exciting Approaching the End of the Year. CNBC Indonesia, 1.
37) No wonder Slow Rock. (2010). Futures Trading: Futures Trading. PT. Elex Media Komputindo.
38) Prasetyo, AS & Latumahina, RE (2022). VALIDITY OF CRYPTOCURRENCY IN INVESTMENT MEANS IN INDONESIA. Bureaucracy Journal: Indonesian Journal of Law and Social-Political Governance, 3(1), 204–214. https://doi.org/10.53363/bureau.v3i1.175
39) Saefudin & Riza Laely Ikayanti. (2014). Protection of E-Commerce Consumer Rights in the Perspective of Indonesian Positive Law and International Conventions. Rule of Law, 3(1), 63–84.
40) Weny Cintia Dewi. (2023). Cryptocurrency Development in 2023: Implications for the Conventional Financial System. Circle Archive, 1(2).
Volume 07 Issue 04 April 2024
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