Legality of cryptocurrency in Indonesia / Gunawan Widjaja

Widjaja, Gunawan (2019) Legality of cryptocurrency in Indonesia / Gunawan Widjaja. Advances in Business Research International Journal (ABRIJ), 5 (2(S)). pp. 76-80. ISSN 2462-1838


The existence of cryptocurrency has attracted controvercies world wide. Many people, including Indonesian, had benefit from cryptocurrency, meanwhile there were also more people suffered lost from “investment” in cryptocurrency. The aim of this research was to make clear the legal status of cryptocurrency in Indonesia. This research was a normative legal research. It conducted literature review to obtain the required data. Data obtained and used in this research were secondary data, which consisted of primary, secondary and tertiary legal documents. Data obtained from literature review were analysed using normative comparative method with qualitative approach. The result proved that as currency, the existence of cryptocurrency for payment was legally prohibited. The involvement of Indonesian citizen in the “investment” in form of crytocurrency can be treated as against public policy even though the issuance of such cryptocurrency was subject to foreign applicable laws.


Item Type: Article
Email / ID Num.
Widjaja, Gunawan
Subjects: H Social Sciences > HG Finance > Investment, capital formation, speculation
Divisions: Universiti Teknologi MARA, Shah Alam > Faculty of Business and Management
Journal or Publication Title: Advances in Business Research International Journal (ABRIJ)
UiTM Journal Collections: UiTM Journal > Advances in Business Research International Journal (ABRIJ)
ISSN: 2462-1838
Volume: 5
Number: 2(S)
Page Range: pp. 76-80
Keywords: Financial technology, Blockchain, Cryptocurrency
Date: 2019
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