Legality of Indonesian Cryptocurrency Trading in the Era of Globalization


  • Firmansyah Sebelas Maret University
  • Yudho Taruno Muryanto Sebelas Maret University



Cryptocurrency, Legality, Investors


The rapid development of cryptocurrencies does not rule out the possibility of criminal activity. Crypto currency developers seize investors' assets, causing investors to lose their assets, which is commonly known as "rug pull". Therefore, this research aims to analyze the legality of cryptocurrencies based on the regulations in force in Indonesia and the legality of cryptocurrency exchanges in Indonesia. The type of research method used in this research is normative legal research, by studying the laws and regulations in force in Indonesia, the opinions of ulama, and legal theories, using conceptual methods and approaches through statutory regulations, and using legal materials. collected through literature research, and by improving the law Clarifying the requirements for cryptocurrency as an investment vehicle in Indonesia, using legal material processing techniques.


Specificity, P., Business, H., Law, F., & Udayana, U. (2011). Legal protection of investment activities using. 1–15.

Kelly, B. (2018). The Bitcoin Big Bang. Elex Media Komputindo.

Nitha, D. A. F., & Westra, I. K. (2020). Cryptocurrency Investment Based on CoFTRA Regulation No. 5 of 2019. Udayana Master of Law Journal, 9(4), 712.

Novita Sari. (2018). Legality of Bitcoin as a Transaction Tool According to Law Number 7 of 2011 concerning Currency. 7, 1–18.

Parikshit, R. (2020). Buying and Selling Using Bitcoin According to Islamic Law. University August 17, 1945.

Rahardja, U., Aini, Q., Yusup, M., & Edliyanti, A. (2020). Application of Blockchain Technology as a Media for Securing E-Commerce Transaction Processes. CESS (Journal of Computer Engineering, Systems and Science), 5(1), 28.

Sam, Y. A. B. L., Hutapea, M. R. M., & Setiawan, S. (2022). Legality of Cryptocurrency in Money Laundering Crimes. Journal of Legal Studies, 18(1), 108–120.

Syamsiah, N. O. (2017). Study of Cryptocurrency as a Means of Payment in Indonesia. Indonesian Journal on Networking and Security, 6(1), 53–61.

Wijaya, F. N. A. (2019). Bitcoin as A Digital Asset in Electronic Transactions in Indonesia (Study at PT. Indodax Nasional Indonesia). Journal




How to Cite

Firmansyah, & Muryanto, Y. T. (2024). Legality of Indonesian Cryptocurrency Trading in the Era of Globalization. International Journal of Sustainability in Research, 2(3), 277–282.