Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)

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Legal Problems of Digital Assets Through a Legislative Approach

Authors
Herman Fikri1, *, Rizki Fitri Amalia1
1Sumpah Pemuda College of Law, Palembang, Indonesia
*Corresponding author. Email: fikriherman1960@gmail.com1 Email: kikyherman9@gmail.com2
Corresponding Author
Herman Fikri
Available Online 31 December 2023.
DOI
10.2991/978-2-38476-180-7_59How to use a DOI?
Keywords
Investment in digital assets; cryptocurrencies; and NFTs (Non-Fungible Tokens)
Abstract

New financial tools, like as cryptocurrencies, NFTs (Non-Fungible Tokens), and metaverse, have emerged in the 5.0 era of investing. Investors from around the world, including those from Indonesia, have started to show interest in this new investment product. There are legal issues that surface behind the hope for investment success in the 5.0 age. NFTs and the metaverse are not covered by Indonesian laws and regulations, which solely govern bitcoin market activities as commodity assets. One of the problems that occurs is the existence of different thoughts or concepts betweentr the government and the public in interpreting the essence of the three digital assets. In order to give actors engaged in investing in digital assets legal certainty, this study aims to examine and evaluate the effectiveness of the application of laws and regulations. It also aims to serve as a guide for legislators as to the substance of laws and regulations pertaining to investing in digital assets. In order to support this research, this study employs a qualitative research design with a juridical-normative approach. Finding a concept for legislation that can control digital asset investment activities in line with the stated goals of developing the law is the outcome of this research. Find the issue with the efficiency of current regulations next.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
31 December 2023
ISBN
10.2991/978-2-38476-180-7_59
ISSN
2352-5398
DOI
10.2991/978-2-38476-180-7_59How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Herman Fikri
AU  - Rizki Fitri Amalia
PY  - 2023
DA  - 2023/12/31
TI  - Legal Problems of Digital Assets Through a Legislative Approach
BT  - Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
PB  - Atlantis Press
SP  - 556
EP  - 566
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-180-7_59
DO  - 10.2991/978-2-38476-180-7_59
ID  - Fikri2023
ER  -