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Disemadi, Hari Sutra
Universitas Internasional Batam
Religion Aerospace Engineering Agriculture, Biological Sciences & Forestry Arts Humanities Civil Engineering, Building, Construction & Architecture Computer Science & IT Decision Sciences, Operations Research & Management Economics, Econometrics & Finance Education Environmental Science Languange, Linguistic, Communication & Media Law, Crime, Criminology & Criminal Justice Library & Information Science Mathematics Social Sciences Other

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Journal : Hang Tuah Law Journal

 1 
Urgency of Cryptocurrency Regulation in Indonesia: The Preventive Action for Ransomware Crime Winnie Stevani; Hari Sutra Disemadi
Hang Tuah Law Journal April-September 2021
Publisher : Fakultas Hukum Universitas Hang Tuah

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.30649/htlj.v5i1.32

Abstract

Disruption is a double-edged sword since, in addition to facilitating digitization, it also serves as a target for cybercriminals to conduct their schemes. Cryptocurrency is a type of virtual currency that uses cryptography technology to enable digital transactions in cyberspace. Ransomware is one type of crypto crime that has increased in 2020 occurrences. More over, ransomware is a way for cybercriminals to make money by threatening victims with access limitations, data deletion, and data dissemination in exchange for a ransom payment. Furthermore, the government hasn't provided recognition and protection for its inhabitants, the creation of a legal vacuum (rechtsvacuum) in Indonesia surrounding cryptocurrency regulation is seen to be damaging to digital users. In light of these issues, the goal of this research is to assist the Indonesian authorities in comprehending the fundamental issues surrounding crypto crimes such as ransomware. Then, to assess the prospects of cryptocurrency as a virtual currency in Indonesia, the research technique employed is a normative juridical research method with a conceptual approach and law. This paper demonstrates that the crime of ransomware will hinder cyber law enforcement in Indonesia, resulting in a detrimental impact on economic development and vulnerability to cyberattacks that harm national security. As a result, if cryptocurrency stays in a legal void or ‘gray area’, governments must be aware and prioritize preventive actions against ransomware attacks and their consequences. This preventative step could take the form of regulating cryptocurrency in Indonesia as virtual money and block ransomware activity.
Co-Authors A Janurita Tenripada A Salman Maggalatung, A Salman Abdurrakhman Alhakim Abigail Natalia Bukit Ade Borami Ju Ade Borami Ju Adristy, Baiq Shefania Afifa, Zaynulia Agustianto Agustianto Agustianto, Agustianto Ahmad Alveyn Sulthony Ananda Ahmad Rofiq, Ahmad Ainabila, Salsa Siti Aini Rahmadani Alhakim, Abdurrakhman Ampuan Situmeang Anak Agung Istri Sri Wiadnyani Anakotta , Marthsian Yeksi Anastasya Pakpahan Anastya Putri Andarini, Retno Ang Terina Angel Tng Angelica Cleryn Cesy Ani Purwanti Appludnopsanji Appludnopsanji Arief Afdala Pratito Arwa Meida Aninda Asep Syarifuddin Hidayat, Asep Syarifuddin Asiyah Jamilah Attamimi, Zeehan Fuad Auralita, Lala Aurelia, Jennifer Ayen Sephia Dhani Ayudistira Amanda Ayunda, Rahmi Azahrah, Wahida Barda Nawawi Arief Calvin Calvin Chairunnisa Chairunnisa Chornelia Ruth Lakalapai Chutia, Upankar Cindy Anggelia Cindy Kang Cindy Meissa Jovanka Sihotang Cory Bill Garden Nababan Cynthia Putri Guswandi Dandy Satyahadi Danial Gomes Dedi Jaya Defi Arika Delfi Aurelia Kuasa Delvin Delvin Denis Oxy Handika Denny Denny Denny Prasetyo Dhani, Ayen Sephia Diba, Nabilah Farah Dwi Budi Santoso Dwiki Surya Pratama Efin Efin Erni Erni Febby Amanda Pakpahan Febriyani, Emiliya Fientery Fientery Fiqqih Anugerah Fitri, Winda Fitri, Winda Fransisca Kewa Qua Garcia, Virginia Girsang, Junimart Gomes, Danial Gubanov, Konstantin Hakim, Teja Maulana Handika, Denis Oxy Hanifah Ghafila Romadona Hendryani Hendryani Heni Utari Setianingrum Henry Soelistyo Budi, Henry Soelistyo Hutauruk, Rufinus Hotmaulana Ilena Nurpavitia Indra Afgha Anjani Irwan Sugiarto Jacelyn Jacelyn Jamilah, Asiyah Jaya, Nyoman Serikat Putra Jerryen, Jerryen Jeslin Jeslin Jessca Jessca Jessca, Jessca Jessica Sim Joel Jordan Tobing Jonkarlo, Edson Junior Ikhlas Kang, Cindy Karim, Justin Joy Kartika Sasi Wahyuningrum Kelvin Jonatan Kendry Tan Khelvin Risandi Kholis Roisah Kurniawan, Syukri Lau, Suryasan Lee, Michelle Lidia Kando Br Gea Lie, Cindie Lu Sudirman Lu Sudirman Lu Sudirman Lu Sudirman Lu Sudirman Lu Sudirman M. Rahmat Hidayat Mahfudzotin Nikmah Malau, Hotmaulina Manurung, Kevin John Paul Marsellia, Dini Marsudi, Irvan Ricardo Mawarni Mawarni Mawarni Mawarni Melani Melani Merizqa Ariani Metta Noviani Muhammad Deovan Reondy Putra Muhammad Deovan Reondy Putra Muhammad Ikhsan Kasturi Muna Ulya Mustamin, Wiranto Nadia Carolina Weley Nadia Carolina Weley Nadia Carolina Weley Nadia Lysion Naila Mataya Dinanthi Ninne Zahara Silviani Nisa Nurfitri Nopiana Nopiana Novi Wahyu Riwayanti Novi Wira Sartika Zebua Novika, Giofanni Dian Novit Cahyesi Duha Nur Rochaeti, Nur Nurfitri, Nisa NURLAILY, NURLAILY Nurul Istiqomah Nyoman Serikat Putra Jaya Oda Ignatius Besar Hariyanto, Oda Ignatius Besar Olivia, Devrina Oshin Maretha Napitupulu Paramita Prananingtyas Park, Jihyun Pramudya Wardhana, Raka Pratama, Angkat Poenta Puteri Ariesta Nadia Putra Jaya, Nyoman Serikat Putri, Arya Salsabila Auliana Putri, Tasya Raehan Annisa Putunezar, Shaeku Rafif Shagufta Rahman, Maria Puteri Rahmi Ayunda Raihan Radinka Yusuf Ranty Angriyani Harahap Regent Regent, Regent Reni Putri Anggraeni Revlina Salsabila Roselvia Rifqi Arrafif Rindiyani, Monica Romadona, Hanifah Ghafila Royce, Charles Rudolf Haiti Rufinus Hotmaulana Hutauruk Rufinus Hotmaulana Hutauruk Rusdiana, Shelvi Ryan Wijaya, Ryan Sahuri Lasmadi Satyahadi, Dandy Selina, Selina Shaleh, Ali Ismail Sholahuddin Al-Fatih Sihombing, Dame Afrina Silviani, Ninne Zahara Sirait, Regina Ulianna Situmeang, Ampuan Situmeang, Ampuan Sofia Sofia, Sofia Stan ley Stefanus Imanuel Malik Steven Steven Sudirman, Lu Sudirman,, Lu Sujati Winata, Agung Sulastri Sulastri Suryasan Lau Syasya Tri Puspita Dewi Syukri Kurniawan Tampubolon, Theresia Tan, David Tan, Kendry Tan, Sebastian Tan, Winsherly Tania, Stephanie Taniady, Vicko Tobing, Joel Jordan Tomi Suhendra Pardede Trifena Pang Udu, Jericho Velany Kosasih Verlina Verlina Vicko Taniady Weley, Nadia Carolina Wilton Goh Winarso, Teguh Winda Fitri Windi Afdal, Windi Winnie Stevani Yongkie Yongkie Yunus, Nur Rohim Yusro, Mochammad Abizar Yusuf, Raihan Radinka Zakiyah, Ninik