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Journal : LEGAL BRIEF

The Geoeconomics Analysis of the Digital Currency Law in El Salvador Yuliana, Lidia Eka; Iswardhana, Muhammad Ridha
LEGAL BRIEF Vol. 13 No. 3 (2024): August: Law Science and Field
Publisher : IHSA Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/legal.v13i3.1019

Abstract

 The exclusive reliance of El Salvador is on the utilization of US Dollars for its day-to-day financial transactions. The review conducted in this research adopts geoeconomics of analysis to delve into the policy implications of integrating digital currency in El Salvador. This nation being the pioneer in embracing digital-based currency as an official medium of exchange, operates as local currency at present. The methodology employed in this research involves a qualitative-descriptive approach coupled with the collection of secondary data. The findings of this study indicate that the utilization of digital currency presents a dual nature due to its volatile characteristics, encompassing numerous advantages as well as disadvantages. Owing to the resolute implementation right from the beginning, the initiative undertaken by El Salvador poses both advantages and risks with regard to the legalization policy concerning digital currency
Geopolitical Dimensions of Russia’s Control over the Peanut Hole in the Okhotsk Sea: Sovereignty and the Challenges of International Maritime Law Iswardhana, Muhammad Ridha
LEGAL BRIEF Vol. 14 No. 6 (2026): February: Law Science and Field
Publisher : IHSA Institute

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.35335/legal.v14i6.1588

Abstract

This research explores Russia’s geopolitical strategy in asserting control over the Peanut Hole in the Sea of Okhotsk, a strategically significant maritime area enclosed by Russia's Exclusive Economic Zone (EEZ). The research addresses the tension between Russia's sovereignty claims and international maritime law, particularly the United Nations Convention on the Law of the Sea (UNCLOS). This research examines the legal complexities and geopolitical implications of Russia's policy to extend its jurisdiction beyond the 200-nautical-mile limit, asserting exclusive rights over seabed resources while the waters above remain classified as high seas. The analysis critically evaluates Russia's motivations, including economic interests in vital resources like fish, oil, and gas, and the broader implications for global maritime governance. The study concludes that Russia's actions, while legally contentious, reflect a strategic effort to enhance its economic resilience and military influence in the region. This case studies found the evolving challenges in reconciling national sovereignty with international legal frameworks, offering valuable insights into maritime resource management and geopolitical power dynamics in the Asia-Pacific region