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Journal : JURNAL ILMIAH GLOBAL EDUCATION

Synchronization of Bitcoin Regulations in the Indonesian Legal System Sinlae, Ayu Septyani Bellandina; Gorda, AAA. Ngurah Tini Rusmini; Sudharma, Kadek Januarsa Adi
Jurnal Ilmiah Global Education Vol. 7 No. 1 (2026): JURNAL ILMIAH GLOBAL EDUCATION
Publisher : LPPM Institut Pendidikan Nusantara Global

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.55681/jige.v7i1.5315

Abstract

This study examines the legal status of Bitcoin in Indonesia from the perspective of regulatory synchronization between regulatory institutions, namely Bank Indonesia, the Financial Services Authority (OJK), the Commodity Futures Trading Regulatory Agency (Bappebti), and the Ministry of Trade. The study highlights Bitcoin's striking dual status: while Bank Indonesia expressly prohibits its use as a means of payment under Law No. 7 of 2011 concerning Currency to maintain the sovereignty of the Rupiah, the government, through Bappebti, recognizes Bitcoin as a digital commodity that can be legally traded on futures exchanges. This regulatory asymmetry among these institutions not only leads to overlapping authority but also creates significant legal uncertainty for digital asset market players, weakens consumer protection efforts, and opens up loopholes for potential abuses such as money laundering and terrorism financing. This study uses a normative legal method with a statutory approach to analyze the hierarchy of norms, a conceptual approach to clarify ambiguous terminology, and a comparative legal approach to map the best regulatory models from developed jurisdictions such as Japan and Singapore. The results show that Bitcoin regulation in Indonesia has not been harmonious due to the lack of binding cross-institutional legal norms. Despite significant changes with the transfer of digital asset oversight to the Financial Services Authority (OJK) in January 2025, regulatory synchronization remains a challenge. The creation of a National Digital Asset Law as a lex specialis to integrate monetary, trade, and financial oversight functions, as well as the establishment of a coordinating body such as the National Crypto Regulatory Board (NCRB), is needed to create a unified digital asset legal system that adapts to technological developments.
Co-Authors A.A. Ayu Intan Puspadewi Abd. Rasyid Syamsuri Adhitya, Sang Putu Dimas Adhyaksa, Ni Kadek MeiIy Adibah, Mawar Farah Agus Putu Abiyasa Anak Agung Alit Satya Prananda, S.H. Anak Agung Ayu Intan Puspadewi Anak Agung Ayu Ngurah Sri Rahayu Gorda Andiniyanti, Dela Angelo, Michael Aninda Allayna Sururi Irawan Anindia Putri, Adinda Trisya Antari, Putu Eva Ditayani Ardi Prabasari, Ni Kadek Dhea Ari Rama, Bagus Gede Arista Putri, Putu Della Artami, Ida Ayu Ketut Artha, Putu Anggi Abelia Asefa, Rahel Ayu Meiranda Bagus Gede Ari Rama Budiana, I Nyoman Dana, I Kadek Prajadwiva Baskara Desak Putu Widiati Dewa Ayu Putri Sukadana Dewa Ayu Yeni Asmari Dewi, Ni Putu Sukma Dheanatul Islamiyyah Diah Pitaloka, Ni Kadek Intan Fernanda, Bagus Hoiru Finezea, Senja Firdaus, Angelica Deftari Firdaus Gorda, A.A.A. Ngr Sri Rahayu Gorda, AAA. Ngurah Tini Rusmini I Gede Agus Kurniawan I Gusti Agung Ayu Valencia Mutiara Putri I Gusti Ayu Eviani Yuliantari I Gusti Ayu Julia Maharani I Kadek Widi Pranajaya I Komang Trisna Sugiarta I Made Wiray Darma I Ngurah Made Arya Putrawan Sudana I Putu Edi Rusmana Ida Bagus Agung Andhika Putra Irlanda, Astrina Putri jesslyn, chlaresta Kadek Julia Mahadewi Komang Ratih, Dewa Ayu Kurniawan, Komang Suputra Luh Febby Liamitha Made Widya Prasasti Manik Mas, Made Nitya Amanda Putri Mario Binsar Martua Sihombing Mas Tri Wulandari, Ni Gusti Agung Ayu Ni Kadek Marlita Erdiana Putri Ni Ketut Elly Sutrisni, Ni Ketut Elly Ni Komang Nayati Sukma Dewi Ni Luh Mita Juniari Ni Made Diah Karisma Rustanti Ni Made Tiara Chandradita Ni Nyoman Nadiari Ni Nyoman Sri Wisudawati Ni Putu Eva Ditayani Antari Ni Putu Sawitri Nandari Ni Putu Winda Trisna Utami Nur Shadrina, Salsabila Pidada Rurus, Ida Ayu Tyara Pipin Carolina BR Barus Pramana, Putu Arya Aditya Putra, I Gede Ryan Mahendra Putra, I Nyoman Arya Sutaprawira Putra, Komang Satria Wibawa Putri Ramadhani, Faradhina Zahra Putri, A.A.Sg. Manik Maharani Putri, I Gusti Agung Ayu Valencia Mutiara Putri, Kesari Pringga Juwita Sedana Putu Adi Saskara Putra Putu Ngurah Dhimas Pratama Sanjaya Rachella, Baby Satrio Wahyu Sri Pamungkas Shadrina, Salsabila Nur Sinlae, Ayu Septyani Bellandina Soenartha, Kevin Varrisco Christoven Sompie, Rebecca Mirella Sukadana, Dewa Ayu Putri Utami, Antin Ekaningtyas Widhar Vaisile Moisa, Robert Widiawan, I Putu Arya Restu Wijaya, Gst. Ngr. Pt. Arya Kusuma ⁠Anak Agung Ayu Intan Puspadewi