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Journal : LAW REFORM

Legal Construction of Crypto Assets as Objects of Fiduciary Collateral Mulyani, Sri; Mariyam, Siti; Trung Le, Hieu Hong
LAW REFORM Vol 19, No 1 (2023)
Publisher : PROGRAM STUDI MAGISTER ILMU HUKUM FAKULTAS HUKUM UNIVERSITAS DIPONEGORO SEMARANG

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.14710/lr.v19i1.52697

Abstract

Crypto assets have become the commodities traded on the Futures Exchange. Based on the data from the Ministry of Trade, the number of crypto asset investors in Indonesia will reach 11 million people by the end of 2021. The high level of crypto investment and public interest in crypto as a digital asset provide excellent opportunities for Indonesia's digital industry and economic growth. This research will discuss the use of crypto assets as objects of fiduciary collaterals and the legal framework used as a legal basis for crypto assets subject to fiduciary collaterals. The research methodology is normative juridical applied using a comparative approach to the laws in Indonesia and Vietnam because the rules regarding crypto assets in Vietnam are clearer. The data collected were secondary data, and the they were analysed using qualitative data analysis. The results of the study show that crypto assets are intangible movable objects that have economic value and can be transferred due to an agreement through each user's account so that conceptually crypto assets can be used as fiduciary collateral objects. However, considering that crypto assets are digital currencies cannot be predicted, legal protection for creditors holding crypto asset collaterals is still weak. In addition to the absence of regulations that specifically regulate crypto assets that can be used as objects of fiduciary collateral, there are also difficulties in execution, so there is a need for a construction legal umbrella that regulates crypto assets to be used as fiduciary collateral objects.
Co-Authors Al Humaidy, Muhammad Ali Amatillah, Zulfa Angin, Beatrice Perangin ani ani Annisa Eka Fitrianti, Annisa Eka Atmawidjaja, Rd. Heri Solehudin Atria, Pranedya AYUNINGRUM, NIKEN Azzahra, Siti Rahmah Betty Tresnawaty, Betty Caturiasari, Jennyta Damajanti, Heny Dede Wahyudin, Dede Dwi Poetri, Nadya Dwiyani Pratiwi Dzaljad, Rifma Ghulam Enny Afniyanti, Enny Farida Rahmawati Farradhillah, Septy Qurrotu Aini Febrianti, Ismaya Firmansyah, Moch. Fahmi Gunawan, Mukhlash Hasan, Farid Hazin, Muhammad Hidayat, Nabila Aurelia Indra Saputra Jati, Andina Aisyah Eka Johandri Iqbal Kartika Ratna Pertiwi Legowo, Mig Irianto Lestari, Reny Diah Magdalena, Ina Markus Suryoutomo Meraj, Mohammed Mohammad Ali Al Humaidy Mursito, Bambang Nadhira Handayani, Nadhira Nadiya N Afifah, Nadiya N Naf’an, Muhammad Aktsar Nora Meilinda Hardi, Nora Meilinda Nur Azizah, Mei Nurauliani, Hanifah Nurdiansyah Nurdiansyah Nurfadilah Nurfadilah Pamungkas, Catur Setya Dedi Putra Satria, Adhi Rahma Devi, Pradhita Rena Lestari, Rena Reza Mubarak Ridwan, Ridwan Rinjani, Nova Indri Roni Nugraha Syafroni Rosmana, Primanita Sholihah Rudy Gunawan Sartika, Ayu Saryana, Saryana Satria, Adhi Putra Sazabilla, Mutiara Tasya Septiani, Amalia Setiyowati Setiyowati Sofyan Iskandar, Sofyan Soraya, Rolin Sri Mulyani Sudarwati Sunarto Goenadi Syafinka, Azzaya Triyaningsih, Heny Trung Le, Hieu Hong Ulfa, Ika Mardiatul Unaenah, Een Uswatun Hasanah Wahyuningrum, Sri Rizqi Weningtyas, Zahra Wulandari, Meilina Novita Yockie Dheafithraza, Yockie Yogiarni, Tiara Yunita, Siti Marini