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DEVISING AN INDONESIAN LEGAL ARCHITECTURE FOR METAVERSE BANKING: CHALLENGES AND OPPORTUNITIES Kristianus Jimy Pratama
Journal of Central Banking Law and Institutions Vol. 2 No. 1 (2023)
Publisher : Bank Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.21098/jcli.v2i1.48

Abstract

The objective of this research is to correct misconceptions about the metaverse and metaverse banking, as well as to refute national legal perspectives on metaverse banking. It is designed to also shed some light on challenges and opportunities connected to the plan of legal architecture on metaverse banking along with its supervision and enforcement mechanisms. Metaverse banking consists of banking activities in the metaverse ecosystem. Due to the rapid development of metaverse banking on a global level and unresponsive national regulations to govern it, there is no adequate legal regulation for this activity in Indonesia. The research method is normative through literature study. This research findings illustrate persistent errors about the concept of metaverse banking including the national legal authority’s perspective on the substance of regulation. The results also show that challenges and opportunities exist for devising a legal architecture on metaverse banking accompanied by a mechanism for supervision and dispute resolution. This research contributes to as well as serves as one of the references for study on metaverse banking in Indonesia
FULL E-BOOK INDONESIAN LAW JOURNAL VOLUME 15 N0. 2, 2022 Kristianus Jimy Pratama; Tatu Aditya; Cahyoko Edi Tando; Muhammad Arief Adillah
Indonesian Law Journal Vol. 15 No. 2 (2022): Indonesian Law Journal Volume 15 No. 2, 2022
Publisher : Badan Pembinaan Hukum Nasional Kementerian Hukum Republik Indonesia

Show Abstract | Download Original | Original Source | Check in Google Scholar | DOI: 10.33331/6t7m9r39

Abstract

The 2022's second edition of Indonesian Law Journal Volume 15 has been published. The discussion topic of this edition is Dynamics and Development of Investment Law in The Digital Age. This edition presents 3 (three) articles and a book review from authors with various backgrounds. Please enjoy reading as we hope these article in our Journal are beneficial and constructive towards the development of national law.