The International Journal of Financial Systems
Vol. 2 No. 1 (2024)

The Impact of the Law No 4/2023 on the Development and Strength of the Financial Sector (P2SK): Is Crypto Getting Brighter?

Eri Puspita, Rosana (Unknown)
Iskandar, Iskandar (Unknown)
Tandio, Tjondroargo (Unknown)

Article Info

Publish Date
29 Nov 2024

Abstract

This study aims to analyze crypto market conditions so they can formulate policy recommendations for OJK. Crypto market conditions were observed using a netnographic approach, using a total sample of 6,267 netizen comments. Data was extracted with NAWALA software, processed with NVIVO, and policy selected with MULTIPOL. The results show a better dynamic in the crypto market development in Indonesia after the issuance of the Law, even though many dynamics still occur. This study suggests that the Financial Services Authority (OJK) take different policies in 2024, 2025, and 2026 in supporting the development of crypto assets.

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Journal Info
The International Journal of Financial Systems
Website

Abbrev

ijfs

Publisher

Otoritas Jasa Keuangan

Subject

Economics, Econometrics & Finance

Description

Financial systems form the backbone of modern economies, comprising a complex network of institutions, markets, regulations, and instruments that facilitate the efficient allocation of resources, risk management, and economic growth. Given the increasingly interconnected nature of our global ...