Journal of Social Research
Vol. 5 No. 5 (2026): Journal of Social Research

Legal Protection for Cryptocurrency Holders as a Means of Conducting Transactions in the Digital Age

Robby, Robby (Unknown)
Setiawan, Puguh Aji Hari (Unknown)
Iryani, Dewi (Unknown)



Article Info

Publish Date
27 Apr 2026

Abstract

The problem in this research is about the binding power of the use of cryptocurrencies in electronic business transactions as a medium for buying and selling transactions. Meanwhile, money in Islam is the same as the currency that is determined in the policy in Indonesia, namely it has value, is generally accepted, and has a certain type that has been determined. In addition, what is called a legal medium of exchange is only recognized as an asset, not a legal currency in Indonesia. This research uses a normative legal (library-based) approach with a statute approach to analyze legal regulations for crypto asset owners in conducting digital transactions in Indonesia. Based on the results of the research, it is known that there are differences between policy provisions electronic transactions and currency laws as well as the provisions of the Civil Code. The difference that exists occurs in business transactions using cryptocurrencies as currency in buying and selling transactions in the digital era using the internet network. The use of crypto does not have binding force in even though the terms and pillars of the agreement have been met. because it still contains elements of gharar, dharar and qimar in accordance with the opinions of the scholars and hasik of the 7th MUI Ijtima Ulama Year 2021.  Therefore, their use as a medium of exchange is considered prohibited and lacks legal protection under Indonesian law.

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Journal Info

Abbrev

ijsr

Publisher

Subject

Humanities Computer Science & IT Economics, Econometrics & Finance Education Social Sciences

Description

The Journal of Social Research is a double blind peer-reviewed academic journal and open access to social and scientific fields. The journal is published monthly by International Journal Labs. The Journal of Social Research provides a means for sustained discussion of relevant issues that fall ...