The Urgency of Appropriate Legal Regulations on Financial and Tax Aspects in Cryptocurrency Transactions in Indonesia Conie Pania Putri, Andri Trisna Eka Putra,Muhammad Aminuddin
Master of Law, Kader Bangsa University, Palembang, South Sumatera, Indonesia
Abstract
The increasing popularity of cryptocurrencies has raised concerns regarding their financial and tax implications in Indonesia. This research aims to explore the urgency of implementing appropriate legal regulations to address the financial and tax aspects of cryptocurrency transactions in the country. By analyzing existing laws, regulations, and scholarly literature, this study aims to provide valuable insights into the current state of cryptocurrency transactions in Indonesia and the potential consequences of inadequate legal frameworks. The research begins by examining the financial aspect of cryptocurrency transactions, focusing on issues such as transaction security, investor protection, and financial stability. It investigates the potential risks associated with unregulated cryptocurrency transactions and the need for legal safeguards to mitigate these risks. Furthermore, the study delves into the tax aspect of cryptocurrency transactions, analyzing the challenges of taxing cryptocurrencies and the implications for government revenue. Through a comprehensive analysis of relevant laws and regulations, this research emphasizes the significance of establishing an appropriate legal framework for cryptocurrency transactions. The findings of this study contribute to the ongoing discussions on the regulation of cryptocurrencies in Indonesia and provide recommendations for policymakers, regulators, and stakeholders in formulating effective legal measures.
