Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)

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The Urgency of Appropriate Legal Regulations on Financial and Tax Aspects in Cryptocurrency Transactions in Indonesia

Authors
Conie Pania Putri1, *, Andri Trisna Eka Putra1, Muhammad Aminuddin1
1Master of Law, Kader Bangsa University, Palembang, South Sumatera, Indonesia
*Corresponding author. Email: coniepania79@gmail.com
Corresponding Author
Conie Pania Putri
Available Online 31 December 2023.
DOI
10.2991/978-2-38476-180-7_34How to use a DOI?
Keywords
Cryptocurrency; Financial Aspect; Legal Regulation; Tax Aspect
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.

Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
Series
Advances in Social Science, Education and Humanities Research
Publication Date
31 December 2023
ISBN
10.2991/978-2-38476-180-7_34
ISSN
2352-5398
DOI
10.2991/978-2-38476-180-7_34How to use a DOI?
Copyright
© 2023 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Conie Pania Putri
AU  - Andri Trisna Eka Putra
AU  - Muhammad Aminuddin
PY  - 2023
DA  - 2023/12/31
TI  - The Urgency of Appropriate Legal Regulations on Financial and Tax Aspects in Cryptocurrency Transactions in Indonesia
BT  - Proceedings of the International Conference on “Changing of Law: Business Law, Local Wisdom and Tourism Industry” (ICCLB 2023)
PB  - Atlantis Press
SP  - 305
EP  - 316
SN  - 2352-5398
UR  - https://doi.org/10.2991/978-2-38476-180-7_34
DO  - 10.2991/978-2-38476-180-7_34
ID  - Putri2023
ER  -