The Analysis of Cryptocurrency as a Public Investment Tool in Indonesia

Review of Literature Studies

Authors

  • Leonardo Siahaan Universitas Negeri Medan
  • Rizka Muliani Universitas Negeri Medan
  • Sahala Manatap Simbolon Universitas Negeri Medan
  • Rezeky Tua Siagian Universitas Negeri Medan
  • Hasyim Universitas Negeri Medan

DOI:

https://doi.org/10.55927/crypto.v2i2.7008

Keywords:

Cryptocurrency, Invesment, Legality

Abstract

Cryptocurrency is an asset as digital currency for digital transactions. People use cryptocurrencies as investments. Cryptocurrency is a type of high-risk investment but has a lot of public demand for these assets. Apart from that, cryptocurrency can be a source of crime by irresponsible individuals because it cannot be controlled by anyone. This research aims to analyze cryptocurrency as an investment tool and the legality of cryptocurrency as an investment tool in Indonesia. This type of research method is research using a normative approach with qualitative methods. The data source is public secondary data originating from reputable articles. The results of the discussion in this article are that cryptocurrency as an investment tool is a high-risk investment that must be based on demand and supply in the crypto asset market. Cryptocurrency can provide large profits and losses depending on the number of people who transact on crypto assets. Crypto legality and regulations are really needed as a form of legal protection by the state so that people don't get caught in crypto fraud. There are many crypto assets that are legalized by the government and promised by crypto exchanges.

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Published

2023-12-12

How to Cite

Siahaan, L., Muliani, R. ., Simbolon, S. M. ., Siagian, R. T. ., & Hasyim. (2023). The Analysis of Cryptocurrency as a Public Investment Tool in Indonesia: Review of Literature Studies. Indonesian Journal of Accounting and Financial Technology, 2(2), 135–142. https://doi.org/10.55927/crypto.v2i2.7008