Abstract

Virtual Money emerge as payment instruments in recent years. Based on the report of the Indonesian NRA Team in 2015, virtual currecy such as Bitcoin consider as Tindak Pidana Pencucian Uang (TPPU) emerging threat because the use of Bitcoin in Indonesia has been developed as an alternative payment of property transactions, luxury vehicles, beverage and accommodation. The aim of this study is to analyze the potential use of virtual currency in money laundering and financing terrorism in Indonesia. The absence of regulatory and oversight authorities, the use of vulnerable virtual currency is used for illegal transactions, money laundering and terrorism financing. The conditions of such transactions can open up opportunities for fraud and crime in various forms that can harm society. In addition to the virtual currency that has a vagueness underlying asset for its value, speculative virtual currency transactions can pose a risk of bubble that not only harms the public but also potentially disrupts the stability of the financial system.

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