Abstract

This study aims to understand and examine the position of digital currency according to positive laws in Indonesia and to determine the Financial Services Authority's (OJK) protection against illegal digital currency investment activities in Indonesia. This research uses a normative research approach. The position of digital currency according to Positive Law in Indonesia is that digital currency in Indonesia is only considered a trade commodity under the supervision of the Commodity Futures Trading Regulatory Agency or Bappebti, as stipulated in Article 1 Number 7 of the Commodity Futures Trading Regulatory Agency Regulation Number 5 of 2019 concerning Technical Provisions for the Operation of Crypto Asset Physical Asset Markets on Exchanges. Therefore, digital currency cannot replace the national currency of the Republic of Indonesia, namely the Rupiah. The Financial Services Authority's (OJK) protection against illegal digital currency investment activities in Indonesia is carried out through two methods: preventive and repressive. Preventive measures involve issuing regulations and conducting socialization, while repressive measures involve imposing sanctions.

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