This study examines legal voids in Indonesia's criminal law regarding decentralized finance and crypto-related crimes, indicating the need for comprehensive regulations.
Key Points
The current legal framework is inadequate, failing to address the unique characteristics of crypto-related crimes effectively.
Existing criminal law instruments, including the ITE Law and money laundering regulations, do not cater to the complexities of digital assets.
Crimes in the crypto ecosystem are often anonymous and cross-jurisdictional, complicating law enforcement efforts.
Legal uncertainty in the growing crypto space hampers victim protection and weakens the state's response to digital threats.