Legal Protection For Leasehold Investors In Bitcoin-Based Property Transactions In Indonesia

Nyoman Novina Triastuti; A.A. Gd. Oka Wisnumurti; Ni Komang Arini Styawati

doi:10.38142/pjlel.v4i3.1909

Authors

Nyoman Novina Triastuti Universitas Warmadewa, Indonesia
A.A. Gd. Oka Wisnumurti Universitas Warmadewa, Indonesia
Ni Komang Arini Styawati Universitas Warmadewa, Indonesia

DOI:

https://doi.org/10.38142/pjlel.v4i3.1909

Keywords:

Cryptocurrency, Leasehold, Investor Protection

Abstract

This study examines the legal regulation of property transactions using a leasehold scheme with Bitcoin and the legal protection available for investors involved in such transactions in Indonesia. The research addresses the issue of legal certainty regarding the use of Bitcoin in property investment activities and the protection mechanisms available for investors when disputes arise. This research employs a normative legal research method by analyzing statutory regulations, legal concepts, and relevant cases through statute, conceptual, and case approaches. The analysis focuses on existing legal frameworks governing cryptocurrency transactions and property rights within the Indonesian legal system. The results show that cryptocurrency, including Bitcoin, cannot be used as a legitimate payment instrument in Indonesia; however, it can function as a tradable digital commodity and investment asset within the framework of commodity futures trading. Consequently, property investment transactions involving Bitcoin may still be structured through contractual agreements that comply with general principles of contract law. The study concludes that legal protection for investors can be provided through both preventive and repressive mechanisms under relevant laws and regulations, although clearer regulatory frameworks are still needed to ensure stronger legal certainty in property transactions involving cryptocurrency in Indonesia.

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