Trends and Prevention of Cryptocurrency-Based Money Laundering Crimes

In Indonesia, Cryptocurrency, on the one hand, is not recognized as a legal tender, so it does not have a legal umbrella, and the risk of its use is borne by the user himself. On the other hand, cryptocurrencies are included in the list of commodities that can be used as the subject of Futures Contracts traded on the Futures Exchange because, from their use, it is expected to make a positive contribution to futures trading in Indonesia. These two contradictory things of cryptocurrency regulation are then faced with a phenomenon called cryptocurrency-based TPPU. This study uses a descriptive method combined with a qualitative approach. The data in this study is primary data sourced from the results of interviews and data from the Metro Jaya Police, and the secondary data used to support the research is literature in the form of books, research journals and online scientific journal data. The data that has been collected is analyzed by data reduction methods and triangulation techniques. The location of the research is the Metro Jaya Police and the University of Indonesia Library. From this study, it is known that in Indonesia, there are no special rules governing this cryptocurrency-based anti-corruption, and there has been no cooperation between law enforcement for its prevention.

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Publication Details

Journal
Asian Journal of Engineering Social and Health
Published
2024-08-10
DOI
https://doi.org/10.46799/ajesh.v3i8.378
Citations
1
Primary Topic
Crime, Illicit Activities, and Governance
Type
article
Field-Weighted Citation Impact
1.13
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article

Trends and Prevention of Cryptocurrency-Based Money Laundering Crimes

Bondan Widiawan, Arthur Josias Simon Runturambi, Mohammad Nur Bobby Putra Yusra
1 citations
Asian Journal of Engineering Social and Health
Crime, Illicit Activities, and Governance
1.13
article

Trends and Prevention of Cryptocurrency-Based Money Laundering Crimes

Bondan Widiawan, Arthur Josias Simon Runturambi, Mohammad Nur Bobby Putra Yusra
article en
1 citations

Abstract

In Indonesia, Cryptocurrency, on the one hand, is not recognized as a legal tender, so it does not have a legal umbrella, and the risk of its use is borne by the user himself. On the other hand, cryptocurrencies are included in the list of commodities that can be used as the subject of Futures Contracts traded on the Futures Exchange because, from their use, it is expected to make a positive contribution to futures trading in Indonesia. These two contradictory things of cryptocurrency regulation are then faced with a phenomenon called cryptocurrency-based TPPU. This study uses a descriptive method combined with a qualitative approach. The data in this study is primary data sourced from the results of interviews and data from the Metro Jaya Police, and the secondary data used to support the research is literature in the form of books, research journals and online scientific journal data. The data that has been collected is analyzed by data reduction methods and triangulation techniques. The location of the research is the Metro Jaya Police and the University of Indonesia Library. From this study, it is known that in Indonesia, there are no special rules governing this cryptocurrency-based anti-corruption, and there has been no cooperation between law enforcement for its prevention.

Asian Journal of Engineering Social and HealthVol. 3(8)
University of Indonesia (ID)
Peace, Justice and strong institutions
Openalex Percentile: Top 18%
Crime, Illicit Activities, and Governance
1.13
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Trends and Prevention of Cryptocurrency-Based Money Laundering Crimes — Bondan Widiawan, Arthur Josias Simon Runturambi, et al. · Asian Journal of Engineering Social and Health (2024) | TGRS Research Map | TGRS