Legal Problems of Digital Assets Through a Legislative Approach

Abstract

New financial tools, like as cryptocurrencies, NFTs (Non-Fungible Tokens), and metaverse, have emerged in the 5.0 era of investing.Investors from around the world, including those from Indonesia, have started to show interest in this new investment product.There are legal issues that surface behind the hope for investment success in the 5.0 age.NFTs and the metaverse are not covered by Indonesian laws and regulations, which solely govern bitcoin market activities as commodity assets.One of the problems that occurs is the existence of different thoughts or concepts betweentr the government and the public in interpreting the essence of the three digital assets.In order to give actors engaged in investing in digital assets legal certainty, this study aims to examine and evaluate the effectiveness of the application of laws and regulations.It also aims to serve as a guide for legislators as to the substance of laws and regulations pertaining to investing in digital assets.In order to support this research, this study employs a qualitative research design with a juridical-normative approach.Finding a concept for legislation that can control digital asset investment activities in line with the stated goals of developing the law is the outcome of this research.Find the issue with the efficiency of current regulations next.