Blockchain is a revolutionary concept in information technology that allows the creation and storage of data in a decentralized and encrypted manner. However, blockchain is still a new system in the economic world, so it is necessary to ensure that this technology complies with Sharia standards. In this case, the Compilation of Sharia Economic Law is an essential guideline in Sharia economics in Indonesia because it provides legal certainty, regulatory standards, and consumer protection and supports the development of Sharia finance. This article was written to provide an overview of the opportunities for utilizing blockchain technology in the economic sector from a KHES perspective. The method used is library research, a normative juridical approach, by analyzing documents and information related to the study problem. The results show that KHES articles suit the blockchain character, some of which are articles 21, 179-180, 200, 413, and 577. However, an in-depth analysis is needed regarding the principles of Sharia and the need for a fatwa. Apart from that, it is essential to make clear regulations by the government and government authorities regarding the use of blockchain technology. With proper regulations, blockchain can become helpful in developing the Sharia economy. Abstrak Blockchain adalah konsep yang revolusioner dalam teknologi informasi yang memungkinkan pembuatan dan penyimpanan data secara terdesentralisasi dan terenkripsi. Keunggulan utama dari blockchain adalah transparansi dan keamanan. Kendati demikian, blockchain tetaplah system baru dalam dunia ekonomi, sehingga perlu dipastikan jika teknologi ini sesuai dengan standar syariah. Dalam hal ini, Kompilasi Hukum Ekonomi Syariah menjadi pedoman penting dalam ekonomi syariah di Indonesia karena memberikan kepastian hukum, standar regulasi, perlindungan konsumen, dan dukungan pengembangan keuangan syariah. Artikel ini ditulis untuk memberikan gambaran mengenai konsep blockchain dan peluang pemanfaatan teknologi blockchain di bidang ekonomi dalam perspektif KHES. Metode yang digunakan adalah library research, pendekatan normatif yuridis. Tahapan dalam penelitian ini, meliputi: pengidentifikasian secara sistematik, serta analisis dokumen dan informasi yang berkaitan dengan masalah kajian. Hasil menunjukkan terdapat pasal KHES yang sesuai karakter blockchain, beberapa diantaranya: pasal 21, pasal 179-180, Pasal 200, Pasal 413 dan Pasal 577. Meski demikian, dibutuhkan analisis mendalam terkait prinsip kepatuhan syariah dan perlu adanya fatwa khusus. Selain itu, penting dibuatnya regulasi yang jelas oleh pemerintah dan otoritas keuangan mengenai penggunaan teknologi blockhcain. Dengan regulasi yang tepat, edukasi yang memadai, dan penilaian dari ahli syariah, blockchain dapat menjadi alat yang sangat berguna dalam mengembangkan ekonomi syariah yang lebih adil dan transparan.
This study explores the evolving landscape of cryptocurrency taxation in Indonesia, focusing on regulatory developments and challenges. Tracing the trajectory from the introduction of Bitcoin in 2009 to the establishment of a formal crypto exchange in 2023, this research emphasizes the government's commitment to regulate and facilitate crypto asset trading. Despite this progress, challenges such as regulatory uncertainties, security concerns, necessitating a profound understanding of cryptocurrency dynamics to navigate the global financial landscape. This research focuses on exploring Indonesia's regulatory response, particularly in taxation, employing a qualitative descriptive methodology that integrates primary data from legal frameworks and secondary data through literature reviews, document analyses, and interviews with cryptocurrency traders and tax officials. This study contributes not only to academic discourse but also provides insights for fostering the growth of the cryptocurrency ecosystem while managing potential tax-related risks.
The Globalization system has had a huge impact on modern society, especially in the fields of science, technology, information and communication, all of which are developing rapidly. The most famous currency is Bitcoin or cryptocurrency. Because there are now no clear boundaries and no recognition of the existence of cryptocurrencies in Indonesia, these cryptocurrencies are facing a number of polemics regarding their use throughout the world, including in that country. The debate over whether Bitcoin is halal or haram in Islam continues among scholars who study the Koran, hadith, ijma and other Islamic books. One important area of expertise in the world of information security is cryptography. Today, professionals in the fields of computer science and mathematics discovered a new application of encryption that could improve the quality of life of local communities: the buying and selling of digital currencies known as cryptocurrencies. Digital currencies that are not subject to government regulation are known as cryptocurrencies; this does not include official cash. This cryptocurrency is the forerunner to the creation of digital currency which is now known as Bitcoin currency, which can be used like other types of money. And the result of the discussion is that whether scholars allow cryptocurrency or not. This research uses a qualitative method where this method focuses on in-depth observation. Therefore, the use of qualitative methods in this research can produce a study of a phenomenon that is more comprehensive with literature research. Based on the background information provided previously, the author identifies problems that require further investigation. Among other things, what is the meaning of cryptocurrency in the current understanding and context and what is Islamic law regarding the use of cryptocurrency as a transaction tool.
Penelitian ini bertujuan untuk mengkaji pandangan ekonom Muslim terkait cryptocurrency melalui studi komparasi pemikiran Buya Hamka dalam Tafsir Al-Azhar dan Sayyid Qutb dalam Tafsir Fi Zilalil Qur’an. Metode penelitian yang digunakan adalah library research, dengan teknik pengumpulan data melalui penelusuran literatur. Data yang terkumpul kemudian dianalisis dengan content analysis. Hasil penelitian menunjukkan bahwa pemikiran Buya Hamka dan Sayyid Qutb secara implisit melarang penggunaan cryptocurrency sebagai alat pembayaran, mata uang, asset, dan barang yang diperjualbelikan di Indonesia. Buya Hamka menekankan bahwa mata uang harus memiliki nilai intrinsik dan transaksi harus adil, sementara Sayyid Qutb menuntut kepatuhan terhadap prinsip syariah dan perhatian terhadap dampak sosial dan keadilan.
The rise of innovation and technological development has triggered a revolution in the financial sector with a new 'non-centralized' system. The purpose of this study is to comprehend the idea of decentralized finance and pinpoint its advantages. Using literature sources, this study employs a qualitative descriptive methodology. Books, periodicals, and other publications are examples of secondary data. According to the study's findings, DeFi has five maslahah: 1) Maintain religion (hifzu al-din); 2) Preserve the soul (hifzu an-nafs); 3) Preserve offspring (hifzu al-nasl); 4) Preserve the intellect (hifzu al-'aql); and 5) Preserve property (hifzu al-maal). These principles align with technology and the development aspects of the era of Society 5.0. Consequently, it is advised that the government implement a regulation utilizing blockchain technology in the banking industry.
Abdul Rokhim, Sunardi Sunardi, Muhammad Resky Rakhim
Crypto is a non-wuud commodity that is digital using cryptography. The legality of crypto assets in Indonesia has not received firm regulation in their use, and there is a need for a supervisory body that regulates all transaction activities for legal protection for investors in trading digital assets. The research method used in this study is to use normative juridical research methods, using a statutory approach (statute approach) and a conceptual approach (conceptual approach). The result of the discussion of this study is that for the legality of crypto assets, Bank Indonesia places them as digital money so that they are prohibited as a means of payment, while the Ministry of Trade places them as digital assets so that they are allowed to be traded on the Futures Exchange. Normatively, there is still opposition in looking at crypto money. Legal protection of investors who make crypto asset buying and selling transactions get legal protection for losses that can be caused both criminally, namely losses caused by cyber crime and civil losses due to Unlawful Actions.
The aim of this research is to identify the factors that influence an individual’s financial behavior in the adoption of cryptocurrency. This research is a quantitative study, and the respondents were selected through purposive sampling, of which the following criteria were applied; 1) owning cryptocurrency 2) using cryptocurrency for investment or purchasing needs 3) having a minimum of 3 years of investment experience. A questionnaire was distributed to a total of 121 valid respondents. The research data was processed using SEM-PLS, and from this, it was found that 21 out of 23 questionnaire items were valid. This research found that the adoption of cryptocurrencies can be influenced by several factors; trust and perceived value can improve the adoption of cryptocurrency, while financial literacy and perceived risk do not influence the adoption of cryptocurrency. Also, the moderation of short/long horizon variables is not able to strengthen the influence of perceived risk on adoption.
Muhammad Hakiki, Radinal Fadli, Arisman Sabir, Agung Prihatmojo · 6 authors
This research investigates the integration of blockchain technology in vocational education in Indonesia, evaluating its impact on database system learning outcomes. Involving 86 Indonesian students, this study aims to assess the effectiveness of blockchain in improving students’ understanding, skills, and academic performance. Using a quasi-experimental design, the findings of this study showed a significant improvement in learning outcomes, as evidenced by the analysis of pre-test and post-test scores. The measure of the effectiveness of the improvement in learning outcomes, with a substantial increase of approximately 46.50%, emphasizes the positive influence of blockchain technology on student achievement in the database systems course. The findings of this study will contribute valuable information to educational institutions, policy makers, and educators who wish to incorporate new technologies such as blockchain into their learning systems. The implication of this research is to provide recommendations in optimizing the integration of blockchain technology, which significantly affects learning outcomes in database systems. This is realized through facilitating fast and efficient access to learning materials, fostering a more interactive and engaging learning environment, and enhancing students’ understanding of industry practices. The integration of blockchain into database systems learning not only improves the quality of learning but also equips students for a successful career in information technology.
Etikah Karyani, Ira Geraldina, Marissa Grace Haque, Ahmad Zahir
Purpose Halal certification is an acknowledgment of the halalness of a product or service issued by a halal regulator based on Islamic law. This study aims to investigate the intentions of consumers and regulators toward blockchain-based halal certification. Blockchain is useful for storing and verifying halal certificates, thereby increasing trust in products or services because the public cannot change or access data once it is stored. Design/methodology/approach This study uses a triangulation approach by distributing online questionnaires to consumers as a research instrument of a quantitative approach processed with smart partial least squares. Meanwhile, the qualitative approach is carried out through observation, in-depth interviews with the Ministry of Religion’s Halal Product Assurance Organizing Agency (BPJPH) and Halal Examination Agency (LPH), and forum group discussions (FGDs) with several related parties. Findings The observation results show that most consumers expect the government to provide an easy-to-use application to check halal food products and restaurants. Consumers’ intention to use this technology is influenced directly by attitudes and indirectly by their beliefs. Furthermore, the results of interviews and FGDs reported that LPH was not ready to apply blockchain technology, while BPJPH strongly supported adopting blockchain technology in the certification process. Practical implications This finding recommends that the Indonesian government apply blockchain technology to gain transparency and accountability regarding the halal product process. Originality/value This study fills the research gap by observing three perspectives from different stakeholders and using a triangulation approach to analyze the need for adoption of blockchain-based halal certification of halal food products.
Cryptocurrencies have sparked intense debate within the global business and financial sectors. While promising substantial investment growth, they also present significant challenges, particularly concerning investor protection. In the context of Islamic business, the emergence of cryptocurrencies raises profound questions regarding compliance with Sharia principles and safeguarding investor interests. This article aims to scrutinize these issues from an Islamic business perspective, focusing on investor protection. Through a synthesis of literature and conceptual analysis, this study identifies several critical concerns. Firstly, it assesses the Sharia compliance of cryptocurrencies concerning their structure, transactions, and utility. Secondly, it examines risks associated with price volatility and the stability of investment values. Thirdly, it addresses the ambiguity in regulations and legal frameworks, impacting investor security and protection. Finally, it discusses the integration challenges of Islamic business ethics in the cryptocurrency landscape. The findings underscore that while cryptocurrencies offer potential for lucrative returns, they also entail substantial risks in terms of investor protection from an Islamic business standpoint. Consequently, there is a pressing need for robust regulatory frameworks that align with Sharia principles, alongside enhancing investor awareness and comprehension of cryptocurrency investment risks
Penelitian ini bertujuan untuk mengkaji apakah bitcoin dapat digunakan sebagai alat tukar/mata uang di Indonesia. Dengan berkembangnya teknologi di era digital membawa inovasi pada alat tukar seperti bitcoin yang berbasis blockchain dan konsep desentralisasi yang tidak digunakan oleh alat tukar konvensional. Pandangan yang kami digunakan untuk penelitian ini adalah kualitatif untuk menjawab pembahasan penelitian yang bersifat deskriptif dan interpretatif. Pendekatan ini dipilih dalam rangka mendapatkan pemahaman yang mendalam tentang pandangan para ulama/tokoh Islam dan ahli ekonomi Islam terkait tentang bitcoin dan syariah Islam. Sumber informasi penelitian mencakup para ulama/tokoh Islam dan ahli ekonomi Islam di dunia yang memiliki pemahaman tentang bitcoin dan syariah Islam. Oleh karena itu kesimpulan hasil penilitian ini atas beragamnya pendapat para tokoh islam, boleh saja jika bitcoin digunakan sebagai alat tukar di dunia dengan ketentuan tidak mengandung unsur riba, maysir gharar dan beberapa tokoh pun setuju dengan kesepakatan ini, namun pada kenyataanya saat ini bitcoin masih terdapat unsur tersebut, inilah yang menjadi keharaman atas transaksi bitcoin. Serta dibutuhkan peran pihak otoritas untuk meninjau kembali tentang regulasi transaksi bitcoin di Indonesia.
Az Zahra Nashira Ryan, Aris Prio Agus Santoso, Giovania Madeira Do Carmo, Jonathan James Kurniawan · 5 authors
The use of cryptocurrency assets in Indonesia is still prohibited as a means of payment but as an investment instrument it can be included as a commodity that can be traded on a term exchange as regulated in the regulation of Law No. 10 of 2011 concerning amendments to Law No. 32 of 1997. The positive impact of cryptocurrencies in consumer protection such as cryptocurrency financial access can provide access to the traditional banking system, thereby increasing financial inclusion. There are also negative impacts to consider in consumer protection: security risks associated with theft or hacking of cryptocurrency exchange platforms and digital wallets can threaten the security of consumer funds. This study aims to analyze about consumer protection of cryptocurrencies in the digital age. This research uses normative research methods and uses qualitative data types. The results of this study show that consumer protection in cryptocurrency in the digital era, among others, preventively, in cryptocurrency trading transactions as assets is also strengthened by the Regulation of the Commodity Futures Trading Supervisory Agency Number 9 of 2019 concerning Amendments to the Regulation of the Commodity Futures Trading Supervisory Agency Number 5 of 2019 concerning Textile Arrangements for the Implementation of the Physical Market of Cryptocurrency Assets on Futures Exchanges. Meanwhile, if repressively to protect what is given after a dispute arises in the form of sanctions, fines, imprisonment, and penalties imposed a dispute occurs, regulated in Article 22 of PerBappeti Number 5 of 2019 concerning Technical Provisions for the Implementation of the Physical Market of Cryptocurrency Assets on the Futures Exchange, that dispute resolution is carried out by deliberation to reach consensus if it does not reach consensus the parties can resolve through the Futures Trading Arbitration Agency Commodity (BAKTI) and the State Court as stated in the agreement between the parties. Bank Indonesia reaffirms the ban on the use of virtual currencies in cryptocurrency, both in the form of selling, buying, and trading with these currencies.
As important participants in Sharia governance, Malaysia and Indonesia emphasize the importance of a Sharia supervisory board at the institutional level to ensure compliance with Islamic principles. This study provides a comparative analysis of Sharia governance practices in Indonesia and Malaysia, focusing on the key differences and similarities between the Sharia governance frameworks in Malaysia and Indonesia. The method adopted in this study was document research. This method allows researchers to access a wide range of information and perspectives from various sources such as books, academic journals, government reports, and online databases. The findings reveal that both Malaysia and Indonesia have implemented Sharia governance frameworks in their Islamic financial institutions. However, their structures and regulatory frameworks differ from each other. Malaysia follows a two-tier structure with a comprehensive framework, whereas Indonesia follows a decentralized model with dispersed regulations. Both countries require the establishment of a Sharia committee at the institutional level to ensure compliance with the Sharia principles. Therefore, this comparative analysis enhances the understanding of Sharia governance in Islamic banking and finance, shedding light on the strengths and weaknesses of Malaysia and Indonesia's frameworks
Modern culture, which began to develop since the 18th century, became a catalyst for the growth of information technology systems, especially the internet, which has now reached the Web 3.0 or Web3 level. At this level, the internet becomes a decentralised space when users have complete autonomy and control over the data they share consensually. However, because it is a force steeped in exploitative and manipulative agendas, Web3 is potentially vulnerable to commodity fetishism and perhaps even a return to forms of domination through capital accumulation. As a result, elements in Web3 that were promoted as resistance to internet privatization have instead become opportunities for exploitative parties to accumulate wealth. This article delves deeper into how Web3 shows the tension between dominant currents and resistance to global multinational power systems. In this context, the authors use Antonio Negri’s perspective in Empire and Multitude to investigate the complex dynamics that occur. By understanding how Web3 interacts with dominant forces and their resistance, one can explore the potential and challenges faced in positioning the development of the internet towards a more inclusive and equitable realm.
This research was used to measure the influence of investment knowledge, return, risk tolerance, financial literacy, regret aversion, and overconfidence on cryptocurrency investment decisions. This research is quantitative research where the objects used are the public or active investors who invest in cryptocurrency in Indonesia. The number of samples used in this research was 101 respondents. Data collection techniques use questionnaires and data processing and hypothesis testing using Spss. The results of this research explain that the variables investment knowledge, return, risk tolerance have a positive but not significant effect on cryptocurrency investment decisions. Meanwhile, financial literacy, regret aversion, overconfidence have a significant positive effect on cryptocurrency investment decisions.
Ni Wayan Widhiasthini, Nyoman Sri Subawa, Melissa Fong Emmerson, Ni Kadek Winda Yanti · 8 authors
This research aimed at contributing on the urgency of formulating public regulation about cryptocurrency based on administrative reform, providing critical thinking about the use of cryptocurrency on economic activity in supporting sustainable tourism. Instead of focusing on economic, it focuses on the public administration to formulate the regulation of cryptocurrency circulation in Indonesia. It was underlying on descriptive qualitative method with postpositivism approach. It was conducted in Bali as the world tourism destination, and relied on tourism. The distribution of cryptocurrency is banned in Indonesia including Bali, regulated on Law No. 7 year 2011 about currency. It found the hegemony from tourists toward tourism entrepreneurs due to the demand of tourist to use crypto yet lack of regulation as legal payment. Three strategies of administrative reform applied i.e. taxation, structural and programs to implement administrative reform for cryptocurrency regulation. The practical implication shows that the regulation of legal cryptocurrency generates positive impacts on sustainable tourism growth in Bali, particularly on the tourism concept for preserving environment, social, cultural and economic. Moreover, it theoretically implicated the Public Regulation Theory on formulating public regulation that legalize crypto distribution, identifying potential issues, agenda arrangement, regulation formulation, policy approval, implementation and evaluation.
The objective of this article is to evaluate countries’ approaches to the taxation of crypto staking by testing the consistency of current domestic rules and guidance against the technological substance of the same phenomenon. After the outline of the economics of crypto staking, the author provides evidence of the debate in tax literature and the regulatory landscape across selected countries. Subsequently, the research explores the technology features of staking and its fundamental variables of legal characterization, income qualification, and timing and value of income recognition. This way, the interdisciplinary methodology aims to outline a model of taxation reflecting the technological substance of crypto staking and test it against the current tax framework at the domestic level. The results of the analysis process show that the approach to the taxation of staking rewards does not ensure consistency with the technological substance in all of the selected countries. National tax authorities rely more on policy considerations aimed at maximizing revenue collection when developing guidance in the field than on the idea of coherent tax treatment in accordance with the technological substance and the legal characterization of the different types of staking activities. Tax & Technology, Blockchain, Cryptocurrencies, Proof-of-stake, Staking rewards, Direct staking, Indirect staking, Legal characterization, Income qualification, Time of income recognition
Anjar Wulan, Sitti Zakiah Ma’mun, Muhammad Sofian Maksar
Penelitian ini bertujuan untuk mengkaji kemampuan logam mulia emas dan cryptocurrency bitcoin untuk berperan sebagai aset safe haven bagi pasar saham di Indonesia. Penelitian ini menggunakan model Dinamic Conditional Correlation-Generalized Autoregressive Conditional Heteroscedasticity (DCC-GARCH) untuk menguji hubungan antara emas dan bitcoin terhadap pasar saham. Data yang digunakan merupakan data sekunder, yang terdiri dari 1.343 observasi harian dari harga penutupan saham (IHSG), emas dan juga bitcoin. Hasil dari analisis data menunjukan bahwa koefisien korelasi emas dan saham bernilai negatif pada kuantil 10% dan bitcoin menunjukan koefisien koreasi yang bernilai negatif pada kuantil 5%, sedangkan pada kuantil lainnya koefisien korelasi bernilai positif untuk kedua aset tersebut. Hasil ini menunjukan jika emas dan bitcoin hanya berperan sebagai sebagai aset safe haven bagi saham pada kondisi pasar tertentu saja. Selain itu, hasil analisis juga menunjukan bahwa, ketika terjadinya volatilitas pasar ekstrim seperti pandemi COVID-19, emas dan bitcoin tidak dapat berperan sebagai aset safe haven bagi pasar saham.
Islam regulates everything perfectly, even the smallest things are regulated in Islam. With the development of technology, quantity and innovation of financial and economic products, it is necessary to study products that are in accordance with Islamic law. There are several studies that examine cryptocurrency in the view of Islamic law and have even reached the stage of proposing a cryptocurrency model that is in accordance with sharia. The purpose of this study is to analyze the sentiment generated from the opinions of users of the Twitter social media application regarding cryptocurrency. The data analyzed consisted of 18,304 using the keyword cryptocurrency. The method used is a qualitative approach with descriptive statistics from the study of cryptocurrency-themed literature. The results showed that neutral sentiment was the most frequent result with a percentage of 91%, followed by negative sentiment of 6.1%, and positive sentiment of 2.9%. The diversity of sentiment results is due to the pros and cons of cryptocurrency.
Mohd Izzat Amsyar Mohd Arif, Norhanan Che Kamaruddin, Ruzian Markom
As most countries use currencies to denote paper money created as a medium of exchange for buying and selling goods or services. Nevertheless, there are attempts from several entities to create a crypto asset named cryptocurrencies which aims to replace the functions of paper money. The issue arises whether cryptocurrency is valid to be used as a currency or investment asset according to Shariah’s perspective. This article aims to clarify the Shariah views on the legality of cryptocurrency, analyze the suitability of cryptocurrencies as a currency or investment assets, and finally, suggest that cryptocurrency is one of the investment assets or commodities in line with the requirements of Shariah. The research adopts pure legal research methodology utilizing content analysis on the primary and secondary sources. The research findings revealed that Islamic scholars have conflicting views regarding the legality of cryptocurrency as a means of exchange to replace the function of paper money and as an investment asset. Nevertheless, cryptocurrency and crypto assets are required today because of Maqasid Shariah, maslahah, and qawaid fiqhiyyah. Future research should focus on the usage and practice of cryptocurrency worldwide and its legal application in specific countries. Keywords: cryptocurrency, currency, investment
Jan 1, 2024·Proceedings of the ... Annual Hawaii International Conference on System Sciences/Proceedings of the Annual Hawaii International Conference on System Sciences
Muhammad Iqbal Birjaman, Shofi Arofatul Marits, Sebastián Herman
Islamic economics focuses on realizing Islamic ideals, rahmatan lil 'alamin, which aims to provide goodness, prosperity and well-being. Halal (Positive) and haram (negative) aspects in the realm of cryptocurrency. Based on an extensive review of 23 relevant journals, this research aims to analyze the literature and explore the implications of cryptocurrency in relation to Islamic principles. This research focuses on key variables such as compliance with Sharia, riba (usury), gharar (uncertainty), and transparency. By reviewing existing literature and considering the perspective of Islamic scholars and law, this paper aims to determine whether cryptocurrency is permitted or prohibited from an Islamic perspective. These findings will contribute to the ongoing discourse around the compatibility of cryptocurrencies with Islamic finance and ethics. This study emphasizes the importance of addressing halal and haram issues and implications in the cryptocurrency ecosystem. Ultimately, this research aims to provide insights and recommendations for scholars and practitioners in the field of Islamic finance and cryptocurrency.
The term "cryptocurrency" refers to a form of digital or virtual currency that does not exist in tangible form like paper money. That cryptocurrency can only be used with internet-connected PCs, laptops, smartphones, and other devices. Cryptosystems that make use of the blockchain system have a number of advantages, including the speed, convenience, and security of transactions, as well as the ability to be used in all nations and continents. However, there is still room for improvement in the circulating cryptocurrency, including the absence of supervisory authorities. Experts, including Islamic scholars, are constantly debating the advantages and disadvantages of using cryptocurrencies. The Koran, al-Hadith, Qiyas, and Sad-Adzariyah are the sources used in this study to examine the dynamics of cryptocurrency use from the perspective of ushul fiqh. Increasingly, cryptocurrency transactions are used for speculation, which violates Islamic principles. According to Surah Al-Qur'an An-Nisa verse 29, the elements of superiority are gharar and maysir, so the use of cryptocurrencies is permitted subject to certain conditions. Additionally, a country's legality must be clear for cryptocurrency to be used safely.
Investasi dengan cryptocurrency merupakan hal yang baru bagi sebagian masyarakat Indonesia, tidak jarang para investor crypto terjebak pada perilaku judi (maysir) dan spekulasi (gharar). Dewan Syariah Nasional Majlis Ulama Indonesia telah mengeluarkan fatwa haramnya transaksi dan investasi dengan cryptocurrency. Penelitian ini bertujuan untuk mengetahui apakah minat investasi dengan cryptocurrency terpengaruh oleh pengetahuan investasi, persepsi resiko dan literasi keuangan syariah. Data dihasilkan dari penyebaran kuisioner, hingga mendapat 100 responden baik pengguna maupun non pengguna crypto. Pengolahan data memanfaatkan SPSS versi 25 dan memakai analisis regresi linear berganda. Hasil uji hipotesis pengetahuan investasi (X1) pengguna maupun non pengguna crypto membuktikan tidak berpengaruh terhadap minat investasi dengan cryptocurrency (0,985 dan 0,235 > 0,05). Pengujian persepsi resiko (X2) pengguna crypto terdapat pengaruh positif (0,038 < 0,05) sedangkan non pengguna membuktikan ada pengaruh terhadap minat investasi dengan cryptocurrency (4,070 > 0,05). Pengujian literasi keuangan syariah (X3) pengguna maupun non pengguna crypto membuktikan berpengaruh terhadap minat investasi dengan cryptocurrency (0,001 dan 0,016 < 0,05). artinya literasi keuangan syariah khususnya fatwa yang menyatakan cryptocurrency adalah haram dapat memberikan informasi yang berguna bagi calon investor/investor tentang bahaya, tingginya resiko dan mudharat yang ditimbulkan. Penelitian ini memiliki keterbatasan pada jumlah responden serta moderasi variabel antara literasi keuangan syariah dengan tingkat religiusitas.