The Economic growth of Central Java Province from 2015 to 2018 experienced a slowdown compared to other provinces in Java. One of the main focuses on improving the economy is fiscal decentralization which is manifested in the form of village funds. This is in line with one of nine development priorities for the next five years agendas, or so- called Nawacita, namely to develop Indonesia from the periphery by strengthening regions and villages within the framework of a unitary state. The village funds data from the Ministry of Finance shows that Central Java Province receives the largest village funds each year, but this does not necessarily increase economic growth in the recipient districts. In addition to the economic growth policy, the government also plans through investment and government spending. The purposes of this study are to determine the effectiveness of the village fund budget and the effect of the realization of village funds, capital expenditure, goods and services expenditure, and the level of open unemployment on economic growth. The method used in this study is the panel data regression analysis method with the research locus of 29 districts receiving village funds in Central Java Province from 2015 to 2018. The results of the study using the selected panel data regression model that is the Fixed Effect Model FGLS SUR show that all independent variables influence significantly to economic growth (GRDP). The variable realization of village funds and goods and services expenditure has a significant positive effect, while the variable realization of capital expenditure and the variable open unemployment has a significant negative effect on economic growth (GRDP).
Mohammad Sholeh, Muhammad Fauzinudin Faiz, Moh Muhlis Anwar
Cryptocurrency is a result of recent development of digitalization in the financial transaction. OneGram is a part of it that uses gold instruments to back up and maintain its value stable. The purpose of this study is to explore how Islamic law and MUI & NU, through their fatwa, percieve the OneGram. This research uses a qualitative approach to gain a deep understanding of the OneGram by using secondary data collected from the Quran, hadith, relevant academic journals according to Islamic law and fatwas from both organization. The results of this study state that OneGram is allowed by Islamic law and the fatwa to be used as digital payment system. OneGram is furthermore supervised by shariah supervisory board to avoid gharar (uncertainty) and maysir (gambling) in maintaining its value. The unique fact from this digital currency is that the use of gold in transaction had been applied in the time of Prophet Muhammad SAW. From this digital development, OneGram as a gold-backed cryptocurrency can revive the function of dinar as currency. OneGram transforms the gold value in dinar coin which physically has no flexibility in today transaction to the gold value in digital platform which has flexibility in digital transaction with broad accesability.
Muhammad Fauzi, Kusnadi Kusnadi, Musdizal Musdizal, Rafzan Rafzan
This study aims to determine whether Cryptocurrency status can meet the criteria of wealth/property (Maal) and currency in Islam. This is based on the fact that the issue of Cryptocurrency as Maal and money in Islam has attracted attention from various parties. Cryptocurrency is a digital/virtual currency, with a decentralized system using peer-to-peer (Blockchain) technology without being regulated and issued by a third party. In contrast to fiat currency in physical form (banknotes and coins) and non-physical fiat currency (demand) which is centralized/regulated and issued by third parties. This research was conducted using the Literature Review approach. This research shows that Cryptocurrency status can meet the criteria of Maal and currency in Islam has not yet seen a thread, because from various parties there are still differences of opinion, there are cons group opinions;, netral groups opinions;, and there are also pros groups opinions;. Finally, this area is open for future research as many issues remain unresolved and more concrete work is needed.
This study investigates the possibility of taxing digital assets such as cryptocurrency and NFT in order to raise funds for the government. Using normative research approaches, it is possible to determine if cryptocurrencies and other digital assets (NFT) should be subject to high or low tax rates. The study looked at the tax policies of numerous countries addressing cryptocurrencies and digital assets, in addition to studying bitcoin tax laws and NFT. Different laws, methods, and issues apply to the regulation of cryptocurrencies and NFT depending on the jurisdiction. There is no universal agreement on this. Keywords: taxes, cryptocurrencies, digital assets, NFT
In recent years, technological advances have grown so rapidly, including progress in the economic field. the existence of cryptocurrencies or digital money, provides a new alternative as a transaction tool, investment instrument or as a trading commodity. On the other hand, the legitimacy of using cryptocurrencies is still a matter of debate in various circles. Researchers want to study the use of cryptocurrencies with the sadd dzariah approach. This research is a quantitative research and is a library research. The data analysis technique used is descriptive-analytical with a normative juridical approach to Islamic law. The results of the study indicate that the use of cryptocurrencies in business transactions, as an investment instrument, and illegally traded commodities, is maysir and gharar. So it should be avoided containing mafsadat rather than benefit, and has the potential to bring more harm than good/mafsadah.
Taufiq Gilang Adhitama, Anggunmeka Luhur Prasasti, Ali Fahmi Perwira Negara
Baitul Maal Wa At Tamwil (BMT) is a sharia financial institution that provides savings and loan services in accordance with the social, cultural, and economic needs of rural communities, especially in agricultural and plantation communities. The current data management is still using manual recording and a centralized server which can cause fraudulent financial reports and creates a lack of credibility between BMT and its customers. The research method is to decentralize the application data system by using blockchain technology, then replacing the conventional database to blockchain system. The simulation shows that the e-BMT application are connected to blockchain network as intended, users can use metamask to interact with the Ethereum network, the blockchain implementation on e-BMT application has run according to expectations with a 100% success rate with the average transfer time on two devices of 9.47 seconds and 12.13 seconds. While the results of data entry time on two devices obtained an average of 9.96 seconds and 37.09 seconds. While the blockchain implementation on e-BMT could provide access to every user so that each entity could confirm the validity of the transactions, the size of the transactions, and other data recorded on the blockchain without having to develop an integrated database system. The research contributes in two aspects, first, we develop the distributed blockchain system using public Ethereum blockchain network integrated with with popular e-wallet such as metamask, provides easy access for both customers and BMT parties who are connected to the network so that the recorded data can be accessed by anyone, and second, the application of blockchain technology to BMT is capable to interact with users as it is built on a website platform with RESTful API.
The phenomenon of buying and selling online continues to grow, especially in 2022, when Ghozali shocked the Indonesian people by selling 933 non-fungible token digital works for $1.5 billion on the OpenSea Online Market. But not all people respond, because everyone can sell other people's art, sell images that contain pornography, and commit fraud under the guise of investment. In Sharia economic law, on the other hand, the element of fraud and the sale of something that does not belong to him are prohibited. The mechanism of buying and selling non-fungible tokens on the OpenSea online market is discussed in this study, as well as how the law is based on Islamic economics.This type of research uses a qualitative approach by seeking direct data from parties involved in buying and selling non-fungible tokens on the Opensea online marketplaces, from journals, articles, books, and other sources. The theory of "al-mal" and "al-bai' is used to analyze this research using a qualitative deductive method. The results of the research show three mechanisms in the practice of buying and selling non-fungible tokens on the Opensea online marketplace, which include the creation, sale, and purchase of digital artwork, and most of them are carried out on the Ethereum and Polygon blockchain platforms. According to sharia economic law, when buying and selling non-fungible tokens on the Opensea online market is analyzed using the mall theory, the majority of Ulama argue that non-fungible tokens can be classified as malls, while some groups of followers of Imam Hanafi do not justify non-fungible tokens as malls because of their non-concrete nature. Meanwhile, if it is captured using the "bai' theory, the practice of buying and selling non-fungible tokens is not covered by sharia because, in practice, people can easily sell other people's digital artwork, sell images that contain pornographic elements, and are very vulnerable to involvement in non-fungible token sale scams such as forgery of digital artwork descriptions and investment scams. As for those who can avoid all these negative elements, then they are returned to the original law of bai', namely mubah.
Penelitian ini bertujuan untuk menganalisis faktor yang menjadi penyebab naik atau turunnya harga Bitcoin. Penelitian ini menggunakan metode kuantitatif deskriptif. Digitalisasi telah merambat pada dunia investasi yang telah melahirkan investasi dengan sistem blockchain yaitu cryptocurrency, peneliti berfokus pada Bitcoin dari berbagai macam bentuk cryptocurrency. Bitcoin salah satu dari banyaknya macam bentuk cryptocurrency menjadi popular akhir-akhir ini. Masyarakat menjadikan Bitcoin sebagai investasi pengganti selain saham dan emas. Berdasarkan hasil analisis yang telah dilakukan, dapat ditarik kesimpulan bahwa secara parsial kurs tidak berpengaruh signifikan terhadap harga Bitcoin, indeks harga LQ45 berpengaruh signifikan terhadap harga Bitcoin, trend berpengaruh signifikan terhadap harga bitcoin, suku bunga the FED berpengaruh signifikan terhadap harga Bitcoin, dan dummy perang Ukraina berpengaruh signifikan terhadap harga Bitcoin. Penelitian ini memberikan implikasi bahwa pemerintah lebih memperhatikan investasi lain selain emas dan saham yang sudah umum di Indonesia, masyarakat juga perlu berhati-hati untuk investasi di Cryptocurrency karena selain high risk high return tetapi juga minim regulasi dari negara untuk tindak kejahatan di dunia cryptocurrency.
Bitcoin is the first cryptocurrency that is widely accessible and the most sought after by investors working in the Cryptocurrency world. At the same time, the price of Bitcoin continues to fluctuate, raising concerns about inflation and monetary aggregates in Indonesia. Therefore, Bank Indonesia (BI) prohibits financial institutions in Indonesia from using cryptocurrencies as a means of payment or financial services. This is also supported by the Indonesian Ulema Council (MUI) institution by prohibiting the use of cryptocurrencies in Indonesia. Apart from the policies of Bank Indonesia and the MUI, there are several factors that cause the use of cryptocurrencies to be prohibited in Indonesia, including having a negative impact on the economy and the environment.
 Keyword: Cryptocurrency; Bitcoin; Indonesian policy; environmental impact.
Transaksi jual beli yang berbasis internet telah mereformasi transaksi jual beli yang terjadi secara konvensional, di mana transaksi antara Perkembangan teknologi yang sangat pesat membawa kemajuan pada hampir seluruh aspek dalam kehidupan manusia, khususnya pada metode pembayaran baru dalam kegiatan e-commerce, yaitu alat pembayaran virtual atau yang lazim disebut dengan mata uang virtual Bitcoin. Penulisan skripsi ini bersifat deskriptif yang merupakan penelitian yuridis normatif dan alat pengumpul datanya adalah studi dokumen yaitu dengan menganalisis peraturan perundang-undangan yang berkaitan dengan permasalahan dalam tesis ini dan analisis data adalah analisis kualitatif. Berdasarkan hasil penelitian diketahui bahwa aspek hukum mata uang virtual bitcoin sebagai alat pembayaran masih belum jelas dasar hukumnya. Akibat ketidakjelasan tersebut transaksi menggunakan bitcoin belum dapat dikatakan sah.
Technological developments are in line with economic developments based on digital technology. One of them is the emergence of financial technology which has now become a daily life for us, especially the millennial generation. This research was quantitative research that aimed to analyze interest in cryptocurrency investÂment based on the influence of milÂlennial lifestyles, technological advances, and investment content on TikTok. This study used primary data with research instruÂments in the form of questionnaires and used path analysis to test the research hypothesis. The sampling method was carried out in the Arzanocrypto community with as many as 100 samples using the voluntary response sampling method, in which the samples were individuals who voluntarily took part in the research. The results of the study showed that the millennial lifestyle variable had no significant effect on interest in cryptocurrency investment, but had an effect on investment content on TikTok. The variable technological progress had a significant effect on interest in cryptocurrency investment but had no significant effect on investment content on TikTok. The investment content on TikTok had a significant effect on interest in cryptocurrency investment. Perkembangan teknologi sejalan dengan perkembangan ekonomi yang berbasis teknologi digital. Salah satunya dengan muncul financial technology yang kini sudah menjadi keseharian bagi kita terutama generasi milenial. Penelitian ini adalah penelitian kuantitatif yang bertujuan untuk menganalisis minat investasi cryptocurÂrency berdasarkan pengaruh gaÂya hidup milenial, kemajuan teknologi, dan konten investasi di TikTok. Penelitian ini mengÂgunakan data primer dengan instrumen penelitian berupa kuesioner dan menggunakan analiÂsis jalur untuk menguji hipotesis penelitian. Metode pengambilan sampel dilakukan pada koÂmuÂnitas Arzanocrypto sebanyak 100 sampel dengan metode pengambilan sampel voluntary response sampling, yang mana sampel merupakan individu yang secara sukarela menjadi bagian dalam penelitian. Hasil penelitian menunjukkan bahwa variabel gaya hidup milenial tidak berpengaruh signifikan pada minat investasi cryptocurrency, namun berpengaruh pada konten investasi di TikTok. Variabel kemajuan teknologi berÂpengaruh signifikan pada minat investasi cryptocurrency, namun tidak berpengaruh signifikan pada konten investasi di TikÂTok. Konten investasi di TikTok berpengaruh signifikan pada minat invesÂtasi cryptocurrency.
Metodius France Marjun Janggur, Trinandari Prasetyo Nugrahanti
The development of number of cryptocurrency startups around the world, including in Indonesia, is increasing every year, demanding business people to provide financial services by accepting the presence of cryptocurrency technology directly in the real world. The purpose of this study is to explore the application of the Statement of Financial Accounting Standards (PSAK) adopting International Accounting Standards (IAS) and International Financial Reporting Standards (IFRS) on cryptocurrency companies at the Indonesian National Indodax Company (Bitcoin Indonesia). This research method is descriptive qualitative with data collection methods using interview and observation techniques. The results show that the Indodax Company (Bitcoin Indonesia) uses IAS 2 inventory because the company's core business is in brokerage, which measures cryptocurrency inventory recorded at fair value after deducting costs to sell and is recognized in the income statement and reported in the Available for sale financial asset account. At the same time, the entity applies IAS 38 intangible assets in the measurement, valuation, and presentation of financial statements that refer to computer software and internet domains, not cryptocurrency assets in the form of coins and tokens. In addition, entities that measure and value cryptocurrency assets (cash and tokens) using financial instruments IFRS 9 Financial Instruments: Recognition and Measurement are calculated and recorded as financial assets at fair value through profit or loss (FVTPL).
The Regulation of the Minister of Finance of the Republic of Indonesia Number 68/PMK.03/2022 as the legal basis for cryptocurrency income tax does not reflect the principle of fairness because the consideration is based on the principle of ease of administration. This paper aims to provide an alternative income tax legal framework on cryptocurrency based on the principle of justice. It is expected to be a step to increase state revenue through the sector of cryptocurrency tax. This paper employs a conceptual and comparative approach to normative research. Furthermore, the researcher compares income tax regulations and policies on cryptocurrency in Indonesia and Canada with the theory of justice to obtain answers to legal problems. The Regulation of the Minister of Finance of the Republic of Indonesia Number 68/PMK.03/2022 does not reflect the principle of justice because the final tax rate does not reflect the tax burden. In addition, there are limitations on the tax collector's authority, so tax collection is not comprehensive. Therefore, this paper compares and analyses income tax regulations and policies in Indonesia and Canada to obtain several alternative forms of fair tax legal framework on cryptocurrency. Alternative cryptocurrency income tax regulation that can be accommodated by the government is to change to a progressive rate to fulfill tax fairness, change the collection system to a self-assessment and do not differentiate the source of income and also cooperate with various exchanges to exchange transaction data to prevent criminal acts.
Latar Belakang: Secara global dan lokal, pertumbuhan signifikan dan penggunaan uang kripto (cryptocurrency) didukung oleh komitmen Pemerintah Indonesia, termasuk penyusunan regulasi yang komprehensif, perpajakan, dan bursa cryptocurrency. Dari sudut pandang akademis, hal ini merupakan peluang untuk mengeksplorasi implementasi akuntansi untuk cryptocurrency sebagai pelajaran bagi Indonesia. Studi kasus adalah kasus riil yang menelaah semua informasi yang tersedia untuk publik guna memahami implementasi kebijakan akuntansi untuk cryptocurrency di Galaxy Digital dan Meitu.Tujuan: Tujuan dari penelitian ini adalah untuk memberikan sudut pandang akademis dalam mengeksplorasi implementasi akuntansi cryptocurrency sebagai pembelajaran untuk Indonesia di mana cryptocurrency akan tumbuh.Metode Penelitian: penelitian ini menggunakan referensi literatur yang relevan, pedoman IFRS, IAS 2 Inventories, IAS 38 Intangible Assets, serta standar akuntansi lain yang relevan yaitu IAS 36 Impairment of Assets dan IFRS 13 Fair Value Measurements, termasuk studi KAP Big Four.Hasil Penelitian: Berdasarkan analisis, Galaxy Digital dan Meitu, menerapkan dua standar akuntansi yang berbeda untuk cryptocurrency. Penerapan standar akuntansi yang berbeda ini diharapkan dapat memberikan analisis yang lebih komprehensif dan sebagai pembelajaran bagi penerapan akuntansi cryptocurrency di Indonesia, baik dari segi literatur maupun praktis, yang kemungkinan akan muncul dalam waktu dekat.Keaslian/Kebaruan Penelitian: Penelitian ini memberiakan hasil diskusi resmi terkait pemberlakuan akuntansi untuk cryptocurrency di Indonesia yang masih jarang dilakukan.
Abstract Indonesian agricultural production is unpredictable. The harvest quality causes this is not-optimal harvest quality. The researchers provide a solution by utilizing a severe game design model as a learning medium to make decisions for optimizing production. In comparison, Blockchain technology is for data security, Distributed ledgers and Smart Contracts. The transaction between producers and consumers are permanent and verified. For the literature study of optimization to maximize farmers' production, the researchers use Simplex Method as an objective function and the Pareto function as an optimization model for multiple problems by finding solutions for all purposes to improve farmers' production. Multi-Objective Optimization, Linear Programming, Blockchain, and Hierarchical State Finite Machine are needed to design a serious game. This study designed Hierarchical State Finite Machine Serious Game using Blockchain and Multi-Objective Optimization method as a learning medium to simulate farmers making decisions In producing agricultural quantities based on consumer demand, stock, price, season, and planting time. Blockchain is used to track the availability of farm stocks so that the supply of consumer needs is met.
Cryptocurrencies have emerged in recent years and have continued to grow until they have become very popular, widespread, and surrounded by various pros and cons of their innovative developments. This study uses sentiment analysis on Twitter towards cryptocurrencies to create positive and negative trends based on comments by classifying data on Twitter. The dataset used is a Tweet related to cryptocurrency in June 2022. To get positive or negative sentiment of this research using SVM classification method with the following stages. The dataset goes through the stages of preprocessing, labeling, imbalance handling, train test split, TF-IDF weighting to transform the data from text to numeric which are then used for sentiment analysis using SVM. This research resulted in sentiment analysis based on the TextBlob library to determine positive sentiment and negative sentiment. The accuracy of the application of SVM in this study is known through the use of k-fold cross validation and three methods, namely undersampling, without imbalance handling and oversampling and three comparisons of train test splits, namely 90:10, 80:20, and 70:30. In k-fold cross validation, an accuracy of 93. 19% was obtained. While the other three methods, obtained three highest accuracy where the accuracy is in a ratio of 80:20, namely 94.64% for undersampling, 93.42% for data without imbalance handling, and 93.40% for oversampling. The best accuracy is in the data that goes through the undersampling process with a ratio of 80:20 which is of 94.64% and the sentiment analysis result is a positive sentiment.
The purpose of this paper is to review the findings of a review of the academic literature on Islamic financial technology that has been carried out in the field of Islamic financial technology. The aspects studied in Islamic Finance Fintech with cryptocurrency regulations, compliance and tax policy laws and finally identify other influences such as opportunities and Islamic financial technology that Islamic financial institutions can learn from global fintechs around the world. This study collected 150 journals. Based on the inclusion and exclusion criteria, 79 research papers and publications were used in this systematic literature review. This paper offers a thorough analysis of the study. This study classifies Islamic Financial Technology with regulation/compliance in Islamic law and taxation. Throughout our review, we also found barriers to cryptocurrencies in Islamic law and found several countries have tax policies for cryptocurrencies. This study will greatly advance the understanding of Islamic FinTech among academics, companies, regulators, investors, and other FinTech users. The results of this study are expected to be useful in understanding Fintech (cryptocurrency-based technology) from the point of view of sharia and taxation rules in Indonesia
Ade Yunita Mafruhat, Billi Andiatama Rahmawan, Nazmi Aulia Robbani
Cryptocurrency merupakan salah satu inovasi decentralized finance dari pengembangan insfastruktur sistem keuangan digital. Ada dua pandangan yang berlawanan tentang cryptocurrency, ada kesempatan menguntungkan dengan melibatkan cryptocurrency kedalam ekonomi dan sistem moneter, begitupun sebaliknya cryptocurrency dapat menjadi ancaman bagi ekonomi dan sistem moneter. Penelitian ini bertujuan untuk mengkaji dampak yang dapat ditimbulkan oleh cryptocurrency. Penelitian ini menggunakan pendekatan kualitatif dengan systematic literature review (SLR). Berdasarkan temuan dan hasil penelitian dapat di simpulkan bahwa terdapat dampak positif dan dampak negatif dari cryptocurrency. Dampak positif cryptocurrency terhadap fungsi sistem moneter yaitu kemudahan, keamanan dan stabilitas sistem keuangan yang dapat berpengaruh mendorong pertumbuhan ekonomi, adapun dampak negatif dari cryptocurrency yaitu kejahatan siber dan ketidakstabilan sistem keuangan yang dapat menghambat pertumbuhan ekonomi. Otoritas pusat perlu membuat regulasi dengan ketat yang melibatkan infrastruktur inovasi cryptocurrency dan membangun infrastruktur sistem virtual currency dengan aturan yang berfokus pada stablecoin untuk dapat melibatkan cryptocurrency kedalam sistem dan kebijakan untuk memperkuat ekosistem keuangan dan menghindari dampak negatif ketidakstabilan ekosistem keuangan.
Berdasarkan data dari Chain Analysis, menyatakan bahwa jumlah investor cryptocurrency di negara Indonesia menduduki peringkat ke-5 di kawasan negara Asia Tenggara setelah negara Vietnam, Thailand, Filipina, dan Malaysia. Dan menempati urutan ke-25 di dunia pada tahun 2021. Pertumbuhan eksponensial jumlah investor dan transaksi cryptocurrency tersebut harus dibarengi dengan pemberian edukasi dan literasi secara masif karena instrumen investasi cryptocurrecy ini masih relatif baru dan tergolong high risk high return. Tujuannya agar para investor memiliki wawasan dan pengetahuan yang baik tentang cryptocurrency. Money management menjadi salah faktor kunci keberhasilan dalam berinvestasi. Dengan diterapkannya money management yang baik dapat meningkat potensi keuntungan / return dan meminimalisir risiko kerugian investasi pada aset cryptocurrency.
Pengambilan keputusan memiliki peran penting dalam perilaku keuangan terutama terkait perilaku investor didasarkan pada berbagai bias psikologis, perilaku, volatilitas pasar dan peluang untuk memaksimalkan keuntungan. Investor seringkali bertindak secara tidak rasional dalam pengambilan keputusan suatu investasi terutama investor muda milenial yang lebih mengincar keuntungan dari volatilitas harga. Penelitian ini bertujuan menguji atau merumuskan hipotesis yang mempengaruhi pengambilan keputusan investor dari behavioral finance yang terdiri dari overconfidence, gambler’s fallacy, mental accounting, disposition effect, dan hindsight terhadap investment decision. Selain itu, studi ini juga menganalisa peran Risk perceptions sebagai variabel mediasi antara Overconfidence terhadap investment decision. Dengan menggunakan Teknik convenience sampling, didapatkan jumlah responden sebanyak 452 investor sebagai responden. Metode analisis data yang digunakan adalah Partial Least Squares – Structural Equation Modelling (PLS-SEM). Hasil penelitian menunjukkan bahwa gambler’s fallacy dan mental accounting berpengaruh signifikan terhadap investment decision. Lebih lanjut, studi ini juga membuktikan hubungan signifikan antara overconfidence terhadap investment decision dengan risk perceptions sebagai variabel mediasi.
Blockchain merupakan salah satu fintech yang ramai diperbincangkan saat ini, terlebih keterkaitannya dengan cryptocurrency. Dalam perkembangan keuangan syariah tidak lepas dari antusias masyarakat terkait praktik ekonomi syariah dan inovasi layanan syariah dalam bentuk fintech. Tujuan dari penelitian ini adalah untuk mengetahui bagaimana prespektif Islam terhadap Blockchain. Metode pengumpulan data yang dalam penelitian ini menggunakan metode library research melalui studi kepustakaan melakukan pencarian data dari sumber seperti buku, jurnal, peraturan perundang-undangan, serta tulisan ilmiah lain. Penelitian ini menggunakan metode kualitatif deskriptif. Berkembangnya keuangan syariah baik dalam hal perbankan maupun nonperbankan tidak lepas dari antusias masyarakat terkait adanya praktik ekonomi syariah dan adanya inovasi layanan syariah dalam bentuk fintech. Penggunaan blockchain dalam keuangan syariah dapat diterapkan melalui pengaplikasian smart contract dalam perbankan syariah, pengoptimalisasian penghimpunan zakat, peningkatan utilitas wakaf, menciptakan halal value chain, serta penerapan blockchain dalam ritel sukuk.
Cryptocurrency or crypto currency is a digital currency that uses an encryption system and there are various forms of this digital currency spread all over the world. In Indonesia, people are starting to use Cryptocurrencies and not a few have become investors through this digital currency. The first problem How is the existence of cryptocurrency as a digital currency in Indonesia? Second, how is the legal power of cryptocurrency in Indonesia. This research method uses normative legal research methods. The result of the first discussion is that the existence of Cryptocurrency or cryptocurrencies only applies to the trading sector and is only recognized by Bappepti. The result of the second discussion is that cryptocurrency digital currency cannot be used as a legal currency because it does not meet the elements as a legal currency in Indonesia.
In the development of the Industrial revolution 4.0 to improve and modify the world's industry by integrating production lines, and extraordinary results in the field of technology and information marked its emergence. It can be used to enhance document security systems using Blockchain technology. Blockchain Innovation Authentication has attracted great attention in the world of science and capital markets. The persistent problems of the many available digital currencies and the various tricks of early coin offerings also welcome the well-known discussion of emerging innovations in the field of education. The importance of this paper follows the improvement of the blockchain framework to reveal the importance of decentralized applications (dApps) and blockchain on the future value in education. This study uses a descriptive method, which is a research method used to describe problems that occur in the present or ongoing, aiming to describe what happened as it should when the research was conducted. the novelty of cutting-edge dApps and talk about the title of blockchain progress to meet the positive attributes of future dApps. Readers will come to the conclusion of dApp research and know the continuous improvement in blockchain .
One of the investments that people are interested in today is Cryptocurrency. This is a form of investment that occurs due to advances in the world of technology that are felt by the community without exception also for Muslims. Conventional investment is defined as having broad benefits and impacts on the country's economy. However, Islam provides various limits in investing. For an investment to be recognized in Islam, four aspects must be owned, namely: material/financial aspects, halal aspects, social and environmental aspects, and divine aspects. For this reason, this research will describe in detail, whether cryptocurrencies meet these aspects or not. In answering these problems, the researcher used a descriptive qualitative approach with valid secondary data sources. This research results that none of the four aspects can be fulfilled from cryptocurrency, both material/financial aspects, halal aspects, social and environmental aspects as well as divine aspects. Keywords: Cryptocurrency; investment; Islamic economy