Indodax is one of the cryptocurrency trading platforms in Indonesia that has the highest sentiment for the quality they provide, good quality on a platform is an important factor in obtaining user satisfaction and will have an impact on the long-term success of a company. The importance of user satisfaction on cryptocurrency online trading platforms is a significant factor in increasing user loyalty in today's competition. This research was conducted to analyze the quality of existing cryptocurrency trading platform services so that they can be input for cryptocurrency trading service providers to improve the quality of their services, this information can also be considered by prospective platform users in choosing a trading platform that has the best quality of service to minimize losses that may be caused by the platform. In this study, sentiment analysis was used for indodax play store platform users and then processed using the lexicon classification method to produce sentiment analysis for each significant factor of service quality. From the results of the classification carried out in this study, the results of the analysis show that most users are satisfied and give positive sentiments related to security, namely 87.63%, positive sentiments related to the interface design 88.46%, positive sentiments related to service & convenience by 83%, but some users also gave a slightly positive sentiment related to administrative costs, namely 39%, and their negative sentiment was mostly related to the error & failure system, which received more than 80% sentiment. While the recall value is 38.07%, the precision is 56.69% and the f1-score is 45.55%. The results of this study can be concluded that there are still many important points that must be improved in quality by the indodax platform service providers so that they can be more attractive and used by everyone.
Penelitian ini bertujuan untuk menganalisa perbandingan kinerja Bitcoin, indeks saham LQ45, dan emas spot sebagai instrumen investasi menggunakan variabel pengukuran kinerja return, risk, Sharpe, Treynor, dan Jensen. Jenis penelitian ini merupakan kuantitatif. Populasi yang digunakan merupakan harga penutupan bulanan dari Bitcoin, indeks saham LQ45, dan emas spot. Teknik pemilihan sampel adalah purposive sampling yang berjumlah 72 data untuk masing-masing instrumen investasi Bitcoin, indeks saham LQ45, dan emas spot selama periode 1 Januari 2017-31 Desember 2022. Teknik analisa data yang digunakan adalah uji Kruskal-Wallis. Hasil penelitian ini menunjukkan bahwa Bitcoin, indeks saham LQ45, dan emas tidak memiliki perbedaan yang signifikan terkait return, sedangkan pada aspek risk, Sharpe, Treynor, dan Jensen terdapat perbedaan yang signifikan. Selain itu, instrumen investasi dengan kinerja return, risk, Sharpe, dan Treynor tertinggi dimiliki oleh Bitcoin, sedangkan pada pengukuran kinerja Jensen dengan nilai tertinggi dimiliki oleh indeks saham LQ45. Simpulan pada penelitian ini adalah kinerja instrumen investasi terbaik dimiliki oleh Bitcoin. Penelitian ini diharapkan dapat dijadikan sebagai sumber referensi dan bahan pertimbangan bagi para investor atau masyarakat secara umum dalam memilih instrumen investasi.
<p align="justify">This study aims to determine the financial performance of the Districts/Cities Governments in Jambi Province with the Regional Financial Independence Ratio and the Degree of Regional Financial Decentralization. As well determine the effect of Original Local Government Revenue (PAD), Balancing Funds and Financing Surplus on the Capital Expenditure in Districts/Cities in Jambi Province. This study is a quantitative descriptive research and quantitative research. The data used in this study is quantitative data with documentation techniques. The sample for this research is 11 districts/cities in Jambi Province on the official website of the Directorate General of Fiscal Balance. This study uses the Descriptive Analysis Method using ratios was used to financial performance of the Districts/Cities Governments in Jambi Province and Multiple Linear Regression Analysis with the help of SPSS version 25 was used to determine the effect of Original Local Government Revenue (PAD), Balancing Funds and Financing Surplus on the Capital Expenditure in Districts/Cities in Jambi Province. The results showed that the financial performance of the Districts/Cities Governments in Jambi Province, in terms of Regional Financial Independence Ratio, was categorized as very low and the Degree of Regional Financial Decentralization Ratio, it was categorized as very less. The results of testing the effect of PAD, Balance Fund and SILPA variables on Capital Expenditure show that PAD has no effect on Capital Expenditure, Balance Fund has no effect on Capital Expenditure, SILPA has an effect on Capital Expenditure.</p><p><strong>Keywords</strong>: Local Government Financial Performance, PAD, Balancing Fund, SILPA</p>
The use of blockchain technology is increasing along with the need for an increase in financial value, one of which is cryptocurrency. This study analyzes behavioral intentions to invest using cryptocurrencies based on social effects, regulatory support, and trust factors. Quantitative procedures are applied to answer study hypotheses with data sources from distributing online questionnaires to respondents who invest in cryptocurrencies in Indonesia. Therefore, a purposive sampling technique was applied to 410 respondents. The data analysis used Partial Least Square - Structural Equation Modeling-(PLS-SEM). The study's results prove that social effects positively and significantly influence trust and behavioral intention. In addition, regulatory support positively and significantly affects trust, and trust has a positive and significant effect on behavioral intention to invest in cryptocurrency. This research contributes significantly to investor behavior by applying regulatory support for adopting the latest information technology.
Aji M. Iqbal Fadhilah, Odi Nurdiawan, Fadhil M. Basyisyar
Litedex adalah sebuah perusahaan startup berbasis teknologi blockchain. Penerapan blockchain dilakukan dengan menciptakan utilitas dari berbagai setor, salah satunya di sektor pendidikan. Rendahnya ketersediaan informasi dan minat pasar serta sulitnya memvalidasi keaslian berkas sertifikat, dimana berkas tersebut ada potensi untuk dimanipulasi menjadi sebuah masalah yang harus diciptakan solusi. Saat ini, ketersediaan informasi mengenai blockchain hanya tersedia di laman resmi media informasi global yang hanya berbahasa inggris, seperti Coinmarketcap. Penelitian ini bertujuan untuk mengintegrasikan layanan Sistem Informasi dengan Blockchain dan NFT yang dapat memfasilitasi proses pembelajaran yang cepat, data tersimpan secara terdistribusi ke dalam blockchain dengan aman, dan bukti keabsahan dari proses penyelesaian studi dapat diakses secara publik dan dapat divalidasi dengan mudah karena NFT memiliki id parameter yang unik. Metode penelitian menggunakan metode prototype dengan mengimplementasi Rapid Application Development (RAD) sehingga aplikasi yang dibuat bisa dikembangkan dan diperbaiki dengan cepat karena kebutuhan dan perkembangan blockchain yang super cepat. Bahasa pemrograman yang digunakan adalah PHP dengan framework Laravel, Solidity, React JS, Javascript, dan MYSQL. Hasil dari penelitian ini adalah sebuah Sistem Informasi di sektor pendidikan yang dapat terintegrasi dengan Blockchain untuk proses penyimpanan dan pendistribusian data yang aman dan penerapan NFT sebagai asset digital yang merepresentasikan identitas dan bukti proses hasil belajar yang dapat divalidasi dengan akurat karena memiliki unik id dan tidak dapat dimanipulasi. Sistem ini dapat berjalan untuk proses pembelajaran, pemberian soal, pendistribusian bukti proses hasil belajar, laporan statistik pengguna dan dapat terintegrasi dengan utilitas Litedex maupun utilitas pengembang blockchain yang lainnya.
A cryptocurrency exchange application is a platform that provides a facility for users to do a crypto asset transaction. In Indonesia, there are two types of applications, regulated and unregulated apps with various and different facilities. This research aims to analyze factors that influence users' acceptance to use cryptocurrency exchange applications with extended TAM methods with 7 external variables such as design, experience, perceived risk, regulatory support, social influence, trust, and perceived benefit. Then, we analyzed the data collected using the Structural Equation Modeling (SEM) -Partial Least Square (PLS) method. This research's result was conducted to analyze and give recommendations for the next research and the apps provider regarding factors that influenced users' acceptance to use the cryptocurrency exchange application. The number of samples will be determined using a formula from Roscoe Theory with a minimum of 110 respondents and the questionnaire was filled out by 130 respondents using Google forms. This research's result has proven that trust and design are external variables that affect cryptocurrency exchange application acceptance. In contrast with the previous study in which regulatory support affects the user's trust, this research found social influence and experience are variables that affect user's trust
Cryptocurrency adalah uang digital, yang beredar di dunia maya tidak memiliki wujud fisik, awal kemunculannya tahun 2008 oleh Satoshi Nakamoto, keamanan Crypto dilindungi oleh teknologi blokchain, namun tidak ada lembaga yang bertanggung jawab dan tidak memiliki asset yang mendasar, segala problem yang muncul, menimbulkan pro dan kontra dikalangan pakar ekonomi dan para ulama, crypto belum memenuhi beberapa unsur dan kriteria sebagai mata uang khususnya dalam prinsip Ekonomi Islam, dalam konteks uang digital tidak ada underlying yaitu aset dijadikan sebagai dasar transaksi, uang digital bukan mata uang, ada unsur ketidak jelasan gharar, harga tidak terkendali dan fungsi mata uang digital telah berkembang sekedar alat tukar menjadi komoditas investasi. penelitian ini bertujuan untuk mengetahui bagaimana Transaksi Bitcoin dalam perspektif ekonomi syariah dan pandangan hukum islam terhadap transaksi bitcoin, teori yang digunakan adalah teori transaksi ekonomi dan penelitian ini bersifat studi pustaka (Library Research), Dari penelitian ini dapat disimpulkan bahwa dalam Islam transaksi yang dilakukan harus jelas, wujud, barang, dan maanfaatnya, dan tidak ada pihak yang saling dirugikan, bitcoin haram dan tidak memenuhi syarat sil’ah secara syar’i, selain itu bitcoin juga bertentangan dengan Undang- Undang Nomor 7 Tahun 2011 dan Peraturan Bank Indonesia Nomor 17 Tahun 2015, Di Indonesia alat tukar yang sah hanya satu rupiah.
Muhamad Rizky Ramadhan, Wita Juwita Ermawati, Anna Fariyanti
Research aims: This study aims to investigate herding behavior in the large-capitalization cryptocurrency market and analyze the role/influence of Indonesia's macroeconomic factors, namely inflation and interest rates, on herding behavior in the large-cap cryptocurrency market.Design/Methodology/Approach: This study used secondary data from the daily closing prices of five large-cap cryptocurrencies and Indonesia's macroeconomic data (inflation and interest rates) from April 2019 to December 2022 by using the Cross-Sectional Absolute Deviation (CSAD) model and Newey-West estimator regression approach to detect herding behavior with a modified independent variable model involving factors influencing herding behavior.Research findings: Based on the results using the Newey-West estimator, three main results were obtained. First, large-cap cryptocurrency investors tend to be irrational in their decisions and follow the decisions of others without reference to their beliefs or herding during the sample period. Second of the two macroeconomic factors studied, i.e., inflation and interest rates, only changes in inflation rates influence investor herding behavior. Third, the market is inefficient with the proven tendency of herding behavior in large-cap cryptocurrencies.Practical and Theoretical contribution/Originality: This study narrows down the research of previous studies by using cryptocurrency research objects with a large market capitalization (large cap). In addition, this research extends the research of previous studies by considering external factors related to macroeconomic conditions in Indonesia in general, such as the inflation rate and the interest rate. This study can provide information about financial behavior in the cryptocurrency market, especially herding behavior, so that investors and policymakers can be assisted in formulating investment strategies and regulating cryptocurrencies.Research limitation: This research was limited to using only cryptocurrency assets by not using crypto-tokens, non-fungible tokens (NFT), and other crypto-assets.
Transformasi digital menjadi tren global yang telah mengubah cara bisnis dan pemerintahan di seluruh dunia. Di Indonesia, pemerintah dan sektor swasta sedang mempercepat transformasi digital dengan mengadopsi teknologi blockchain sebagai solusi untuk meningkatkan keamanan data dalam operasi sehari-hari. Beberapa proyek blockchain di Indonesia telah dilakukan, seperti verifikasi dan validasi sertifikat pendidikan, penyimpanan data medis, dan sistem pembayaran. Namun, implementasi teknologi blockchain di Indonesia masih menghadapi beberapa tantangan, seperti regulasi yang belum jelas, infrastruktur yang masih terbatas, dan kurangnya pemahaman tentang teknologi blockchain. Oleh karena itu, diperlukan dukungan dari semua pihak untuk mempercepat adopsi teknologi blockchain di Indonesia. Penelitian dan pengembangan lebih lanjut harus dilakukan untuk mengoptimalkan potensi teknologi blockchain dan mempercepat transformasi digital di Indonesia.
Dalam Kaidah fiqh ada kaidah hukum dasar segala perbuatan ialah boleh kecuali ada dalil yang mengharamkan. Pada prinsipnya keberadaan bitcoin sebagai mata uang virtual diperbolehkan, karena telah diterima oleh berbagai kalangan masyarakat, tetapi persetujuan, legalitas serta pengakuan pemerintah harus dilihat sebagai hak dan kewajiban pemerintah. Hal ini Termasuk masalah penerbitan mata uang bitcoin, guna menghindari kemungkinan kemadharatan yang mungkin terjadi. Dalam kenyataannya, perdagangan Bitcoin saat ini lebih banyak digunakan sebagai spekulasi sehingga terdapat unsur gharar dan maisir yang terkandung dalamnya akad batil dan unsur yang dilarang oleh prinsip ajaran Islam. Menggunakan Bitcoin sebagai sarana investasi sangat spekulasi dan berisiko. Jika mengacu kepada alasan pengharaman riba maka ada riba dalam transaksi bitcoi yaitu berkaitan dengan pertukaran yang disyaratkan taqaabudh serta tamaatsul.Penggunaan Bitcoin juga terlihat dalam motode penolakan terhadap madharat, dengan ketidakjelasan dan mengandung unsur gharar dan maysir, terutaman legitimasi dari pemerintah yang tidak jelas mengenai penggunaan bitcoin, maka akan menyebabkan dampak negative yang sangat besar misalnya penyalah gunaan dana untuk kejahatan seperti tindak pidana terorisme dan Money Laundering. Oleh karena itu mencegah madharat leih diutamakan daripada mendadatangkan manfaat.Penelitian ini menggunakan pendekatan penelitian kualitatif deskriptif. Jenis penelitian yang digunakan adalah penelitian kepustakaan (Library Research). yakni dengan menelaah artikel, buku dan laman website untuk memperoleh data, teori dan konsep yang berkaitan dengan penelitian ini. In the Rules of fiqh there is a basic legal rule that all actions are permissible unless there is an argument that forbids it. In principle, the existence of bitcoin as a virtual currency is permissible, because it has been accepted by various groups of people, but government approval, legality and recognition must be seen as rights and obligations of the government. This includes the issue of issuing bitcoin currency, in order to avoid possible harm that might occur. In reality, Bitcoin trading is currently mostly used as speculation so that there are elements of gharar and maisir which are contained in vanity contracts and elements prohibited by Islamic principles. Using Bitcoin as an investment vehicle is highly speculative and risky. Referring to the reasons for prohibiting usury, there is usury in bitcoin transactions, namely related to the exchange required by taqaabudh and tamaatsul. The use of Bitcoin is also seen in the method of rejecting madharat, with ambiguity and containing elements of gharar and maysir, especially legitimacy from the government which is not clear regarding the use bitcoin, it will cause enormous negative impacts, for example the misuse of funds for crimes such as terrorism and money laundering. Therefore preventing harm is prioritized over bringing benefits. This research uses a descriptive qualitative research approach. The type of research used is library research (Library Research). namely by examining articles, books and website pages to obtain data, theories and concepts related to this research.
Kompas sebagai media pemberitaan nasional telah bertransformasi selama 57 tahun dalam perjalanannya sebagai “Amanat Hati Nurani Rakyat”. Selama itu, Kompas telah berkembang dari media cetak dan merambah ke dunia digital berbasis internet mengikuti dinamika masyarakat. Sebagai bentuk eksistensi dan upaya perjalanan sejarah tersebut, Kompas berkolaborasi dengan seniman digital membuat sampul e-paper edisi 27/6/2022 dalam format NFT (Non-Fungible Token). Sampul berbasis digital ini menjadi menarik untuk dianalisis karena merupakan kolaborasi khusus menghadapi dunia digital virtual yang semakin berkembang masif. Penelitian ini berusaha memaparkan kajian visual berdasarkan keilmuan desain komunikasi visual. Pembacaan makna visual ini akan menggunakan analisis semiotika visual secara kualitatif deskriptif dengan pembacaan tanda-makna menggunakan Triadik Sumbo. Kajian tersebut dibantu menggunakan teori tanda oleh Charles S.Peirce dan kode-kode dari Roland Barthes. Hasil yang diperoleh dari penelitian ini akan memberikan sebuah gambaran akan realitas visual berdasarkan perkembangan teknologi dan budaya visual. Bagaimana kode-kode yang terdapat dalam tanda visual sampul e-paper Kompas mampu mengungkapkan makna konotatif selain makna denotatif dari redaksi Kompas sendiri. Sehingga pembacaan tersebut akan memperkaya kajian desain komunikasi visual sebagai penghasil tanda visual dalam dinamika masyarakat dalam menghadapi gempuran produk digital.
Luh Gede Kusuma Dewi, Nyoman Trisna Herawati, Made Arie Wahyuni
This research aims to determine the effect of perceived benefits, perceived convenience and perceived risk on cryptocurrency investment interest in the province of Bali. The population of this research are all students in the province of Bali. The sampling method in this research used a non-probability sampling method with an accidental sampling approach. The results indicate that The Effect of Perceived Benefits (X1) has a significant effect on Cryptocurrency Investment Interest (Y); The Effect of Perceived Ease (X2) and The Effect of Investment Risk (X3) has no significant effect on Cryptocurrency Investment Interest (Y). Based on the results of the R-Square test, perceptions of benefits, perceptions of convenience, and investment risk affect interest in cryptocurrency investment by 21.9%, while the remaining 78.1% is influenced by other variables outside of this research. It is hoped that this research will be useful for the development of future research.
 Key words : perceived benefits; perception of convenience; risk perception; investment interest; cryptocurrency
I Putu Okta Priyana, Made Ayu Jayanti Prita Utami, Upayana Wiguna Eka Saputra
With the use of blockchain technology, this research sought to understand the applications, benefits, and limitations faced by circular economy-based businesses. This research was conducted at the Plastic Bank Company, which used a digital conference room to allow interviews that could not be conducted in person, as well as the researcher's residence for online data gathering and document review. Five management members of the Plastic Bank Company comprise the sample population. The information used is first-hand information derived from interview findings. In order to acquire data, several methods including interviews, document analysis, and observation were applied and tested by Triangulation. The findings of this study revealed: 1) Companies with a circular economy may employ blockchain technology to change supply chain operations, tracking, and tracing. 2) Blockchain technology has benefits for businesses based on the circular economy, including easier distribution management, less duplicate papers, increased cost effectiveness, and the ability to turn plastic trash into digital cash. 3) The general public is still unaware of the use of blockchain technology for businesses that rely on the circular economy. Furthermore, the company's success is constrained on a small scale due to the absence of finance from affiliated parties. Therefore, in order to grow the use of technology on a big scale, this circular-based economy firm for plastic banks has to strengthen its performance and efforts.
Nurul Huda, Yeremias Lake, Detson Ray Halomoan Sitorus
Tujuan dilaksanakannya penelitian ini adalah untuk mengetahui apa saja strategi yang dapat diterapkan oleh para investor aset cryptocurrency agar mendapatkan tingkat return yang optimal. Pendekatan metode yang digunakan dalam penelitian ini adalah kualitatif library research. Sumber data yang dijadikan acuan dalam penelitian ini adalah data yang berasal dari artikel, buku, dan surat kabar dari media elektronik dengan kata kunci pencarian: cara berinvestasi crypto, teknik berinvestasi crypto dan strategi berinvestasi crypto. Data yang diperoleh kemudian dianalisis menggunakan software NVivo 10 Plus. Dari hasil penelitian ini didapatkan beberapa strategi berinvestasi pada aset cryptocurrency yaitu: menentukan tipe dan tujuan investasi, mempelajari aset cryptocurrency yang diminati, memilih aset cryptocurrency yang terpercaya, memilih exchange dan wallet yang aman, memperhatikan biaya layanan dan spread, jangan fears of missing out (FOMO), membeli pada saat harga rendah (support) dan jual ketika harga tinggi (resistance), melakukan diversifikasi dan migitasi risiko, berinvestasi di berbagai platform, tidak mudah panik dan berorientasi pada hold on for dear life (HODL), senantiasa mengikuti informasi perkembangan cryptocurrency, mengikuti dan bergabung pada komunitas cryptocurrency, dan rutin melakukan dollar-cost averaging (DCA).
Cryptocurrency instruments show an increase in the number of investors in Indonesia, the increase in cryptocurrency investors is even bigger than the number of stock investors in the Indonesian capital market, even though stock investors also increase. The increase in stock and cryptocurrency investors is an indication that the investment climate in Indonesia is starting to improve, this must be accompanied by increased financial literacy regarding the returns and risks of an investment instrument, this research is important considering that understanding the returns and risks of an investment instrument is crucial in the decision making. The test in this study uses a descriptive statistics and independent sample t-test, if the sample does not meet the requirements of the parametric statistical test, it will use the nonparametric statistical test Mann Whitney Test, which aims to determine whether there is a difference in return and risk of cryptocurrencies and sharia stock prices for the period January 2015 to October 2021. This study finds that there are significant differences in the returns and risk of cryptocurrencies and Sharia Stocks. Based on descriptive statistics, the standard deviation of cryptocurrency returns is greater than the standard deviation of Sharia stocks, indicating that cryptocurrency risks are higher than Sharia Stocks.
The transformation of information technology gave birth to the latest innovations, one example of which is public access to the financial transaction sector. The purpose of this study is to determine the effect of tax collection on cryptocurrency transactions and financial literacy on the intention to invest in cryptocurrency. This research uses a type of research using quantitative methods whose data uses statistical analysis and uses numbering. The population used in this study is all millennial generation in the istmewa area of Yogyakarta. The sample used for this study was a millennial generation with an age range of 18-50 years totaling 114 people. Sample collection technique with snowball sampling model where the distribution of questionnaires to resonence is carried out online, how to distribute questionnaires using social media (WhatsApp, Twitter, and Instagram). The study used multiple linear regression analysis. In the research that has been done, it can be concluded that tax collection on cryptocurrency transactions does not have an influence on investment intentions. Financial literacy has a positive influence on the intention to invest in cryptocurrencies. The results of research and discussion of each variable illustrate that financial literacy has an influence on the intention to invest in cryptocurrency for respondents, most of whom are students. This proves that financial literacy such as understanding and skills in managing finances have been applied well by students when deciding to invest.
The objective of this paper is to analyze the debate about cryptocurrency as money from an Islamic point of view. Money in Islam that is based on urf of custom has also some requirements, such as its stability. Some fatwas in Indonesia regarding the legitimacy of cryptocurrency must be evidenced with an empirical-based. The study used 25 cryptocurrency prices and related information. By employing ARCH and GARCH, the study revealed that cryptocurrency is hugely volatile and, thus, does not fulfill such criterion as money from an Islamic perspective, and is normally used for speculation. Hence, this study suggests that cryptocurrency is still reluctant to be used for a transaction.
Charity organizations are susceptible to the same kinds of fraud that harm businesses because donors lack confidence in how their money is being used. the requirement to provide a unified platform for monitoring donations that will monitor all data related to donations transactions and donors Lack of trust on the part of donors in how donations are used is a result of skepticism over how donations are used. Building a single platform for tracking donations that would manage all information regarding gift transactions is essential since charities are vulnerable to fraud that affects corporations, such as executive misuse of funds and embezzlement. Keywords—Transparent system, Smart contract, Blockchain, Charity, Ethereum, Digital charity.
Diaz Pranita, Sri Sarjana, Budiman Mahmud Musthofa, Hadining Kusumastuti · 5 authors
Smart destinations require a management system that provides convenient real-time use of digital technology in creating, communicating, and delivering value to visitors. Research related to smart island destinations is still limited, let alone those that utilize blockchain technology to create the smartness of the destination. This research is an empirical study that captures the perceptions of stakeholders in the blue economy on smart islands and the use of blockchain technology in order to build smart islands, a destination that consists of many islands that lack connectedness, such as the Seribu Islands in Jakarta, Indonesia. Data were collected using qualitative and quantitative approaches (mixed methods). Qualitative data were collected from scientific journal publications and followed up with VOS viewer analysis, and quantitative data with the questionnaire survey responses from 150 blue economy industry players in the Seribu Islands and structural equation modeling showed that good digital literacy and blue economy management have significant influence on blockchain technology and impact smart islands. This study indicates that, for islands that have challenges in accessibility and connectivity, the presence of blockchain and smart technology is needed to integrate various resources from each stakeholder so that the blue economy in the islands can be developed more effectively and efficiently, while at the same time ensuring the achievement of sustainability.
Muḥammad Muḥammad, Driana Leniwati, Agung Muhammadiyah Prasetyo N.W, Ahmad Juanda · 6 authors
This research is motivated by the increase in the number of investors from 2019-2021. This increase indicates that the Indonesian people have become increasingly interested to invest in cryptocurrencies while the price of cryptocurrency is very volatile so that it can be formulated in this study what factors cause investors to be interested to invest in cryptocurrencies based on attitude, subjective norms and perceived behavioral control. This study aims to determine the effect of attitude, subjective norms and perceived behavioural control on the intention to invest in cryptocurrency. This study used a quantitative approach with primary data of survey questionnaire to collect from a sample of 81 respondents using non probability with convenience sampling method. The collected data in this study was analysed using Structural Equation Model-PLS. The results of this study state that attitude, subjective norms and perceived behavioural control have a positive significant effect on the intention to invest in cryptocurrency

 The quality of the Maluku Province's financial performance is measured by the degree of decentralization ratio showing the low financial performance of the Maluku Province in 2017-2021 out of a total count of eleven city districts. If you calculate the total average value of the degree of decentralization ratio for 2017-2021 Maluku Province is 4.09%. This figure illustrates that the quality of Maluku Province's financial performance is very low in the 2017-2021 period. The financial independence ratio of Maluku Province is instructive with the average percentage of districts/cities below 25%, meaning that Maluku Province's dependence on central government assistance is quite large for financing regional development. The regional financial effectiveness ratio of Maluku Province is in the category of ineffective regional financial performance. Of the eleven regencies/cities of Maluku Province, only five regencies/cities are categorized as effectively balanced, but the 2017-2018 period is not complete for the 2017-2021 period. The accumulative total analysis shows that Maluku Province is classified as an ineffective regional financial province.
 Keywords: Quality of financial performance; Maluku Province.
This research is to find out and analyze NFT as an object of income tax in Indonesia and the Indonesian Government's efforts to realize it. Through the normative juridical method, research was produced that the essence of the income obtained from the NFT is income that goes into the object of income as contained in article 4 paragraph (1) of Law Number 36 of 2008 concerning Income Tax, however, the imposition of income tax in NFT transactions is still self-assessment, where taxpayers must calculate, pay and report independently, considered prone to causing non-compliance of taxpayers due to a lack of correct understanding regarding the mechanism of taxation. Until now, Indonesia does not yet have regulations that can accommodate the development of digital financial assets and products, especially for NFTs so it is prone to causing taxpayer non-compliance because special tax regulations have not been established regarding income from NFTs.
Adhi Kusnadi, Yandra Arkeman, Khaswar Syamsu, Sony Hartono Wijaya
Consuming halal food is mandatory for Muslims, but meeting the growing demand for halal products has been a challenge for Muslim producers. Importing halal products from non-Muslim countries can raise doubts about their halal status. Therefore, a traceability system is needed to ensure the halalness of products. This research proposes a new traceability system by utilizing ERP, Blockchain, and smart contract technologies based on HAS 23000. This study is the first to combine these technologies. Using the System Development Life Cycle (SDLC) method, the design diagram has been successfully developed into an application system prototype. The use of ERP can help companies reduce operational costs, while the combination with blockchain technology ensures more transparent information, data protection, and system security. The system also uses smart contracts to make automated decisions. By managing the procurement of halal products, companies can ensure that products with halal assurance reach consumers.
Paulus Israwan Setyoko, Denok Kurniasih, Shadu Satwika Wijaya
The pandemic has resulted in changes to public policy, particularly in public budgeting. This is the case not only at the central level but also at local and village government levels. The challenge of changing public policy also occurs in the fiscal policy sector. Village governments are required to reallocate their budgets for activities to handle the pandemic and post-pandemic economic recovery. Hence, this article aims to describe changes in village government budgeting policy changes from the perspective of punctuated equilibrium in public policy studies. The data in this study were obtained through focus group discussions and secondary data collection. The study found that the political equilibrium of a policy cannot last forever. Policy changes occur if there is a change in the agreement between policy-making actors. Public policy changes have so far been understood to occur slowly and gradually. However, this article proves that it can occur drastically and within a short period of time. Keywords: fiscal decentralization, local autonomy, policy change, public finance, punctuated equilibrium public policy, rural local government budget