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May 22, 2025
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June 11, 2025
Published
May 31, 2025
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Abstract

Penelitian ini mengkaji fenomena rug pull dalam perdagangan cryptocurrency dan tanggung jawab hukum penyedia platform dalam melindungi investor, dengan fokus pada analisis regulasi di Indonesia dan perbandingannya dengan negara lain. Metode penelitian yang digunakan adalah yuridis normatif dengan pendekatan konseptual dan perundang-undangan. Hasil penelitian menunjukkan bahwa regulasi cryptocurrency di Indonesia masih terbatas pada pengaturan aset kripto sebagai komoditas melalui Peraturan Bappebti No. 7 Tahun 2020, tanpa memberikan mekanisme perlindungan spesifik terhadap praktik rug pull. Studi komparatif mengungkapkan bahwa negara seperti Jepang telah menerapkan model kolaboratif yang efektif melalui Japan Virtual Currency Exchange Association (JVCEA) yang menggabungkan regulasi publik dan self-regulation. Penelitian ini menemukan bahwa pencegahan praktik rug pull memerlukan integrasi tiga elemen kunci: penguatan regulasi domestik, implementasi teknologi blockchain untuk meningkatkan transparansi, dan harmonisasi regulasi internasional. Berdasarkan teori Intermediary Liability, penyedia platform memiliki tanggung jawab hukum signifikan dalam melindungi pengguna melalui mekanisme Know Your Customer (KYC), Anti-Money Laundering (AML), dan audit kontrak pintar. Penelitian merekomendasikan perluasan cakupan regulasi di Indonesia untuk mencakup kewajiban audit teknologi dan transparansi penuh bagi proyek cryptocurrency, serta pembentukan kerangka kerja kolaboratif antara regulator dan self-regulatory organizations.

Keywords

Cryptocurrency Rug pull Intermediary liability Regulasi, blockchain

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Copyright (c) 2025 Dzikry Sabara, Maslihati Nur Hidayati

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How to Cite
Sabara, D., & Hidayati, M. N. (2025). Urgensi Penguatan Regulasi Cryptocurrency di Indonesia dalam Mencegah Praktik Rug Pull: Analisis Model Kolaboratif Self-Regulation dan Public Regulation. Sang Pencerah: Jurnal Ilmiah Universitas Muhammadiyah Buton, 11(2), 639–653. Retrieved from http://www.jurnal-umbuton.ac.id/index.php/Pencerah/article/view/7267
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