Jurisdiction of Digital Currency as Part of the Commodity Market as Bankruptcy Assets in the Event of Bankruptcy Under the Law in Indonesia

The study aims to explore the legal framework for the possibility to use digital currency as a guaranteed assets in case of bankruptcy as per Indonesian law. The digital currency is rising at rapid pace all over the world and its time to formulate, ammend laws related to firm bankruptcy laws which can use digital currency as guarantee assets. The sale of bankrupt assets (boedel pailit) in the form of digital currency is something that must be done to pay off all forms of debt in the event of bankruptcy. This study uses a normative juridical research method approach, namely by examining legal issues with library materials which include research on legal principles, legal systematics, and legal history along with online published material available in legal reports, books and journals. The content analysis technique was used for data analysis and results revealed several new regulations requirements to adjust this emerging legal need of time. Study provides multiple theoretical and practical implications and future research directions for the scholars, practitioners and policy makers.