Legal Literacy - Nowadays, referred to as the "post-information technology age," various new methods are emerging, including the processing, use, and dissemination of information. Currently, information is not only used as a source of knowledge but also as a commodity.[1]As information technology develops, alternative instruments for making payments other than using cash and demand deposits are also developing, both domestically and internationally.

In 2008, Satoshi Nakamoto published a book entitled Bitcoin - A Peer to Peer Electronic Cash System”. Then in 2010, cryptocurrencies began to emerge in the world.[2] Since that year, the price of the currency Cryptocurrency (hereinafter referred to as crypto) has also experienced a significant increase. This is what makes many people mine cryptocurrencies that are circulating in limited quantities. Etymologically Cryptocurrency consisting of 2 words, namely crypto which means secret and currency which means money.[3]

According to Rosic, crypto is an internet-based exchange tool for conducting financial transactions. Crypto utilizes decentralized blockchain technology; theoretically, crypto is immune to the control and interference of banks and governments. Furthermore, according to Hasemi et al., crypto is an online digital payment system using Society for Worldwide Interbank Financial Telecommunication (SWIFT) or Single Euro Payments Area (SEPA) in the European Union area. Crypto in its development is not only used for business purposes but also for remittances and micro payments.[4]

From the definition above, it can be understood that crypto is part of a new type of financial instrument that has been born and developed in this century as an implication of advances in information technology. This virtual currency can be used for electronic transactions. In addition, its owners also use crypto for investment and trading in a business context. These activities are carried out online without involving intermediaries such as banks. Transactions are carried out instantly without limits, quickly and easily.

In the context of the Indonesian state, quoting research conducted by Center of Economic and Law Studies (CELIOS) the three main investment products that are in demand by the Indonesian people are, mutual funds (29.8%), stocks (21.7%) and crypto assets (21.1%) with an average value of 500 thousand - 1 million rupiah. In line with this data, according to the Commodity Futures Trading Regulatory Agency (Bappebti) throughout 2022, the value of crypto asset transactions reached Rp306.39 Trillion.[5] If you look at the data, there has been a trend or style of shifting transactions in doing business towards crypto assets by the Indonesian people.