IDEAS home Printed from https://ideas.repec.org/a/idn/jclijn/v1y2022i3ep455-480.html
   My bibliography  Save this article

Digital Constitutionalism Era In The Development Of Banking Law In Indonesia

Author

Listed:
  • M. Pasha Nur Fauzan

    (Universitas Padjadjaran, Indonesia)

  • Muhammad Yoppy A

    (Universitas Padjadjaran, Indonesia)

Abstract

This article provides a philosophical examination of the Bitcoin concept of property rights protection. To that end, several fundamental questions must be addressed on the subject, including what money is, what purpose it seeks to serve, and how the system that supports it is related to the concept of property rights. Finally, it is important to identity what, if anything, Bitcoin has to offer in these matters. This article concludes that the primary function of money as a social institution is to store one’s labour as part of one’s property right. In comparison to fiat currency, Bitcoin is the superior medium of exchange. However, the ideological foundation of Bitcoin has philosophical issues: it is based on the false premises of absolute individual property rights derived from the concept of natural rights, which is incompatible with Indonesia’s economic commitment and goals of establishing a welfare state, as reflected in the constitution.

Suggested Citation

  • M. Pasha Nur Fauzan & Muhammad Yoppy A, 2022. "Digital Constitutionalism Era In The Development Of Banking Law In Indonesia," Journal of Central Banking Law and Institutions, Bank Indonesia, vol. 1(3), pages 455-480, Oktober.
    • Handle: RePEc:idn:jclijn:v:1:y:2022:i:3e:p:455-480
    DOI: https://doi.org/10.21098/jcli.v1i3.31
    as

    Download full text from publisher

    File URL: https://jcli-bi.org/index.php/jcli/article/view/31/27
    Download Restriction: no
    File URL: https://libkey.io/https://doi.org/10.21098/jcli.v1i3.31?utm_source=ideas
    LibKey link: if access is restricted and if your library uses this service, LibKey will redirect you to where you can use your library subscription to access this item
    ---><---

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:idn:jclijn:v:1:y:2022:i:3e:p:455-480. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Sudiro Pambudi or R. Dwi Tjahja Kusumo Wardhono (email available below). General contact details of provider: https://edirc.repec.org/data/bigovid.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.