• Farah Nur Fauziah
  • Deddy Ahmad Fajar


Cryptocurrency, digital economy, Islamic law, the Koran


Cryptocurrency is a virtual/digital currency that has no physical form
and is found in cyberspace. One of several kinds of money crypto is
bitcoin . Use of bitcoin as a means of payment in transactions Online
buying and selling has recently become increasingly popular, even
though the government has banned it that practice. At the beginning of
2019, the Indonesian government published regulations regarding the
legalization of bitcoin in Futures Trading Commodity. The dual
function of bitcoin as a commodity and a means of exchange for
online transactions bring up the pros and cons among scholars and
economic experts. Study This aims to obtain answers regarding
cryptocurrency as a commodity in Indonesia and what are the
opportunities for bitcoin as a commodity subject on the Commodity
Exchange. The theory applied is the theory of business transactions
legitimate and false in Islam. This research is a literature study and is
of a nature qualitative. Data analysis technique used is analytical
descriptive with approach to Islamic law in the Koran, normative
juridical. From this research, the results showed that cryptocurrency
can traded on commodity exchanges with condition, the state protects
the trade with a legal umbrella as well issuing cryptocurrencies on
which the pricing rests gold or currency of that country. Bitcoin
cannot be used as a commodity in the Contract Sharia derivatives in
Indonesia, because bitcoin still contains speculation, gharar and
vulnerable used for illegal activities. Bitcoin is legal haram lighairihi
or haram due to external factors,