Legal Protection For Consumers In Non-Fungible Token Land Transaction Based On Law Number 4 of 2023

Authors

  • Krisman Josua Sinambela Universitas HKBP Nommensen Medan
  • Janpatar Simamora Universitas HKBP Nommensen Medan
  • Ria Juliana Siregar Universitas HKBP Nommensen Medan

DOI:

https://doi.org/10.24252/jurisprudentie.v12i2.62495

Keywords:

Consumer protection, Non- fungible token, Digital Land

Abstract

The development of digital technology has enabled the emergence of Non-Fungible Tokens (NFTs) as digitally authenticated assets recorded on blockchain networks, including their use in representing ownership of digital land within metaverse ecosystems. However, Indonesia has not yet formulated explicit regulatory provisions governing the legal classification of NFTs, the scope of supervisory authority, or the standards for consumer protection. This regulatory absence results in legal ambiguity regarding the placement of NFTs within the framework of Financial Sector Technology Innovation (ITSK) under Law No. 4 of 2023, and simultaneously presents risks to consumers, including fraud, data misuse, loss of access to digital assets, and a lack of clear accountability mechanisms on NFT platforms. This research examines the legal status of NFTs in relation to ITSK and analyzes the adequacy of current consumer protection measures in NFT-based digital land transactions. Through a normative juridical method, the study finds that NFTs have not been formally classified within ITSK, nor assigned to a definitive supervisory authority, whether OJK or Bappebti. As such, consumer protection remains reliant on general norms under Law No. 8 of 1999, which are insufficient to address the specific risks inherent in NFT transactions. This research recommends the issuance of derivative regulations by OJK and/or Bappebti to clarify NFT classification, establish platform obligations, and strengthen consumer protection.

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Published

2025-12-17

How to Cite

Sinambela, K. J., Janpatar Simamora, & Ria Juliana Siregar. (2025). Legal Protection For Consumers In Non-Fungible Token Land Transaction Based On Law Number 4 of 2023. Jurisprudentie : Jurusan Ilmu Hukum Fakultas Syariah Dan Hukum, 12(2), 215–225. https://doi.org/10.24252/jurisprudentie.v12i2.62495

Issue

Vol. 12 No. 2 (2025): Volume 12 Nomor 2 Desember 2025 (In Press)

Section

Volume 12 Nomor 2 Desember 2025

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Copyright (c) 2025 Krisman Josua Sinambela, Janpatar Simamora, Ria Juliana Siregar

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