Pengaturan Hukum Dan Tantangan Transaksi Forex Di Indonesia (Legal Regulations and Challenges of Forex Transactions in Indonesia)

Abstract

The forex market opens up economic opportunities for high profits but also poses a variety of risks, especially for novice traders who are vulnerable to fraud. understanding the rules of the forex market in Indonesia is crucial to ensure investor safety. Laws and regulations, especially law no. 32 of 1997 was replaced by law no. 10 of 2011 related to the buying and selling mechanism in the commodity futures market becomes the legal basis, while BAPPEBTI plays a major role in monitoring the forex market. This research formulates the main problem is how the regulation of forex transactions in Indonesia and what are the forms of legal risk in Indonesian forex transactions. This research uses a normative approach through library research. Secondary data is obtained from primary, secondary, and tertiary legal materials. Qualitative data analysis is used to describe the essence of the problem accurately and in an organized manner. The regulation of forex transactions in Indonesia involves law no. 10 of 2011 as well as BAPPEBTI regulations, its use emphasizes the aspects of licenses and permits. Then legal risks involve market fluctuations, high leverage, potential fraud, active role of supervision, and technological risks. An orderly, efficient, and transparent trading environment, in line with the MUI Fatwa which gives permission to forex transactions on condition that they comply with Islamic Law. Market participants need to make informed decisions, manage risks, maintain privacy and security, and understand the process.