Regulation of Confiscation of Crypto Assets as a Result of Money Laundering Crimes in Indonesia

Abstract

This study examines the legal vacuum surrounding the confiscation of crypto assets derived from money laundering within Indonesia’s legal system. Although crypto assets are recognized as investment commodities, Indonesia lacks specific procedures that address their digital nature, resulting in technical obstacles and legal uncertainty. A comparative analysis with Australia and the United States shows that both jurisdictions have established comprehensive regulatory frameworks integrating AML/KYC obligations and digital asset confiscation procedures. This study highlights the need for Indonesia to reform its regulations to ensure legal certainty and adapt to the evolving crypto-asset landscape.