Is It Legal to Provide Liquidity on the Vexanium Decentralized Exchange in Indonesia?

Yustisia Pub Date : 2023-04-30 DOI:10.20961/yustisia.v12i1.69007

M. Multazam, Regita Amanah Huzairin, Sandika Putra Pratama, I. Irwansyah

{"title":"Is It Legal to Provide Liquidity on the Vexanium Decentralized Exchange in Indonesia?","authors":"M. Multazam, Regita Amanah Huzairin, Sandika Putra Pratama, I. Irwansyah","doi":"10.20961/yustisia.v12i1.69007","DOIUrl":null,"url":null,"abstract":"<div class=\"WordSection1\"><table width=\"566\" border=\"0\" cellspacing=\"0\" cellpadding=\"0\"><tbody><tr><td valign=\"top\" width=\"387\"><p>One of the platforms in the blockchain is a decentralized exchange. The existence of these platforms helps exchange crypto assets instantly in the blockchain ecosystem without having to exchange them at a central exchange. The liquidity guarantors of decentralized exchanges are liquidity providers. This study aims to assess liquidity providers' legal safety on Vexanium, Indonesia's first public blockchain. The normative method employed in this analysis of the laws and regulations related to blockchain in Indonesia involves a preliminary examination of the liquidity provision process. This study found that the decentralized exchange platform on the Vexanium blockchain still needs to meet the criteria as an electronic system following the laws and regulations. In addition, the absence of clear information about the parties in the platform makes the liquidity provision contract voidable. This research can be utilized for platform developers in the Vexanium blockchain to pay more attention to legal aspects in creating their platforms..</p></td></tr></tbody></table></div>","PeriodicalId":33244,"journal":{"name":"Yustisia","volume":" ","pages":""},"PeriodicalIF":0.0000,"publicationDate":"2023-04-30","publicationTypes":"Journal Article","fieldsOfStudy":null,"isOpenAccess":false,"openAccessPdf":"","citationCount":"0","resultStr":null,"platform":"Semanticscholar","paperid":null,"PeriodicalName":"Yustisia","FirstCategoryId":"1085","ListUrlMain":"https://doi.org/10.20961/yustisia.v12i1.69007","RegionNum":0,"RegionCategory":null,"ArticlePicture":[],"TitleCN":null,"AbstractTextCN":null,"PMCID":null,"EPubDate":"","PubModel":"","JCR":"","JCRName":"","Score":null,"Total":0}

引用次数: 0

Abstract

One of the platforms in the blockchain is a decentralized exchange. The existence of these platforms helps exchange crypto assets instantly in the blockchain ecosystem without having to exchange them at a central exchange. The liquidity guarantors of decentralized exchanges are liquidity providers. This study aims to assess liquidity providers' legal safety on Vexanium, Indonesia's first public blockchain. The normative method employed in this analysis of the laws and regulations related to blockchain in Indonesia involves a preliminary examination of the liquidity provision process. This study found that the decentralized exchange platform on the Vexanium blockchain still needs to meet the criteria as an electronic system following the laws and regulations. In addition, the absence of clear information about the parties in the platform makes the liquidity provision contract voidable. This research can be utilized for platform developers in the Vexanium blockchain to pay more attention to legal aspects in creating their platforms..

查看原文本刊更多论文

在印度尼西亚的Vexanium去中心化交易所提供流动性合法吗？

区块链中的一个平台是去中心化交易所。这些平台的存在有助于在区块链生态系统中即时交换加密资产，而无需在中央交易所进行交换。去中心化交易所的流动性担保人是流动性提供者。本研究旨在评估印尼首个公共区块链Vexanium上流动性提供商的法律安全。本次分析印尼区块链相关法律法规所采用的规范方法涉及对流动性提供过程的初步审查。本研究发现，Vexanium区块链上的去中心化交易平台作为一个符合法律法规的电子系统，仍需满足标准。此外，由于平台中缺乏明确的当事人信息，流动性备付合同也变得无效。这项研究可供Vexanium区块链中的平台开发者在创建平台时更加关注法律方面。。

本文章由计算机程序翻译，如有差异，请以英文原文为准。

求助全文

约1分钟内获得全文求助全文

来源期刊