Digital Trading Forex: Global Trends And Local Impact

Abstract

The emergence of digital forex trading is a form of technological progress as well as the impact of trade liberalization which is a product of globalization. Digital Trading Forex (DTF) is a form of commodity futures trading based on a digital platform that uses technology called Artificial Intelligence Technology (AI) and Blockchain. Many previous studies on forex trading, stock investment, legal relations between brokers and investors have been carried out, but none have focused on discussing the draft regulation of Bappebti that suits the needs of the digitalization era. Regulations in Indonesia that regulate trading activities are still limited to manual trading through online electronic systems, so it appears that there is a void of norms regarding global digital trading in Bappebti regulations. This void results in the absence of a standard for identification and verification of the legality of futures brokerage companies in the community. This is the beginning of many fraud cases that are not completely resolved. The blocking action taken by Bappebti to crack down on illegal brokers actually puts trading Customers suffering double losses and it is unlikely that the funds that have been deposited can be redistributed to the Customers. This is an interesting thing to study and analyze further, so that through this research will produce a design of an identification and verification system for brokers so that customers get proper legal protection by using a technological approach.