there will be no impact at all
Indonesia is not a country that has a large volume in crypto transactions
so i don't think it will affect the price of crypto at this time
[/quote]
I agree with you there nothing impact price effect in cryptocurrency and nothing update about indonesian government about cryptocurrency legalization.
As i know last i heard government of indonesia warning for their peoples about using of crypto is dangerous because not stable currency and indonesian believe using crypto is looks like betting in gambling.
Please correct if i am wrong.
Topic: Bitcoin in Indonesia is not legal (Read 1935 times)
I'll tell you a big secret but bitcoin in many countries is not legal
Its true in Indonesia, Bitcoin is not legal for used in transaction. But in Bali island, most people in there using Bitcoin for transaction
It's true, bitcoin in Indonesia is not yet considered legal. But, as long as there is no prohibition on having bitcoin. For me, that doesn't matter. I believe, as time goes by. One day, the Indonesian government will legalize bitcoin, although not as a means of payment
a number of Bitcoin users in Indonesia have already more and more and unfortunately Indonesia still has not legalized Bitcoin as a digital currency in the crypto world. nothing can prohibit people for owning Bitcoin as long as there is still the internet world to access it. yes I also believe that in the future Indonesia will legalize Bitcoin because digital currencies can help the economy of the people and can to be as a valuable asset in the future.
In Indonesia there is no official rule from the government regarding the legality of bitcoin ... the government only prohibits using bitcoin as a transaction tool in Indonesia and the government also warns to bear all risks for the bitcoin users themselves...
Yes, I see that Indonesian government tends to be too late in accepting an innovation that was born to facilitate financial transactions using Bitcoin. I really appreciate that the Japanese government has legalized Bitcoin in its country, so it is very transparent for Bitcoin users and the government. Hopefully in the future the Indonesian government can legalize Bitcoin.
It's true, bitcoin in Indonesia is not yet considered legal. But, as long as there is no prohibition on having bitcoin. For me, that doesn't matter. I believe, as time goes by. One day, the Indonesian government will legalize bitcoin, although not as a means of payment
bitcoin is not legal in Indonesia in the sense that there are no binding regulations yet, but bitcoin is also not illegal while they comply that the only payment element received in Indonesia is the rupiah. so you are still allowed to do digital bitcoin investment / trading activities. but you are not allowed to buy products or goods using bitcoin. The government's decision is still unclear about the future of bitcoin, but what I know for sure is that the Indonesian president Mr. Joko Widodo made a speech that blockchain is a technology that must be accepted and faced by all Indonesian people, maybe this could be a positive sign.
For my own knowledge is that the government of indonesia is setting up a regulation to somehow legalize or implementing bitcoin as a legal and as a currency, 30% i think of the people of indonesia has using bitcoin illegal.
Bitcoin in Indonesia is not legal yet, all buying and selling activities must use rupiah. In the past many sellers offered payment with bitcoin, now they can't. the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
you can't use bitcoin payment in Indonesia because indonesia have Rupiah for buy and sell product Around teritorial of Indonesia. when you use bitcoin for payment, that's Ilegal. Bitcoin can use just for investment Instrument. you can keep your bitcoin into exchange or your own wallet, but dont use it for buy something like smoke, hotel, tiket,etc in Indonesia. 
in my opinion if it's true like that, the news will have no impact for bitcoin users in Indonesia. because the government only regulates not to buy and sell using bitcoin, but does not ban bitcoin in Indonesia. even though bitcoin is not able to buy and sell in Indonesia, but bitcoin users in Indonesia can still use bitcoin for investment, so the decision has no impact on bitcoin users in Indonesia.
Bitcoin in Indonesia is not legal yet, all buying and selling activities must use rupiah. In the past many sellers offered payment with bitcoin, now they can't. the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
In Indonesia, people can not use bitcoin for paying goods in merchant because government not regulating yet. But Indonesia have local exchanger, thats mean bitcoin is like commodities and people can trade legally
in my opinion it will not have an impact on bitcoin even though bitcoin users in Indonesia are quite large, but we can still use bitcoin in trade, what we have to do is wait for government policies to change about bitcoin, so we can use bitcoin for payments before government
Even though in Indonesia the bitcoin is not legal, but i think soon it will become legal there and all the other countries as well.
My prospective Bitcoin can't Legal or illegal in Countries because It's a Blockchain technology not their Property They can do anything with blockchain technology it because it works itself.
So they can try to Stop Buy Selling Ways that is in their hands.
So I mean Bitcoin is Legal Everywhere it's Government property.
So they can try to Stop Buy Selling Ways that is in their hands.
So I mean Bitcoin is Legal Everywhere it's Government property.
Bitcoin in Indonesia is not legal yet, all buying and selling activities must use rupiah. In the past many sellers offered payment with bitcoin, now they can't. the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
there will be no impact at all
Indonesia is not a country that has a large volume in crypto transactions
so i don't think it will affect the price of crypto at this time
To put things into perspective, most country governments do not support the use of bitcoin because it is decentralized and impossible for them to control. But decentralized blockchain and crypto is a market by itself. The moment the demand picks up... more people will want to come in.
So it doesn't matter how much of regulation they want to impose. Because they can only control centralized cryptos, which is not going to be high in demand.
So it doesn't matter how much of regulation they want to impose. Because they can only control centralized cryptos, which is not going to be high in demand.
Illegal?
It depends on what you do with your money!
If you hold bitcoins in your wallet you don't give a shit about people saying it's illegal ^^
Nobody will ever know you own those BTC !
It depends on what you do with your money!
If you hold bitcoins in your wallet you don't give a shit about people saying it's illegal ^^
Nobody will ever know you own those BTC !
In my opinion it is very unfortunate if the government in Indonesia has not legalized bitcoin because in my opinion bitcoin can bring benefits to its users. Maybe if the government is willing to accept and legalize bitcoin in Indonesia, the economy in Indonesia might be even better.
i think country like Indonesia should accept the bitcoin because to take it has advantage ,utilize the technology and to grow economically .
Bitcoin in Indonesia is not legal yet, all buying and selling activities must use rupiah. In the past many sellers offered payment with bitcoin, now they can't. the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
I think now that it has not had any impact on the progress of bitcoin, because the rupiah is already attached to the Indonesian state, and is the country's currency. so I don't think it's influential, which is very influential in legalizing and not legalizing the government.
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