Topic: Bitcoin in Indonesia is not legal - page 13. (Read 1935 times)
It's not unusual. Indonesia is same as almost all of the other countries. Bitcoin is not accepted by governments yet. It's not an official currency and it's not used for buys and sells. The fiat money is still the most common currency all around the world.
Bank Indonesia issued a press release on Jan. 13, warning its citizens against the use of selling, buying or trading cryptocurrency and reiterating that virtual currency is not legitimate within Indonesia.
Indonesia in general is very poorly developed economically. It is a fairly poor state greatly lagging behind in the development of the economy. In some of its parts, generally the money appeared less than a century ago) Therefore, it is not worth waiting for them to connect quickly to new technologies. And even more so as from this to repulse.Also, the state has fairly strict laws, which in turn will also impede the acquaintance with the Bitcoins.
I think in Indonesia, bitcoin is not legalized as a means of payment, but if it is used as an investment such as gold is not prohibited, globally this does not have too much impact, it may only affect bitcoiners in Indonesia, the ban on bitcoin as a means of payment because of laws governing legal payment instruments are only rupiah
The Bank Sentral Republik Indonesia announced that digital currencies are neither currency nor legal payment tools in Indonesia. It also advised people to stay away from Bitcoin and other virtual money. However, since then no actions have been taken against local crypto-exchanges and trading coins as well as organizing ICOs are still technically legal in this country.
I tried to search the news for bitcoin. As given by you no information could be collected that bitcoin is illegal in Indonesia.
And where did he say that bitcoin was illegal?
He said bitcoin was not a legal method of payment, and yes that's 100% true.
https://www.internationallawoffice.com/Newsletters/Banking/Indonesia/Ali-Budiardjo-Nugroho-Reksodiputro/Mandatory-use-of-the-rupiah-in-Indonesia
Quote
Bank Indonesia has issued Regulation 17/3/PBI/2015 concerning the mandatory use of the rupiah within the Indonesian territory, which applies to cash transactions as of March 31 2015 and non-cash transactions as of July 1 2015. The regulation implements the Currency Law (7/2011).
Or simply said, only the rupiah is a recognized currency and paymenth method in Indonesia.
So, there is no "FUD", it's a fact known for years!!!
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?
broo, as long as the web is concerned with bitcoin and this forum is not blocked by the government, I don't think that is a big problem because we can still interact with bitcoin. I know that the development of bitcoin in Indonesia is very wide, but maybe the government's way not to legalize bitcoin is to support the rupiah currency so as not to lose competition with other currencies. After all, there are also many issues from officials in Indonesia who have supported the existence of bitcoin in Indonesia, so I don't think there is a need to worry. 
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?
Not yet, that's not true because there is no official rule that says Bitcoin is illegal. In Indonesia the Government is still awaiting and they are only giving a call that digital currency is a risky thing. for me Indonesia is one country that has a very large number of Bitcoin users, Indonesia has a number of people who are very interested in a technological advance.
Having to buy bitcoin with your local currency is something, Having bitcoin trading banned completely is something entirely different. There is no issue if your country is only allowing you to trade bitcoin with rupiah.
it is important to know FUD that when some untrusted source talks about "bitcoin ban" your first assumption should always be that they are lying to you and it is always correct. the fact is only one or two countries like Bangladesh has already banned bitcoin and the rest of the countries in the world (99%) have not done anything like that.
your Indonesian case is a clear case of FUD.
your Indonesian case is a clear case of FUD.
ndonesia's central bank and the National Police on Bali are coordinating investigations into alleged electronic money transactions. Indonesian people have also been informed. It is against the law to buy, sell or trade electronic money.
Unless the Indonesian gov't releases an official statement, anyone can still use bitcoin at their own will, just not to the extent that banks can facilitate bitcoin-related deposits and withdrawals. This is actually a normal reaction from a government that has yet to come up with their definition of the cryptocurrency relating to their constitution. There's still room for reconsideration since the government hasn't released a law yet.
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?
Very good thinking and I like the way you think because thinking like you is a bit draining my mind to understand very well about bitcoin in the country of Indonesia.In my opinion, it is still unclear how the state of bitcoin in the Indonesian country is illegal because that is not true because there are no official rules that say Bitcoin is illegal. In Indonesia the government is still waiting and they only give a call that digital currency is a risky thing. for me Indonesia is one country that has a very large number of Bitcoin users, Indonesia has a number of people who are very interested in technological progress even with the development of bitcoin more and more people believe it.
Well that doesn't say that retailers can't still accept bitcoin for unofficial payments, does it? Just because the government says all transactions must be done in rupiah doesn't necessarily mean that it is impossible to use bitcoin. India is experiencing a similar situation right now where their banks are prohibited from dealing with bitcoin, but their people aren't, at least yet.
So the large network of users in Indonesia can still transact between each other. Peer to peer, not necessarily business to client. That's technically not illegal, right?
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 genuinely think that much of the impact is done by big exchanges and huge whales. Normaly Crypto holders are strong believers and these news should not impact them.
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?
Very good thinking and I like the way you think because thinking like you is a bit draining my mind to understand very well about bitcoin in the country of Indonesia.In my opinion, it is still unclear how the state of bitcoin in the Indonesian country is illegal because that is not true because there are no official rules that say Bitcoin is illegal. In Indonesia the government is still waiting and they only give a call that digital currency is a risky thing. for me Indonesia is one country that has a very large number of Bitcoin users, Indonesia has a number of people who are very interested in technological progress even with the development of bitcoin more and more people believe it.
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?
Not yet, that's not true because there is no official rule that says Bitcoin is illegal. In Indonesia the Government is still awaiting and they are only giving a call that digital currency is a risky thing. for me Indonesia is one country that has a very large number of Bitcoin users, Indonesia has a number of people who are very interested in a technological advance. 
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
I tried to search the news for bitcoin. As given by you no information could be collected that bitcoin is illegal in Indonesia. Following are the links in favour of my statement.
https://en.wikipedia.org/wiki/Bitcoin_Indonesia
https://steemit.com/bitcoin/@heiditravels/bitcoin-in-indonesia
Please note ; while posting such type of information if supporting new is enclosed it will be better. Otherwise no use.
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?
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