Topic: Bitcoin in Indonesia is not legal - page 3. (Read 1935 times)
I don't see how they can enforce such a law, there are many street markets in Indonesia and they are unable to collect taxes and monitor what people use for payments.
Indonesia is not such a big country to have a serious impact on bitcoin. Therefore, its ban will not have much importance for the crypto-currency world, although this news is still negative.
Indeed, bitcoin in Indonesia is not legal, but it is not prohibited. It can be used as an investment, but all the risk of loss is borne alone because the government considers bitcoin to be too high in fluctuations. Even in Indonesia there is a place to exchange bitcoin for fiat money.
Bitcoin is not yet a legal currency in many countries, but this does not prevent people living in such countries from continuing to use cryptocurrencies. No one can forbid you to have internet at home. And in order to use cryptocurrency, you only need the Internet and nothing else.
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?
Whether the outcome is good or bad, it cannot last. Many governments in the world are closing the door on crypto currency as they perceive a threat to their banking systems. But the fact is, crypto currency is here to stay. It's only a matter of time before it's adopted on a widespread basis. So my advice to you is to wait and watch.
indeed bitcoin in Indonesia is still illegal, but in my opinion it doesn't matter because the government hasn't banned bitcoin. in Indonesia we can still search for bitcoin, although bitcoin cannot be used like the rupiah. although illegal, there is no influence for crypto investors.
Bitcoin's illegality can only be enforced if people perform transactions on exchanges. Governments can shut them down. Once these are no longer necessary governments won't be able to have any power over its use aside from preventing brick-and-mortar shops from accepting bitcoin, places where less and less people make purchases.
It is true that bitcoin in Indonesia is illegal. This means that in Indonesia there are no legal rules governing bitcoin, but there is also no government ban on the use of bitcoin. This shows that bitcoin in Indonesia is not protected by the government but not banned, and every bitcoin user is responsible for the bitcoin problems they face, such as theft and so on. If this is the case then it will not have a negative impact on bitcoin and in my opinion it has a positive impact where bitcoin can develop in Indonesia, and now it appears that many Indonesians have bitcoin and do bitcoin transactions 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?
Not only in Indonesia but in many countries Bitcoin is not legal yet, I am from India and here even local Bitcoin exchanges are not allow to send or receive money from any of nationalize bank but I think its does not affect Bitcoin value, people are still investing into bitcoin, all transactions in any country can be done thr local currency and local currency can be purchased against bitcoin, I hope governments will realize the power of blockchain concept one day.
I am an Indonesian ... in Indonesia bitcoin is still banned by our government, but there are many people who are interested and bitcoin players and some secretaries of the state already know about bitcoin ... and I hope that in Indonesia it can be legalized soon.
Undoubtedly, this is not the most pleasant news for bitcoin, but I hope that after a certain amount of time the government of this country will understand that there is nothing to fear, the cryptocurrency does not carry any threat and will accept this technology.
For now it may still be said to have a negative impact, because in Indonesia, the regulation on asset payments every year will be very difficult to track if the people in Indonesia divert their assets in bitcoin.
Indonesia is not such a big country to have a serious impact on bitcoin. Therefore, its ban will not have much importance for the crypto-currency world, although this news is still negative.
Not yet" Indonesia not banned in Bitcoin and it have yet use legally,I do not come this country but basically I have read some articles response about Bitcoin in Indonesia.
Although there is no regulation for bitcoin in Indonesia, as far as I know, there are no laws or government regulations or regulations that state that bitcoin is illegal in Indonesia. Evidently, until now people are free to trade bitcoin in Indonesia. If there is a rule that bitcoin is illegal, I believe. Surely there will be no people who sell or buy bitcoin in Indonesia 
They already have regulation in Indonesia and it is in a form of memorandums being given by their Central Bank which is called Bank Indonesia, so there is no need for rules or laws as memorandum just like in any other country is still good as a law and is binding in front of the court. So if you are planning to use Bitcoin in Indonesia as a form of payment think again, it might be an entrapment operation set by their government which could probably make you end up in jail and serve some time.
Although there is no regulation for bitcoin in Indonesia, as far as I know, there are no laws or government regulations or regulations that state that bitcoin is illegal in Indonesia. Evidently, until now people are free to trade bitcoin in Indonesia. If there is a rule that bitcoin is illegal, I believe. Surely there will be no people who sell or buy bitcoin in Indonesia
Bitcoin is already gaining prominence in some countries, e.g Korea, Japan, US, Germany, while others such as India, Indonesia, China etc are placing restrictions on the use of bitcoin as a legal tender, Eventually those at the odd side of the divide (those against it) will eventually have a rethink and relax the rules
In principle, Indonesia prohibits bitcoin as a means of payment, because in Indonesia all payments must use rupiah. However, does not prohibit bitcoin as an investment, because the role of the government only warns of the impact of bitcoin, such as the protection of bitcoin owners, high volatile prices, the risk of bitcoin theft, and anonymous factors that criminals can use.
It seems like there are a lot of indonesians on bitcointalk. Even if it's banned they can still trade it online without the government knowing. Since wages in their country are so low they can make more here.
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 try to understand what you are saying, and indeed bitcoin in Indonesia is not legal, but it is also not illegal. This means that in Indonesia there are no legal rules governing the use of bitcoin, but also there is no legal rule that prohibits the use of bitcoin. Thus means in Indonesia it is still permissible to use bitcoin, but does not get legal protection from the country, where when we lose the bitcoin that we have or stolen by someone else, and there is a fraud against bitcoin that we have, the state will not compensate for the loss, and we cannot ask the state to solve the problem. This situation in my opinion will not have much effect on bitcoin, because Indonesia is also not the biggest majority of the use of bitcoin.
Indeed, it has not been recognized for the Indonesian state, but there are PTs that manage crypto, besides that the community is quite a lot. INDODAX as proof that Indonesia has an exchange that is able to provide satisfaction to the Indonesian community.
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 my opinion this is not true, where I have been searching for news about illegal bcc I have not found, and moreover there is no prohibition to buy or sell using the rupiah, and moreover it seems that the Indonesian government also never forbids its citizens to use sell or buy btc , you give news like this is worthy of questioning where do you get that from? Jump to: