Bitcoin in Indonesia is not legal - page 4.

Selly Arumsari

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Quote from: stompix on August 02, 2018, 10:37:15 AM

Quote from: virendarnagpal on August 02, 2018, 06:16:49 AM

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

yes bitcoin not legal yet in indonesian, i think it just many store in indonesian not accept bitcoin yet for payment... but if you transactions with people who knows cryptocurrency i think it permitt.... so sad about goverment not accept bitcoin though in fact bitcoin is new thing from modern world, but no worries in my opinion bitcoin will be use many people or all people in the world include indonesian for transactions

bassbity

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Quote from: taquine on August 02, 2018, 06:09:50 AM

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?

Yes, it is true that in Indonesia all trading activities must use rupiah. so the Bitcoin holders must exchange their Bitcoin first against the rupiah for transactions. the government in Indonesia only reminds that digital currency is a risky thing. 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.

blueteam09

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📱 CARTESI 📱 INFRASTRUCTURE FOR SCA

Bitcoin is legalized or not legalized in any country that does not overwhelm it. Bitcoin uses the Blockchain platform. It transparently deals with keeping people together, but it guarantees identity security so the government can not control the Bitcoin owner, who thinks the ban does not affect it too big for it.

nealdlover

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Activity: 345

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In my opinion, this is only temporary, I think they have some conflicts that the state is rational handling. This situation will end in a short time when the state finds a specific cause and along with their BTC regulations. As far as I am aware, other countries not only Indonesia will have regulations for BTC when entering the economic sector of that country.

goodluck0319

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perhaps these measures are temporary, and therefore the moment of their cancellation may lead to growth

Shishir99

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Bitcoin is also not legal in my country.Buying and selling is also prohibited.But in my opinion it will be changed over time.
Governments are doing these because they are fearful of blockchain technology.Goverment created a centralised system which creates crisis in society.

abhi777

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Quote from: taquine on August 02, 2018, 06:09:50 AM

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?

bitcoin Indonesia is not illegal because bitcoin is only digital money and there is nothing dangerous with bitcoin. because bitcoin is a lawful job and does not harm yourself and others.

MTNAX

newbie

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There may be separate reasons why the Indonesian government still cannot accept bitcoin, but for now bitcoin is not yet acceptable because in Indonesia it issued a regulation if the transaction must use rupiah. Maybe someday the government can accept bitcoin so that the Indonesian population is easier to use, so the use of bitcoin will be more sustainable.

Janeetaa

newbie

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Indeed, in Indonesia, Bitcoin is not legal, but I don't think it affects the price of bitcoin because the transaction volume is still small. If I am a private bitcoin I make an investment.

Hammam9854

newbie

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The local exchange is already setup pair BTC-Rupiah. Every one who like to buy they will buy will local currency. If you think will give negative impact to BTC market i don't think so because cryptocurency market is still low in Indonesia.

Uccccc

newbie

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The Indonesian government issued a regulation if all transactions in any form must use rupiah cash, in the past in Indonesia many sellers have offered payment using bitcoin but for now it cannot happen and until now even all types of transactions must use rupiah cash.

KenChanYu

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Quote from: perla on September 11, 2018, 02:33:49 PM

Quote from: calandra78 on September 11, 2018, 08:02:00 AM

Quote from: Moblie_Legend on September 11, 2018, 07:55:31 AM

Quote from: manyu22 on September 11, 2018, 07:51:18 AM

Bank Indonesia states that Bitcoin is not a legal currency or payment instrument in Indonesia.

On that basis, BI asked the public to be careful in Bitcoin transactions in Indonesia.

There needs to be cooperation between stakeholders in addressing the presence of cryptocurrency. If there is already a framework, digital transactions can be smooth. It could also be an opportunity to improve the ease of investment index in Indonesia, if seen in the future

Indonesia is the newest country that does not recognize Bitcoin as a legitimate payment instrument. Previously, a number of other countries had already stated the same attitude, such as Malaysia, Thailand, India and China.

It's ok if Government not recognize bitcoin as legitimate payment. At least we people still can use it even only as digital asset. It is still better than if government really ban bitcoin and not let their people to use or have it.

Bitcoin was only for those who really appreciate the usefulness of it. Although Indonesia wasn't yet adopting the system of bitcoin yet, it doesn't mean their government was into banning plans for digital currency, but I think there's a big plan that this country will soon legalize bitcoin.

Tszone

newbie

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In February 2014, "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. And since then no action has been taken by the government.

GymClassHeroes

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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

gaj ahmada

full member

Activity: 616

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yes because of the laws governing currencies, bitcoin cannot be used as a payment transaction tool, indeed in Indonesia bitcoin has not been legalized but if it is invested as an investment such as gold it is not prohibited, this certainly affects the bitcoin users in Indonesia, but if for global I don't think it has too many effects

DianHER

newbie

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Indonesia's potential is very large and this digital currency cannot be eliminated. The government considers bitcoin to be unlawful because of money laundering, crime transaction tools, etc. the government doesn't see the positive side of blockchain technology itself.

Coroline

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Quote from: taquine on August 02, 2018, 06:09:50 AM

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 legalized in terms of transactions, but you can still trade in exchange by selling and buying bitcoin, because what I know is that the Indonesian government prohibits transactions using bitcoin, so if you are a bitcoin trader it doesn't matter

perla

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Activity: 1932

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Quote from: calandra78 on September 11, 2018, 08:02:00 AM

Quote from: Moblie_Legend on September 11, 2018, 07:55:31 AM

Quote from: manyu22 on September 11, 2018, 07:51:18 AM

Bank Indonesia states that Bitcoin is not a legal currency or payment instrument in Indonesia.

On that basis, BI asked the public to be careful in Bitcoin transactions in Indonesia.

There needs to be cooperation between stakeholders in addressing the presence of cryptocurrency. If there is already a framework, digital transactions can be smooth. It could also be an opportunity to improve the ease of investment index in Indonesia, if seen in the future

Indonesia is the newest country that does not recognize Bitcoin as a legitimate payment instrument. Previously, a number of other countries had already stated the same attitude, such as Malaysia, Thailand, India and China.

It's ok if Government not recognize bitcoin as legitimate payment. At least we people still can use it even only as digital asset. It is still better than if government really ban bitcoin and not let their people to use or have it.

olyolali

newbie

Activity: 210

Merit: 0

Quote from: taquine on August 02, 2018, 06:09:50 AM

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 in Indonesia only recognizes bitcoin as a digital asset and prohibits using bitcoin as a sale and purchase transaction.
because in Indonesia it is afraid that crypto will be misused for corruption and as a terrorist financing transaction.

Usafstar

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Activity: 378

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Bitcoin is not legal in Indonesia but if we look over all bitcoin is not legal in some other countries as well and bitcoin usage is not affected by that if it is not legal still it is using for various purposes and the trade facilities which provide bitcoin to it's users are good and it is open for every one and bitcoin issue about it's legal status of bitcoin in the future will resolved and once again the bitcoin demand will be more than ever in the history and people will happily hold it for future.

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