Topic: Bitcoin in Indonesia is not legal - page 5. (Read 1935 times)
Bitcoin in Indonesia is not legal ONLY for buying stuff but don't give me wrong that we can be trading it on the crypto market. If we want to buy stuff we must sell it and convert it to fiat or local currency (Rupiah) and then we can buying stuff.
in Indonesia bitcoin has not been legalized. the government still takes into account the existence of bitcoin. but Indonesians also use bitcoin but in every transaction they must first exchange bitcoin with the rupiah. The Indonesian government does not directly prohibit the use of bitcoin, but they only warn people because of the high risk of bitcoin. I think there will be no impact at all because Indonesia is not a country that has a large volume of crypto transactions.
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?
The Indonesian government, does not directly prohibit the use of bitcoin, but they only warn their people because of the high risk that bitcoin has. I think that there will be no impact at all because Indonesia is not a country that has a large volume of crypto transactions.
bitcoin in Indonesia is prohibited from being a payment instrument because bitcoin cannot replace rupiah, but the Indonesian government does not prohibit the existence of bitcoin.
I am from Indonesia, so far I have not experienced any problems from the government regarding the existence of bitcoin in Indonesia, Oscar Darmawan as the CEO of Bitcoin Indonesia also said that bitcoin is not a legal payment instrument in Indonesia, bitcoin is a digital item not a currency so Bitcoin can move freely as a tool sale of stock exchanges 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?
Yes some Government think that all the illegal transactions are done using Bitcoins they never think that if the drug peddlars are using common currency then the common currency will also be illegal...They just blame bitcoins.where bitcoin is just a currency
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?
if in Indonesia it is indeed the government has not legalized bitcoin. because according to the government bitcoin will have a negative impact on the country. so the government is still thinking long. Moreover, all transactions in Indonesia still use the rupiah as the country's currency.
Clearly Indonesia is still on the process of accepting and implementing Bitcoins, just like
other Asian countries years ago whom were on the verge of engaging with crypto.
It's a safe process to use local currencies. But I think things will progress more over time.
other Asian countries years ago whom were on the verge of engaging with crypto.
It's a safe process to use local currencies. But I think things will progress more over time.
You're right. The government does't legalize the existence of bitcoin, therefore it can not be use for any payments or transactions. All payments should use its own currency, Rupiah. As good society we should follow and obey the rules and regulation of government. Even though we can not use Bitcoin it doesn't mean that we are allowed to break the law. Of course it is not good society.
We can convert Bitcoin to rupiah to use for payment and it doesn't decrease the value of Bitcoin. We get the advantages of bitcoin anyway.
We can convert Bitcoin to rupiah to use for payment and it doesn't decrease the value of Bitcoin. We get the advantages of bitcoin anyway.
What is certain is that the country of Indonesia transacts with the rupiah, many Indonesians are unfamiliar with internet technology and bitcoin, this is the obstacle of people who rely on real work. When people are traced, they are still poor and not ready to face the free market. Bitcoin will still exist and continue to grow even though Bitcoin news in Indonesia is illegal.
the negative impact is the price of bitcoin will drop dramatically because many bitcoin users will switch back to the rupiah and the positive impact on the rupiah is the strengthening of the rupiah to the value of bitcoin
Each state and its government has the right to legalize cryptocurrency or not. Most countries do not want to see changes in their economies, and this will be mandatory. Many simply do not trust the digital currency, as it is impossible to control and track.
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 futureOn that basis, BI asked the public to be careful in Bitcoin transactions in Indonesia.
This also happens to many countries like Indonesia, when the constitution and the law has not been accepted, still gives bitcoin is not legal.
it is absolutely true because the government is not legalized by the government because of pressure from Indonesian banks. because what is feared by Indonesian banks if bitcoin is legalized it is an Indonesian bank afraid that its customers will move on bitcoin
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 On that basis, BI asked the public to be careful in Bitcoin transactions in Indonesia.
As far as I know that not many people use bitcoin in Indonesia. So I don’t think that it will create any negative impact on it. But I would be very glad if their government legal bitcoin in their country as most of the country in the world has accepted it and using it for buying or selling products.
Using Bitcoin as a payment instrument is prohibited in Indonesia, but how about using it as an investment instrument? I thinks is good..
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.
On that basis, BI asked the public to be careful in Bitcoin transactions in Indonesia.
bitcoin in the indonesia is not legal but its not illegal too, and the government is make the regulation about buy and sell anything is using their local currency, they will makes the transaction and economy is transparent for them, so there are no inflation in that country
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bitcoin in the indonesia is not legal but its not illegal too
lol . if it is not legal then it is already considered illegal . Quote
so there are no inflation in that country
even if a country doesnt use a crypto , inflation will still be possible .if indonesia really restrict bitcoin , they can still use other cryptos . not unless all of the cryptos are also banned on their country . but i think indonesia will soon realize that they shouldnt have ban cryptos because cryptos are too useful and can play a major role to improve the economy of a certain country that accepts it .
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