Topic: Bitcoin in Indonesia is not legal - page 7. (Read 1935 times)
bitcoin in Indonesia is still illegal, in Indonesia it has not formalized bitcoin as a material for work, if bitcoin has been officially opened, more and more will work in bitcoin, I hope that bitcoin will be illegal 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 my country Viet Nam too, all transactions related to virtual currency are prohibited by law, so we have to dodge the law and silently conduct transactions! So sad! 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, that's is in our UUD 1945 but this regulation is aplies for all other currencies include USD. It is not a problem for bitcoin, indonesian government don't ban bitcoin our government just prohibit any transactions which using other currency, only rupiah that accepted. It seems that government don't have a problem if indonesian citizens use electronic money such as bitcoin, we know that we can use OVO (which is not rupiah) for pay Grab and until now government have no problem with 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?
I think theres still no final decision from the Indonesian government regarding to te regulation of bitcoin. But, as long as i know, the governments only warn the Indonesian people about the risk to jumped in the crypto market. Well, maybe it can be a negative impact for some Indonesian people that already join the crypto market. that this investment is very risky and all risks are borne by everyone, there is no prohibition written in Indonesia
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.
most likely the government wants to protect the rupiah exchange rate so that it does not continue to decline, because it is feared that business people and large-scale buying and selling people will no longer use the rupiah and start switching to bitcoin, and of course a very large influence can occur on the value of the rupiah itself
so that the government still needs time to control the velocity of money in the money market so that they can switch to cryptocurrencies, because of the risk of inflation in the rupiah that cannot be prevented
Yes.until now bitcoin in Indonesia not yet legal by goverment.
But I think soon bitcoin will be legal in Indonesia because day by day bitcoin be more popular and so many people believed in bitcoin.
But I think soon bitcoin will be legal in Indonesia because day by day bitcoin be more popular and so many people believed in bitcoin.
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?
People are misunderstanding about the legality of bitcoin in Indonesia. The Government said that the Bitcoin or other crypto is not allowed to be used for payment something. But, I am sure that we can be trading it in a crypto market so we can gain such an amount of profit from it (similar to Forex). So, in my opinion as long we trading the bitcoin and another crypto in the crypto market is allowed by the government. That's my thought.
yes indeed, until now bitcoin in Indonesia still does not get a clear regulation on its legality. even in Indonesia bitcoin is prohibited from being used as a payment or transaction method
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 theres still no final decision from the Indonesian government regarding to te regulation of bitcoin. But, as long as i know, the governments only warn the Indonesian people about the risk to jumped in the crypto market. Well, maybe it can be a negative impact for some Indonesian people that already join the crypto market. that this investment is very risky and all risks are borne by everyone, there is no prohibition written in Indonesia
There are few countries like Indonesia have not been able to study on how to deal with bitcoin so that bitcoin and cryptocurrencies are not yet legal, but I think and hope that someday they will be able to understand and embrace the use of cryptocurrencies. Yes, it will take a long time for them but what matter most is that when the time comes they are willing to deal with 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?
The Indonesian government through interagency coordination has agreed to address the virtual currency of bitcoin as a currency that has no legal basis and is risky. Prohibition of using bitcoin applies strictly as a transaction or payment system tool, but as an investment instrument is left to the public with a number of records from the government regarding the risks. As long as it is not completely banned in Indonesia, bitcoin can still grow in Indonesia even though the number is currently slumping because bitcoin prices have not improved.
Till now i have not heard that Bitcoin is banned in Indonesia since Indonesia is very poor in their economic growth I don't believe that Bitcoin will be banned in Indonesia but the people are very much supportive for the modern technologies so I think that Bitcoin will not be illegal for this country..Bitcoin can be kept as an asset like gold is used as an asset the government entertains the people to spend their fiat currency for any payments.
I don't believe that in Indonesia Bitcoin is banned because the Indonesian's are very well interested in advanced technologies . I have not heard about official rules that Bitcoin is illegal in Indonesia but it is not legalized as a means of payment it is used as an investment as gold so this will not have any impact in Bitcoin in Indonesia . Normally Indonesia is having a poorly developed economy and it will take time for them to be developed in modern technologies.
In my country too but still there are lot of people who is into crypto currencies as well in many country and I think it's only for government who do not understand bitcoin. I do believe that they will just regulate it.
Bitcoin in Indonesia is not legal yet
As it is in many other countries. So this is nothing new really. What's new is if more and more countries start accepting Bitcoin as an alternative mode of payment. Now this would be awesome!the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
Positive or negative, Bitcoin will still make its way up. This I believe is the fate of Bitcoin or crypto as a whole. The cryptocurreny world is going through a process as everything else. But soon, many nations will realize that crypto is actually the future. 
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 theres still no final decision from the Indonesian government regarding to te regulation of bitcoin. But, as long as i know, the governments only warn the Indonesian people about the risk to jumped in the crypto market. Well, maybe it can be a negative impact for some Indonesian people that already join the crypto market. 
Not legal because bank restrict it dont worry we still can using bitcoin, mean it just restrict not illegal
Indonesian all know that Bitcoin is not legalized and it can not be use for paying or buying something. The bitcoin users in Indonesia must convert first their bitcoin to rupiah in order to make a transaction. Hopefully, next it will be applied for a toll of payment or buying, because it is more simple and effective for future in the modern and digital era.
It seems like we have a lot of Indonesians on the bitcointalk forums so I guess they are passionate about seeing crypto succeed in their own country.
True. Bitcoin in indonesia is not legitimate. The indonesian government recommends people should not invest in electronic money. Those who violate will be the indonesian police custody. The indonesian government is very strict with electronic money.
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