Topic: Bitcoin in Indonesia is not legal - page 8. (Read 1935 times)
The Indonesian Futures Exchange Supervisory Board has decided that electronic money will be the subject of future transactions at the country's stock exchange. Although the Indonesian central bank (BI) still does not recognize electronic money as a valid means of payment.
Many investors believe that it will not bring any major impact in the market. Indonesia does not hold any major Bitcoin portion. Mostly the market is affected by the manipulation of the big whales. However, nothing can be done as the Indonesia citizens have to follow the regulations of their government.
I dont know if indonesia is among the list for those counrtry who banned bitcoin
Its all of the users of bitcoin to stop there illegal intention of bitcoin coz the purpose is for legal transaction and for investment.
Its all of the users of bitcoin to stop there illegal intention of bitcoin coz the purpose is for legal transaction and for investment.
yeah right, until now there is still no clear regulation about the legality of bitcoin in Indonesia. the government is still monitoring and has not provided clear rules
Well good to know about your thought but so far as I am concerned there is no such announcement has been declared yet officially in Indonesia. So there is nothing to get all tensed about.
Now in those countries where bitcoin and the entire crypto system are banned, these countries need to be patient for 5 years. I think that in 5 years, bitcoin will be legalized throughout the world! a lot of countries have opened their doors to the crypto market! and these countries will be even more.
I heard, and read some news that Indonesia did not support crpytocurrency as a currency, but not as an investment tool. well, I also heard that as long as it doesn't interfere with the activities of fiat transactions, that doesn't matter. only the risk is not borne entirely by the state.
That's the point exactly. As long as it doesn't interfere. So if you hold it for "investment purposes" then it is not wrong. It's technically still legal.
Investments can also be used to make transactions from time to time. We cash out of our fixed term deposits to buy houses, pay for education, buy cars, etc. So it really doesn't matter, just keep it and don't tell anyone. Besides, what are they going to do to find out, hack into your email? I doubt 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 don't think Indonesia will have a big impact on crypto market turnover, but I see crypto trading in Indonesia can still be done, so there is no problem for legal or illegal as long as the trade can still be done.
I am not sure yet that the news is true or not. But if it’s true I don’t think it will have any impact on crypto market as Indonesia is not a country that has much crypto transaction.
I heard, and read some news that Indonesia did not support crpytocurrency as a currency, but not as an investment tool. well, I also heard that as long as it doesn't interfere with the activities of fiat transactions, that doesn't matter. only the risk is not borne entirely by the state.
Not yet, that's 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.
Indonesia has been depressed by the dollar. And the rupiah does not want to be more depressed by the state of bitcoin. Actually the Indonesian government already knows that there is great potential in bitcoin. But, like that. As a tool for buying and selling is prohibited. If you want to invest it is permissible. But, there are still risks
I think even though it is not legal but the Indonesian government still provides opportunities for crypto owners to continue to carry out their activities. the Indonesian government has not taken this serious action against crypto.
I don't think it will have any affect on Indonesian users let alone global market. Indonesian government has only banned transactions using virtual currency that does not mean Bitcoin is banned. You can still trade bitcoin if you know how to bypass government's eyes.
Yes, In indonesia bitcion until now is not legal, but even government of indonesia was not agree there still people using bitcoin to their own will, it's against the law to buy, sell or trade electronic money. The ban on bitcoin as a means of payment.
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 truly think this will have a negative impact unles their government burns some bitcoins. The value of bitcoin itself depends on the circulating supply and its demand. Although there are not so many good news about bitcoin, I still believe it will pump by next week since more exchanges are being developed.
Yeah bitcoin is not ilegal in the indoneisa or other countries. But, if many people know a bitcoin, papers currency not be used 
I hate to say this but are you trying to spread FUD by providing inaccurate information? I don’t think they don’t laid out the axe to Bitcoin and other cryptocurrencies yet. I think the government has lack of misunderstanding yet about Bitcoin, so they need to be educated for good.
yes until now the government is still monitoring it and has not provided clear regulation for bitcoin. the government prohibits bitcoin as a transaction method because bitcoin is very difficult to control and very high risk if used by irresponsible parties
Payment method being illegal and the currency being illegal is completely different things. So, having Bitcoin payment illegal in Indonesia won't affect global market any ways. I don't think Indonesia have a much large BTC community that can create impact on the global market. So, It won't harm BTC's reputation in any way.
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