Topic: Bitcoin in Indonesia is not legal - page 9. (Read 1935 times)
The Indonesian government has no move to ban or support Bitcoin transactions in Indonesia. At indoneisa there is a trading platform named bitcoin indoneisa active
as i know that indonesia still dont make a decision about bitcoin, so they still have the neutral status, dont have the approved for bitcoin or decline it, so maybe Indonesia can decide to agree or not
Indonesia's Central bank just has to get tough with cash algorithm when recommendations all citizens and legal persons in this country stop trading virtual money. In a text published on 13/1, the Central Bank of Indonesia, commented: "owners of virtual money is very adventurous and brings the essence speculative". According to this text, virtual coins are "tend to form a property bubble and tend to be used as a method for washing money and raising funds for terrorist activities, so it is likely to affect the stability of the system Finance as well as harm to the public. "
Yes, right. there is no fixed regulation for Bitcoin in Indonesia, that means Bitcoin is legal if it is used as an official payment instrument such as payment of electricity, PDAM, Telkom etc. But this does not mean that Bitcoin cannot be used in Indonesia, you can still use Bitcoin to buy anything on condition that you have to exchange your Bitcoin in rupiah. and the good news is that Bitcoin companies in Indonesia, namely Indodax, have voucher making services, so you can make vouchers with your Bitcoin and make payments with the voucher.
Bitcoin is a digital asset so everyone has the right to own Bitcoin.
Bitcoin is a digital asset so everyone has the right to own 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?
It's illegal as a payment system but it's legal for owning or investing on bitcoin.
And also there is official exchange from indodax and it has a million active members from 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?
It's illegal as a payment system but it's legal for owning or investing on bitcoin.
And also there is official exchange from indodax and it has a million active members from indonesia
Actually,some of governments are not legally approved bitcoin in these countries. Indonesian government is also same. But I think there will be no impact at all affect for the bitcoin from that because of still Indonesia is not a country that has a large volume in bitcoin. Therefore there is not affect on bitcoin.
I think it's a good indication that government is looking for possibilities of having bitcoin in the country. They put some regulation in order to protect the general public. In my country all trading also is using our local currency.. We are a crypto lover nation even though we got some bad news lately about scam of bitcoin.
I am an Indonesian native but what is clear is that bitcoin is not banned. but you can have it and use it.
that's what is clear that I can tell you.
that's what is clear that I can tell you.
of course this will have a positive impact because the Indonesian government is very clear to prohibit bitcoin as a digital currency replacing the rupiah and now the existence of the Indonesian community is still not fully aware of bitcoin so that the Indonesian people will still trade and even buy and sell goods with rupiah.
So far as indonesia doesn't have a big influence on bitcoin, being legal or illegal doesn't affect anything in bitcoin. Unlike china or russia it's very influential. Illegal bitcoin in indonesia is caused due to government concerns about society because bitcoin is not an agency for investment.
bitcoin in Indonesia cannot be called legal or illegal, because there are no written rules about bitcoin in Indonesia.
Indonesia has the 3rd largest population in the world, and quite a lot of crypto users, if the Indonesian government prohibits bitcoin, it certainly affects the price of bitcoin, although it is not significant.
Indonesia has the 3rd largest population in the world, and quite a lot of crypto users, if the Indonesian government prohibits bitcoin, it certainly affects the price of bitcoin, although it is not significant.
This kind of news always make me feel unhappy. May be governments still don't understand crypto thats why they can do this because if they do they never attempt this.
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 yet, that's not true because there is no official rule that says Bitcoin is illegal. In Indonesia the Government is still awaiting and they are only giving a call that digital currency is a risky thing. for me Indonesia is one country that has a very large number of Bitcoin users, Indonesia has a number of people who are very interested in a technological advance.
Indonesia has a large number of people who are very interested in crypto currencies, bitcoin is not a legitimate payment method and they think it has no legal protection so they do not allow virtual currencies as local payments. When someone can't use Bitcoin correctly, it will be in vain. Bitcoin was created as a system that has many benefits. What is worth waiting for is how the government responds to the development of Bitcoin. This is very important because when the government participates in providing support, it will be much better for the future of Bitcoin. As far as I know, there is no official attitude from the government regarding bitcoin, but in fact there are many Indonesians who invest in bitcoin, there are even some applications which has been officially released in Playstore and Appstore which provides crypto currency exchange to Indonesian Fiat money and vice versa, and the founder of the application is from Indonesia.
I find it very strange !!!
While in the same country as Southeast Asia like Vietnam, it is allowed to operate Bitcoin and increasingly expanding, stronger !!!
While in the same country as Southeast Asia like Vietnam, it is allowed to operate Bitcoin and increasingly expanding, stronger !!!
I tried to search the news for bitcoin. As given by you no information could be collected that bitcoin is illegal in Indonesia. Following are the links in favour of my statement.
https://en.wikipedia.org/wiki/Bitcoin_Indonesia
https://steemit.com/bitcoin/@heiditravels/bitcoin-in-indonesia
Please note ; while posting such type of information if supporting new is enclosed it will be better. Otherwise no use.
OP said its not legal in Indonesia but he didn't said that it was illegal,just like in the Philippines the government wasn't legalizing bitcoon or cryptocurrency but theres no stand that this is illegal so meaning the government is neutral about crypto.maybe this is what OP want to say here
in Indonesia, bitcoin has not been legalized as a global currency, Indonesia still highly appreciates the rupiah, because Indonesia's central bank has announced that digital money cannot be used for transactions, but if it only invests in gold or shares it may not be banned, TV stations also report if bitcoin is full of risks and the government cannot regulate it.
Another feather added in the haters cap and when I hear such disgusting news it really makes me sick. I mean what the hell is happening around the world.
We in the cryptocurrecy world have heard this type of news severally, so it does not move us anymore, it is only newbies in cryptocurrency community that will take to heel when he or she hears this type of news. So it will not make any impact.
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