Bali is a beautiful tourism place that deserves to be a vacation destination for anyone from all over the world. so what does this have to do with the ban on the use of bitcoin as a means of payment there which is in accordance with regulations in the country of Indonesia. People go to Bali for vacation not to use bitcoin as a means of payment. so this won't be any problem.
So I don't think anyone will have a problem with this. because even in other beautiful tourism places there are many who do not legalize bitcoin as a legal tender. except in El Salvador, which has legalized bitcoin as a means of payment there.
but I heard from several cross-country acquaintances. that many do not know that Bali is only one province in Indonesia. many of them think that Bali is a country. so it's normal if someone doesn't know that all regulations in Bali are of course the same as Indonesian regulations because Bali is one of the regions in Indonesia.
Topic: Bitcoin on The Island of Bali, Indonesia - page 2. (Read 650 times)
There is nothing people can do if someone who's a high official is against the usage of bitcoin and imposes a law or encourages its citizens and tourists to avoid using it.
The governor of Bali was just doing his job. It is his responsibility to announce that warning to the whole people in Bali, both the citizen and tourists. Well, Indonesian law is against the use of Bitcoin as a payment tool. The governor of Bali can't do anything, he only delivered what the laws state. Since Bali is a part of Indonesia, they must obey the laws as well.While talking about the connection and ties of Indonesia and Israel, AFAIK, there's really a conflict between the two as Indonesia don't recognize Israel for its sovereignty.
Israel is a colonialist. Indonesia is always against a country that invades another country. Israel steals the land of Palestine, that's why Indonesia never recognizes its sovereignty.
Yeah, most of the Asia countries have difficulty in transaction in crypto and only value their own means of payment, many clients I've dealt with never wanted to do business with me because I mentioned crypto, not because they don't like crypto but they find it hard and difficult to get themselves verified on crypto platform and they suffer a lot of strict restrictions. Your governor has his own reasons to not allow crypto payments to be accepted and I would ask why.
On the other hand, if the restrictions on crypto payment would be the reasons why someone can't come over to your country for vacation, what means of payment is suitable for foreigners, can you guys accept Gift Cards?, because that is the only way an outsider can exchange payment when on vacation I guess.
On the other hand, if the restrictions on crypto payment would be the reasons why someone can't come over to your country for vacation, what means of payment is suitable for foreigners, can you guys accept Gift Cards?, because that is the only way an outsider can exchange payment when on vacation I guess.
There is nothing people can do if someone who's a high official is against the usage of bitcoin and imposes a law or encourages its citizens and tourists to avoid using it.
While talking about the connection and ties of Indonesia and Israel, AFAIK, there's really a conflict between the two as Indonesia don't recognize Israel for its sovereignty.
While talking about the connection and ties of Indonesia and Israel, AFAIK, there's really a conflict between the two as Indonesia don't recognize Israel for its sovereignty.
unfortunately Bali still has a governor who is not friendly to bitcoins and cryptocurrencies so he informs every tourist not to use bitcoins as payment.
Do you know if Bitcoin is illegal to use as a payment tool in Indonesia? BTC and altcoins are legal for investment purposes only.The governor has done the right way, he reminds every tourist to avoid using Bitcoin for payment purposes. It breaks the law, tourists can get into trouble if they use BTC or altcoins for payment tools.
You need to take a look at this:
https://en.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory
There is an alternative for this case, why don't convert BTC to rupiah on local exchanges? We have Tokocrypto and Indodax that can give that service.
with rules like this, do you still want to go to bali?
There is no problem even if Bali bans BTC/altcoins. Even before we are familiar with BTC or crypto, tourists come to Bali and pay anything in Rupiah. There are money exchange services, then we may have crypto exchange services in public spaces as well. So, it is just a minor issue, it won't bring a serious impact.
I don't know whether you have been to Bali or not but Bali is one of the world's tourist destinations, unfortunately Bali still has a governor who is not friendly to bitcoins and cryptocurrencies so he informs every tourist not to use bitcoins as payment. Previously, the governor of Bali (his name is Wayan Koster) had gone viral because he refused to allow the Israeli national team to play in the U20 World Cup, previously Indonesia was chosen as the host.
with rules like this, do you still want to go to bali?
This is because of the regulation and laws in my country regarding Bitcoin and other cryptocurrencies.
Crypto, including Bitcoin is LEGAL as a comodity asset, but NOT LEGAL as a currency for payment method.
So, he is not wrong because as a governor, he carries out the orders and regulations of the law.
And I don't think this will dampen the desire to go there. There are still many ways to pay there and we are also welcomed everyone to visit Bali and all tourism objects in the country, as long as following the rule and regulations of the country. And I am also sure that other countries also have different rules and regulations about something else, and we must obey whatever it is.
If I were to visit Bali, it would be because it has a lot of wonderful things to offer. I'm referring to the beaches, the temples, and other natural and man-made wonders. It wouldn't be because it accepts Bitcoin. So I guess I wouldn't mind if the province isn't Bitcoin friendly.
But supposing Indonesia accepts Bitcoin as payment, what can a lowly governor do? He will have no other choice but to abide with the law. It's just unfortunate that the country doesn't accept Bitcoin as a currency. What's even more unfortunate was its declaration as haram by the country's Islamic council.
If they have such leaders then the governments will never grow up to their potential, Bali is an wonderful place and there are many foreigners come there to explore the place especially from Europe so accepting crypto currency is actually going to be beneficial for them right but instead they are doing opposite and advising not to use it so who is going to lose, which economy is going down if they are not giving space for what the people are there for.But supposing Indonesia accepts Bitcoin as payment, what can a lowly governor do? He will have no other choice but to abide with the law. It's just unfortunate that the country doesn't accept Bitcoin as a currency. What's even more unfortunate was its declaration as haram by the country's Islamic council.
It is very unfortunate to see that the governor does not want to to trade with Bitcoin/cryptocurrency. This is absurd and I know that even his policies will not make people to stop trading with Bitcoin in the state. They can hide and run Bitcoin transactions without even the government knowing. All those people that hate Bitcoin would soon realize what they are missing and how wealthy Bitcoin could make them be. He is not different from some of the billionaires that are never a fan of Bitcoin and keep castigating the effect to Bitcoin to the society.
Indeed, Bali is a tourist attraction, renown for it natural beauty, stunning beaches, rich cultural heritage and friendly people. I have never visited but would love to go there whenever I get the opportunity to experience its wonders. It is unfotunate that Bitcoin is not accepted there as method payment. However. I would encourage you to unite and amplify your voices on social media, urging government officials to recognize advantages of embracing Bitcoin as payment system and consider regulating it in your country.
when you have the opportunity to visit bali then go there immediately, surely you won't regret it (because i've been on vacation there)i agree with the opinion of some members that bitcoin is not recognized as a payment method in almost all countries in the world (not only on the island of Bali) so there is no need to be surprised by news like this, as a tourist, everyone must respect all kinds of rules that are currently applied and in this case is the prohibition to use bitcoin as a means of payment while in Bali. breaking the rules that apply in an area will only make it difficult for yourself (i also support residents there taking advantage of social media urging their government to revoke the rules)
Indonesia is not the only tourist destination that does not legalize the use of bitcoin and crypto in general. It can be said that most tourist destinations around the world prohibit the use of cryptocurrencies for payments. However, these laws cannot actually prevent people from using Bitcoin peer-to-peer and this is evident by the significant number of Indonesian users even by referring to the local Indonesian board here on the forum or in the peer-to-peer trading platforms.
What I do not understand is why the governor of Bali issues these statements even though the ban covers the entire country, and I also do not think that these statements will prevent tourists who use bitcoins from visiting the island or even from using bitcoins if they find a way to do so, even if it is outside the legal frameworks.
What I do not understand is why the governor of Bali issues these statements even though the ban covers the entire country, and I also do not think that these statements will prevent tourists who use bitcoins from visiting the island or even from using bitcoins if they find a way to do so, even if it is outside the legal frameworks.
Be careful for tourism want to use Bitcoin as payment transaction in Bali, Indonesia, there are illegal payment currency transaction using Bitcoin between seller or buyer accepted Bitcoin will qualify as criminal cases. Its not about bad or positive viewed from Bali governor but our country Indonesian is not legal using Bitcoin as payment currency and legalize only for investment assets.
But have one side with Bitcoin in our country looks funny, government not legalizing bitcoin as payment currency transaction but we have to pay tax fees each time transaction trading between buying or selling cryptocurrency assets in local exchange market. Almost 1% tax fees have to pay for one trading order between buy and sell but when using bitcoin as payment currencies will qualify as criminal cases.
But have one side with Bitcoin in our country looks funny, government not legalizing bitcoin as payment currency transaction but we have to pay tax fees each time transaction trading between buying or selling cryptocurrency assets in local exchange market. Almost 1% tax fees have to pay for one trading order between buy and sell but when using bitcoin as payment currencies will qualify as criminal cases.
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I brought up the topic above because one of my friends is a motorbike rental service provider located in Bali, he found some tourists asking him about whether he accepts motorbike rental payments with bitcoin, he said no because he was afraid he would be caught by the police, some tourists have canceled renting motorbikes from him because they heard my friend doesn't want to transact with bitcoin (I don't know if this is a trap or a real tourist).The chronology of the case of the arrest of a person who received Bitcoin payments at a car rental service in Bali according to a press conference conducted by the police, it is clear that the perpetrator was guilty even though there was an explanation from the party who was caught.
The Governor of Bali has indeed said that he will give strict sanctions to anyone who makes a payment transaction using a currency other than fiat currency which is legal in Indonesia. In our opinion, this is something that needs to be emphasized, considering that Indonesia has not yet allowed cryptocurrencies as a legal means of payment.
To avoid misunderstanding, you better lock this thread.
I don't know whether you have been to Bali or not but Bali is one of the world's tourist destinations, unfortunately Bali still has a governor who is not friendly to bitcoins and cryptocurrencies so he informs every tourist not to use bitcoins as payment. Previously, the governor of Bali (his name is Wayan Koster) had gone viral because he refused to allow the Israeli national team to play in the U20 World Cup, previously Indonesia was chosen as the host.
with rules like this, do you still want to go to bali?
Quote
Tourists in Bali Warned Against Using Crypto for Payments, Governor Says They’ll Be ‘Dealt With Firmly’: Report
Read more https://dailyhodl.com/2023/05/29/tourists-in-bali-warned-against-using-crypto-for-payments-governor-says-theyll-be-dealt-with-firmly-report/
I was not planning on going to Indonesia anytime soon, anyway. They do not want to accept my money, which is accepted almost everywhere in the world? No problem. I guess their Bali governor is just as misinformed, arrogant and ideologically submissive to the dictatorial ruling class.
What kind of normal person would want to go on vacation to a authoritarian developmental state in the first place? There are better places to go.
As I understand it, the entire crypto debate is stuck in place due to religious ideology. Thats the only reason. But hey, feel free to buy and sell stocks, right? Until Indonesia acknowledges its misadventures in trying to ban crypto, there is no point in going there, for a coiner, anyway.
Bali, a province within the country of Indonesia, is renowned for its vibrant tourist destinations. However, Bali remains compliant with the prevailing cryptocurrency regulations in Indonesia.
President Joko Widodo of Indonesia introduced regulations governing cryptocurrencies to prevent their use in transactions. This initiative aims to strengthen the position of the Indonesian Rupiah (IDR) as the sovereign national currency.
The Governor of Bali must adhere to these regulations. Nevertheless, if you have ever visited Bali, you may still come across certain hotels and stores that accept cryptocurrency payments. They operate discreetly to evade government scrutiny, as such actions are considered illegal.
I apologize for not being able to mention the names of these hotels or stores.
President Joko Widodo of Indonesia introduced regulations governing cryptocurrencies to prevent their use in transactions. This initiative aims to strengthen the position of the Indonesian Rupiah (IDR) as the sovereign national currency.
The Governor of Bali must adhere to these regulations. Nevertheless, if you have ever visited Bali, you may still come across certain hotels and stores that accept cryptocurrency payments. They operate discreetly to evade government scrutiny, as such actions are considered illegal.
I apologize for not being able to mention the names of these hotels or stores.
Again, this isn't Bali's fault nor the governor's. The legal order against the use of Bitcoin as a currency is, of course, coming from the national government. The local leaders will have no choice but to implement it even if they're against it.
At the end of the day, visitors will have to toe the line because they are in a different country with a different set of laws, customs, and culture. After all, they're probably not visiting Bali because of Bitcoin.
Leaders change. Perspectives change. Sooner or later, the whole of Indonesia will embrace the new currency.
Visitors are here for exploration only so it's not going to be a loss for them but for locals it will be beneficial if government makes the tourism more conveniently so it will encourage more people to visit there.At the end of the day, visitors will have to toe the line because they are in a different country with a different set of laws, customs, and culture. After all, they're probably not visiting Bali because of Bitcoin.
Leaders change. Perspectives change. Sooner or later, the whole of Indonesia will embrace the new currency.
We can take Dubai as an best example and how much efforts they are taking to keep the tourism at it's best since they understand oil resource will not last long and their main source of income will be from tourism so government as well as people are happy there cause of different approach.
Why not, because Bali is a tourist destination that must be visited. Bali in other words can be called the island of the gods because the place is very beautiful like in heaven where the gods are. This is in my opinion.
Regarding the prohibition of crypto transactions, as a tourist, you should comply with the regulations in that country, there is a saying that says "Where the earth stands, there the sky is held in high esteem". Because each country has its own laws governing currency as a means of transaction. As far as I know, Indonesia only prohibits bitcoin transactions as a means of payment, bitcoin as an investment instrument, Indonesia does not prohibit it.
But in my opinion, the State should also not give sanctions to those who want to sell and buy using crypto, this is the basic right of every human being, as long as both parties agree. Because in ancient times buying and selling could be by agreement between the two parties to the transaction. For example, their agricultural products are exchanged for handicrafts from ceramic plates, jars, bowls, that is the individual right of each of them as long as they mutually agree and the government has no right to impose sanctions. Hopefully in the future Indonesia can implement a system like this, so that the country continues to develop following technological developments.
To be honest, as long as I do not live there, it doesn't bother me. Not like I will ever visit there because it would be financially silly, I haven't seen most major european cities, well in fact none of them yet, so I would rather spend that money on that, but the fact that I could means that I would not care about the laws of it at all. I would just focus on the situation a lot differently and I would not be able to actually consider that as a trouble.Regarding the prohibition of crypto transactions, as a tourist, you should comply with the regulations in that country, there is a saying that says "Where the earth stands, there the sky is held in high esteem". Because each country has its own laws governing currency as a means of transaction. As far as I know, Indonesia only prohibits bitcoin transactions as a means of payment, bitcoin as an investment instrument, Indonesia does not prohibit it.
But in my opinion, the State should also not give sanctions to those who want to sell and buy using crypto, this is the basic right of every human being, as long as both parties agree. Because in ancient times buying and selling could be by agreement between the two parties to the transaction. For example, their agricultural products are exchanged for handicrafts from ceramic plates, jars, bowls, that is the individual right of each of them as long as they mutually agree and the government has no right to impose sanctions. Hopefully in the future Indonesia can implement a system like this, so that the country continues to develop following technological developments.
I think it's quite important to remember that we should be considering these as no trouble as tourists, it's just not an issue, it's not regarding you, it's regarding their own citizens. You will be in an out, you won't stay there so why would it matter to you at all?
If I were to visit Bali, it would be because it has a lot of wonderful things to offer. I'm referring to the beaches, the temples, and other natural and man-made wonders. It wouldn't be because it accepts Bitcoin. So I guess I wouldn't mind if the province isn't Bitcoin friendly.
But supposing Indonesia accepts Bitcoin as payment, what can a lowly governor do? He will have no other choice but to abide with the law. It's just unfortunate that the country doesn't accept Bitcoin as a currency. What's even more unfortunate was its declaration as haram by the country's Islamic council.
If they have such leaders then the governments will never grow up to their potential, Bali is an wonderful place and there are many foreigners come there to explore the place especially from Europe so accepting crypto currency is actually going to be beneficial for them right but instead they are doing opposite and advising not to use it so who is going to lose, which economy is going down if they are not giving space for what the people are there for.But supposing Indonesia accepts Bitcoin as payment, what can a lowly governor do? He will have no other choice but to abide with the law. It's just unfortunate that the country doesn't accept Bitcoin as a currency. What's even more unfortunate was its declaration as haram by the country's Islamic council.
Again, this isn't Bali's fault nor the governor's. The legal order against the use of Bitcoin as a currency is, of course, coming from the national government. The local leaders will have no choice but to implement it even if they're against it.
At the end of the day, visitors will have to toe the line because they are in a different country with a different set of laws, customs, and culture. After all, they're probably not visiting Bali because of Bitcoin.
Leaders change. Perspectives change. Sooner or later, the whole of Indonesia will embrace the new currency.
It's nothing but ignorance, countries like Bali are one of the few ones that should be benefitting from digital currencies already, if they are saying no it means they are ignorant and they sure lack the knowledge about Bitcoin.
First Bali is not a country, it is a province of Indonesia. Secondly it has nothing to do with ignorance, many countries ban bitcoin and have put restrictions on bitcoin but this doesn't mean you don't go there or live there only for that. Government don't want to lose control of people with the most powerful asset which is money. If they don't ban bitcoin they lose control over people which no government wants.
I come from Indonesia. I think you need to explain the truth about what you have conveyed in this topic so that people don't misunderstand Indonesia's condition regarding crypto because Indonesia as one of the Asian countries is very friendly to anyone.
Regarding crypto, Indonesia also allows it as a commodity asset.
In taking a reference, you need to look at the contents written by the source, is the delivery of the news accurate?
I am purely Indonesian and the location where I live now is in Siantar, I do not mean to discuss that the Indonesian government prohibits bitcoin, but bitcoin cannot be used as a means of payment in Indonesia, especially Bali. Regarding crypto, Indonesia also allows it as a commodity asset.
In taking a reference, you need to look at the contents written by the source, is the delivery of the news accurate?
I brought up the topic above because one of my friends is a motorbike rental service provider located in Bali, he found some tourists asking him about whether he accepts motorbike rental payments with bitcoin, he said no because he was afraid he would be caught by the police, some tourists have canceled renting motorbikes from him because they heard my friend doesn't want to transact with bitcoin (I don't know if this is a trap or a real tourist).
with rules like this, do you still want to go to bali?
Bali is actually a beautiful and popular tourist destination and I have some friends who will be going there in a couple of weeks and as far as I know they use bitcoin. They are aware that Bali is not particularly crypto-friendly but they have enough money to cover their expenses there so they don't need to rely on bitcoin. I will stay in touch with them and I will ask if they find any way to use their bitcoin there, perhaps through local trading stores or online platforms. We will see.Even if Bali won't the allow the use of crypto I feel like it worth the visit, It's a fantastic place to spend your vacation, like you can enjoy the beaches, the pleasant weather and engage in various entertainment activities. It's one of my favorite destinations I'd love to visit.
OP. The way you convey your message sounds too extreme, even though if you examine it more clearly that the direction is not as extreme as you say.
You are right, the way the OP conveyed the message of this thread was considered very extreme because he did not explain in advance about cryptocurrency regulations in the country of Indonesia, the other most extreme part was that he forced to link something that was irrelevant like there was a specific intention to convey a negative impact on that country.Quote
The Governor of Bali only said that Indonesia is not anti-crypto, it's just that crypto has not been legalized like El-Salvador or other countries that allow payments using crypto.
The Governor of Bali must carry out the task of explaining to the public and tourists to respect regulations regarding cryptocurrency users as commodity assets because there have been several cases of violations found so the government does not expect this case to happen again. I appreciate the government because the cryptocurrency community is highly valued here and crypto-friendly even though its use must comply with regulations, but we expect new regulations that legalize the use of cryptocurrency for other functions rather than commodity assets. Jump to: