Topic: Bitcoin on The Island of Bali, Indonesia - page 3. (Read 650 times)

Bali is not a country and Bali is just a province that has very beautiful tourist objects that are always visited by foreign tourists, and Bali is located in Indonesia and as far as I know Indonesia does not prohibit bitcoin or other crypto, and bitcoin is only allowed to be used as an asset, trade and investment but not allowed to be used as a means of payment.
and in my opinion that's better than the Indonesian government banning bitcoin as a whole and also crypto, and that has become a rule and every country has different rules against crypto or bitcoin. And the most important thing is that the people there can still use it even though it is not allowed to be used as a means of payment.

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.
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.

Then what does this have to do with the Governor of Bali's statement rejecting the Israel national team with his being unfriendly to crypto. No correlation.

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?

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.

I'm from Indonesia and I don't feel like it's a bitcoin malaise.
The condition of crypto as legal tender is still illegal in Indonesia and of course that includes Bali as one of the provinces in Indonesia.
The regulation still cannot be done because even though the interest of people in my country is quite good about bitcoin lately but of course it is not a reference for them to do whatever they want including by doing crypto as one of the legal means of payment here.
It may sound like a defence but we must be aware of regulations and I quite agree with what the governor of Bali did because he did not ban crypto in his territory on the other hand we are also in Indonesia still quite comfortable with the government not banning but at least we also have to obey the regulations because what is currently valid in Indonesia is still with fiat and currencies other than crypto.
It is possible that these regulations will change but for now the things that make crypto a legal payment still do not exist in Indonesia.

Our government is still welcoming and actually accepts bitcoin and even in the bitcoin conference some time ago one of the Governors from Indonesia became a speaker in Miami and brought an agenda where this will have a positive impact on bitcoin in Indonesia and I think that could not be done in other countries and just saying bitcoin is not a legal payment to be something that is not friendly because it is still related to regulation is a little excessive i think.
This was also discussed on a local forum actually and if you are interested those of you who understand Indonesian can visit https://bitcointalksearch.org/topic/pembayaran-menggunakan-kripto-di-larang-keras-5454652 in addition that indeed we in Indonesia do not mean not welcome to crypto it's just that there needs to be some clear rules that must be obeyed as well especially with legal means of payment.

There are a few things I want to clear up here.
1. Bali is not a country but only a province in Indonesia.

2. Bitcoin is not banned here, it's just that for legal payments it is still prohibited because there are still no regulations and bitcoin is also still a commodity that is actually quite popular so there is no need to hide to be in bitcoin because the government is also quite neutral and even tends to support this.

Bali has recently implemented several peculiar regulations, possibly aiming to curtail the influx of tourists.
It is not surprising that they have prohibited the use of cryptocurrencies as a means of payment, as it allows them to maintain strict control over financial transactions

The authorities are deeply concerned about the adverse effects of tourism on the local culture and traditions, hence their proactive measures...

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.

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.

I won't worry myself much about this if I am living in such country, all I have to do is carefully invest in Bitcoin without anyone knowing, if Bitcoin is not legalized in the country yet it doesn't mean I can't invest because no one will know that I am a crypto investor anyway.

I am not advancing you to do the same, I am using myself as an example of what I would do if Bitcoin is not legal in my country.

every country has rules, crypto in Indonesia has not been legalized but is allowed because it is a commodity asset not for payment and it is regulated by the competent government, (as far as I know sorry if I'm wrong) Indonesia has currency like other countries one thing that is natural if the governor forbids there are crypto transactions in the government, at least the tourists respect the rules made the same as Indonesian citizens visiting other countries follow the existing rules.
your problem is that you want to come to Bali or not , that's your right, you don't need to have a negative opinion with Bali because the problem is they don't accept payments with Bitcoin

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.

Going to that place depends on your purpose, why are you going? it's hard to go there when you yourself don't know the reason even if it's one of the tourist spots in their country.

So if that's what he implemented about Bitcoin, there's nothing we can do about it, it should still be followed if you're there of course. If you have a good purpose in going there like Bali, I think it doesn't matter to you if it is forbidden to use Bitcoin as a payment there in their territory.

Bitcoin and other cryptocurrencies are not permitted to be used as a means of payment such as fiat currency in Indonesia and in all regions within the territory of the Unitary Republic of Indonesia.
The Indonesian government itself has regulated that Bitcoin and other types of crypto currency are only commodity assets. The government regulates all forms of rules and regulations through the Commodity Futures Trading Supervisory Agency (BAPPEBTI).

The case that went viral in Bali at that time was because one person accepted cryptocurrency as a means of payment for transactions and was arrested by the police.
I share the same thought with ETFbitcoin that spending Bitcoins to visit tourist spots is not a goal.

are you Indonesian?

If you are Indonesian, then you should understand that all crypto assets and Bitcoin cannot be used as legal tender in the Republic of Indonesia. Because the Indonesian government only allows bitcoin and crypto as commodity assets. which can only be traded on an exchange that has received permission from the government of the republic of Indonesia and by a special supervisory agency for commodity assets, namely Bappebti.

And what was conveyed by the governor of Bali is also in line with the rules that apply in Indonesia. Because even Bank Indonesia also said the same thing about this issue. (Sourch)

And I think that all Indonesian people actually think that the Indonesian government is a government that is very friendly to crypto and bitcoin. Even the rules and regulations for bitcoin and crypto are clear in Indonesia.

And OP, are you not aware that there are only a few countries that legalize bitcoin payments, one of which is El Salvador (the first) and the Central African Republic (the second).

If we all expect Bali to accept bitcoin as a means of payment, then that means you all tell Indonesia to become a country that legalizes bitcoin as a legal tender, following El Salvador and the Central African Republic.

But I personally am a native of the Republic of Indonesia. I have been comfortable with and respect all the regulations our government has made regarding crypto. Crypto has legally become a commodity asset in our country. so that we are free to exchange crypto even in public. as long as it is not used as a means of payment.

and even one of the governors from West Java, namely Ridwan Kamil, has been a speaker at an extraordinary event a few months ago, namely at the BITCOIN CONFERENCE.

solution from me if there are tourists who bring bitcoin and need fiat. then look for local residents and exchange your Bitcoin with Rupiah. so you can shop freely with our official currency, RUPIAH.

And vacationing in Bali is like a dream for many people. so I think there's no problem with crypto that can't be used as a means of payment there. people will still be attracted to Bali. there is like a holiday tour that provides a lot of fun and its natural beauty is extraordinary. especially the beaches.

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.

If I intend to take a vacation to Bali, even though bitcoin is prohibited in that place, I will definitely still go on vacation there, because the main goal is to have a vacation. But if only the use of bitcoin/crypto is given permission in Bali, I think it might be an additional attraction for Bali. Because the places in Bali are already very beautiful and enchanting with charming natural scenery, it will definitely make Bali a tourist spot that will be more famous and will be visited by many tourists from various countries.

And as for the matter of the u20 world cup which failed to be held in Indonesia, because it was caused by an incident of rejection of the Israeli national team, in my opinion this case should not be related to tourist spots, because that is something different. Because when visiting Bali, it is certain that most people go on vacation, not to debate other things, such as religion or one country.

So in essence I will continue to vacation in Bali, even though bitcoin is banned there and even though the governor of Bali does not agree with the Israeli national team.

that's true, many countries still reject bitcoin because they can't control it, but if big countries like USA and China accept bitcoin as payment then I'm sure other countries will also accept it.

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it seems that the event that will occur above, will experience a little problem.

They are still smart even now, the only reason these countries are restricting bitcoin is not because they don’t know it’s value but because they are can’t find a way to regulate or control it like other currencies. Some countries restrict or ban it for just religious purposes. But they do know the advantages it offers.

Worst for whom exactly? There has already been a law against crypto in Bali years ago; it's nothing new; it's not as if the country was crypto friendly earlier before and then they decided to make a law out of nothing. Everyone living there is aware of this, and travelers are just being reminded of what's going on in case they forget about it.

If people are unable to buy stuff with their preferred currency including bitcoin, they just use other methods of indirect payment with cryptocurrencies. For example, direct exchange of money with local residents even if it is illegal or another tourist. There is also many services that exchange bitcoin for FIAT and people can pay throughout credit card. The latter is more practical with less hassle since you are dealing with legit FIAT card without breaking any rule.

That is clear enough and not enough reason not to go to Bali, it's simple since the government doesn't recognize Bitcoin for payments in that country just like other countries that do accept Bitcoin either, you need to hold your Bitcoin as an asset then and exchange it to the local currency through p2p and use it whenever you want to make payment in that country.


The most important thing is that Bitcoin is an unstoppable asset and anyone can own it without restrictions its public usage may be limited but not unavailable to use, so the Bali governor may have a wrong stand with Bitcoin but that will not stop the citizens from owning Bitcoin since bitcoin is a decentralized asset.

People go to exotic destinations to enjoy and relax, not necessarily to use Bitcoin, even when it is completely legal and possible. Therefore, I think that such decisions do not affect tourism too much, because Thailand also banned payments with Bitcoin before, as did Turkey.

For those who go on vacation to pay with Bitcoin, there is always El Salvador or Boracay, and probably some other places where Bitcoin is not prohibited. However, if I were to choose my tourist destination, I would also take into account how each government treats its citizens, and whether there are any crazy laws that could land you in jail. Bali with its attitudes and strict laws is definitely not on my list of priorities.