Bitcoin on The Island of Bali, Indonesia - page 4.

salad daging

hero member

Activity: 1624

Merit: 791

Bitcoin To The Moon 📈📈📈

In Indonesia, bitcoin is a commodity asset, nothing more than that if someone uses bitcoin, it is clear that this has violated existing regulations because Indonesia only authorizes payments in its local currency, not bitcoin or other crypto.

So don't be misunderstood because indeed Indonesia has never adopted payment with any bitcoins except with its own fiat currency, then why is OP a problem?

I think other countries also apply the same thing.

Quote from: _BlackStar on May 30, 2023, 09:56:42 AM

Quote from: chigo on May 30, 2023, 04:23:22 AM

with rules like this, do you still want to go to bali?

Why not - Bali is a wonderful place for tourists, and I thought I had to abide by the country's rules when I was a tourist.

Bali is the most visited place by tourists and even artists often vacation there.
The atmosphere in Bali is amazing.

tbct_mt2

hero member

Activity: 2366

Merit: 838

Quote from: _BlackStar on May 30, 2023, 09:56:42 AM

Why not - Bali is a wonderful place for tourists, and I thought I had to abide by the country's rules when I was a tourist.

It seems that Indonesia is a country that is quite friendly with cryptocurrencies as reported, it's just that you are not legal to use bitcoin as a legal tender there, so you must convert your bitcoin to fiat before paying for something. Simply put, don't break someone else's country rules just because you own bitcoin. If you want to spend bitcoin as legal tender then try El Salvador - you are free to spend it legally in that country.

I don't think banning Bitcoin as a payment method in Bali will make that destination becomes less interesting for tourists. It must be a beautiful, peaceful and friendly location to attract tourists and if you plan to visit that place, you don't have to restrict yourself to pay all expenses in Bitcoin.

Many ways to pay and if Bitcoin is prohibited, you will easily pick other available methods to enjoy your tour.

When you are traveling, for safety, only brings your hot wallets as many accidents can happen during your tour and you don't know what will come at your tour beginning. That prohibition is not a big matter with me as I can use fiat currency, e-wallets to make payments. I also don't want to bring my bitcoin around as I don't want to lose my coins by pickpocket (lose my phone). Bitcoin is my fortune for my family future and I want to keep it as safest as possible.

avikz

legendary

Activity: 3080

Merit: 1500

Is it just Bali or entire Indonesia? I believe the Indonesian government has allowed crypto currency trading while banning it from being used as a payment method. Also the religious council of Indonesia termed cryptocurrencies as Haram. So what Bali governor is doing, is not much different than the mindset of the current government.

I think this is being enforced tightly because many tourists are probably trying to use bitcoin as a payment method while visiting there.

Z390

sr. member

Activity: 812

Merit: 315

Vave.com - Crypto Casino

This is nothing new, any country that ban Bitcoin as means of payment know too less about the innovation, even US that was categorised as one of the most smartest countries alive know too less about crypto and Bitcoin, they shamed themselves using someone like Gensler to go after crypto and he knows nothing about security, and call Ethereum a security.

This might also be a game for the country too ( Indonesia ) , if the government of that country believe that they can benefit from crypto and Bitcoin, they can introduce a ban in the first place and later lift the ban when they have their games set up and running.

It's a matter of time, and mass adoption is not something we can rush up, before many countries start seeing nothing bad with crypto and Bitcoin, they must see the few countries that accept crypto progressing fast.

Ucy

sr. member

Activity: 2674

Merit: 403

Compare rates on different exchanges & swap.

Well, it's their system. They are free to choose what to or what not to allow. We hardly encourage people to rely on the system they control for long-term Bitcoin/crypto usage as it's not sustainable.

Better to do decentralized p2p Bitcoin transactions with people who are completely independent of the system and do not engage in immoral/illegal businesses

_BlackStar

legendary

Activity: 1064

Merit: 1228

Playgram - The Telegram Casino

Quote from: chigo on May 30, 2023, 04:23:22 AM

with rules like this, do you still want to go to bali?

Why not - Bali is a wonderful place for tourists, and I thought I had to abide by the country's rules when I was a tourist.

It seems that Indonesia is a country that is quite friendly with cryptocurrencies as reported, it's just that you are not legal to use bitcoin as a legal tender there, so you must convert your bitcoin to fiat before paying for something. Simply put, don't break someone else's country rules just because you own bitcoin. If you want to spend bitcoin as legal tender then try El Salvador - you are free to spend it legally in that country.

yazher

hero member

Activity: 2268

Merit: 588

You own the pen

Well! this is just one of those governments who are hostile against Bitcoin and we can't do anything about it because if we are in their shoes, we know that they are just protecting their citizens from any kind of tools for scams. As we talk a lot about this stuff, we know if people are not knowledgeable about bitcoins, they are easily fooled and might gonna lose all their money when they get scammed. Contrary to us because our government knows that we are aware of anything to happen and they just need to warn us about scammers and the rest is up to us. People are lucky that they experience transacts freely with bitcoins as we see right here not all have that kind of privilege in other parts of the world.

kryptqnick

legendary

Activity: 3248

Merit: 1402

Join the world-leading crypto sportsbook NOW!

I've never been to Bali and I wouldn't go even if I could because of how strict that place is. Some time ago, they criminalized extramarital sex, which honestly sounds crazy in contemporary world. They also have a death penalty for drug trafficking, you can be jailed for ADHD pills, and other stuff. So the crypto ban is just another one to add to the list of unnecessarily strict laws, and yet another reason to simply avoid this tourist destination. I mean, even for the crypto thing, they could just make it an outlawed activity but without an actual penalty, but in reality the penalty can be a hefty fine or even prison time.

Majestic-milf

hero member

Activity: 966

Merit: 620

Quote from: chigo on May 30, 2023, 04:23:22 AM

with rules like this, do you still want to go to bali

Yes, I would. Bali is a beautiful place to be.
Although I wouldn't blame his decision on crypto currencies as he's trying to defend the local fiat(the rupiah) against the widespread use of the dollar.
But if I were him, I'd not just accept it as an asset, but also for it to be used in transactions since it would make transfer of funds easier as they will not be restricted by borders and the fees are minimal. And since Bali is a place heavily dependent on tourism, it would go a long way to help because more tourists would want to not just visit, some would think to start business there.

NotATether

legendary

Activity: 1568

Merit: 6660

bitcoincleanup.com / bitmixlist.org

Quote from: demonica on May 30, 2023, 07:49:25 AM

If I were to travel and enjoy the vacation, I would still go since that's the purpose of going to Bali. Like, you can still enjoy and spend there using fiat. However, it would be a good way to promote Bitcoin if tourist spots like Bali are crypto-friendly because it can help attracting other people and get to know Bitcoin. Though regardless of the government prohibiting Bitcoin, if the establishments around Bali are not really into Bitcoin or doesn't know Bitcoin, it won't still affect Bitcoin adoption.

If you're on a vacation, why are you interested in promoting Bitcoin to people? It is not a full-time job. You should be relaxing and enjoying your vacation instead of doing something like that, especially in a country that has made it clear that Bitcoin and crypto are not welcome there.

Quote

What's the point of accepting or prohibiting it if the stores/shops doesn't even offer Bitcoin or crypto payment?

It's probably a deterrent to prevent any of those shops from accepting cryptocurrency or bitcoins.

demonica

full member

Activity: 406

Merit: 109

If I were to travel and enjoy the vacation, I would still go since that's the purpose of going to Bali. Like, you can still enjoy and spend there using fiat. However, it would be a good way to promote Bitcoin if tourist spots like Bali are crypto-friendly because it can help attracting other people and get to know Bitcoin. Though regardless of the government prohibiting Bitcoin, if the establishments around Bali are not really into Bitcoin or doesn't know Bitcoin, it won't still affect Bitcoin adoption. What's the point of accepting or prohibiting it if the stores/shops doesn't even offer Bitcoin or crypto payment?

m2017

legendary

Activity: 1792

Merit: 1296

Crypto Casino and Sportsbook

A precedent was set (when tourists pay at btc), so the Bali government had to somehow respond to what was happening. This is a common occurrence in all countries and in all countries, the only legal means of payment is the local currency (with some exceptions, like El Salvador, where bitcoin is legal). I think that around the world it will gradually happen in much the same way: as soon as the payment in BTC in the country increases, the authorities will react to it. Some countries will prohibit, others will allow to pay using btc. The status of neutral will be kept until a certain point, and then governments will have to choose.

It seems to me that this event is not a reason not to travel to Bali. As I understand it, owning bitcoin is not yet prohibited there, which means that you can exchange it for the Indonesian rupiah and pay with it.

In this news, I see a positive moment, and it is this: the amount of btc payment has reached such proportions that the authorities were forced to do something about it. This is a good indication that bitcoin is still being used as a means of payment in some places. Until a certain point.

macson

full member

Activity: 1148

Merit: 151

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: chigo on May 30, 2023, 04:23:22 AM

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

i respect local rules, i'm not a problem person, i like to have a peaceful vacation.... Bali is an extraordinary place, i still remember when i was 12 years old and my parents took me on vacation there, my favorite place is Pandawa Beach, if there is one more chance then i will not hesitate to take a vacation there again with my little family, even though the government there prohibits from making transactions with bitcoin. anyway, a friend of mine told me that P2P is not banned there, he did that there and i will do the same as him.

Asiska02

hero member

Activity: 1008

Merit: 702

Quote from: chigo on May 30, 2023, 04:23:22 AM

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

You can’t allow rules like this to stop you from going to a tourist center attraction for a visit or vacation. Bitcoin is just a means of payment and its use not being disabled their for payment because it has a negative impact there. The only reason I won’t go to a place like that is when it poses risk to security of lives while on vacation there. Bali is just a province in Indonesia, and their lack of acceptance to bitcoin will have no effect on bitcoin adoption globally.

palle11

sr. member

Activity: 2366

Merit: 332

Quote from: chigo on May 30, 2023, 04:23:22 AM

with rules like this, do you still want to go to bali?

If I have chosen to relax myself in Bali I will despite the restriction of not using bitcoin there Traveling is for experience and to add to your knowledge and now if you happen to visit the place you can tell the story of the place and give confirmative narrative that they don't allow the use of bitcoin as a first hand witness or observer and not hearsay. So I will visit, I will exchange my fiat to their local currency and go on the trip for my pleasure after all I'm not part of the country but just a visitor that will leave.

Solokan

sr. member

Activity: 616

Merit: 306

Rollbit.com

As a BTC investor, I don't mind the existence of Indonesian government regulations that make it illegal to use bitcoin or crypto for buying and selling transactions.

I think in this case we have to be wise and have to obey the rules that apply in that area.

In my opinion, if we want to take a vacation to Bali, we should only use fiat money (rupiah) for buying and selling transactions because the purpose of our vacation is to seek pleasure, so enjoy your holiday with a happy heart.

Kryptowerk

legendary

Activity: 2114

Merit: 1403

Disobey.

Generally Indonesia has been suffering from a very strict and repressive government recently. So their aim to control financial flows and outlawing Bitcoin shouldn't be too suprising.
These instituations of power usually don't realize they are missing out on a great opportunity to improve their attractiveness both for tourists and new businesses. Oh well, nothing new to see here.

And a tiny sidenote about Bali: Yes it's nice, but there are so many beautiful places in Indonesia that are not saturated by tourists (yet). It's funny to see all the attention is always going towards Bali.

bittraffic

hero member

Activity: 3038

Merit: 617

Why is it that you sound furious about it when after all its their rules. No need to campaign to remove the destination from the tourist destination list.

You can spend their local currency when you visit the island. There is no need to get fuzzy about the local government there. You'd be glad to send their own currency to pay than BTC since you can save the coins for yourself.

Fiatless

hero member

Activity: 574

Merit: 554

Leading Crypto Sports Betting & Casino Platform

Quote from: chigo on May 30, 2023, 04:23:22 AM

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?

It depends on the currency I want to use to pay for my holiday or tourist trip. If I intend to use Bitcoin, then I will never visit Bali because the consequences will be harsh. Every tourist should abide by the laws of the land of the country, so if the government prohibits the use of Bitcoin and other coins as a means of payment, there is no need to violate the law. After all, many tourist destinations are crypto-friendly. Instead of facing deportation, arrest, or even imprisonment, it will be better to avoid such a country. But the government of Indonesia will regret its actions because it will not attract crypto-friendly tourists. At a time when nations are opening up their territories to crypto, the Island of Bali is shutting an opportunity for more revenue.

siniminomorocomunisakito

member

Activity: 416

Merit: 34

Quote from: ABCbits on May 30, 2023, 04:50:09 AM

Yes. Spending or using Bitcoin isn't my primary goal to visit tourism destination.

Bali, as a popular tourist destination, may still face limitations in accommodating the preferences of crypto-savvy tourists. It was stated that Bali Governor Wayan Koster's attitude towards Bitcoin was influenced by Indonesian Government Regulations and followed by regional regulations. It's wise to just follow the rules there because it's just a matter of following the rules and not a big obstacle I think.

Topic: Bitcoin on The Island of Bali, Indonesia - page 4. (Read 650 times)