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Topic: Bitcoin on The Island of Bali, Indonesia - page 5. (Read 650 times)

hero member
Activity: 952
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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/

Things like this have been happening and we've seen some countries whereby they made the law against bitcoin and later changes it again in favour of it acceptance, it's either it's in the law that bitcoin acceptability is legal in the country for making payments or not, yet on either of this outcome, the people will still invest and trade bitcoin because it's a p2p digital currency as long as they are not using the banks to perform such transactions.

I don't think they can still be as worst as China in this sanction against bitcoin with the law they established and moreover Bali is not a popular and well recognized country that have the best of economy and financial technology advancement not to talk of their participation in cryptocurrency, tourism could have been a boost on their end but yet they are still making laws to restrict intending tourist.
sr. member
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There's no actually issue if the country you will visit doesn't accept crypto or blockchain payment since that's their rules. As a tourist or visitor of another country you must follow and obey the law so your visit would be enjoyable. If your funds is at Bitcoin then just simply use fiat money so there won't be a problem easy. Don't complicate your life there will be a solution to everything.
legendary
Activity: 2044
Merit: 1018
Not your keys, not your coins!
If you don't use Bitcoin as a payment method, you don't have issue with local laws. Many countries don't accept Bitcoin as a payment method but you can use it as an asset storage, as one asset in your portfolio, governments won't knock your doors and put you into jail.

If you are worrying about potential problems when you are buying and selling Bitcoin through fiat currencies, you can use non KYC exchanges.

https://kycnot.me/?cash=on

Prohibited as a payment method does not mean you are not able to buy or sell Bitcoin through your national fiat currency.
full member
Activity: 363
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In my opinion, we must obey the regional regulations, if in that area it is prohibited to make payments using bitcoin or crypto.

and indeed in Indonesia the government still prohibits its people from using btc as a means of payment, but what I know in Indonesia the government allows its people to invest in btc and btc is only used as an asset.

and of course I will go to Bali for vacation and I will obey the government regulations there.
hero member
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with rules like this, do you still want to go to bali?
Yes. I'll still go there if I have to since I wouldn't even mention that I am into Bitcoin. There's nothing wrong with these policies if that's what they think is best for their locality. It's a different matter to discuss about their relationships with other countries and their stance against Bitcoin. So, if I'll be going there for some certain purpose like tourism then those factors will be out and I'm there for that very reason. You don't ask that there are likely citizens on that area that are into Bitcoin, you'll never know.
legendary
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Bitcoin and other cryptocurrency was never legal payment option on Bali. So what government did is only reminding people who violate the law. After using advance search, i managed to find these old news.
https://www.bangkokpost.com/thailand/general/1398718/bitcoin-use-on-bali-probed
https://bitcoinist.com/indonesian-government-cracking-bitcoin-use-bali/

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

Yes. Spending or using Bitcoin isn't my primary goal to visit tourism destination.
hero member
Activity: 700
Merit: 673


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

Quoting for image visibility...


Yes, with rules like that, it does not stop me from going there for exploration; it's just fun traveling and not for business of any kind. If I already planned to travel to any part of the world to go and spend time and have some fun, then it will be very smart of me to gather funds that will be enough for me based on their accepted payment method. Every government is just looking and acting in line with what they think is best for their citizens and their economy at large. If they say no Bitcoin payment, then tourists should respect their decisions because, in a country like that with strict rules, if you are found breaking any of them, I think the punishment might not be nice at all. Although the Bitcoin payment method is not acceptable, opportunities for breaking those rules will barely present themselves.
member
Activity: 232
Merit: 56


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/
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