Topic: BTC in your country - page 25. (Read 44503 times)

Quote from: ABCbits on June 29, 2015, 01:06:11 PM

yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

So what will you do then after bitcoin is banned in Indonesia? I'm curious if bitcoin user in Indonesia never do transaction with bitcoin as the medium payment? In online shop maybe? If so, isn't it break the rule?

It already happened in China. A very few places were starting to take it as payment in 2013. All the government had to do was order merchants not to do it. Hey presto, end of actually useful BTC economy there.

I'm sure it could continue just fine between private individuals, but any time interacts with any area where authorities watch over it such as banks or businesses it's easy enough to turn out the lights.

I have heard about China and Russia, maybe people in Indonesia have other methods to do the transactions then. In China, there were some online shop didn't accept bitcoin since the government ban it, but bitcoin is growing rapidly there. I have no idea about bitcoin development in Indonesia and how many shop that accepting bitcoin there.

As far as i know, only rupiah is the legal currency. It means bitcoin & other currencies isn't allowed Sad

But, government don't care much about bitcoin so bitcoiner in Indonesia still can use bitcoin without any problem for now.

There are few shops which accept bitcoin in indonesia, but most of them are online shop.
Also, Bank Indonesia (Central bank of the Republic of Indonesia) said that they only found 2 shops which accept bitcoin few years ago

jayce

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As far as i know, only rupiah is the legal currency. It means bitcoin & other currencies isn't allowed Sad

So, can't we use foreign currency then in there, like USD?

Quote from: ABCbits on June 29, 2015, 01:06:11 PM

There are few shops which accept bitcoin in indonesia, but most of them are online shop.
Also, Bank Indonesia (Central bank of the Republic of Indonesia) said that they only found 2 shops which accept bitcoin few years ago

Yeah I think online shop is safer place to use bitcoin than in real world then. So, what the central bank did to shops, since bitcoin is being banned in the country? But I'm impressed the bank did search the shops that accept bitcoin, I guess it means bitcoin has influenced economy of Indonesia since few years ago.

ed_teech

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Jahaha

Quote from: bryant.coleman on June 29, 2015, 10:16:40 AM

Quote from: ed_teech on June 28, 2015, 09:16:20 AM

In Iran no one uses Bitcoin. We had a group which promoted the coin, but the public awareness is literally zero.

Lol.... if no one uses Bitcoin in Iran, then you wouldn't have joined this forum. Grin

There is a Persian thread in the local section of this forum. Only a few users are active there, but I am really hopeful that in the near future, a full fledged Farsi subsection could be started.

https://bitcointalksearch.org/topic/persian-620798

Yes, I always check that section and answer user's questions.

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Quote from: Dotakels on June 29, 2015, 10:38:51 PM

Banks banned the bitcoin into indonesia, they were scared when people used bitcoin and they have no more customers. Thats why they banned bitcoin. And also they pride are so high, they don't need anything or they don't need help of bitcoin to grow their economy.

the good thing about bitcoin is that it is decentralized so they can always use bitcoin and invest in it no matter the government says. they only need access to cash to buy bitcoin and put it in their wallet without the need of any sort of banks.

Dotakels

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Quote from: jayce on June 28, 2015, 11:19:25 AM

Quote from: Dotakels on June 28, 2015, 09:31:31 AM

Quote from: grandFX on June 28, 2015, 01:12:59 AM

Quote from: zenojb on June 25, 2015, 11:23:09 AM

Bitcoin in Indonesia?
The lack of recognition of Bank Indonesia (BI) to use Bitcoin virtual money do not hinder the instigators continue to conduct transactions.
In the middle of public ignorance about bitcoin, the number of users actually recorded an increase.

Currently in indonesia bitcoins is not so populer yet.
but, one a positive note, indonesia central bank did not have details policies in place to govern bitcoin

it could explain why the awareness about bitcoin is rising, and why there are more people using it there, basically in non regualted place bitcoin is rising more because there is less oppression from the government

so the theory about the fact that people do not want to use bitcoin because of their government's restriction is true, they actually want to use it but are intimidated by their legislation

Yeah i also notice that, and i didn't get or i don't know what is their valid reason, or maybe they just only want to block bitcoin etc. And i don't have any idea about why they not accepted bitcoin although its purpose is only to easy the transaction and have only a low fee without tax.

Well not only Indonesia, but also there are several countries that banning bitcoin too. If you want the valid reason, maybe you can read it https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country

Since there were many crimes involved bitcoin, it will be harder for us to develop it in our country.

Banks banned the bitcoin into indonesia, they were scared when people used bitcoin and they have no more customers. Thats why they banned bitcoin. And also they pride are so high, they don't need anything or they don't need help of bitcoin to grow their economy.

knowhow

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i were say that the government if cant steal the money into some place they wont look into it as an option they will just follow it if some countries enter on those new world otherwise wont happen soo soon and yes were steal wrong typed xD

grandFX

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Quote from: gentlemand on June 29, 2015, 10:10:57 AM

yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

So what will you do then after bitcoin is banned in Indonesia? I'm curious if bitcoin user in Indonesia never do transaction with bitcoin as the medium payment? In online shop maybe? If so, isn't it break the rule?

bitcoin can be traded as a commodity ( a digital commodity) same as gold. bitcoin is allowed to exist in indonesia.

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Quote from: Amph on June 29, 2015, 10:20:19 AM

yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

So what will you do then after bitcoin is banned in Indonesia? I'm curious if bitcoin user in Indonesia never do transaction with bitcoin as the medium payment? In online shop maybe? If so, isn't it break the rule?

It already happened in China. A very few places were starting to take it as payment in 2013. All the government had to do was order merchants not to do it. Hey presto, end of actually useful BTC economy there.

I'm sure it could continue just fine between private individuals, but any time interacts with any area where authorities watch over it such as banks or businesses it's easy enough to turn out the lights.

I have heard about China and Russia, maybe people in Indonesia have other methods to do the transactions then. In China, there were some online shop didn't accept bitcoin since the government ban it, but bitcoin is growing rapidly there. I have no idea about bitcoin development in Indonesia and how many shop that accepting bitcoin there.

Dotakels

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it could explain why the awareness about bitcoin is rising, and why there are more people using it there, basically in non regualted place bitcoin is rising more because there is less oppression from the government

so the theory about the fact that people do not want to use bitcoin because of their government's restriction is true, they actually want to use it but are intimidated by their legislation

yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

then this is another reason why bitcoin is seen as investment only and not as a currency, if they keep it like that and do not let it grow, in some country it might remain forever as an investments only

i'm interesting in knowing if they could actually stop those that will use it directly, in exchange for goods, locally in india

And also they seen bitcoin as only a way to transact easily without interrupting or any paper to sign. Because some user of bitcoin, saw bitcoin as a wrong way, like they introduce it into a newbie on using bitcoin as only investment and easy transaction.

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Quote from: ed_teech on June 28, 2015, 09:16:20 AM

it could explain why the awareness about bitcoin is rising, and why there are more people using it there, basically in non regualted place bitcoin is rising more because there is less oppression from the government

so the theory about the fact that people do not want to use bitcoin because of their government's restriction is true, they actually want to use it but are intimidated by their legislation

yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

then this is another reason why bitcoin is seen as investment only and not as a currency, if they keep it like that and do not let it grow, in some country it might remain forever as an investments only

i'm interesting in knowing if they could actually stop those that will use it directly, in exchange for goods, locally in india

bryant.coleman

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In Iran no one uses Bitcoin. We had a group which promoted the coin, but the public awareness is literally zero.

Lol.... if no one uses Bitcoin in Iran, then you wouldn't have joined this forum. Grin

There is a Persian thread in the local section of this forum. Only a few users are active there, but I am really hopeful that in the near future, a full fledged Farsi subsection could be started.

https://bitcointalksearch.org/topic/persian-620798

gentlemand

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Welt Am Draht

yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

So what will you do then after bitcoin is banned in Indonesia? I'm curious if bitcoin user in Indonesia never do transaction with bitcoin as the medium payment? In online shop maybe? If so, isn't it break the rule?

It already happened in China. A very few places were starting to take it as payment in 2013. All the government had to do was order merchants not to do it. Hey presto, end of actually useful BTC economy there.

I'm sure it could continue just fine between private individuals, but any time interacts with any area where authorities watch over it such as banks or businesses it's easy enough to turn out the lights.

jayce

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yes, that right. but we may conclude that the legal medium of exchange in indonesia should be only rupiah and people are allowed to buy, sell and own bitcoin as long as it not used as a medium of payment.

So what will you do then after bitcoin is banned in Indonesia? I'm curious if bitcoin user in Indonesia never do transaction with bitcoin as the medium payment? In online shop maybe? If so, isn't it break the rule?

grandFX

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