Topic: i read news from indonesia (Read 637 times)
is true that Indonesian Givernment banned bitcoin for every financial transactions. But, we can not blaming the government at all because the reason behind the banned is freedom of cryptocurrency that is not regulated by any organization or institutions and this make cryptocurrency very risky.
My opinion the Indonesian government has its own view about bitcoin. the government is still afraid of the negative impact.
And I think the Indonesian government must be aware that bitcoin can benefit society and government.
And I think the Indonesian government must be aware that bitcoin can benefit society and government.
until when will Indonesia be like this?... his government has not given the maximum permission to use bitcoin, whereas, bitcoin has given a new color for the people of Indonesia. bitcoin has changed the economy of Indonesian society.
i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
Maybe they are just saving their own currency which is also essential to the country. We all know that cryptocurrency and the natural currency hardly co-exists in many countries so that is the reason why government bans one. To that end, I hope that Indonesia will not fully ban crypto because it can do many things. i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
until when will Indonesia be like this?... his government has not given the maximum permission to use bitcoin, whereas, bitcoin has given a new color for the people of Indonesia. bitcoin has changed the economy of Indonesian society.
i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
all the news is true, that's the reason why bitcoin is banned in indonesia as an investment tool. to protect its people from harmful investments.
but we can be more careful in investing, so that fear does not happen.
banks are afraid because their investors are turning to bitcoin or cryptocurrecy as their money saver, since there is no need for additional costs and self-regulating money,
until when will Indonesia be like this?... his government has not given the maximum permission to use bitcoin, whereas, bitcoin has given a new color for the people of Indonesia. bitcoin has changed the economy of Indonesian society.
i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
I am from country India and just like bank of Indonesia, reserve bank of India also clearly stated that they are not responsible for any any kind of loses regarding bitcoin and moreover in the April of month they also banned the use of bitcoin from all the domestic exchanges of India and the reason behind all these prohibition of bitcoin from these countries is also because of illegal use of bitcoinlike in selling drugs, explosives, money laundering etc and these countries don’t want to legalise crypto currencies in their nation and also demotivating people, not to inv st in them. i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
It can not be denied if until now bitcoin more benefits but not everyone enjoy it. Because many people are still not familiar with bitcoin in depth. Only a handful when compared with the many people in this world. Not only bitcoin that risks for money laundering and terrorism, but fiat money has also proven to be money laundering and terrorism. For this all back to its users.
I think every country has its own reasons for accepting and rejecting the existence of bitcoin. It is also related to the readiness of the country in controlling the circulation of digital currency in the country. If a country is not ready to regulate its regulation especially for its own country then it will reject it. On the other hand, we can see countries that accept the presence of bitcoin, they are ready to control the circulation of bitcoin in their country.
The government can also be understood. In the first place, this is an income that can not be taxed. Secondly, the cryptocurrency is sometimes used in terrorism and drugs.
The government does not officially prohibit bitcoin
Bitcoin not ban by any other people this is the main special features involved in bitcoin so the government are opposing bitcoin due to some economic reasons but not ban by government.
The government of Indonesia should really give their citizen a break. What will they have them do? Since they can't provide for their every need and the people find shelter with cryptos, the least they can do is to encourage them to invest. Take a look at Zimbabwe, most citizens are able to live a good life all because of cryptos. If Indonesia really want to ban cryptos, they should first provide for their people!.
What banned is Cryptocurrency transactions, not a ban of the Coin itself. Read this https://www.tripadvisor.com/ShowTopic-g294226-i7220-k8612496-Indonesian_ban_on_foreign_currency_payments_from_July_1-Bali.htmlDollar ownership is legal but if used as a medium of exchange it’s a violation.
Don’t talk much if you don’t know the truth.
The government does not officially prohibit bitcoin
I think they are just right to educate their people that yes bitcoin is very risky. It is very volatile. Education is one way to inform people how to traverse through the risk and make it better in bitcoin or crypto in general.
Based on what I have read, Indonesian superiors have investigated the use of bitcoins on the island of Bali, in the wake of the largest economic central bank in Southeast Asia over the problems raised by real world currencies. There are some residents living in Bali saying that bitcoins have been used by foreigners on the island, namely Indonesia's tourism hub and have the largest expat community.
until when will Indonesia be like this?... his government has not given the maximum permission to use bitcoin, whereas, bitcoin has given a new color for the people of Indonesia. bitcoin has changed the economy of Indonesian society.
i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
this reason is not only happening in Indonesia but in the average country that rejects Bitcoin, this happens naturally because the development of Bitcoin has been very frightening for governments, let the time answer, because I'm sure in the future their opinion on Bitcoin will change... i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
I think is much reason why the government in Indonesia not accepting the Bitcoin as payment especially for BI. For example, maybe Indonesian government afraid if citizens get a loss (protecting citizens), and soon. Indonesia needs to draft the legislation, regulations before legalized bitcoin.
But people in Indonesia is still can buy and hold Bitcoin.
But people in Indonesia is still can buy and hold Bitcoin.
The Indonesian government only prohibits any kind of payment using bitcoin because the legal currency is used only Rupiah. However, the people of the country should be grateful because the government does not completely ban the use of bitcoins.
Yess that's true. Indonesian only prohibits kind of payment using bitcoin. so we still allowed to invest on bitcoin.
until when will Indonesia be like this?... his government has not given the maximum permission to use bitcoin, whereas, bitcoin has given a new color for the people of Indonesia. bitcoin has changed the economy of Indonesian society.
i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
Bank of Indonesia is clearly stating that the use of any crypto currencies is strictly prohibited in their nation and like India they clearly declared crypto currencies as illegal in their nation . According to almost all the countries, use of crypto currencies can put their national security at risk because bitcoin being decentralised and having no authorised regulating body over bitcoin and moreover bitcoin transactions does not involve any third party seizure so many social defaulters use it as illegal means like selling drugs, explosives and money laundering and this is the reason they the government of Indonesia is demotivating people from using crypto currencies. i read news from indonesia :
Bank Indonesia (BI) reiterated that investments in digital currency or cryptocurrency are very risky. Therefore, BI advises people to avoid investing in this type of digital currency.
Agus Martowardojo, Governor of BI noted, there are currently as many as 1300 types of digital currencies circulating in the world.
The prohibition of this digital currency because it has an unclear underlying and from the side of consumer protection is still very low.
Moreover, according to BI, this digital currency can be misused as a means of money laundering and terrorism.
they (Bank Indonesia) fear with bitcoin that their project will down because investor and entrepreneur no more using bank.
as i know from indonesia is the central bank is restict the transaction with bitcoin, which is the government make a polixy that just local currenceis can used for a transaction, and bitcoin for investment and trading is okay in indonesia,
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