i read news from indonesia - page 5.

Thymoty

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Activity: 372

Merit: 100

CPLAY Network

Quote from: galaxing on April 04, 2018, 12:29:22 PM

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'm not too surprised because the reason that issued by the Indonesian government is the same reason mentioned by countries that reject Bitcoin and cryptocurrency as a means of payment,
just respect the reason they say...

darkangel11

legendary

Activity: 2478

Merit: 1360

Don't let others control your BTC -> self custody

Quote from: daarul50 on April 04, 2018, 03:03:24 PM

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.

Oh yes, they should be grateful because the mighty power that decides what is good and what is bad for them has allowed them to keep cryptocurrencies instead of banning them. Cheesy

The government isn't there to decide what people can buy for their money, it's their freedom and their right and the power belongs to them. If they really wanted to be able to use cryptocurrencies, they would, and nobody would be able to stop them.
They shouldn't act like sheep that are being pushed around. The law is giving them enough power to sign petitions, protest in the streets, and take matters in their own hands.
I can understand that a government can refuse to accept cryptocurrencies as the legal tender, but it has no right to stop people from buying them if they choose to.

Chaki

jr. member

Activity: 196

Merit: 1

Maximum permission is allowing Bitcoin to penetrate also your government payment system including contributions and all, you are likely forcing your government to fully accept BTC and the first place, ALLOWING you to enjoy BTC is a big win for everyone, consider also that government has their own reason especially when it comes to security, laws approval and amendments.

GoldenLad

member

Activity: 266

Merit: 12

Yes, the digital currency can be misused but that shouldn't be an excuse for preventing them from investing in crypto. Even the popular fiat are also misused too cause some people are good at seizing every opportunity they have in making illegal money. If their government really want to encourage cryptos but are really concern about misusing it, then they should try regulating it instead of banning it.

vintages

full member

Activity: 966

Merit: 153

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!.

salamyman

hero member

Activity: 584

Merit: 502

No offense guys but I have a question: what's all this Indoensia talk? I mean everyone asks about their own country but there are a lot of topics about Indonesia all the time. What's that about?

kalstarzz

full member

Activity: 770

Merit: 100

Quote from: galaxing on April 04, 2018, 12:29:22 PM

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.

we must realize that the government of Indonesia or BI currently not really understand the technology blockchain and bitcoin so naturally they say such things. even once when the CEO of indodax in the meeting with the BI in a television show, and in the event the CEO of indodax has explained a lot about the BTC, and that is not enough to convince them.
so I think Indonesia will legalize BTC when the government or BI plunge in bitcoin directly, because that's the only way that can give a detailed understanding on the parties.

mafitjulit

jr. member

Activity: 64

Merit: 5

I read the news on one cool site, they put out in my language all the news that is in the world of crypto currency and then you can immediately decide where the course will go if you understand the basics of trade

silent17

full member

Activity: 420

Merit: 119

We cannot blame the Indonesian government to accept Bitcoin because as we all know, Bitcoin or cryptocurrency market really are very risky. The Philippines also have the same issue, They the government here doesn't encourage people to invest in any cryptocurrency because of the volatile of its price. But of course, it really depends on the people if they will really invest or not.

They just saying this for people to know the risk they are about to encounter if they join the cryptocurrency.

I really think this is just normal for the government to warn their people.

daarul50

legendary

Activity: 1596

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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.

Ris88

hero member

Activity: 2110

Merit: 502

Quote from: galaxing on April 04, 2018, 12:29:22 PM

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.

It is true that the Indonesian government has not yet decided or given permission to legalize bitcoin as an investment or payment, but the government also does not want if the Indonesian currency falls, but recently there has been good news about the future of bitcoin in Indonesia, if you want to know your latest news can open the Oscar twitter, on the last day they were talking about the problem of blockchain.

Here's a photo of them: https://s9.postimg.org/5zi4pjc7z/Screenshot_45.png

galaxing

jr. member

Activity: 168

Merit: 1

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.

Topic: i read news from indonesia - page 5. (Read 637 times)