Unfortunately it is true that they ban the all electronic coins in the cryptocurrency. They banned bitcoin not because it is illegal but the system they have.
All people consider cash-based system so there is a big difficulty once the bitcoin start to operate in their country.
Topic: Indonesia bans Bitcoin - page 3. (Read 1374 times)
As an impression that all countries agree to ban bitcoin, unbelievable
it's normal as long BTC is mainly used on black market, ICOs and so on....
I still dont get how countries can straight up ban bitcoin lol. I mean all it requires is the fucking internet. All these governments are just scared shitless about people cashing out and hurting the national treasury maybe
True. Majority of the governments in our world are afraid of the crypto currency world and bitcoin which is why they will never stop trying to regulate this market and will always fail at the end of the day because bitcoin is not something that any government can ever regulate. The funny thing is that most of these governments have separate motives like personal profit etc behind these moves and many people fail to see this and blindly fall for their scare tactics. All these governments need to realize that bitcoin is the future and must embrace since they cannot stop it.Yeah a lot of big banks and monetary institutions too, like Goldman and Fargo, which are some of the the known ones taking interest, and i am sure there are many other banks from other countries who are trying to capitalise off the market.
I think Indonesia may not ban Bitcoin, they may short-term prohibition of bitcoin transactions, but I believe there are still many investors.
I think the above article is made by the bank not from the RI government and they do it because they consider bitcoin as a rival.
Because if bitcoin has mastered the international market then there will be no more people who need the bank as a place to save money, because in addition bitcoin much safer transfer fee used only less than when transferring money through the bank.
Because if bitcoin has mastered the international market then there will be no more people who need the bank as a place to save money, because in addition bitcoin much safer transfer fee used only less than when transferring money through the bank.
As an impression that all countries agree to ban bitcoin, unbelievable
That's sad. As what I have observed, there are a lot of Indonesians using Bitcoin. But oh well, they might have found something irrelevant about it.
Asian cryptocurrency market is really huge. I'm not even sure which part of the world has bigger influence on crypto: East or West.
That's sad. As what I have observed, there are a lot of Indonesians using Bitcoin. But oh well, they might have found something irrelevant about it.
If this news would be authentic then it must be a frustrating news for this platform. I think day by day Bitcoin is becoming a popular platform for trading and payment system But China and some countries are trying to influence their people to stay away from this platform. But I think they will realize very soon and they will get involved in this platform in the future.
you are right, if the news is there, surely many people are disappointed, but I have not heard that anyone is disappointed because of the prohibition of bitcoin in Indonesia.
if Indonesia forbid bitcoin this is bad news, because some indonesian people are bitcoin users, and maybe Indonesia will experience financial problems. I hope this is a misnomer, because I am afraid if bitcoin is banned in indonesia.
http://www.bi.go.id/id/ruang-media/siaran-pers/Pages/sp_200418.aspx 
https://translate.google.com/translate?sl=id&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bi.go.id%2Fid%2Fruang-media%2Fsiaran-pers%2FPages%2Fsp_200418.aspx&edit-text=
https://translate.google.com/translate?sl=id&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bi.go.id%2Fid%2Fruang-media%2Fsiaran-pers%2FPages%2Fsp_200418.aspx&edit-text=
According to the source you have given, Indonesian Government only banned Bitcoin and another Cryptocurrencies to be used as a payment method. So far they are not banned bitcoin either as a store value or owning it. This is normal as there are still many countries that banned cryptocurrency as a payment method. I think many countries still not ready with the appearance of cryptocurrencies. Once they realize the benefit of cryptocurrency, i'm quite sure they will start accepting it. Even though they will banned bitcoin either as a payment method or as a store value, it won't stop people from that country from using bitcoin as bitcoin is decentralized and anonymous.
If this news would be authentic then it must be a frustrating news for this platform. I think day by day Bitcoin is becoming a popular platform for trading and payment system But China and some countries are trying to influence their people to stay away from this platform. But I think they will realize very soon and they will get involved in this platform in the future.
based from my own research and some articles that I read I think Indonesia is still getting cautious of how bitcoin is progressing and not a total ban but just enough for them to control what goes in and out and to better understand the function of the bitcoin to people and especially to their government and country as well which is much more important to them than anything
if it happens it will force them to stop interacting also invest with bitcoin
but is not that just a claim from some parties and has not been issued official decisions from the government, I hope bitcoin will still be accepted, even around the world.I think the government sees in terms of losses incurred alone. they do not see from the user side. profits to be gained and employment opportunities for its citizens. government not looking at it sounds too authoritarian. Btw which I fear the worst is close the local exchange that is bitcoin.co.id..
but is not that just a claim from some parties and has not been issued official decisions from the government, I hope bitcoin will still be accepted, even around the world.I think the government sees in terms of losses incurred alone. they do not see from the user side. profits to be gained and employment opportunities for its citizens. government not looking at it sounds too authoritarian. Btw which I fear the worst is close the local exchange that is bitcoin.co.id..
I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..
I have no idea of that. I hope its not, because everyone can own bitcoin. But you ysed your bitcoin in a good way. Dont be greedy. 
So maybe ban the bitcoin in their place maybe they know that bitcoin is just a scam and it's a big mess. Bank Indonesia's new regulation explicitly mentions Bitcoin and the like, saying, "the use of virtual currencies in payment system [and] activities... is prohibited."
as far as I know Indonesia is prohibiting users to make payment transactions using bitcoin and there is no prohibition to do business using bitcoin, but I think with the regulation is certainly a disadvantage for users to freedom of transactions using bitcoin
My point of view here is that maybe bitcoin ban on their place because they fear they might scam their money. As the western world wakes up to the potential of blockchain technology and more institutions recognize it, the countries of Asia remain skeptical. The Asian trading session is always a good indicator of how the rest of the day is going and today BTC surpassed $14,000 for the first time
This is not a ban of Bitcoin. A ban of Bitcoin would be if thet would close exchanges, and go after people who trade Bitcoin with each others. Indonesia has just said that Bitcoin is not money so it cannot be used to buy goods. Anyway, Bitcoin has stopped to be money the day it has become an asset that people buy as a store of value. So much ado for nothing.
https://www.ccn.com/indonesia-undercover-bitcoin-bali/
anyway, BTC is useless as payment method. it's VERY expensive and VERY SLOW.
anyway, BTC is useless as payment method. it's VERY expensive and VERY SLOW.
Jump to: