Topic: Indonesia bans Bitcoin - page 7. (Read 1372 times)
Everything goes according to plan, all of Asia for some reason does not much prefer crypto-currencies and prohibits transactions and exchange in Fiat. I wonder how this will affect ordinary people, or rather their decision in the future for such an event.
http://www.bi.go.id/id/ruang-media/siaran-pers/Pages/sp_200418.aspx 
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which Indonesia has forbidden to ban bitcoin is, Indonesia has not legalized bitcoin as a legitimate transaction tool that can be used for buying and selling in Indonesian market, and this does not apply to those who own or store bitcoin
I love how we care what Indonesia bans since they are usually on the forefront of technology and innovation....
which became confused is, when the news circulated, not long after Ripple announced that Bank of Indonesia in cooperation with XRP
WTF
WTF
this issue is long and I'm not surprised. I prefer it to happen and it's more assertive.
I'm not afraid there's still another way to earn money from Bitcoin.
I'm not afraid there's still another way to earn money from Bitcoin.
in my opinion, the government of Indonesia does not prohibit bitcoin, it only gives a call for its people to be careful and selective in transactions with bitcoin because the Indonesian government itself has not been able to accommodate or make a special rule about bitcoin legalization, and that only limited investment, become a legal transaction tool in indonesia. I think the future of Indonesian government can follow the development of bitcoin, so it becomes legal, as more and more investors from the Indonesian community who contribute to bitcoin.
Would be nice if OP provided more than those links, which I'm not clicking on.
I'd be tapdancing in the streets if Indonesia did actually ban btc because they're some of the worst shitposters on bitcointalk, as you can see from the replies here. I'm damn sure my prayers wouldn't be answered so easily. Can't North Korea drop a dirty nuke on Indonesia or something? That'd probably work just as well. I can't stand you fucks.
I'd be tapdancing in the streets if Indonesia did actually ban btc because they're some of the worst shitposters on bitcointalk, as you can see from the replies here. I'm damn sure my prayers wouldn't be answered so easily. Can't North Korea drop a dirty nuke on Indonesia or something? That'd probably work just as well. I can't stand you fucks.
although i don't agree with the nuking
i fully agree with the bolded statement. i wish this forum had an ignore setting by country or something.
Currently, as far as I know, five major Indonesian banks are studying to accept the bitcoin trade, suggesting that the Indonesian government has broad policies for the cryptocurrency and bitcoin markets. I think this is the right direction of the Indonesian government, instead of hindering the new trend of the whole world they should learn and have ways to manage and accompany it.
i think its not final decision. i dunno why indonesian financial departement banning bitcoin even they are meet the developer of Ripple yesterday in their office in jakarta. what this it? bitcoin will be ban? and ripple will be acceptable? its so funny
I'm afraid that Indonesian financial departments haven't heard about Ripple and other altcoins yet...
Just don't tell them about other Crypto!
you're underestimating them. of course they have heard about crypto (since years ago), it's all over the mainstream media.
Maybe it can happen, but a lot of people including people on goverment didn't want to bitcoin get ban and if it happened there is a lot of way to withdraw and deposit bitcoin.
We can use many ways, goverment maybe can ban the market vip bitcoin indonesia, but he can't ban the dencentralize and anonymousity of cryptocurrency.
I usually buy btc via creditcard, and i never visit the biggest indonesia cryptocurrency market (vip bitcoin indonesia) its easier, faster, and cheaper, untraceable.
We can use many ways, goverment maybe can ban the market vip bitcoin indonesia, but he can't ban the dencentralize and anonymousity of cryptocurrency.
I usually buy btc via creditcard, and i never visit the biggest indonesia cryptocurrency market (vip bitcoin indonesia) its easier, faster, and cheaper, untraceable.
where do you buy btc via credit card? in places like cex.io? i suspect the rate would suck, plus you have to convert from IDR to USD using the rate from the credit card's bank, which also sucks.
What I know until now there is no ban on bitcoins but can not be used transactions, but there is no prohibition to have bitcoin, hopefully there is no limit until later so we can still work and earn money with bitcoin.
Can't be used in transactions? This means that you can't sell it to your friend in private because you'd be breaking the law. They can see you guys playing with your mobile wallets in a public place and handcuff you, take your phones and put you in a cell. How nice of them. Two people trading electronic tokens can be put in jail with all the murderers and rapists. This country deserves to stay in financial shithole that it is. why so bitter
we're doing well economically, thank you very much. just look at the numbers.
USA banned Alcohol too, that didn't work either. lol
Its not yet a final decision for the indonesian government but its sad on how they deal with it as a negative matter and do not look for its benefits. But i think it will not be easy for the government to ban bitcoin on their country unless they will be also banning the vpn's, so they will secure that no one will using it. I think government will issue a refund of coins if it happens.
who care with Indonesia and how will effect in bitcoin price.
Indonesia will using other ways to get bitcoin
Indonesia will using other ways to get bitcoin
i think its not final decision. i dunno why indonesian financial departement banning bitcoin even they are meet the developer of Ripple yesterday in their office in jakarta. what this it? bitcoin will be ban? and ripple will be acceptable? its so funny
I'm afraid that Indonesian financial departments haven't heard about Ripple and other altcoins yet...
Just don't tell them about other Crypto!
just wait until they know everything about cryptocurrency and other.i think they should make analysis about this statement before they publish press realase.
The Indonesian government is just not willing to take any risks with it's economy. However in many ways it would be an ideal location to have progressive regulation and open itself up to crypto tax revenue
I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..
Yes your right, bitcoins is not really banned in the country but they are only prohibiting on bitcoins transaction. It only means that there are still way for the people to earn cryptocurrency in their country, it will only be hard for you to find an exchanger to withdraw your coins on cash.
"Bank Indonesia warns all parties not to sell, buy or trade virtual currency", is this true in terms of online? because I think that this is only banned by offline way. what if they work and earn a salary using bitcoin? of course they have to exchange it to fiat.
i think its not final decision. i dunno why indonesian financial departement banning bitcoin even they are meet the developer of Ripple yesterday in their office in jakarta. what this it? bitcoin will be ban? and ripple will be acceptable? its so funny
I'm afraid that Indonesian financial departments haven't heard about Ripple and other altcoins yet...
Just don't tell them about other Crypto!
just wait until they know everything about cryptocurrency and other.i think they should make analysis about this statement before they publish press realase.
The Indonesian government is just not willing to take any risks with it's economy. However in many ways it would be an ideal location to have progressive regulation and open itself up to crypto tax revenue
i think its not final decision. i dunno why indonesian financial departement banning bitcoin even they are meet the developer of Ripple yesterday in their office in jakarta. what this it? bitcoin will be ban? and ripple will be acceptable? its so funny
I'm afraid that Indonesian financial departments haven't heard about Ripple and other altcoins yet...
Just don't tell them about other Crypto!
just wait until they know everything about cryptocurrency and other.i think they should make analysis about this statement before they publish press realase.
BI called on merchants not to accept Bitcoin as an official payment instrument as the bank would not be responsible for any losses incurred through transactions. I think, it is for a certain time period, it will open again.
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