It just a bad news for all of bitcoin community and user but I think it will again open for Indonesian people .
Yes, it's really bad news for all of bitcoin community. I can't know whether it will come back again but i hope it come back againMost of the countries that have come out against bitcoin are really a joke because they can’t have any effect but Indonesia is different.
Indonesia has the largest economy in Southeast Asia and is one of the new emerging market economies of the world. The country is also a member of G-20 major economies and classified as a newly industrialised country. It is the sixteenth largest economy in the world by nominal GDP and is the seventh largest in terms of PPP.
Here’s the reason they can’t afford to lose control by allowing the widespread use of bitcoin. In the aftermath of the financial and economic crisis that began in mid-1997 the government took custody of a significant portion of private sector assets through acquisition of nonperforming bank loans and corporate assets through the debt restructuring process and the companies in custody were sold for privatization several years later. Since 1999 the economy has recovered and growth has accelerated to over 4–6% in recent years.
