Topic: Indonesian Ban - page 4. (Read 3515 times)
Indonesia ban bitcoin as a payment method in their country. The head bank Indonesia, Indonesia central bank has threatened action against bitcoin or other CryptoCurrency holder if they use their virtual money as a payment method. In 2014 CNN first reported that central bank of Indonesia published a public notice that warning their citizens who use bitcoin. Bitcoin might be effect their economic, so in the very last week governor of bank of Indonesia at jakata emphasize that Bi doesn't see bitcoin as an official payment tool in Indonesia so their is a risk that payment with bitcoin.
Indonesia’s central bank, has threatened action against bitcoin and say
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
I think this ban is only temporary, sir, I am Indonesian, so I know how the government of my country, they make this ban because they do not want to be responsible in case of obstacles with our bitcoin Quote
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
Rather pity but quite expected. More and more countries are trying to control cryptocurrencies.
Glad to see that this new didn`t influence on BTC price at all.
Glad to see that this new didn`t influence on BTC price at all.
Expected that not all country will be pleased with the use of bitcoin. Others are overwhelmed and welcoming with the usage of bitcoin but not all of it will be good for using bitcoin and including it to their economy. If Indonesia is threatening about bitcoin it's because they can see that bitcoin is a big threat to their business as it is a decentralized currency where the gov't has no control.
Indonesia’s central bank, has threatened action against bitcoin and say
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
Quote
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.
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Rather pity but quite expected. More and more countries are trying to control cryptocurrencies.
Glad to see that this new didn`t influence on BTC price at all.
It's mainly because they only ban the usage of bitcoin in the country as tools of spending or so called currency, Indonesia stated oftenly that they didn't recognize bitcoin as a legal payment method but rather giving their responsibilities to the respective users without law protections, it's fine to keep bitcoin as investment but for spending inside the country, it's prohibited.Glad to see that this new didn`t influence on BTC price at all.
The trading volume in the local exchanges itself still stay stable and not decreasing at all.
Rather pity but quite expected. More and more countries are trying to control cryptocurrencies.
Glad to see that this new didn`t influence on BTC price at all.
Glad to see that this new didn`t influence on BTC price at all.
I don't think it's a big deal. In most of the countries only the fiat of that country is allowed to use when buying and selling goods.
Every country have own decision about bitcoin, they have own reason to ban bitcoin not tobe used on their region, bitcoin can still use on their region but government do not have obligation to protect user bitcoin.
I think Indonesian government is afraid of their economy because bitcoin decreases the use of bitcoin, thus discouraging the banking system. This procedure decreases the amount of tax people pay because when people use bank, the pay bank charges and also tax but bitcoin is helping people to get rid of banks and do all the work of bank free of coast. The government is worried about their economy but is not looking to the facilities that bitcoin is providing to the people. 
That reads to me as there is an inherent risk associated with bitcoin its just a warning not a outright ban on bitcoin.
This is the bad news because it is not good to ban the bitcoin in Indonesia, I am really worried because at the start the china ban the bitcoin and now the Indonesia doing like this but the value and the price of the bitcoin can never get down because of this, the popularity and he value of the bitcoins is now increasing and the government of the Indonesia might be afraid of the paper moneys future.It may work out any way in the long term. I mean the governments that choose to ban Bitcoin may make the situation in their countries even worse simply because they fight the wrong party. They might think that Bitcoin is their ultimate foe while they should actually try to improve the economic situation at home. By banning it, they might also think that they have solved their problems, while in fact they have just postponed them, if at all.
It would affect the economy of the nation in a bad way and obviously the ban would get eradicated in the next few months as the china did.
every country has its own policy, some will regulate and embrace bitcoin and some are not. most advance country are capable and easily understood the importance of bitcoin as cashless system to their citizens, mostly in Europe they are now launching a Bitcoin ATM what i observed that countries with terrorist prone area like Indonesia are fearing to adapt bitcoin because they think that bitcoin will be exploited by the terrorist group and that's my opinion. Central Bank concern as just secondary.
even in Indonesia there is only little issue of terrorism. you can compare with terrorism in France or wherever isis there.BI (central bank of Indonesia) said that they prohibit Indonesia's citizens to use bitcoin as payment for protection.
although 'risky' of bitcoin about illegal transactions is one of the reasons as well
I do not think that that is a bad thing because a lot of Indonesian people on this forum cannot even speak English and they get easy stakes just because they google translate their posts and put it in here or even when they write articles in Indonesian language.
I think maybe bank indonesia is not ready and can not accept btc. But I believe one day btc can be accepted by the bank Indonesia. Why can I say it because I am sure that later that currency will change with electronic money, it is something that will happen sometime
It could be something like that. It could be possible that indonesian people aren't pursuing crypto as their government went into that decision. Anyway, life will goes on and crypto currencies were gaining more supporters to proved its power to dominate over fiat in field of online transaction. Maybe Indonesian government doesn't make feel with this, but believing they will bring back crypto in their backyard.every country has its own policy, some will regulate and embrace bitcoin and some are not. most advance country are capable and easily understood the importance of bitcoin as cashless system to their citizens, mostly in Europe they are now launching a Bitcoin ATM what i observed that countries with terrorist prone area like Indonesia are fearing to adapt bitcoin because they think that bitcoin will be exploited by the terrorist group and that's my opinion. Central Bank concern as just secondary.
even in Indonesia there is only little issue of terrorism. you can compare with terrorism in France or wherever isis there.BI (central bank of Indonesia) said that they prohibit Indonesia's citizens to use bitcoin as payment for protection.
although 'risky' of bitcoin about illegal transactions is one of the reasons as well
Well if the government is factoring the interest of his citizenry into this decision i think its best because many of these illegal guys are using our precious currency for many bad stuffs that we are not proud of and i think the Indonesian government thought through all the ramifications before effecting this ban.
every country has its own policy, some will regulate and embrace bitcoin and some are not. most advance country are capable and easily understood the importance of bitcoin as cashless system to their citizens, mostly in Europe they are now launching a Bitcoin ATM what i observed that countries with terrorist prone area like Indonesia are fearing to adapt bitcoin because they think that bitcoin will be exploited by the terrorist group and that's my opinion. Central Bank concern as just secondary.
even in Indonesia there is only little issue of terrorism. you can compare with terrorism in France or wherever isis there.BI (central bank of Indonesia) said that they prohibit Indonesia's citizens to use bitcoin as payment for protection.
although 'risky' of bitcoin about illegal transactions is one of the reasons as well
Because the government there are very corrupt they know that bitcoin will be popular. and no matter what happen it will keep on pumping weither you like it or not. soon their government will realize bitcoin has something to do to their economy..
Indonesia’s central bank, has threatened action against bitcoin and say
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
Quote
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.
Indonesia’s central bank, has threatened action against bitcoin and say
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
Quote
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.
the decision of Bank Indonesia is very disappointing for bitcoin users in Indonesia.
should the bank Indonesia provide the best solution about bitcoin because bitcoin has helped many people in Indonesia earn income in the economy is still low in Indonesia
should the bank Indonesia provide the best solution about bitcoin because bitcoin has helped many people in Indonesia earn income in the economy is still low in Indonesia
Indonesia’s central bank, has threatened action against bitcoin and say
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
Quote
I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.
Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/
I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.
Why does every country have different approach toward cryptocurrency??,, central banks officials has no common goals toward bitcoin because some show support and others is not.. There just showing that there is no proper connection with those banks or they’re just trying to tell us they’re not but in reality they’re just playing games with us.. It’s hard to tell and hope this insane propaganda against bitcoin will soon stop..
As to me, there is so much of hidden agenda and open propaganda because governments can't fight Bitcoin in the open. It is obvious that many governments like that of Indonesia, Venezuela, or even Russia can't embrace Bitcoin but they can't fight it openly either. They would look like black sheep in the eyes of the rest of the world, especially those countries which many refer to as developed countries and where Bitcoin feels quite at home.
There will certainly be some reasons behind this news but there is no need to worry about anything due to such kind of news.
Yeah, i'm Indonesian and I don't even heard that news in my country here. Fyi, bitcoin is not popular here. Only some people know about bitcoin and Indonesian is not ban bitcoin. People here still can use bitcoin freely and no need to afraid to use bitcoin in our country.
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