Topic: Indonesian Government Banned Bitcoin - page 2. (Read 2016 times)
How to take it? after china ... bad news starts for bitcoin?
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
I can only imagine how much time you have invested in cryptos and all the knowledge you have attained that can be passed on to others, this really is a blow to the crypto community in indonesia and the crypto world as a whole as this should have been used as a platform for financial litercy. From the article it sounds like digital currencies are extensively used in Indonesian such that the governor says the ban is done to maintain the sovereignty of the rupiah as legal tender https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
but afaik btc is in this equation as a supplementary. 
I think Indonesian government has a reasonable reason why they banned the company and management of bitcoin.
As what I read most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
If a government bans Bitcoin then it might look like they are trying to purchase Bitcoin without anyone openly knowing about it.As what I read most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
As I understand, the government will ban the use of bitcoin as a means of payment. But to make everything clear, let's wait what the rules will look like. Whether we are still allowed to store bitcoin as an asset or not.
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
from what i understood in the article is that they are afraid of bitcoin being used in the wrong way, as bitcoin provides total anonymity to the person usi,g and banks and goverments will not be able to track down the money entering or leaving the country or wether it is legit or not, many countries are having the same prespective but some of them are afraid of it so they ban it, like maroco and indonisia and russia to name a few, and others relized that they are unable to stop it so they embrace it and try to use it for their advantages. https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
This probably happened because it helps aid money laundering
Do not worry, people in Indonesia who have bitcoins in their pocket will surely make a way to continue their bread and butter. Do not panic. If this is true and officially release their will be a crash for days or weeks but this will also good to some investors who will benefit the correction. So do not worry store your BTC. Do not sold them yet.
actually the only prohibited to be used as payment, because the legitimate currency in Indonesia is only rupiah. so, the ownership of bitcoin investment is not prohibited, but the risk of loss etc. is not guaranteed by the government.
In other words trading and speculating is allowed but shops aren't allowed to accept is as a form of payment? That is still very restrictive but I don't think many physical shops in Indonesia were accepting bitcoin as a payment method anyway.
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of
Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly.
Instead of judging over the government of any country or their decisions I would like to accept the fact that Bitcoin has some defects which are harmful for normal citizen. Let's face the fact Bitcoin cannot beat cash till now because the transactions are very slow the fees are high and also people are getting scared frequently. All these points are enough to prove that Bitcoin is still now risky. Now let's talk about their decision as well I am sure government has thought about this decision before making it but it's true that Bitcoin has a lot of potential and is necessary to remove the corruption from any country.
The government always provide what is the best for the both parties and I think Indonesian government has a reasonable reason why they banned the company and management of bitcoin.
As far as I know most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
As far as I know most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
actually the only prohibited to be used as payment, because the legitimate currency in Indonesia is only rupiah. so, the ownership of bitcoin investment is not prohibited, but the risk of loss etc. is not guaranteed by the government.
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
You must to leave this country, I don't know what else you can do. Move to country that accepted or will accept bitcoin in future. https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what happen now? bank central of indonesia will ban bitcoin, Fucking stupid Indonesian government
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications
Why would the government hinder the financial growth of other people, and why do they see bitcoin like a poison in the economy? It helped many people I know and there are more people who will benefit in bitcoin and in cryptos if the government will allow the circulation of cryptocurrencies.
I think Indonesian government has a reasonable reason why they banned the company and management of bitcoin.
As what I read most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
As what I read most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
What a coincidence, more than 10 newbie beggars and all with 14-28 activity, you beggars think we can't see what you are doing? who is the boss of your account farming organization? let us join together, you with account farming organization could merge with my begging organization, we also have a growing community, our job is to post on every scam ICO thread and say good things for more effective scamming, I think you beggars above me are good at your jobs.
To Indonesian government, ban Bitcoin and beggars will start account farming and joining begging communities to earn more Bitcoins, don't ban Bitcoin and have your people to come to you to sell and buy their crypto, charge fees and earn money.
To Indonesian government, ban Bitcoin and beggars will start account farming and joining begging communities to earn more Bitcoins, don't ban Bitcoin and have your people to come to you to sell and buy their crypto, charge fees and earn money.
How are they going to crack down on Blockchain ? It is untraceable. There is really no way to keep anyone from benefiting from Bitcoin. These banks better just get with the times and update so they will not lose even more in the end..
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Cash in? Not hardly. Get a hardware wallet is what they need to be doing.
Just out of curiosity (and maybe ignorance), why a hardware wallet? Is that so you can keep sending/receiving (is a hardware wallet undetectable by ISPs and central authorities?)... as opposed to a paper wallet which might be useful to bury in the ground somewhere and create a treasure map to find it again.
Hardware wallet is to get your coins off the exchange. It makes them safe nobody can ever touch them. And it keeps the exchange honest.
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of
Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly.
The same corrupt country that sends people to jail for a lifetime for using or selling a medicinal flower (Cannabis) However rapists and killers are fine.
Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of
Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly.
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