Topic: Indonesian Government Banned Bitcoin - page 6. (Read 2016 times)
Indonesian government seems to be very strict in my opinion, I remember news release about one guy from Australia brought some weeds to indonesian airport, authorities wanted to jail him for about 20 years. But what is punishment to use or mine bitcoin for now? How cruel is it?
Maybe they think that bitcoin may used in illegal activities like financing the terrorist, money laundering, and many more. I hope that this will not happen in my country though they already used an "open minded" approach with bitcoins and other cryptocurrency.
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
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This is a bad news for Indonesian who benefited from bitcoin as one of their source of income. Their government must also see the aspect how bitcoin reduces unemployment on their country. I hope their government will soon realize the importance of bitcoin on their community and the hope it brings.
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
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This is a bad news for Indonesian who benefited from bitcoin as one of their source of income. Their government must also see the aspect how bitcoin reduces unemployment on their country. I hope their government will soon realize the importance of bitcoin on their community and the hope it brings.
Indonesian government shooting themselves in the foot, think they do not even know how profitable venturing on bitcoin can be, or maybe they do and just fear it'll cripple the fiat based transactions that net their tax income revenue.
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
I still find the people from Indonesia accepts the bitcoin selling in localbitcoins bro. Wait for authentic release to find in your news paper these kind of rumour will not be legit some time.
So if you have any bitcoins now you please sell it out as soon possible and convert it as cash. If you find the people using bitcoin your country check all those you will get more information. Then still converting bitcoin to cash to not at all problem here.
If Indonesia bans Bitcoin in their country then it's really a bad news for the Indonesian bitcoin holder, but it doesn't hamper on this platform directly. it may appear indirectly to discourage buy Bitcoin. But still a good news for the people of Indonesia that Government hasn't banned yet. so no worry.
this news is not necessarily true, what I hear is the government only prohibits the transaction using bitcoin, not prohibit the use of bitcoin.
as long they still not force to close the local exchanger, i think nothing to worry about it. even we can't adopt it as payment but at least trading activity still allowed in Indonesia, it is already good
There is a chance that they will force Bitcoin exchange to close. This time is different, they clearly mentioned that no financial firms should process Bitcoin-related payments, including banks. Now if banks aren't allowed to process Bitcoin related transaction, how will the exchange received and send IDR to user?
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
Again and again, a news about indonesian banned bitcoin. You know what ? I'm also indonesian and this news is not that big here in indonesia, even mainstream media here don't show a news about bitcoin, you are the one who stupid here. It's just a normal news and bitcoin still can be used here.
Don't be ignorant. Read the news, it's all over the places
http://ekonomi.kompas.com/read/2017/11/29/180600526/bi-larang-fintech-dan-e-commerce-gunakan-bitcoin
https://id.techinasia.com/bank-indonesia-tegaskan-larangan-bitcoin/amp/
It doesn't matter - Indonesians will still buy, hold and sell.
It does matter a lot. How could we buy and sell if the banks and all payment system service providers aren't allowed to process Bitcoin-related IDR transaction? We will be forced to sell and buy Bitcoin over-the-counter (off exchange). That's a huge drawback considering our biggest market currently has a daily trading volume as high as $15 million
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It doesn't matter - Indonesians will still buy, hold and sell.
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
But why ? There are many people using bitcoin in your country, why they should banned it ? It seems that they don't want anymore to get involve in this type of economy? I realy don't see the cause why they want to banned it. I think, they now see the increasing value of bitcoin after how many years. If this bitcoin will just cause their economy to have an wealthy country then they should not ban this kind of currency.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
If this is fake, maybe the one who spread that news is one of the bitcoin investor, he/she wants to lower the price and spread fud.
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
Again and again, a news about indonesian banned bitcoin. You know what ? I'm also indonesian and this news is not that big here in indonesia, even mainstream media here don't show a news about bitcoin, you are the one who stupid here. It's just a normal news and bitcoin still can be used here.
This is a bad news, and sometimes I dont understand how the government see the problem, bitcoin has helped so many unemployment and increase the citizen standard of living, but somehow they only see bitcoin as the token that help criminal, bitcoin maybe can become the future currency, if the government banned it, the country will be left behind
as long they still not force to close the local exchanger, i think nothing to worry about it. even we can't adopt it as payment but at least trading activity still allowed in Indonesia, it is already good
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
That's nothing. The Government will eventually get the coin to be unbanned when they see the price gets to a range that makes the people seem like they can't purchase any coins.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
my attitude toward the government is to close my eyes and close my ears. I do not want to care about the Indonesian government, and in my opinion the forbidden is more specific to the transaction, not the mining. and if at any time Indonesia be firm to miners bitcoin, I will act.
is it true what you say? Indonesian government bans bitcoin? but according to the news I heard the Indonesian government only prohibits citizens of Indonesia to conduct any sale and purchase transactions using bitcoin, because they have the official currency of the rupiah, so instead of banning bitcoin into Indonesia, only prohibit the sale and purchase transaction with bitcoin it.
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
And here follows another useless fifth world government that doesn't know anything about ruling a country or economy but just decided to ban one of the few things that the indonesian people use to earn.
I'm not from that region of the world, but I can clearly feel and sense the frustration of the Indonesian people. In fact, I'm sure a lot of them have invested in btc with all they own because there's literally nothing else they can with their lives.
A lot of them work online with whatever abilities and skills they've got and get paid in btc because that's almost the only possible way to get money to their country.
I cannot understand what their government is afraid of ? As if btc will bring destabilization to their economy or something
It's already so messed up. A single USD is equivalent to 13500 Indonesian currency. If btc does anything, it's bringing money into their citizens' hands which they spend in the country which means more money in the economical system.
I'm not sure if it's just rumors or actually applied, but governments shouldn't ban something they have no idea about just like that.
Already seen. They don't fully understand it, they cannot control it so what do they do? They try to ban it. Somehow i get the feeling that the main problem here is the fact that the unbanked population could get the way to perform the transactions and it seems that someone might not really like this.
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
I hope other countries not follow the Indonesia
Some countries are banning Bitcoin and Cryptocurrencies for one reason, they don't want their sovereign money to invest into a bubble item that is the volatility is high.
Imagine, the people will loose $10,000 in a blink just to own a single coin that is intangible.
They're not after with Crypto-Currency as the future of economy and trade, they just doesn't want to let their people loose their money and let western and European countries dissolve their money in the thin air.
Imagine, the people will loose $10,000 in a blink just to own a single coin that is intangible.
They're not after with Crypto-Currency as the future of economy and trade, they just doesn't want to let their people loose their money and let western and European countries dissolve their money in the thin air.
I think the Indonesian government is not banned of bitcoin, the Indonesian government only prohibits transactions using bitcoin because the risks posed are very large. and now the government has started studying bitcoin even though it is still an issue.
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