Topic: Indonesia’s Central Bank is Planning to Ban Bitcoin in 2018 - page 4. (Read 1526 times)
Many governments dont like bitcoin because it poses a percieved threat to their power. They might try to ban it but doing so might not have the desired effect. It is pretty difficult to isolate bitcoin traffic on the internet and stop that, while leaving other traffic through.
Even if they ban it I am sure people would figure a way to invest in it and earn money from it. Furthermore if they ban it and if a neighbor country adopts it they would have no choice but to adopt it.
This goes for the bad news for Indonesia. I wonder how many are panic selling their Bitcoins right now in Indonesia. This is one of the things I've expected the government will do if they started to put an attention to cryptocurrencies. They can either ban it or put tax into it. If they will really plan on doing it, then it isn't really the end. It will encourage a lot more users to use VPN to continue their use of cryptocurrencies.
It would probably be a good hit to the Indonesia community in here, so i wouldn't be surprised if they really ban bitcoin in a near future, but yes, the banks really need to stop spreading fud about it.
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He went on to detail additional restrictive measures by the bank, stating:
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
detail here https://www.cryptocoinsnews.com/indonesia-planning-ban-bitcoin-2018-report/
what do you think about this ?
i think my country not ready to growing with this blockchain era.
Quote
He went on to detail additional restrictive measures by the bank, stating:
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
detail here https://www.cryptocoinsnews.com/indonesia-planning-ban-bitcoin-2018-report/
what do you think about this ?
i think my country not ready to growing with this blockchain era.
I strongly agree with your statement, this is a problem for the people of Indonesia who use Bitcoin. I'm sure many people will panic with this news.
I want to respond to this casually.
Really that Indonesia ban bitcoin in 2018? Blockchain is one superior technology right? Be patient and respect all of law guys 
we hope all is fine
we hope all is fine
I don't think Indonesia will really go over it because I believe what bitcoin is heading now will continue to succeed and I'm confident that it will recieve support from many countries soon enough after seeing how it can make a difference in the economy and lives of many individuals. Maybe some countries were afraid or confused with regards to digital market but I'm sure this issue will soon be settled
Its not a good news for indonesians. Right now they can only sell their bitcoin if they have any because its a waste for you if government will ban it. There is another option for you, you can transfer your bitcoin to your friend which is in another country.
I'm indonesian and I'm following to this news a few months ago... From what I have read from various sources so far is "Indonesia’s Central Bank" just ban bitcoin for transactions... and not recommend people to have it because of high risk of the prices and they don't responsible for the resulting of loss.
I guess this whole blockchain technology brings a lot of threat to banks and the government because of it being decentralized and anonymous. I understand their stand of protecting their market and investors. But I think that technological advancement and creating regulations could go a long way as well. This said, where the balance between security versus advancement arises, I'm sure there are other ways where we can make both ends meet.
Nothing will happen to bitcoin because bitcoin don’t care about any ban in past bitcoin already faced ban from china and every one knows how bitcoin fight against them bitcoin is now very strong and stable because there is a very support to bitcoin by some rich countries and bitcoin know to make itself stable with high price in market so Indonesian will be most welcome for ban because we will support bitcoin forever and I wish that bitcoin will become more strong than ever. Quote
He went on to detail additional restrictive measures by the bank, stating:
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
detail here https://www.cryptocoinsnews.com/indonesia-planning-ban-bitcoin-2018-report/
what do you think about this ?
i think my country not ready to growing with this blockchain era.
Its not a good news for indonesians. Right now they can only sell their bitcoin if they have any because its a waste for you if government will ban it. There is another option for you, you can transfer your bitcoin to your friend which is in another country.
im indonesian, right now im in indonesian and hear about the issues, after i do some research i can get some point, the great point is as i know that bitcoin is banned to be the currencies for payment, to buy or sell something, and as i know that bitcoin can used for trading
Quote
He went on to detail additional restrictive measures by the bank, stating:
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
We [will] also prevent arbitrage opportunities, unhealthy business practices and business controls by parties outside the legal reach of Indonesia’s laws that could damage the structure of industries here.
detail here https://www.cryptocoinsnews.com/indonesia-planning-ban-bitcoin-2018-report/
what do you think about this ?
i think my country not ready to growing with this blockchain era.
How could anyone ban Bitcoin anyway. At least how can they stop a person from using it. They can't. It would just hurt that people can't make transactions with it, or easily convert it into fiat.
I guess this whole blockchain technology brings a lot of threat to banks and the government because of it being decentralized and anonymous. I understand their stand of protecting their market and investors. But I think that technological advancement and creating regulations could go a long way as well. This said, where the balance between security versus advancement arises, I'm sure there are other ways where we can make both ends meet.
Indonesians should not let this happen. You guys should sign a petition regarding this issue. Bitcoin somehow helps to decrease unemployment rate not just in your country but also in neighboring nations. I'm sure the Indonesian government will do something and they will hear your voices. Hopefully they will lift and stop the banning to your country.
This is not true ..
Because the new Indonesian government inaugurated bitcoin some time ago, I see clearly social media from bitcoin to Indonesia officially open, if you are born from the country of Indonesia and ask such questions, then you do not want to see progress in your country.
There is no central bank word for Indonesia to remove bitcoin in 2018.
Because the Indonesian government has just inaugurated bitcoin in Indonesia.
Bitcoin is a fiat currency for future success, which can change the economy from a weak financial state.
Because the new Indonesian government inaugurated bitcoin some time ago, I see clearly social media from bitcoin to Indonesia officially open, if you are born from the country of Indonesia and ask such questions, then you do not want to see progress in your country.
There is no central bank word for Indonesia to remove bitcoin in 2018.
Because the Indonesian government has just inaugurated bitcoin in Indonesia.
Bitcoin is a fiat currency for future success, which can change the economy from a weak financial state.
there are plenty of rumour regarding bitcoin and government in indonesia but most of indonesian people still can use bitcoin until today because own bitcoin not against the law and currently they only prohibit bitcoin to use to physical stores and daily transactions because indonesia government said they only consider bitcoin as digital asset but not as the currencies which is can use on everywhere
Nothing will happen to bitcoin is Indonesian bank ban bitcoin because before Indonesian china also ban bitcoin and know we can see that where is bitcoin don’t care about any ban as a replace of Indonesia and china some other countries have already make bitcoin legal and recently Indian bank also accept bitcoin which is a very good thing for bitcoin and some more banks are also going to accept bitcoin because bitcoin is the only currency which can help to any country. 
Looks like Indonesia wants to buy more Bitcoin...
Naturally, if you think so, it may be due to circulate similar news that one of the countries will leave bitcoin but in fact the country is even buy up bitcoin out. I think Indonesia will not do the same thing, Indonesia bans bitcoin if bitcoin is used as a medium of exchange because in Indonesia the only legitimate means of exchange is rupiah, if bitcoin is used as a medium of exchange the value of rupiah will decrease. Jump to: