Still too early to tell. I don't know if you were around in the 1990s and 2000s when the government (as well as that in Malaysia) announced similar bans (at first for e-gold but then extending to several other digital currencies like Liberty Reserves (or was it Liberty Dollars now?). The bans simply prevented companies from using or accepting those currencies, or its citizens from selling them to receive payouts at local banks. In reality, people simply deregistered businesses that were related to those currencies, stopped marking payments as cashouts, and continued OTC and P2P trading. Most exchangers until today work on IM and forums anyway. Bitcoin is the exception with companies like Luno and bitcoin.co.id. They've continued trading as far as I can see, so no need to panic.
I believe this current bout of anti-digital money will be very similar, if at all enforced.
Topic: VIP Bitcoin / bitcoin.co.id will close? (Read 223 times)
if you from indonesian is good you can post in local section
you can get much reponse if you post in indonesian local section
because iam never hear about bitcoin.co.id , i think only local exchanger,
you can get much reponse if you post in indonesian local section
because iam never hear about bitcoin.co.id , i think only local exchanger,
After the news spread in the country of Indonesia that the Indonesian government does not recognize Bitcoin and urge people not to use Bitcoin. this affects the panic of the VIP client that keeps a lot of Bitcoin in there. This morning I saw several hundred BTC queuing in a sell order. this shows that they are panicking.
Do you think mainly Indonesian citizens if VIP closes will you guys keep using Bitcoin?
Do you think mainly Indonesian citizens if VIP closes will you guys keep using Bitcoin?
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