Bitcoin Forum

based on the results of a survey from TNS that collaborated with one of the LUNO crypto exchanges, they concluded that 63% of Indonesian people knew the crypto world.

they realize that crypto is a solution to create a better economy. this percentage defeats Malaysia, France, Italy and Romania.

So, Indonesia is in second place after South Africa with a percentage of 70%.

of 63% of the Indonesian population, they have more bitcoin. Their reason is that bitcoin is the safest and most profitable investment product.

I think this survey is a bit true, because Indonesia is indeed an average bitcoin investor invests in bitcoin, but it is only for the middle class and above, the lower classes cannot recognize bitcoin, not to invest, to follow the development of bitcoin is rather difficult, because indeed they have limitations on that.

That is true i heard that indian government not agree for cryptocurrency
But government they their people to careful using bitcoin becuase of the risk
But they didn't not bitcoin treated as egal currency

I am indonesian and i am believe that survey is true. Many people having knowledge about cryptocurrency and many of them investing their money into cryptocurrency market. I think its great but like others country, we can use bitcoin for payment in merchant because againts regulation but we have a local exchanger

Any link though?

63% is huge number but https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Indonesia, says that their Central Bank ssued a regulation banning the use of cryptocurrencies including bitcoin. So I was surprised by the statistics. Anyhow, Asian region is really taking the lead about crypto adoption and I wouldn't be surprised that in 2-5 years crypto will be widely accepted either as cross-border payments or micro payments schemes.

I believe crypto could be making people's life become better, especially in developing countries, bitcoin ever make a huge publicity, the President and the Minister ever mention about crypto, the unemployment rate in Indonesia is quite high and we know how crypto could be the source of income, so crypto are pretty popular in Indonesia

Not banned, im indonesia and you can still do trading with bitcoin or atleast as commodities as far as i know.
But yeah 63% its quite high tho..

I think it's true. The Indonesian archipelago has a population of 265 million. And even technology and information there are growing. No wonder if Indonesian people adopt Bitcoin and cryptocurrencies. Even without the legality of the state, people in Indonesia really understand how to manage the economy for themselves

Seeing the results of the survey, I feel that maybe the percentage will not be that big. Indeed, there are already many who know that is something that cannot be denied. If the question of the most desirable investment products, it is clear that it is very desirable and many feel that it is the safest.

legality is the most populer bitcoin causes many country

I was just surprised by your article that mentions South Africa mark number 1 with 70%. sorry beforehand, because this is indeed the fact that Africa is experiencing a crisis, both economic and their resources. but they actually adopted crypto with precentage number 1 in the world's. we have to believe that, and crypto can really help them in terms of investment and bus help their economy even better.

I think in any reason being a one country that considered a largest crypto adopter is actually not a big deal instead let it considered as a good news for this field because it is prove that the crypto world are now much enhance and better and meet its fully adaptation in a lot of country all over the world. Let us be happy for that because in that way, the more success of cryptosystem in the future will coming soon. more adaptation and legalization will result and credit to this system therefore more people will be much enjoy to the opportunities and benefits that it can give to us as a investors and crypto holders. 

it seems true, that the Indonesian population began to realize the importance of bitcoin in the development of today. Still need to continue to preach this bitcoin platform to all circles, because certain circles still do not understand about this technology.

first of all a survey saying a certain percentage of people "know" about bitcoin doesn't mean they have also adopted it. it just means they know it exists because they have heard about it in the media or something like that.

secondly there is not much difference between 63% and 70% because there is always a big tolerance for mistake in these percentages because of the way they are conducted.

and your last statement saying they own bitcoin is wrong because if that high a percentage of the population of a country owned bitcoin then price should have been a lot higher than this.

It would be better if OP add to post the source link so we can view it by ourselves. Well, I may agree and because as I observe, Indonesians easily adapted current trends like of this cryptocurrency. No doubt, bitcoin has been already populazired by then and continue to develop, more and more people will get engage in crypto community to enhance financial industry.

For now i still don't care bitcoin legal or not in my country. As long government let people to have it, already enough for me. Maybe wait for other countries to legalize bitcoin and then my government will legalize bitcoin too.

Yes, governments that do not acknowledge Bitcoin as a currency, is not banning Bitcoin. Most governments just acknowledge it as a commodity, because they do not want any competition for their own local reserve fiat currency.

Even if they banned it, it will not be stopped, because Bitcoin can still operate in a country where it is banned. China has done everything in their power to make it difficult for people to use Bitcoin and it is still flourishing.  ;D

I feel proud of being an Indonesian who has the second largest percentage of crypto holders even though our country still prohibits crypto as a digital currency, but hopefully the country knows this percentage value and considers the desire of its people to crypto and give them more room to work

It is only natural that Indonesia is the second largest country to adopt crypto because of its large population and Indonesia occupies the fourth position in the largest population. Besides that, Indonesia has the opportunity to be a suitable country to be used as bitcoin marketing.

Kudos to the community of indonesians, I believe the survey because even if we just base in this forum we see a lot of indonesians here and most of them are very active and has good knowledge in the crypto technology.

Indonesia is quite unusual because it has a not of natural resources but the people are not wealthy. Perhaps due to natural disasters, hopefully they will invest in bitcoin for wealth

I am proud to be a citizen of the Indonesian who love Cryptocurrency, yeah right, here we are very enthusiastic
about the development of Crypto which very significant and made Crypto as additional income in our lives.

Without legality from government Indonesia is the largest country have using bitcoin only for investment and trade, Indonesian people still use bitcoin only for long and short term investment for getting profit with bitcoin and cryptocurrency.

I guess its because these few countries like Philippines where crypto transactions are also very popular, made them also accept crypto. Peer pressure I call it. :P

But honestly there wont be much of an impact, because its  not a rich country and not much of an investment (money in) into the market would happen. But you never know times may change and things may flip. Nevertheless increase in adoption and free trading would only bring it to the news and then maybe legal measure might be taken. But its the government -right? They can always be bribed :D

I think the survey can be true . I hope the number of people aware of cryptocurrency will rise to create a free market all over the world , Some countries such as Japan, Indonesia, and south Africa are convenient to exchange 

These reviews are accurate when the Cryptocurrency market is in incognito mode. I mean that China and Japan are the two largest known and used Crypto countries in the world. Do not think anything to make it worse, and the law prohibits Crypto from affecting your use and possession.

Hello,

I was not aware that Indonesian are so interested in crypto. Always heard about japanese and Korean in asia. Very good score that lot of nations need to beat !

Regulations and laws coming into the crypto world is inevitable, and so the Indonesians would know soon that lawlessness regarding bitcoin has its limits. Due to the growing popularity of and demand for bitcoin in the said country, the government would soon know that it can be used to channel illegal funds and launder money, so it has to be closely regulated and guarded at all times. Money is money, and we know that the government's best interest lays where the $$$ is at, so Indonesia, too, would surely resort to regulations should the need for it arise.

Considering the population and the economical state of the country, they are doing a great job by earning from the crypto market. Even though the government has not accepted the crypto currency, they have not banned it altogether. Which in turn has paved a path for the population to know crypto system and invest in it.

      I'm not Indonesian, but I understand why the Indonesians are investing in the crypto market. Being a fairly low standard of living, even short-term profits in the crypto world, for their economy, are pure gold. People have in their blood the desire to earn more and to live a carefree life. Being cheap to work in Indonesia and cheap products, the money coming from cryptomones can enrich most of the Indonesians.

it is absolutely true that Indonesia is still very difficult, the government is willing to accept bitcoin, so most other users of bitcoin and crypto are still illegal, but the Indonesian people want the government to immediately release bitcoin because it is an opportunity to get very good money

The report of the survey is really not surprising based on the population that was sampled. If the population sampled is based on those who have affinity with crypto, I am sure their response would be this. I actually would be interested in specific variables of the exercise. Looking at reports like this, it tend to start attracting attention where it is least needed as authorities tend to begin crack down the moment they cannot come up with regulations that generate revenue and at the same time reduce the criminal activities that crypto is used for.

lol we know how inaccurate those survey as that is only made with couple of people and not the entire volume so lets not rely on the outcome.instead lets look worldwide why the cryptocurrency dont become more popular in other countries while others did.its on the people and government attitude.in some asian countries theres no specific  support from government but they dont also put restrictions at the same time

Is there a survey link about this? even if it is true it is very encouraging. But to my knowledge Indonesia is a very large country and certainly not all people are affordable with internet networks. so the 63% figure is rather excessive.

I hope the government of Indonesia support and consider that bitcoin has given the community of Indonesia an opportunity to earn profit. Governments of different countries that has many investors and users in crypto must be supportive because all we want is to have a better life, and crypto is the key to success for me.

It is wonderful that Indonesia supports cryptocurrencies, and in particular Bitcoin. I heard that the Philippines, too, support bitcoin. Manila often hosts conference blockchain.

Obviously, the survey report is true 63% of the population is connected with cryptocurrency and become the second Largest crypto adopter after South Africa 70% in the world. Indonesia is the largest country and has a huge population they know the importance of cryptocurrency in their daily life and even their economic sector. Though crypto is not legal in Indonesia after that Indonesian people are doing business with crypto that means crypto is very much popular in there to meet their demand and financial solvency.

I think Asian countries are most suitable countries as the number of nufus and economic structure. Therefore, the biggest support comes from that region. China, Korea, Japan, India and Indonesia ... These countries are at a very important point for crypto money.

I prefer to say that only a few percent of Indonesians know crypto money. Of that number only a portion of those who adopted crypto money like bitcoin in the majority and altcoin as optional.

I've asked 50 of my acquaintances in jakarta coz I live here, it turns out that only three people have heard the word bitcoin but don't know what is it for.

I saw Luno ads this year on website and claimed to have had two million customers, meanwhile Indodax, which has long been a crypto exchanger, has less than one and a half million customers.

Other interesting fact is when you go to a big bookstore and ask for bitcoin book in Bahasa, you will find two or three Indonesian author there.

For legality, I agree with other members here that Indonesia never allow cryptomoney as currency. 

Well, if the Indonesian people likes the bitcoin that much then it's really good for them. But talking of legality, if this huge amount of population believes and invest in such a coin, then illegality is merely a mark for them. And other countries might wanna keep an eye on their economy whether it grows or falls with this large kinds but coin investment.

The people of Indonesia understand the vast potential cryptocurrency offers which plays a part on motivating them to invest in it. The percentage of people in their country accurate or not can still be said that it is high in order to rank like this. Just goes to show if a government legalized cryptocurrency or not, if people deem it useful and see the potential anything can happen as we can see now. Hopefully we'll see their government change their views on it too, only with time.

Despite the ban by their Government, Indonesians are really interested in crypto. Crypto has been the source of income for many of their citizens. I hope their Government lifts the ban and take steps to adopt crypt currency.

You're very right, there are so many people in Indonesia who enter the world of crypto specifically Bitcoin, but it's not uncommon for them to enter Crypto without strong reason and sufficient knowledge. they just want something instant and fast.

Crypto isn't better solution for economy, it's a payment way and currency at the same time, has it's pros and cons, it's not revolutionary thing. If you disagree, then write arguments, I'll do the same.
And now, who said bitcoin is illegal anywhere? If you can use it as you wish, if no one sends you in jail for transaction, buy things from amazon, ebay and etc, do everything and pay everything, everyone you wish and still you are free, then how is it illegal? Don't you guys know ehat legal and illegal means? That's insane.

Maybe Indonesian people only know about bitcoin, and they do not yet use bitcoin. Maybe they only have bitcoin without buying something by online or offline. We don't know the truth for this, and we only know based on that survey. We still don't know how much percentage of the people who are using bitcoin. But I don't think that crypto is a solution to create a better economy, but I think it's a solution to create a better financial for every people who want to join in the crypto.

Yes, the Indonesian government seems to want Indonesians to find no losses caused by Cryptocurrency. So the Indonesian government has not legalized Crypto in Indonesia until now. But in my opinion, if Crypto users are already very much in Indonesia, it is better for the Government to legalize bitcoin as the second currency after IDR. Of course the government must also make a law on the use of Bitcoin in the country of Indonesia.

I am sure 63% of Indonesians know crypto, especially bitcoin, but I think only 30% really understand bitcoin and the rest they are only limited to know without learning more, here education will be very important about bitcoin so they don't misstep if they want to invest in bitcoin.

I disagree with that. The percentage is too high, not many people in my country who know about bitcoin, here in my circle only few people who know bitcoin I live in big city in indonesia and people here are only focus to work in company. Government still don't legalize bitcoin yet, but government also don't ban it.

but Indonesia does not have a big effect because of the lack of large investors that nest in Indonesia
the majority of Indonesians use cryptocurrency as a tool to make money, without understanding the uniqueness of blockchain technology
indeed when there was an ICO originating from Indonesia launching, the related project was usually successful, because the support of the cryptocurrency community from Indonesia was so great

yes you are right, actually there are a lot of indonesian people who are compatible with bitcoin if they have the intention and want to give up effort they will surely succeed with bitcoin. in Indonesia the majority are villagers whose economy is lacking and bitcoin can be used even though it is illegal.

Don't say it is illegal, in Indonesia bitcoin have no regulation not means illegal. We still can use it even we can't get law protection when we get scammed or anything related about it.

This is a good percentage for Indonesia and this will increase in the years to come considering their literacy rate at 95%. I just hope that mass adoption has implemented to increase the demand of cryptocurrency as mode of payment not just a commodity.

Indonesia's total population at the end of 2017 is 264 million. 63% means around 166 million. I doubt the results of the survey with two assumptions. First, the crypto currency in Indonesia is still not recognized as a legitimate payment instrument. Second, the average of Indonesian population lives in the village and with a low economic level. I don't think people will invest their money in crypto currency while their lives are still low. Indeed, the number of people who knows and invest in crypto is big but the percentage isn't that huge.

as an Indonesian citizen, I can say that the survey can be said to be true. that the cryptocurrency market here is able to run without any definite legality or regulation from the government. around the beginning of 2018, Indonesian banks (government central banks) briefly issued a statement to ban bitcoin. but over time, that did not happen. the central bank only limits crypto use as an investment in digital assets / trading, crypto is not permitted for transaction tools, and this is indeed not yet possible, because there are no goods companies that accept crypto payments. besides the Indonesian president, In his speech, Mr. Joko Widodo stated that everyone must be ready to accept blockchain technology (which is used by crypto), because this is a future innovation, you can find it on youtube.

but if the data says 63% of Indonesians know the crypto world I think that number is too excessive. even in big cities like the capital city of Jakarta, or in the academic environment of universities, there are still many people who don't know the crypto industry in depth, maybe they simply know what bitcoin is from the news in the media. then what about the village community? without reducing respect, I'm not even sure they know Bitcoin especially crypto as a whole.

If large portion of the Indonesian population are in crypto and other countries while the Asian countries are also coming to the crypto world and bitcoin is useful but those who understand that crypto is important to them they are availing every opportunity of crypto and if Indonesian allow this as legal then 95% of them will use it.

introducing bitcoin and the world of cryptocurrency is important, I think because I am also an Indonesian, of course the most important thing in bitcoin is not just a value, but also introducing them about bitcoin or other crypto currencies through writing or explaining to them directly, I I think there will be many other adopters who grow up there, of course, in that way it will grow faster

I happen to be an Indonesian citizen, bro. and I am very happy to collect crypto, the price is falling sharply. so that I can make a profit even if only a little.

When a high-quality cryptocurrency control apparatus appears, legitimize exchange operations in Indonesia

Indonesia, the fourth most populous country in the world, stands behind the United States, with a strong and vibrant Bitcoin community. The vast majority of Indonesia's population do not use banks, and the Rupiah is one of the most heavily traded Bitcoins in the world.

This is about true because they're one to have the most population country here in ASIA. They also know a lot about technology this days. I am not surprise that most of Indonesian known cryptocurrency as alternative way to earn money/profit. Its's just maybe because same as my country the salary they got was not enough to make a living.

I strongly agree with your opinion which says that crypto users in Indonesia are very much because they realize that crypto is one of the best and most profitable investment places so that many Indonesian people who enter the crypto world just want to reap huge profits.

Indonesia dont have cryptocurrency regulation but having local exchanger and daily transaction big enough. Many people in Indonesia knowing about cryptocurrency or bitcoin and many of them investing their money in crypto because people in Indonesia can deposit and withdrawal with local banks

And this is where they are going wrong. First of all, bitcoin is not the safest option to invest your hard money on. At least if you are thinking of short term investment. The price fluctuation is very high and the price might skyrocket or get dumped without any prior notice. And they are using bitcoin just to make profit. They will cash out and go back to fiat once their profit goal is reached. So this means that they have not adopted it usage, they are just using it as a form of asset storage.

cannot be denied if Indonesia is one of the countries that has the largest percentage of bitcoin usage. now Indonesia only needs legality from the government, I'm sure if Indonesia has these legalities it will certainly continue to be able to make cryptocurrency increasingly large, especially bitcoin.

I agree and I am Indonesian so it is true that you say Indonesia at this time may and is allowed to manage and play Bitcoin as long as you know yourself and do not harm yourself and the country

Indonesia has always been a good state for the development of not entirely legitimate areas of business.

I am glad that there is such a place, because many governments are afraid of losing control over cash flows.

In indonesia crypto is illegal staff? Pundi is indonesian project i think because with legalization how PUNDI play big roll you can see here https://www.youtube.com/watch?v=hBiYfXtWtoA someone paying in restaurant bill via Pundi wallet i just surprised because this is physically working.

wow amazing, it cannot be denied that Indonesia does have an important role in the world of crypto.Other positions are also among the countries with the third largest population in the world, I hope cryptocurence will continue to grow in Indonesia with clear legality

I am happy to know this. A densely populated country and they allow the use of bitcoin. Indonesia is also famous for its modern technology. This is a necessary condition to help people access electronic money. The Indonesian government does not impose any regulation on electronic money, so people are free to trade bitcoin and keep bitcoin for the future. Bitcoin is helping people in this country have a better life.

yes because there are a lot of Indonesians, and many people like bitcoin because of the blockchain system that bitcoin has to facilitate transactions, and they like investment

Despite the prohibition, Indonesian officials have taken a brave stance towards the adoption of cryptocurrencies and blockchain. Last year, Bank Indonesia restrict the corporate and fintech companies to use the cryptocurrencies for transactions without prohibiting the trade of digital tokens itself. The Indonesian regulators are positive toward blockchain technology and unveiled that they have the plan to issue its own cryptocurrency or digital Rupiah based on this technology. You can read here for more information http://www.thejakartapost.com/news/2018/01/29/bank-indonesia-considers-issuing-digital-rupiah.html (http://www.thejakartapost.com/news/2018/01/29/bank-indonesia-considers-issuing-digital-rupiah.html)

Are you sure about the statistics? But it can be true because many people of Indonesia now involved in cryptocurrency and some of them should doing their KYC before converting their crypto into Fiat currency (IDR) in a local crypto market.

nothing is legal about crypto and nothing ever will be, because it is questionable, what legal is supposed to be especially in 50.5/49.5 percent democracies in the west.

indonesia isnt a large country and there are other countries in asia that is more involved in cryptocurrency like for example singapore  , japan , philippines .  indonesia isnt also a wealthy country so think there is only a few crypto users in this country , that is why i dont agree on the title of this topic  .  indonesia isnt the second largest crypto adopter  .


no thats not true ,  converting a crypto to local currency does not required a kyc because a kyc is only for investing on an ico  .  kyc can also be found when creating accounts on other high end platform .

Indonesia and I are Indonesian and I think Indonesia is making progress in this short period of time and yes this is Indonesia, friends are friends and cooperate with Indonesia

Indonesia has a large population so it is not surprising to see this kind of statistics. Bitcoin is really going forward and I believe most countries can learn from the exploits of countries where bitcoin has gained grounds like Indonesia.

267 million more precisely and we are the country with the largest population in Southeast Asia.

http://bappebti.go.id/resources/docs/peraturan/sk_kep_kepala_bappebti/sk_kep_kepala_bappebti_2019_02_01_w9i365pf_id.pdf

And for the issue of cryptocurrency legality in Indonesia, as stated by OP, it is very clear. There are already regulations that are the legal basis for trading cryptocurrency assets as one of the tradable commodities.
The regulation certainly can stimulate the interest of the Indonesian people to accept and develop cryptocurrency, certainty and legal protection and also regulate the provisions on anti-money laundering and the prevention of funding of terrorism. This will certainly make Indonesia a cryptocurrency center in Southeast Asia.

I am aware of that, that the growth of bitcoin in Indonesia is very quickly absorbed by the people, indeed it cannot be denied anymore even every year it continues to increase, not only large companies even in the lower classes have taken part in developing bitcoin in Indonesia, even though they play privately, but as time goes by they are already brig lit developing bitcoin publicly ...

That’s for sure, crypto is a great source of income especially in developing countries. If the unemployment rate in a country is very high, people just start to look for other options how to earn money and become their life better. And crypto market offers many opportunities for that.

if you read it in the media out there, you must provide the original link where you can get 63% of the survey, at least ensure that Indonesia is the second largest krypto user without legality, I am Indonesian and believe that the users you write are 63% too much , I think users are only around 15% of all Indonesians

The survey is somehow true , although government haven't legalized it still people are able to get through this.

I think the governments should take a brief note of this and stop threatening people how they would ban the cryptocurrencies.

The government wants us to invest in their own made currency but that is not always possible.

This is a very good example, I hope other countries follow through.

Indonesia crypto adoption is probably driven by Indodax, one of the longest running exchange since 2013 or earlier; which is arguably one of the largest crypto volume driver globally too

Indonesia truly holds a good number of cryptocurrency users and here even the common people have access to cryptocurrencies. A plantation owner in Indonesia used to pay his employees with bitcoin, as it avoids with the low transaction charge as well it can reach any corner of the world. Here the bitcoin was send to the families of the plantation workers as they were miles away from their native locations.

60%+ is big value, i think they are know about bitcoin but not use or collect it.
we have our exchanger, it mean bitcoin recognized but still illegal if you use for transaction. you can have for trading or digital asset, and its enough for us.
we try to develop our step byself, explain to close friend or family. we still wait about bitcoin's growth for payment, because someday we must have that service

I find it fascinating that Bitcoin is more popular and owned by more people in countries where it is illegal.

I believe that is because Bitcoin does not have borders and governments have no way to trace who owns it.  It is the advantage of all cryptocurrency.

Bitcoin is one form of the New Payment Method (NPM) consisting of virtual currencies that still have not received clear and explicit arrangements used in their use which are often used for follow-up transaction results. The Indonesian government finally legalized the trading of Bitcoin crypto assets and the like. The Ministry of Trade's Commodity Futures Trading Supervisory Agency (Bappebti) finally issued a regulation on the Technical Provisions for the Implementation of the Physical Market of Crypto Assets (Crypto Assets) on the Futures Exchange.
In the Bappebti regulation number 5 of 2019, Bappebti decides that the crypto assets that must be approved must meet certain requirements.
First, based on distributed ledger technology. Second, it consists of crypto utility or Crypto Backed Asset. Third, the market capitalization value is in the top 500 of the market share of crypto assets (coinmarketcap) for crypto utility assets. Fourth, it is included in the world's largest crypto asset exchange transaction. Fifth, crypto assets must also have economic benefits, such as taxation, grow industrial information and competence of experts in the field of informatics. Sixth, the risk of crypto assets has been agreed, including the risk of money laundering and terrorism, as well as the proliferation of weapons of mass destruction.

it might be true, because some of the Indonesian citizens choose bitcoin to invest which is very profitable from all existing investments. they learn with self-taught they try and bet and learn bitcoin for their own success.

Users in Indonesia can't use Bitcoin as a payment method in their own country but they can use it elswhere and online and that can't actually be controlled or stopped. Also, Indonesia is not one of the richest or the most developed countries in the world so people there see their opportunity in Bitcoin, that is also the reason why Indonesia has so much Bitcoin users. Similar is in other developing countries.

the title of your thread dont have any connection to what have you said  . your message says that indonesian people are verry open to crypto but your title says " without legality "  

how the heck they can adopt crypto if its illegal in the first place  ?  did they buy privately/secretly ?  hhmmm....

anyway , i didnt know that indonesia is the second largest crypto adopter because i think russia or u.s  was the second next to china  then followed by other asian countries or maybe the statistics are change and updated now  ?

There is no regulation in Indonesia that prohibits using payment methods with bitcoin or crypto. Even the Indonesian government has not clearly legalized the regulation of Bitcoin. So far, only banks that criticize the use of bitcoin and the government are not responsible for everything that is caused by bitcoin, so Indonesian people are free to use bitcoin as a payment method but they cannot have legal protection and are fully borne by the user.

How reliable they are? I would like to know what percent of the potential crypto users are surveyed so that 63% could be justified as realistic.

in my country, they legalize crypto as digital asset. so you can buy or sell only on exchanger. you can have bitcoin, store than sell when you gain profit. but you can make transaction using bitcoin.
people already apply transaction method but in a small store and it in a area that a lot of tourist. i hope, big store will provide that service to bitcoin member

Indonesia is a crypto powerhouse also. Aside from my country Philippines which is a crypto lover, Indonesia is a cryptocurrency enthusiasts. Many Indonesian people are taking risk in joining bounty campaign like Filipinos. Because of their enthusiasm, they are adapting cryptocurrency at fullest.

I am not sure how you can come up with a conclusion like that with a survey which i am sure will be biased, none of the major countries does not have any crypto regulations till now and there are countries who have bitcoin adoption than South Africa as we speak with countries like Turkey and Brazil just for debate i am writing this down, either way i would like to see all the under developed countries adopting bitcoin and there by the true value of bitcoin will be utilized everyone.

I would not trust a single research even by a legit company
there are so many variables that could lead to wrong extrapolations and the wrong results
how do the polls like this work? they ask a certain percent of the population , trying to represent the certain age groups , regions , professions etc.
they take, for example , 2000 respondents and extrapolate the results by 13000  , roughly ( population of Indonesia is 260 mil )
obviously , the companies cannot afford to question even 100.000 people , not even talking about a million
so the less people they question , the less reliable the results are
as far as I know , in Indonesia it is not about the cryptocurrencies boom , but about the low economical and living standards and low wages
statistically , most of the faucet and bounty campaign users are from  Indonesia , India , Ukraine etc. - people are simply trying to earn an extra buck
doesn't mean they are the grand adopters or know much about blockchain or similar things

Indonesia could've got increased number of cryptocurrency users and it I don't find this to have the second largest in terms of அடி adoption without legality. This year Indonesia has legalized it as a trading commodity which could've bought good number of users into it. This way they have everything to be in a organized structure with regular audit, client support. This is being taken by government to support the people who like to invest into cryptocurrency but quite often gets cheated by scams. This will give protection to those people. This way government has been supporting bitcoin in some way which could've boosted the userbase.

The existence of virtual currency, as well as Bitcoin CS in Indonesia has already got a green light from the Commodity Futures Trading Supervisory Agency (BAPPEBTI). However, Bank Indonesia (BI) and the Financial Services Authority (OJK) still prohibit the use of cryptocurrencies as a means of payment in the homeland. This digital money is also not a financial industry product.

Quite true, I mean a lot of Indonesian have loved cryptocurrency, a country who loves crypto and has made a name for themselves in the crypto world, besides from this post being a year old, Indonesia has grown more when it comes to cryptocurrency, I forgot the link of the article where it showed how much Indonesians love cryptocurrency, I just don't have an idea if the country has either legalized or will legalize cryptocurrency, and if that happens then I think the amount of users in Indonesia would likely to increase much more.

Not reliable as usual  ;)
I believe the survey used purposive sampling, which biased towards Luno's interest.


PS: I'm Indonesian and kindly ignore my fellow shitposters who said it is true.

And yet I prefer to use only trusted sources, and not just those that are in the ranking.  Someone should be seen in that shows good results and only in this way can we talk about its legitimacy.

That is the true sentiment as majority of these users are aware about bitcoin and the campaigns and the users from these poor countries are simply trying to take advantage of the situation to earn a simple bounty and majority of them have no business to understand the basic functioning of blockchain but you cannot neglect the fact that they are still adopting the crypto market to collect all the dust tokens they collected through all these airdrops and campaigns that are available ;D.

@OP I really do not trust any surveys either, so no comments on that.