Bitcoin Forum

http://www.bi.go.id/id/ruang-media/siaran-pers/Pages/sp_200418.aspx     :D


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I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..

Sooner or later, they will rethink their attitude towards bitcoin. Together with the adoption of the cryptocurrency by other states, everything will change exactly and they will have no choice.

I don't think this move will last. They can not totally ban bitcoin in Indonesia. the much that will happen is that the will clamp down on physical bitcoin offices. They cannot totally and successfully stop bitcoin use in Indonesia.

how can you collect if you cannot buy? :)

it's the bad news for all of bitcoin community but I think it will agair open for all Indonesian. In near future bitcoin will go to the moon.

Governments control you, you do not control governments. They do not have a choice? they do have a choice. South Korean will be next probably, eventually other countries will come along and ban bitcoin. It's really not that important, bitcoin kinda sucks to be honest guys. Wake up.

It is a pity to hear about this news. Its neighborhood countries such as Singapore, Hongkong and Malaysia are accepting Bitcoin well. Perhaps if Indonesian really want to buy Bitcoin to hold, they have to buy using cash at this moment.

I had the same thoughts, I think the ban should get cleared shortly in the upcoming days.

yes, Indonesia forbids bitcoin, but more specifically prohibits bitcoin used as a transaction tool.
the Indonesian government has no regulation and rules about bitcoin. there are only a few statements from BI that bitcoin can not be used as a transaction tool. so it still opens opportunities for mining.

Great! Does that mean that all the Indonesian spammers that are flooding Bitcointalk will disappear? I hope they make it illegal to own Bitcoin in Indonesia because we'll lose half of the illiterate google translators. This is going to be the day!
I think poor countries like Indonesia are afraid that their economical situation will worsen when people stop using fiat money. They don't understand that Bitcoin can coexist with fiat.

What I know until now there is no ban on bitcoins but can not be used transactions, but there is no prohibition to have bitcoin, hopefully there is no limit until later so we can still work and earn money with bitcoin.

anyone know why they did this move? what do they achieve from this?

Can't be used in transactions? This means that you can't sell it to your friend in private because you'd be breaking the law. They can see you guys playing with your mobile wallets in a public place and handcuff you, take your phones and put you in a cell. How nice of them. Two people trading electronic tokens can be put in jail with all the murderers and rapists. This country deserves to stay in financial shithole that it is.

Yes i agree they are Prohibiting transactions. Government knows what behind bitcoin and they know that blockchain is very powerful and it can be use by any central banks, assets in the world. Will just keep you updated about their government. thanks for sharing anyway

Thank you, if you wouldn't posted this i was never going to know that! Thank you so much! You are my hero!!11

Came on, another three people answered exactly the same and you are just repeating it in simple one-line post? I have already reported your post, the amount of crap in this board is INSANE.

Anyway, maybe there should be some kind of regulation in Indonesia, that is the country that most bitcoin is trading at the moment, and maybe because of this forum.. and you know what i mean..

in my opinion it will not happen, because it is difficult to control bitcoin.indonesia open blocking bitcoin but only prohibit bitcoin as a legitimate transaction

These countries are showing their true colors; the ones that hate freedom will ban bitcoin and the ones that are less afraid will wait and see.

It just a bad news for all of bitcoin community and user but I think it will again open for Indonesian people .

I as an Indonesian citizen is very disappointed with the government
why they forbid us to trade and even trade crypto currency
But Menkoinfo has not issued an official decision, it is just a claim from the Indonesian bank only
I hope bitcoin remains in acceptance in Indonesia otherwise, many will lose their livelihood,

I think that it is temporary correspondence. I hope the exchange will be released in good shape.

oh my country.... maybe they do not thinking about positif effect about bitcoin to the public.
can the goverment make a jobs for bitcoin player if they bans altcoin with earnings like bitcoin etc. ? I NO THINK SO

To be honest, I'm very concerned

this is bad for bitcoin users in indonesia, if it happens it will force them to stop interacting also invest with bitcoin
but is not that just a claim from some parties and has not been issued official decisions from the government, I hope bitcoin will still be accepted, even around the world

if indonesia bán bitcoin. indonesia like vietnam. vietnam bans bitcoin tô.

Very in pity if this news really happened. the government in control, if they forbid Bitcoin in the country then the people must also obey the rules. I hope the government can reexamine the rule so that no other country follows in its footsteps banning Bitcoin.

Lol of course the government will think foolishly against bitcoin users. they will not think where you will work after this. I think the government sees in terms of losses incurred alone. they do not see from the user side. profits to be gained and employment opportunities for its citizens. government not looking at it sounds too authoritarian. Btw which I fear the worst is close the local exchange that is bitcoin.co.id..

Government banning bitcoin or crypto is always a sad news for people who understand the capabilities of cryptocurrency. It also limits its citizen to have an extra income.

I think in the long run government that have ban bitcoin will soon realize the potential on how it can help their economy and intestead of a ban they will just put some regulations about it.

It may be bitcoin will affect the economic reasons for it.

hello Indonesian here,
the purpose of the article, or the intent submitted by the banks of Indonesia is the prohibition of transactions using bitcoin, so bitcoin is not yet valid for use as a means of payment, but there is no prohibition to invest

yes .... bitcoin.co.id is the key... or maybe all of exchange is the key... ?
i am very confused about the government, want to be a developing country but afraid of new technology

But, like or not ..... this is my country.

Well this is a common thing misleading title to mislead the people, because they know that there are many lazy people to read the whole article.

Also I do not think that Indonesia will have a big effect on the market, no offense. We have seen a big invested country like China was not able to crash  Bitcoin, yes we experience a price decline but well you know what happened Bitcoin and altcoins was able to recover big time.

maybe it's just to worry the Indonesian government alone who began to feel the deposits in the bank began less enthusiasts and investors prefer investing in bitcoin promising with his profits are bigger than deposits in banks with little interest him. I think this is just maneuvering from people a government that ends its taxes to bitcoin owners in Indonesia. We'll see what it looks like, because this news is also impressed funny. Where did the media yesterday when bitcoin is still worth 1000 $. When bitcoin is expensive this news in every day breathe ... strange right?

i read this news too many times before. this is third time i read about Indonesia bans.

Central bank only give red alarm against bitcoin.

Well,  I think in my opinion Indonesia doesn't ban bitcoin actually,  but consider bitcoin as an unvalid currencys which is different meaning tho. Currently btc itself is still used in Indonesia, even already a lot of the bitcoiners who transact in Indonesia. I hope all of this kinda issues are hoax.

no they don't , they just warned indonesian people to not invest in bitcoin because it's very risky. this is just another fud to make price drop

From all the answers that I read (mostly from Indonesians I believed), they are not banning bitcoin, but just give a fair warning about using bitcoin as mode of payment because its irreversible. So somewhat this creates panic among Indonesian investors. However, it bitcoin will be totally ban in their, the only choice you guys is to do it underground. But it has risk and the choice is yours. I do hope that your government will not implement a full ban and re consider the positive effects it can do to you as individual and to your economy in general.

Actually The Goverments Are Not Banning Them
They Just Ban Bitcoin For Transaction In Indonesia
They Not (yet) Prohibited Bitcoin
So Bitcoin Are Still Accepted By Goverments (As Commodities Not Money)

I think it's a regulation to warn that bitcoin in indonesia is much interested. although there are statements in Indonesia about bitcoin ban, but I think the Indonesian government forbids bitcoin because transactions using bitcoin are very high risk. the government does not prohibit the search for bitcoins but only prohibits using bitcoin for transactions directly and diverts using the country's money

Governments should regulate but nt ban see japan how they made legal tender

Hmmm this isn't  good. Can cross flip flops off of my list of direct btc purchases now.

They have to rethink about Bitcoin and Crypto Currencies as a lot of people involved in making money from Bitcoin. Banning will surely make their livelihood disappointment.
It is not good decision for them banning is not the solution to make something in country.

the Indonesian government must have a good reasons why banned bitcoin in the country, but to slightly help the economy of its people, bitcoin may be one option.  ??? :-\

“We will ban financial technology, e-commerce, and payment system services company that use and process virtual currency," Agus Martowardojo, the director of Bank Indonesia, told the industry news site Tech in Asia.

While the government may have imposed a ban on bitcoin, you can be sure they will find a way to enter and participate in bitcoin and cryptocurrency in general.
The government (including high government officials) will not be daft to just see the opportunity of making big money pass them by.
This will by no means diminish the status and focus of the crypto world.
Best wishes Indonesia. 

I hope also like that, hopefully in Indonesia there is no prohibition to invest in bitcoin, although currently in Indonesia can not legalize bitcoin but I hope there will be no prohibition for investment in bitcoin, there may be a separate reason why in Indonesia can not legalize bitcoin .

It's just a warning, similar to what was claimed in South Korea.
https://www.bloomberg.com/news/articles/2018-01-13/indonesia-warns-against-owning-selling-trading-cryptocurrency

yes maybe people think about Bitcoin affect the economy of a country or affect the currency of a country.

yep
transaction using bitcoin is prohibit, but earning and having bitcoin is no matter.
you know, ordinary people will use their ability to kill much regulation that created by government. so no matter what they say we always stand

Yup, thats correct. The government will not seized your precious cryptos, just keep it but you cannot encash it. I guess this is temporary, but if you want to encash your bitcoin. You can trade it with paypal in this forum.

Bank Indonesia will prohibit payment transactions using bitcoin by 2018. This bitcoin prohibition will be regulated in a Bank Indonesia or PBI regulation that is planned to be issued in the near future.

I do not know what the government of Indonesia to ban bitcoin.
to my knowledge it is unlikely someone has bitcoin but do not know the risks he has taken after have bitcoin.
because of the lack of knowledge of the Indonesian government so they forbid it.
I think this is too selfish.

the government is not detail to explain which one is prohibited. thus making residents rowdy. and some of them are scared and sell their bitcoin.
making the bitcoin weaker and will strengthen even bounce back

Don't worry anout this, because it's so impossible for government can ban bitcoin. Till now, what anyone know from where bitcoin can give you more profits? Indonesian government just want citizens who have bitcoin pay their taxes. Because as long as bitcoin exists, no one pay taxes for government. Pay tax is a indonesian government program.

Right now i think they have not banned legally but they're taking some necessary steps against the bitcoin transactions which are going on in their country so that it may not affect their country central bank currency and economy. We have already seen many countries Like Nepal, China, North Korea taking steps like these just to provide the safety measurements for their country citizens and for their country's economy. I hope this thing will slowly go down once they and top-tier countries start accepting the cryptocurrency project with some good rules & regulations. I am expecting Japan, Russia, and the USA to start using crypto projects soon.

Hii everyone I am new on bitcoin talk

Recently south Korea also banned the one of the biggest Korean exchange which contains 5% of the total bitcoins circulating around the world. We saw a dip in prices but it was not for long and price again begin to increase. The point to note here is that bitcoin is becoming a major digital currency and banning one country or one exchange wont have much impact on the total usage all around the world.

For government it's almost impossible to track Crypto owners nowadays.
All they can is to track huge amounts of power consumption and confiscate mining hardware.

I as Indonesian people strongly disagree with the discourse of bitcoin ban by the government, because the government of Indonesia can not provide clear and logical reason about ban bitcoin. I can not believe the government in my country, why banned bitcoin, whereas bitcoin can make some people live.

whatever is in the mind of the Indonesian government, to want to ban the trade of cryptocurrency. but with the existence of this cryptocurrency, Indonesian society no longer live hard and no longer starve.

If that is the case how come the US authorities were able to arrest Alexander Vinnik for the theft of the bitcoins from Mt Gox in the first place. Bitcoin isn't as anonymous as we were previously taught to believe and i think it was one of the reason why bitmixer stopped their services.

These small countries have no effect on the price of bitcoin, and the real impact on bitcoin prices remains in the United States, Japan, South Korea, and China.

It is to sad that so many countries prohibit bitcoin. They are losing a lot of good people, who will leave the county

This forum has been full of those articles pretending things far less severe than what those poorly translated articles try to say, that in some cases have been altered to cause panic amongst people. As far as I can remember, Indonesia (according to the sheer number of rubbish articles) has been planning to come up with a ban or more aggressive restrictions since the early days of last year. On top of that we have Russia saying one thing, where the other day they have changed their stance on crypto entirely, so there is basically nothing that grants people here factual information. Everything we see pop up is just vague information that more often than not turns out to be incorrect (i.e fud).

Maybe it can happen, but a lot of people including people on goverment didn't want to bitcoin get ban and if it happened there is a lot of way to withdraw and deposit bitcoin.
We can use many ways, goverment maybe can ban the market vip bitcoin indonesia, but he can't ban the dencentralize and anonymousity of cryptocurrency.
I usually buy btc via creditcard, and i never visit the biggest indonesia cryptocurrency market (vip bitcoin indonesia) its easier, faster, and cheaper, untraceable.

Oh, the FUD.

Law and regulations have to be gazeted in Indonesia and that hasn't happened yet. So sure they want to prohibit bitcoin to some extent at the federal level but that means very little when it comes down to it. All enforcement etc is supposed to be at a local level there and this is not something they can realistically handle.

One thing (price/time) is to track a criminal with the help of intelligence and special services and absolutely another one is to list all Crypto holders among country citizens! As I mentioned, today such efforts are not affordable for any government, at least for the next 5-10 years.

Is it critical for bitcoin now ? and the 5% of bitcoin is there, does it really dont affect the circulation ? i guess south korea misunderstood the blockchain technology and trading. Im wondering what will happen to the coins inside that exchange ? doea the korean government have a plan on it ?

Then its just the same with that what do you think? Cause youvare beibg deprived in havining connection with this platform as well as having profit as well as the collection is prohibited then how you can still be profitable aside from going abroad? Of course theres no possible wayvtgat you can do it or else youll be inside the bars.

Those countries will lose out themselves as they are staying away from crypto.
Until they see a ban is useless, and they will join the party late, but they will only have themselves to blame.

what i see in thet articel is indonesian doesn't ban bitcoin the "Bank Indonesia" institution just warned indonesian people to not use it as payment. and they also warned to not trade buy or sell bitcoin, because can be use to do illegal thing like money loundry and corruption. they jast warned not banned.

This is not good news for the bitcoin community, where the Indonesian government will later regret what they are doing, missing a chance to participate in a future currency revolution.

this will be more interesting, if there are representatives from the MENKOMINFO and KEMENKEU to joint in this thread, we can discuss openly... if anyone has a link to communicate with them (government representatives), please tell to them about this thread and invite representatives of them to get involved, I like this thread...

Right, and there is a certain sense in such warning.
Most of people still has no idea how to buy/sell Crypto, what are Crypto fees and how unstable Crypto exchange rates are.

What does banning Bitcoin mean ? - Your country is closed to multi-million dollar exchange companies and thousands of related jobs. - Your country will not develop blockchain talent and will lag behind in that technology. - When you will think of reversing the policy you will be too late. - You create blackmarkets and pissed off attitude against government.

This is going to be worst to bitcoin holders, Hopefully the neighboring country will not follow banning of bitcoins in their respective areas, We are looking forward that somehow bitcoins will established good reputation to ones country, and may find proper regulation to avoid confusions in investing on it.

i think its not final decision. i dunno why indonesian financial departement banning bitcoin even they are meet the developer of Ripple yesterday in their office in jakarta. what this it? bitcoin will be ban? and ripple will be acceptable? its so funny

I'm afraid that Indonesian financial departments haven't heard about Ripple and other altcoins yet...
Just don't tell them about other Crypto!  ::)

I think they has a point. It was really too risky because there is no authority, no administration and no leader which is needed especially if there's something happened with the money they are transacting, who are they going to ask about it?, who will be the one to fix if there was a problem with their money?. They were just thinking about the safety of the investors and the people so we cannot blame them, right?. They have their reason why they ended up to ban the digital crypto currency on their country.

If this is real, it is a bad news :(. Bitcoin gave many people a chance to meet their needs and goals for life, maybe because the value of bitcoin is intriguing   for their own currency. Hope this is not real though even you gave some links that prohibits using bitcoin as an alternative payment.

 Owning or using bitcoin is the same as banning it. If you own bitcoin and you can not use it, how do you think it should be used at all? the ban is unambiguous.

Indonesia does not ban bitcoin. it's just that many who think that bitcoin does not match the application of the economy in the country of Indonesia

You have some point too. Well, since no bank or  government can effectively control bitcoin, such opposition is not unexpected. Probably the government will fear of allowing consumers to control their own money at all times.

I see this case is not a ban on criminal sanctions, only Bank Indonesia wants to state that Indonesia does not recognize the payment system with cryptocurrency.
we will see regulations "PBI 18/40 / PBI / 2016 and PBI 19/12 / PBI / 2017" therein only regulates the organizers of payment transactions and the providers of financial technology. if the offense is only imposed administrative sanctions, criminal sanctions can not reach.

Well.. we never know. after all they are still the governments and they have the power to ban or unban but i think it won't last forever they would change how they see the bitcoins,  nothing is permanent. As of now, we live in a world full of  technology, through technology everything is impossible so it's not impossible if our real money would become a digital money right?  ;D

Would be nice if OP provided more than those links, which I'm not clicking on. 

I'd be tapdancing in the streets if Indonesia did actually ban btc because they're some of the worst shitposters on bitcointalk, as you can see from the replies here. I'm damn sure my prayers wouldn't be answered so easily.  Can't North Korea drop a dirty nuke on Indonesia or something?  That'd probably work just as well.  I can't stand you fucks.

BI prohibits payment system providers and financial technology providers to process payments by virtual exchange tools such as bitcoins.

THis not a bans bitcoin.
They only don't accept cryptocurrency and bitcoin use as legitimate payment solution to again their official Rupia currency.
Same as you can't use USD in Indo or Singapore.
That's normal!

Anyways they have their own government to authorize such thing. As I read one article about it , Bank of Indonesia plans to ban all Bitcoin related activity in the country. While digital technology is of great interest of Indonesian Gov't, it sees that cryptocurrencies is in different light.

Vietnam also gave bitcoin a time but it did not affect the crypto, because simply no or not can not resist this revolution, as the internet also, it keeps growing and now can not lack them. if you want social development.

The translations say "Bank Indonesia affirms that virtual currency including bitcoin is not recognized as a valid payment instrument, so it is prohibited to be used as a means of payment in Indonesia."

now, I don't think the authority totally banned the cryptos, rather the authority doesn't want crypto to be used as transaction methods for now. I hope, authority will rethink about it soon.

Bank Indonesia (BI) stressed that virtual currency including bitcoin is not recognized as a valid payment instrument, so it is prohibited to be used as a means of payment in Indonesia.

What I see is most of this countries coming out to make a statement about banning bitcoin, they are only doing it because they don't have the technological capacity to enforce a regulation and if they go that way it would be too costly on their part so they want to go the cheap way out which is banning. But unfortunately for them, what make them not to enforce a regulation, they can't force a ban as people will.always find a way to ensure that they carry out their business.

Feel so sad to those who are affected by this changes but i think it would not be a big loss for the communuty and surely the government are planning great thing in exchange for that action. I guess government just rely on a bad thing about bitcoins and not seeing those useful effects.

The government states, the ban is in accordance with the provisions in Law no. 7 of 2011 concerning Currencies stating that the currency is money issued by the Unitary State of the Republic of Indonesia and any transactions that have the purpose of payment, or other obligations to be met with money, or other financial transactions conducted in the Territory of NKRI shall use rupiah.

I do not think any country can stop us from using Bitcoin because everything becomes anonymous when it comes to Bitcoin. Besides, if they do, they just forbid us to use it or hoard it and not ban it

When bitcoin users are increasing day by day,suddenly it is really a matter of sorrow that many countries banning bitcoin.Many people dreamt of having a way to become rich,but the government decision fall them in frustration.

It might take a long time but I think governments will eventually realize that it's impossible to try to ban bitcoin. You are just pushing people to do business off the grid, and you are not taxing that amount and losing money. It's not an ideal situation for a government.

In my opinion. it's not forbidding bitcoin. but, prohibit making payments via bitcoin. if to get profit is not prohibited

I'm so sorry to all who have a bitcoin in indonesia. I feel you brother, it's not easy to accept that they prohibit bitcoin in your own country. I hope they will accept in the near future.

I’m beginning to see a pattern here. Brown people don’t trust bitcoin because it fails to use curry powder and rice on a daily basis.

      Man oh man, thus sure is such a bad news for all the Indonesian crypto currency users/lovers there in Indonesia. I sure cannot imagine how sad and devastated all Indonesians are with this news. I hope this decision of the government of indonesia gets revoked because clearly, a lot of people there are very dependent it crypto currencies for extra income for their daily needs. This will certainly effect their people. Might even cause lots of people getting out of country just to be able to use and earn cryptos.

Why would you feel sorry for them? They are still able to hold it, sell it in foreign exchanges, they can wait for their government attitude to change or leave the country with their money and pay taxes somewhere else. They aren't being oppressed in any way. Borders are open, when your country does something that you don't approve of change the country.

It's not as simple as just walking across a border and then starting a new life in a different country. There's a lot of things that can tie someone down; employment, family, business, assets, just to say the least. I would have to assume that you live in Europe if you think that crossing borders is that simple all around the world, and I can assure you that there can be a lot of unwanted effort to try and do something like that.

They're also a bunch of islands, which requires either a boat ride or a plane ticket to change to another country if you don't live on one of the main islands. The typical wage is relatively low. Do you think they're going to be able to just go to another country and walk away with most of their assets at the same time?

I don’t know if that’s true dude. These guys look like they could swim pretty well if they had to.

http://www4.pictures.zimbio.com/gi/Indonesians+Gather+Ngusaba+Kaula+Blood+Sacrifice+zdx8kYyJ_ftl.jpg

They seem to be happy just like they are. Maybe they don’t need bitcoin anyway. LOL

https://qph.ec.quoracdn.net/main-qimg-a2a780bd696463351a233bf04a7b8edf-c

indonesia not ban btc but only appeal to all indonesian society not to make payment transactions do btc because not yet legalized and if something happened then bank indonesia will not responsible for that. so btc is prohibited to be used as a means of payment in Indonesia

"Ban Bitcoin" what does it actually mean?
Bitcoin is not a user, not a site or kinda web service.
Ban network ports and domains won't work, because people widely use VPNs.
Please share your guess, how to ban Crypto from technical point of view.

Exactly, what does that mean. I mean people that have internet can still use a wallet, right?

Just like South Korea did and afterwards reverse herself. Indonesia will not be difference, they will be official communique clarifying the government position on Bitcoin.  

So it's not really important what happens, right?

People that have Internet and VPN can still:
1) mine;
2) trade;
3) invest: ICO, lending, stacking.

I mean what the government does.

I agree with you. If they ban bitcoin in any country means, we can use of VPN.It is the best option for the ban issue. Some may worry about their investment and invested money. But the fact is they no need to worry at all.VPN is the simple solution they have with him.

Indonesia is not banned bitcoin, but Indonesia only prohibits using bitcoin as payment, because in Indonesia only legitimate payment according to the government is rupiah money, that's what I read from news, if Indonesia banned the use of bitcoin then Indonesia will lose because bitcoin can increase the state of a country , there are now many developed countries that legalize bitcoin

It's virtual currency what was banned in Indonesia

First picture: guys just made an account on CE and logged in, omg, wtf...
Second picture: deposited some BTC and exchanged it to some shitcoin, profit!   ;D

I think that for country is the most easier to ban bitcoin. And after this there is no needs to create new laws for cryptocurrency community >:(

they are simply not knowledgeable about bitcoin hope they change their minds soon

In my country ,bitcoin is legal. I was very happy about it,If it is became a illegalized currency .I won't get panic and sell my holding bitcoin, at that I will just hold the bitcoin and make use of bitcoin with the help of VPN.It will switch your location.

You may be right. LOL

Here is a short English summary of the BI press release (http://www.bi.go.id/en/ruang-media/siaran-pers/Pages/sp_200418.aspx) with most important points highlighted: Bank Indonesia Bans Bitcoin And Other Cryptocurrencies (https://bitrazzi.com/bank-indonesia-bans-bitcoins-cryptocurrencies/)

According to the statement, these currencies allow people to engage in wrongful acts such as money laundering and funding terrorism. BI claimed that cryptocurrencies are a bubble which will damage financial stability, and will ultimately hurl the society into an economic disaster. Starting today, the central bank will not process any transactions made in Bitcoin or other cryptocurrencies.

They probably ban it as they see it as a threat for their country. I notice that the number of Indonesian users here in the forum is continuously growing which indicates that cryptosystem is now becoming popular to them. But I doubt if Indonesian really invest or just interested from a small payment and airdrops offered here in the forum.

There were increasing number of spammer here in the forum, its obviously because people from third world country tries to get some coin. I think it would be better if Indonesia will ban bitcoin. There will be fewer spammers from now on. Im not saying that all Indonesian, but many are doing it.

They're scared about losing control.

Hi,

Sorry to say so but the Indonesian government cannot ban bitcoin. I understand the idea, they want to prevent people from using it so they make transactons illegal and prevent people from using it as a currency... on the national territory. Which actually means nothing when considering and alt coin.

Again, I don't say that this will have no consequence, but I am completely sure that they will not be able to stop bitcoin from spreading in use in the country. However, as a matter of fact, it will not be possible to make such transactions through an Indonesian IP. This is not really an issue, right? ;)

Exactly. Also you can cross the border and do your thing.

Is this causing the red-blood situation today?

Like southern korea, the decision of banned bitcoin in the country of Indonesia is also not final. And I think the Indonesian bank as the central bank of the country only prohibits all forms of bitcoin transactions as a means of payment that replaces the position of rupiah as the official currency, the Indonesian bank does not prohibit bitcoin to be asset

Yes, it's really bad news for all of bitcoin community. I can't know whether it will come back again but i hope it come back again

Most of the countries that have come out against bitcoin are really a joke because they can’t have any effect but Indonesia is different.

Indonesia has the largest economy in Southeast Asia and is one of the new emerging market economies of the world. The country is also a member of G-20 major economies and classified as a newly industrialised country. It is the sixteenth largest economy in the world by nominal GDP and is the seventh largest in terms of PPP.

Here’s the reason they can’t afford to lose control by allowing the widespread use of bitcoin. In the aftermath of the financial and economic crisis that began in mid-1997 the government took custody of a significant portion of private sector assets through acquisition of nonperforming bank loans and corporate assets through the debt restructuring process and the companies in custody were sold for privatization several years later. Since 1999 the economy has recovered and growth has accelerated to over 4–6% in recent years.

BI called on merchants not to accept Bitcoin as an official payment instrument as the bank would not be responsible for any losses incurred through transactions. I think, it is for a certain time period, it will open again.

lol they are same as fu*k :D
just wait until they know everything about cryptocurrency and other.i think they should make analysis about this statement before they publish press realase.

The Indonesian government is just not willing to take any risks with it's economy. However in many ways it would be an ideal location to have progressive regulation and open itself up to crypto tax revenue

"Bank Indonesia warns all parties not to sell, buy or trade virtual currency", is this true in terms of online? because I think that this is only banned by offline way. what if they work and earn a salary using bitcoin? of course they have to exchange it to fiat.

Yes your right, bitcoins is not really banned in the country but they are only prohibiting on bitcoins transaction. It only means that there are still way for the people to earn cryptocurrency in their country, it will only be hard for you to find an exchanger to withdraw your coins on cash.

yeah i agree with crypto tax, but i disagree about crypto ban. they has been notice all people who used cryptocurrency, its not the first time. but in the other hands there are other departement its called Financial Service Authority. they say will be registering bitcoin into indonesian stock exchange. i dunno who will be the solved about this problems.

who care with Indonesia and how will effect in bitcoin price.
Indonesia will using other ways to get bitcoin

Its not yet a final decision for the indonesian government but its sad on how they deal with it as a negative matter and do not look for its benefits. But i think it will not be easy for the government to ban bitcoin on their country unless they will be also banning the vpn's, so they will secure that no one will using it. I think government will issue a refund of coins if it happens.

USA banned Alcohol too, that didn't work either.  lol

why so bitter :) we're doing well economically, thank you very much. just look at the numbers.

where do you buy btc via credit card? in places like cex.io? i suspect the rate would suck, plus you have to convert from IDR to USD using the rate from the credit card's bank, which also sucks.

you're underestimating them. of course they have heard about crypto (since years ago), it's all over the mainstream media.

Currently, as far as I know, five major Indonesian banks are studying to accept the bitcoin trade, suggesting that the Indonesian government has broad policies for the cryptocurrency and bitcoin markets. I think this is the right direction of the Indonesian government, instead of hindering the new trend of the whole world they should learn and have ways to manage and accompany it.

although i don't agree with the nuking :) i fully agree with the bolded statement. i wish this forum had an ignore setting by country or something.

in my opinion, the government of Indonesia does not prohibit bitcoin, it only gives a call for its people to be careful and selective in transactions with bitcoin because the Indonesian government itself has not been able to accommodate or make a special rule about bitcoin legalization, and that only limited investment, become a legal transaction tool in indonesia.  I think the future of Indonesian government can follow the development of bitcoin, so it becomes legal, as more and more investors from the Indonesian community who contribute to bitcoin.

this issue is long and I'm not surprised. I prefer it to happen and it's more assertive.
I'm not afraid there's still another way to earn money from Bitcoin.

which became confused is, when the news circulated, not long after Ripple announced that Bank of Indonesia in cooperation with XRP
WTF

I love how we care what Indonesia bans since they are usually on the forefront of technology and innovation....

which Indonesia has forbidden to ban bitcoin is, Indonesia has not legalized bitcoin as a legitimate transaction tool that can be used for buying and selling in Indonesian market, and this does not apply to those who own or store bitcoin

Everything goes according to plan, all of Asia for some reason does not much prefer crypto-currencies and prohibits transactions and exchange in Fiat. I wonder how this will affect ordinary people, or rather their decision in the future for such an event.

with the news will affect bitcoin users in Indonesia, but not for bitcoin users abroad, I think this is just a news from a group of people who do not benefit from bitcoin

For Indonesia, it's doesn't affect to much since they have forbid bitcoin usage since beginning.
They decide to ban bitcoin because they want to protect their civilian especially for terrorism funding

~They Ban because they care !

I still dont get how countries can straight up ban bitcoin lol. I mean all it requires is the fucking internet. All these governments are just scared shitless about people cashing out and hurting the national treasury maybe

True. Majority of the governments in our world are afraid of the crypto currency world and bitcoin which is why they will never stop trying to regulate this market and will always fail at the end of the day because bitcoin is not something that any government can ever regulate. The funny thing is that most of these governments have separate motives like personal profit etc behind these moves and many people fail to see this and blindly fall for their scare tactics. All these governments need to realize that bitcoin is the future and must embrace since they cannot stop it.

Looking from the translation it seems like it is only illegal right now for indonesians to trade(aka buy/sell) bitcoin and send bitcoin to other people.

It's still legal as far as i can tell to be holding bitcoin.

Plus, it is impossible to enforce entirely. If you trade bitcoins with another person without an exchange, how is the government going to be able to tell that you have been using bitcoin at all? It's more of a statement of their attitude towards bitcoin rather than an actual regulation imo.

Don't panic because these things are to be expected. Governments don't like bitcoin, and it's been known for ages.

I also have no correct information about it , but recently when South Korea announced to ban the bitcoin in his country, but also recently South Korea announced they are not doing it, but this incident effect on bitcoin price and bitcoin price was suddenly down, but again bitcoin is going to up. So let see it is true news or not about Indonesia bans bitcoin.

Neither Indonesia, nor Europe, nor the United States will manage to regulate the bitcoin. I think its impossible.  BTC comunity its created, and be here to stay long time...

No, its not true. Indonesia Central bank has warned against the crypto but not banned it. They may seize trading in future but currently its not affected.

Yes and i think majority of the Indonesian people already know about bitcoin and the cryptocurrencies. In fact, there are so many indonesian people who are here in this forum and i know some of them are already earning millions. Sooner or later, they might raise the ban and would eventually embrace the blockchain technology.

It's not a warned.

"Bank Indonesia affirms that as a payment system authority, Bank Indonesia prohibits all payment system service providers (principals, switching organizers, clearing organizers, final settlement providers, issuers, acquirers, payment gateways, electronic wallet operators, fund transfer providers) and Financial Technology providers in Indonesia both Banks and Non-Bank Institutions to process payment transactions with virtual currency..."

It's strange. Who does not like bitcoin in Indonesia? I thought they were good at crypto-currencies

good

if we look at the statements contained in the article is that the government is very concerned about the risks offered by digital currencies and explains what are the adverse effects that could result if cryptocurrency transactions persisted in their country. Because indeed, it is the duty of the government, to maintain the stability of the economy in a country, and to prevent and follow up any threats that may affect it.

Their government simply need to shield their citizen from fraudulent activity. On the other hand, I think there are authorities there that will purchase bitcoins and restricting it will diminish its value hence the ideal time to purchase then when all are set, they will in the end lift the prohibited, and the individuals who purchase could be a moment mogul. In the event that that is the situation, well I let you know, they fizzled. Since restricting bitcoin in Indonesia have no extraordinary impact in the worldwide value market of bitcoin. Indeed, even the cost is low at this point, it is because of the current issues in two south east asian countries.

That's right, from the news that I read Indonesia is not Ban Bitcoin, Indonesia only forbids Bitcoin serve as a means of exchange / payment in Indonesia ..

Great!! A lot of shitposters would get the heck out of this forum? Even if not, its not going to affect the markets much because Indonesian traders don't affect the markets by much margin. People will talk about for like what,2 days at the maximum? Its only the people from Indonesia who'll be affected by this move made by the Indonesian government. Some people who might have been depending upon bitcoin as their main income ,would be affected the most. Feel sorry for them but then who cares. Wonder if people go abroad just so that they can use bitcoin :o. That would be fascinating and astounding to a greater extent. But can they survive there,for they can't speak English for shit.

Yes Bank Indonesia prohibits the use of Bitcoin one of them to prevent the occurrence of many crimes. Because, during this Bitcoin transactions are often used for criminal activities, such as the alleged terrorism, money laundering, or immoral actions. the most important bitcoin mining can still be done.

Yes . It is a sad news for the bitcoin community. The ban on the use of bitcoin has affected a small fraction of the value of bitcoin. The ban has made many big bosses about bitcoin in the country rushing to sell the bitcoin, have discounted a bit. I hope this ban will soon be removed

Indonesia does not prohibit containing bitcoin. I think Indonesia only prohibits transactions using bitcoin means sales transactions and purchase of products or other. This is to keep people using the rupiah as a valid means of exchange in Indonesia.

I am very concerned about this news, the government does not support the existence of crypto-gurrency, but many positive can overcome inflation in a country.
I got the info a few days ago that some banks in Indonesia will implement blockchain

I mean, this is totally right.
We admit it that virtual currency isn't a "valid" medium of exchange, and what we've been doing is selling them as the thing not the currency (just like stock).

So please government, don't be so harsh with us. This is what we need for the better Indonesia.

or maybe we should sign a petition??

This has been the trend this week. Countries are banning the use of bitcoin or making a regulations on it. I think this was the reason why bitcoin had made a sudden dip.

I have said before, that while government may place a ban on cryptocurrency, It may not deter some top officials or some big shots to do their crypto trading quietly and use alternative routes to cash their pay. It may be more expensive say number of conversions to get  their funds, but at the end of the day, it will be worth it.
If no one can ban the internet then they can't stop cryptocurrency or bitcoin in particular.

It is not that they do no like bitcoin but the threat of it to the country's economy are the reasons. I think that is reasonable since bitcoin is really volatile and if a lot of people are holding bitcoin, that will be also affecting the economy of the country. I just hope our country do not do the same thing since a lot of people in our country are starting to know and use bitcoin. If you want to read more about Indonesia, here is the  LINK (https://www.rappler.com/technology/news/190774-indonesia-central-bank-bitcoin-cryptocurrency-prohibition).

I suppose people of Indonesia will go on dealing with Bitcoins and trading. The latest news says that BTC holders in this country go on selling and buying crypto.

https://borneobulletin.com.bn/life-goes-on-for-indonesian-bitcoin-traders-despite-stricter-rules/

Indo is not the only country banned bitcoin. in our country. Bitcoin is not recognized. They do not accept bitcoin as merchandise. and can not be exchanged.

as long as the gov didn't ban internet, I think there won't be a problem for me. Beside that I think in that news the gov just  banned it as a payment.

on a rather unrelated news, i think bitconnect also operated in several cities in indonesia and managed to get quite a lot of members. with bitconnect scam going busted and all, it doesn't help the cryptocurrency community here in indonesia. and BI will certainly warn more strongly against the usage of cryptocurrency in general.

Indonesia to ban Bitcoin transactions next year Bitcoin is a digital currency designed to obscure the identities of the people using it.

As far as I know, our gov't doesn't ban bitcoin. It's only forbidden to use for transaction instead of using IDR (Rupiah) because if it does, then why they don't ban the local exchange?

Well. we never know. after all they are still the governments and they have the power to ban or unban but i think it won't last forever they would change how they see the bitcoins,  nothing is permanent. As of now, we live in a world full of  technology, through technology everything is impossible so it's not impossible if our real money would become a digital money right.

They have banned bitcoin to eliminate it from payment system services that use virtual currency as the process as well as they were encouraging the companies not to work with any parties that facilitates with the currency transactions, they were just so afraid that bitcoin will eat and supersede their financial institution system.

Maybe they just won't accept bitcoin for daily transaction for now.
But maybe in the near future they'll consider using it legally.
And maybe, they did not prohibit collection or it is not unlawful to collect bitcoins in their country. However, they ban the use in day to day trade.
Hopefully they will open it for those purposes someday..we'll never know

hallo, indonesian here, my country is not banned bitcoin, what is meant by our government is bitcoin is prohibited to be used for payment transactions, but if in the form of investment still allowed only be own responsibility

Nice to hear these kinds of clarifications because it can lessen the spread of FUD's. Actually the government can banned anything not just Bitcoin but they can't actually stop it, people will always make ways to gain access.

Because Bitcoin transactions are peer-to-peer and cost-free, Bank Indonesia is also concerned that bitcoin will be used to raise money for terrorist activities, money laundering, drug trafficking and more.

Bitcoin and other crypto-currencies are already forbidden to be banned. Too many rich and powerful people use this money. I think the issue of legalization will soon be resolved in most countries.

They have to rethink about Bitcoin and Crypto Currencies as a lot of people involved in making money from Bitcoin. Banning will surely make their livelihood disappointment. but to slightly help the economy of its people, bitcoin may be one option.

I believe any third world countries banning Bitcoin will not affect the price so much, but I believe its really bad for the Bitcoin ecosystem. the uneducated will think Bitcoin is bad because of government banning, while the truth is a really different perspective.

I believe so, but I don't expect bitcoin to be accepted by Indonesia. Instead they will move to the digital payment revolution through their own virtual currency which will be strictly centralized and regulated by the government. We all know that digital payment is the future and sooner or later every country will have to move to this facility. But probably not through bitcoin. A lot of countries are now debating to launch their own crypto currency which will be listed in their own stock market and will be strictly regulated. India is thinking about their own crypto currency called "Lakshmi". I think that's what is going to be case for many other countries.

Recently following Philippines Indonesia seems to show good support to bitcoin through different sectors. From such a support suddenly a ban seems completely an unbelievable fact. As few users mentioned surely the changes made will make them feel bad in the future when more countries progress through bitcoin.

Bitcoin can not be banned. Just like China, the characteristics of bitcoin are anonymous, so it is hard to be forbidden. The state can only be restricted or regulated. It can not be completely tense. Indonesia may only limit the transactions of bitcoin. Because he threatened the interests of national banks and finance

I do not think it is really banned.Maybe at some points there are just implementations of rules that of course you have to follow but they could still not even take to control others to stop or do something they get use to. But of course, you could not expect that think could still be the same.

It will not affect so much but it will have an effect later on. Third world countries bitcoin users are not that many since there are only some people there who are exposed to the technology and know such thing as digital currency. I think the people are not misunderstanding the reason why the government are banning digital currencies in their country since they are explaining it to the people why.


Yes, I sees it at that way too.

I'm sorry if this news really happened.

If the government is wrong, then the people must obey the rules.

I think bitcoin is the trend of the future, not which country can ban it.

I think you are right mate, Indonesia does not ban bitcoin, it only proposed to ban the cryptocurrency exchange. My understanding is they ban the trading sites.

I think Indonesia will regret his decision. Historically, the countries that have witnessed the downturn and the collapse of the national currency have used the Bitcoin as their means of saving themselves: Cyprus, Argentina, Azerbaijan, Kenya, Venezuela and Zimbabwe. This shows that Bitcoin has a regulatory role in the national economy,if the country banned bitcoin, it would be a big loss to the country.

If bitcoins are good then why did they banned it?? What's their point? Is there any further explanation behind this post?

Upon reading the news, it shows that they banned all cryptocurrencies transactions. They are afraid that someone will used it for money laundering or funding a terrorism. It also shows that they did not think that cryptocurrencies is where our future is going. But they forgot to tackle the good side of Cryptocurrencies. Indonesian government needs to mellow down to this issue, it is much better that they created a regulation regarding cryptocurrencies than banning it.

This is normal. There are still many countries that do not accept bitcoin now, but the banned countries still have people who participate in bitcoin transactions. Therefore, the bitcoin transaction will not stop even if the country prohibits bitcoin.

That is a normal recourse of a person/government/society of something "UNKNOWN" to them. The government thinks that Bitcoin is not a legitimate currency because of the fact that this currency is decentralized and not regulated.

Just like every cryptocurrency ban for every country, this will be juat temporary. Until the Indonesian government finds a solution to regulate bitcoins and other cryptocurrencies, that's the only time they will lift the ban. I guess, it just goes to show that a lot of governments will do everything just to get theit hands on cryptocurrency without effort.

i know from news here, BI (Bank Indonesia) will accept and make alliance with some crypto for next time. i dont know when it will happen, maybe some month or maybe next year. its good and im sure Indonesia will accept bitcoin.
last year, they send out statement about dont use crypto as transaction, and will take step to ban bitcoin in next year. from news, they have regulation about cryptocurrent, and make sure to all people to dont use crypto as transaction. and now, the statement like take opposite side.
so far, we good here. and still use crypto as our income

I think we just have to respect their decision. They are not entirely against bitcoin, and besides there are also other countries like China and South Korea that banned bitcoin. They must have had a very good reason as to why they did this. Eventually, if they'll find bitcoin really useful, then they would most likely legalize it.

They ban something they cannot manage. Actually I think the bitcoin itself is not banned and no government can do this, but only the exchange tradings.

it's just a statement from bank indonesia (BI)
But today, Indonesia's finance minister sri mulyani made a statement that made me relieved
Bitcoin is prohibited as a transaction tool, as Indonesia has the official currency of RUPIAH, and if any party is proven to use bitcoin as a means of transaction, it will be in Criminal.
But the government does not forbid if the people of Indonesia want to invest with bitcoin, the government just appealed
If bitcoin is very risky, and if something happens to the detriment of investors, the government does not want to know it is the responsibility of the investor itself.
That's the news I read today

Actually it will very helpfu if there are support from government to have a safe official or premisis operating. But moral of issue that no existing organisation is needed for bitcoin transaction. Many countries banned bitcoin but not  capable to stop its activity.

an official statement announced today by Indonesia's finance minister Sri Mulyani
the government does NOT prohibit the use of bitcoin as an investment tool, but the government will not help if there is a loss among investors, because this is a mutual agreement.
Second, bitcoin is prohibited as a means of buying and selling transactions, because Indonesia has its own currency is RUPIAH
If the violation is proven to be subject to criminal sanctions
according to a statement from the Indonesian government

Indonesian are conflicting financial and government sectors. Due to the unregulerity and uncontrollable increase of Bitcoin and other cryptocurrencies, it is sure that there are many dangers associated with the new form of money. At the same time, there are many new opportunities waiting to be explored by brave men to exhaust.

https://www.ccn.com/indonesia-undercover-bitcoin-bali/

anyway, BTC is useless as payment method. it's VERY expensive and VERY SLOW.

This is not a ban of Bitcoin. A ban of Bitcoin would be if thet would close exchanges, and go after people who trade Bitcoin with each others. Indonesia has just said that Bitcoin is not money so it cannot be used to buy goods. Anyway, Bitcoin has stopped to be money the day it has become an asset that people buy as a store of value. So much ado for nothing.

My point of view here is that maybe bitcoin ban on their place because they fear they might scam their money. As the western world wakes up to the potential of blockchain technology and more institutions recognize it, the countries of Asia remain skeptical. The Asian trading session is always a good indicator of how the rest of the day is going and today BTC surpassed $14,000 for the first time

as far as I know Indonesia is prohibiting users to make payment transactions using bitcoin and there is no prohibition to do business using bitcoin, but I think with the regulation is certainly a disadvantage for users to freedom of transactions using bitcoin

So maybe ban the bitcoin in their place maybe they know that bitcoin is just a scam and it's a big mess. Bank Indonesia's new regulation explicitly mentions Bitcoin and the like, saying, "the use of virtual currencies in payment system [and] activities... is prohibited."

I have no idea of that.  I hope its not,  because everyone can own bitcoin.  But you ysed your bitcoin in a good way.  Dont be greedy.

if it happens it will force them to stop interacting also invest with bitcoin
but is not that just a claim from some parties and has not been issued official decisions from the government, I hope bitcoin will still be accepted, even around the world.I think the government sees in terms of losses incurred alone. they do not see from the user side. profits to be gained and employment opportunities for its citizens. government not looking at it sounds too authoritarian. Btw which I fear the worst is close the local exchange that is bitcoin.co.id..

based from my own research and some articles that I read I think Indonesia is still getting cautious of how bitcoin is progressing and not a total ban but just enough for them to control what goes in and out and to better understand the function of the bitcoin to people and especially to their government and country as well which is much more important to them than anything

If this news would be authentic then it must be a frustrating news for this platform. I think day by day Bitcoin is becoming a popular platform for trading and payment system But China and some countries are trying to influence their people to stay away from this platform. But I think they will realize very soon and they will get involved in this platform in the future.

According to the source you have given, Indonesian Government only banned Bitcoin and another Cryptocurrencies to be used as a payment method. So far they are not banned bitcoin either as a store value or owning it. This is normal as there are still many countries that banned cryptocurrency as a payment method. I think many countries still not ready with the appearance of cryptocurrencies. Once they realize the benefit of cryptocurrency, i'm quite sure they will start accepting it. Even though they will banned bitcoin either as a payment method or as a store value, it won't stop people from that country from using bitcoin as bitcoin is decentralized and anonymous.

if Indonesia forbid bitcoin this is bad news, because some indonesian people are bitcoin users, and maybe Indonesia will experience financial problems. I hope this is a misnomer, because I am afraid if bitcoin is banned in indonesia.

you are right, if the news is there, surely many people are disappointed, but I have not heard that anyone is disappointed because of the prohibition of bitcoin in Indonesia.

That's sad. As what I have observed, there are a lot of Indonesians using Bitcoin. But oh well, they might have found something irrelevant about it.

Asian cryptocurrency market is really huge. I'm not even sure which part of the world has bigger influence on crypto: East or West.

As an impression that all countries agree to ban bitcoin, unbelievable

I think the above article is made by the bank not from the RI government and they do it because they consider bitcoin as a rival.
Because if bitcoin has mastered the international market then there will be no more people who need the bank as a place to save money, because in addition bitcoin much safer transfer fee used only less than when transferring money through the bank.

I think Indonesia may not ban Bitcoin, they may short-term prohibition of bitcoin transactions, but I believe there are still many investors.

Yeah a lot of big banks and monetary institutions too,  like Goldman and Fargo,  which are some of the the known ones taking interest,  and i am sure there are many other banks from other countries who are trying to capitalise off the market.

it's normal as long BTC is mainly used on black market, ICOs and so on....

Unfortunately it is true that they ban the all electronic coins in the cryptocurrency. They banned bitcoin not because it is illegal but the system they have.
All people consider cash-based system so there is a big difficulty once the bitcoin start to operate in their country.

This news is old. Don't panic bro, our goverment still monitoring on bitcoin and review it. They just warning for the risk, not ban the cryptocurrency

Bitcoin is NOT banned in India.
Read the articles people, not the rumors.

I have the same opinion with you. Indonesia' government does not ban bitcoin prohibit bitcoin to use as a payment in transaction. Maybe they will realize it someday that it is a mistake because crypto will be admit widely in the future.

Bitcoin is banned in China which was a HUGE market :)

https://www.ccn.com/china-ban-block-cryptocurrency-trading-icos-abroad-report/

The government of China is not influencing the people to stay away from crypto currency,instead they are threatening them by banning the exchanges first and now they have put all the trading exchanges behind their fire wall and people wont be able to invest in ICOs too,expect these sort of regulations and ban news this year.

So what? Let him forbid. In my opinion, it's all the same to prohibitions! All how to earn and will earn

I do not really care about the ban on bitcoin in the country of Indonesia, in fact everyone ignores it for several years last year, until now their people still use bitcoin as their future hand, the issue of prohibition is only part of their issue, so that their society throw so a lot of bitcoin and they end up buying it and chewing bitcoins cheaply, and they might want to get their tax payments altogether to ask the people, so what they do for bitcoin issues is just their mask !!!

It is afraid to think if the other countries bans bitcoin.Bitcoin is my incone to support my financial needs so that I can help my family also.hopefully that bitcoin in philippines is not going to be baned because it helps a lots of people who doesnt have a job here in ny country.hoping so.....

And so is China and the Bank JP Morgan will not be supporting the purchase of bitcoin or cyptocurrencies using credit cards. However, the mettle of the bitcoin and other currencies are been tested and this wind of adversity will toughen the cryptoworld.

$6.369,94 /1 in this time.  >:( >:( >:(
bad news

If, Indonesia bans botcoin, it will be very sad. because might indonesia will be experience financial problem.
hopefully bitcoin in indonesia never be bans, because its a lots of help people for make live and future be more good, specially whom they have not job.

when searching for the word "Indonesia" in google images, you will find beautiful panoramic images in one city in that country, that is Bali. I believe if people mention Indonesia, which remembers its bali city, but the city is not the capital.

Regarding the ban of bitcoin in the country, I don't think it will be a public concentration because it can still be said to be a poor cryptocurrency. Although there is an exchange that trades some cryptocurrency nonetheless a population that even only knows about bitcoin is no more than 1%. So, do not worry about this one country.

Well, it has been a long time .. Bank Indonesia (BI) prohibits Bitcoin as a means of payment. And the news is heavily in various local media. BI's decision is based on various factors. one of which is coming from the understanding that rupiah is the only legal means of payment in Indonesia. But I think, the Indonesian government through its central bank has a shallow understanding of bitcoin. Because, in fact, if Indonesia legalizes Bitcoin as a means of payment, Bitcoin will automatically involve the Indonesian currency.

Indonesia does not ban bitcoin users, Indonesia only prohibits transactions with bitcoin

Speaking about bitcoin the most popular cryptocurrency today, and the latest technology to face a ban in Indonesia. However Indonesia central bankers warned that it posed a threat to the stability of the national currency and their economy. Despite this incident bitcoin remained popular in other countries.

I think the government is too worried about the fluctuations that occur in Bitcoin.
It becomes a big problem if all people use it.
One thing they worry about the users will lose money or financial management becomes unstable.
The government still defend the law as the financial reference of Indonesia is rupiah instead of digital coin we know if we do not exchange goods with bitcoin but we trade coin and altcoin.
My hope the government can retype their ban, because here can be called the money fields of users.
if a favorable thing is always banned it must wait when our country will progress.

Based on the latest information right now there is good news that the president of Indonesia wants to make a study about blockchain, he said that the progress of time can not be unstoppable including the presence of bitcoin.

it is true, Indonesia forbids bitcoin to transact, and nothing more. but although Indonesia forbids bitcoin, bitcoin will never die. because at this time very many other countries that prohibit bitcoin, but in fact bitcoin still progressing.

A warning has been issued by The Central Bank of Indonesia to investors not to sell, buy or trade any cryptocurrency because of “bubble risks" and susceptibility to be used for "money laundering and terrorist financing”.

Indonesia hasn't large crypto market and their ban can't affect on cryptomarket, so it's not important news.

The government is just so closed minded and selfish. They think they are protecting their people by forbidding them to use bitcoin in all transactions and from holding, but they are not really protectng them. If they are really after the welfare of their people they will give them a chance to just be free in cryptocurrency, after all they cannot really support their people and take them out from poverty. If they dont have food to eat i doubt the government will make the effort to feed them and give them food to eat.

I think the point from the article is Bank Indonesia prohibit the use of bitcoin as a payment method in Indonesia. It doesn't say that we can not trading it on cryptocurrencies market. So Indonesia not ban bitcoin and in Indonesia we only use fiat money IDR Rupiah. But, I think it will chance it's only a matter of time because I heard that Bank Indonesia is reviewing to make Digital Currency for our own it called Digital Rupiah. So, we will see for the next updates from the Indonesia Government.

this are the link for the references :

https://www.regulationasia.com/bank-indonesia-trial-digital-rupiah-2018/

http://jakartaglobe.id/bankingfinance/central-bank-mulls-possibility-issuing-digital-rupiah/

https://www.finews.asia/finance/26385-bitcoin-ban-indonesia-digital-rupiah

http://ekonomi.kompas.com/read/2018/01/29/120800126/bank-indonesia-buka-kemungkinan-adanya-rupiah-digital

I hope it will clear enough about the rumor about bitcoin banned.

thanks

who has a "big" market for digital currencies? :)

too  bad the government only look for bad thing that can bitcoin do. but they don't know about technology, the benefit for using it,etc. now we must blame government who only want to protect their people or who use it for bad things?

this is like an artificial issue, regardless of what strategy the Indonesian government and financial institutions are thinking about there. but until then bitcoin still bus in have in that country. >:(

yes, in Indonesia we are not prohibited to own or collect some bitcoin, indeed in Indonesia if suppose we use bitcoin transactions that reportedly not allowed, maybe every country has its own reasons for the rules given to its people, including in Indonesia and other countries that are not allowed transactions using bitcoin.

It's bad that this kind of things happen around the world with bitcoin. In my opinion nothing will stop bitcoin from its growing

Indonesia as far as I know does not prohibit bitcoin, which I know Indonesia prohibits transactions through bitcoin,

I have read the news before, and it's not they banned bitcoin thorougly, i mean we can't access, or have bitcoin again. But they only banned the transaction using bitcoin, because they only approve rupiah as a payment.
It's still a good thing though, although it's just a hope to spend our bitcoin because there will be no way, no where to spend our bitcoin knowing the government already make the regulation.
At least we still can invest in bitcoin and make profits from it.

maybe this is why all chat rooms are quiet now ;D

Yes indeed they banned bitcoin, but for payment tools.
they do not banned bitcoin as a trading or investment tools.
So, it is not fully banned there.

The bankers and other financial intermediaries in Indonesia surely are very happy with the banning of bitcoins and sad for the INDONESIANS who were denied to experience the beauty of decentralized payment. But I think Indonesian government would realize in the future the many benefits that bitcoin provides to the people. This can be a classic case of banks protectionism. Indonesian were not given an option where to transact their money faster and cheaper.

I think the president has been thinking more about the development of this technology, it has been recognized the president of the republic of Indonesia, that the progress of world technology has entered so fast in Indonesia. from a presidential statement I think it's a smooth way for us bitcoiners in Indonesia to be able to make legal bitcoin in Indonesia in the future

I'm always wondering when different popular countries baning bitcoin. Indonesia will stop doing this to bitcoin when it will be accepted by hotels ;D trust me.

Until now I have not heard in the state of Indonesia a law that prohibits using bitcoin. only now to buy your bitcoin should be charged to start joining bitcoin, this is a new rule for the new ending. This is also done in other countries that want to buy boitcoin.

We should start seeing CC as something beyond government officials, governments all around the world have zero benefit in CC as it brings transparecny and taking control away from few big giants.
Despite ban by so many governments, CC is still progressing which is a positive sign.

The popular cryptocurrency is the latest technology to face a ban in indonesia after central bankers warned that it posed a threat to the stability of the national currency. The central bank wants to ban any tech company e-commerce site or the payment system that accepts bitcoin as a valid payment in Indonesia.

Instead of policing about people need to buy or invest it , authorities have to create a substantial environment for cryptocurrency - Which is emerging as new class of assets.

every new emerging asset has its own challenges, instead of banning it, they probably should try to regulate it.

anyways, Indonesia volume in BTC is negotiable, No reason to worry about this news.

In fact, Indonesia does not prohibit bitcoin, but it is more specifically forbidden bitcoin to be used as a tool of transaction. Because the Indonesian government does not have rules about bitcoin. There are only a few statements from Bank Indonesia that bitcoin can not be used as a transaction tool.

which is prohibited only purchase of goods such as clothes or food using bitcoin
because it has not been valid as a means of payment
but if invest bitcoin or tradco bitcoin is allowed with risk in its own responsibility