[2015-06-19] Bank of Indonesia Discourages Use of Bitcoin

[tyz]

In a public statement, the Bank of Indonesia warned against the risks of using bitcoin and emphasized that it is not currency or a legal payment tool. The bank added that any risks incurred with owning digital currencies should be shouldered by its owners.

http://coinyoo.com/2015/06/19/bank-of-indonesia-discourages-use-of-bitcoin/

[unamis76]

Good thing they discouraged and not banned it from usage

[jbrnt]

That is expected. No central bank would encourage the use of bitcoin, and they are right to discourage its use because bitcoin is not ready for the average person yet. It is easy to loose bitcoin if you don't understand it well enough. Its price is too volatile to have a good store of value. At least Bank of Indonesia is not saying bitcoin is illegal, it is saying bitcoin is not legal tender.

[jjacob]

In a public statement, the Bank of Indonesia warned against the risks of using bitcoin and emphasized that it is not currency or a legal payment tool. The bank added that any risks incurred with owning digital currencies should be shouldered by its owners.

http://coinyoo.com/2015/06/19/bank-of-indonesia-discourages-use-of-bitcoin/

Fair enough. New users should know about the risks and safety precautions to be taken while using bitcoins.
A lot of central banks have expressed opinions similar to this. 

[tyz]

A ban will probably be the next step if they realize that a discourage will not work in any way.

Good thing they discouraged and not banned it from usage

[Muhammed Zakir]

A ban will probably be the next step if they realize that a discourage will not work in any way.

Good thing they discouraged and not banned it from usage

I don't think they discourage the use of Bitcoin to decrease amount of users. It probably was a fair warning.

[bryant.coleman]

Good thing they discouraged and not banned it from usage

It is not clear yet. In India also, the Reserve Bank of India (RBI) first issued a warning against the usage of Bitcoins. But then they issued directives to private banks, asking them to refrain from business ventures, which are related to Bitcoin. So although there is no Bitcoin ban as such in India, it is almost impossible for Bitcoin exchanges and other ventures to set up a bank account.