bering
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November 01, 2017, 03:01:09 PM |
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we already talking about this before at Indonesian Local board and there is misleading thought here that actually Indonesia doesn't ban bitcoin and if this is true i think there will be no more Indonesian people who being bitcoin users and Indonesian bitcoin exchange won't be available anymore because use bitcoin against the law but the truth is Indonesia central bank do not recognize as a valid payment instrument and not to recommend bitcoin for every physical transactions but use bitcoin still allowed in this country
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Oceat
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November 01, 2017, 05:49:04 PM |
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Yes, It's the same situation in Vietnam too, the goverment already made a law that prohibited guys who use bitcoin as the official payment and you could be busted by using it at a method payment.
Even though that's true, the ban only applies to situations where people try to use bitcoins to make purchases online. It doesn't apply to to people owning and saving bitcoins so I think this is rather very fortunate for the bitcoin network because the news didn't even affect the price as a whole. Yes, it is true. such regulations only prohibit the use of bitcoin as a valid means of payment. because the government does not want to bear the worst risk if it happens I think it's time for their government to recognize bitcoin and make it legal in their country because they do have a lot of bitcoin user's. And if the government is banning bitcoin for some reason i guess it's not that totally banned by which i mean is they just ban it because they were worried about of the their economy. I've read some of the news that the government don't recognize bitcoin because it doesn't have any natural value, but what their government doesn't know is that it is being used worldwide and the price is unbelievably increasing. |
3996
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Opquar
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November 01, 2017, 06:35:19 PM |
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I wonder what they're doing this for. For as long as adopters are registered and are doing legal business, why should they stop accepting bitcoin? Is it because it will be harder to tax? This is stupid, really.
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sofi@
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November 01, 2017, 06:46:28 PM |
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Same thing happens on China they won't accept bitcoin as a legal tender and it seems Indonesia does not like the idea of crypto currencies they are also afraid of manipulation that can take place if bitcoin will be use since they cannot control it maybe they are afraid that bitcoin can be use to enter their economy and make illegal things thay may not learn or prevent.
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zikabra
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November 01, 2017, 08:21:22 PM |
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Title is kind misleading, many countries doesn't see bitcoin as official currency and many countries doesn't see bitcoin as payment method, but also many countries said that if buyer want to accept bitcoin he can. Many countries doesn't really know what to do with bitcoin. |
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taktik
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November 01, 2017, 08:25:28 PM |
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Title is kind misleading, many countries doesn't see bitcoin as official currency and many countries doesn't see bitcoin as payment method, but also many countries said that if buyer want to accept bitcoin he can. Many countries doesn't really know what to do with bitcoin. The fact is that the official recognition of Bitcoin is a matter in many countries. Even if there are some prohibitions, they should not affect the overall state of affairs. I think that these are only legal moments inside the state but not the general picture of everything that is happening. |
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zeaderza
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November 02, 2017, 12:11:19 PM |
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Yes, It's the same situation in Vietnam too, the goverment already made a law that prohibited guys who use bitcoin as the official payment and you could be busted by using it at a method payment.
Even though that's true, the ban only applies to situations where people try to use bitcoins to make purchases online. It doesn't apply to to people owning and saving bitcoins so I think this is rather very fortunate for the bitcoin network because the news didn't even affect the price as a whole. Yeah all the people are believing the news but I think it is not true because the Indonesia is still using the bitcoin in some areas, I hope the news is fake and soon we will hear the Indonesia is using the bitcoin because the bitcoin users are still upset for the ban of the bitcoin in the chins and now this news made all the people really sad and upset so I hope the future will be better. |
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doomloop
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November 02, 2017, 03:28:19 PM |
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Well this seems like just more FUD that has been coming up the last few months. I dont know which country will be next but seems like every other country is going to spread FUD about bitcoin. However they will accept it in future because fiat will not be able to run the economic needs to the people as the time passes. So then they will also swallow their words and accept bitcoin. I think that is not a ban, it's just BI doing its duty that official payment in Indonesia is using Rupiah, BI just want to give explanation To the citizens that they do not intervene on risk and negative impact of bitcoin
This may the case that the government wants people to be careful of their investments in the crypto market and that is why they released this article. However I still a feeling this is just more FUD. The government is paying the best and the huge level of bitcoin buy now almost the bitcoin is famous for the people who have the value and the importance of the bitcoin so if you are buying the bitcoin and the bitcoin, I hold the bitcoin and a lot of the other people are having the bitcoin as the side source of the money. So if the bitcoin will be the world currency as the best currency for all. |
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btcmayumana
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November 02, 2017, 03:59:33 PM |
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If that's true.
They are only worried that they can not take taxes from the trading of crypto currency transactions in Indonesia. They're still not ready to facing this era. Because technology is always changing ahead, the country should also participate in improvisation.
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streazight
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November 02, 2017, 04:10:38 PM |
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I think it's merely a warning that lacks effective enforcement. Still it's outright stupid by Indonesia taking a Bitcoin hostile stance considering that especially emerging countries have the most to gain from financial innovation in that regard.
The statement of doing something to those who defy the statement means bullshit. They are just going to end up missing out eventually and no one would apparently listen to them. If they are blind enough to look around them and see the adoption going on among their neighboring countries, then they really are just some bunch of ignorant set of leaders or they just do not want to stand the threat that bitcoin poses to them. |
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konco_kenthel
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November 02, 2017, 04:30:31 PM |
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doesn't look like the world central banks are too keen on letting their power and control over issuing currency slip out of their grasp. they're colluding to limit the power individuals have outside of their system and we're going to see more countries begin to implement the same restrictions across the globe before Bank of International Settlement (BIS) issues their own universal digital currency in 2018.
but why Bank in Indonesia very insist to ban transaction bitcoin to grow so if this problem really happened definitely will make the fate of the population also add more difficult because it is very difficult job search the real world later as successor. hopefully this problem will soon resolved and do not make great pressure to bitcoiner in the future. |
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Fatunad
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November 02, 2017, 04:52:39 PM |
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Its not actually surprising for this kind of news which i do already anticipated that some government would really act such thing which they would banned bitcoin and would threat its citizens to punish if they would plan to violate on such rules and regulations by them but i would say no matter how indonesia would decide to prohibits its citizens then im sure it wont really be completely stop knowing bitcoin transactions can be done underground or untraceable.If they would try to trace then its near impossible which they would realize later on that it is not really effective at all.They might not able to use on their country but yet they can still able to make money. |
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Tumanggor
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1xBit.. recovered their reputation
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November 02, 2017, 05:02:23 PM |
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I come from Indonesia so I know why our government banned Bitcoin, they are average old, so they still do not understand what is technology Blockchain  |
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mrcash02
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November 02, 2017, 05:20:50 PM |
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I come from Indonesia so I know why our government banned Bitcoin, they are average old, so they still do not understand what is technology Blockchain Well, that is the government the population chose, no? So are they average old too? Next time you will have a new chance to choose your representants, make sure to choose one that will be friendly to Bitcoin and its technology for the developement of your people as individuals. Bitcoin can be a good proposal for candidates and it can even decide a poll if Bitcoin is important for people in your country. |
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joganuts
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Gric Coin - Redefining Agriculture and Increasing
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November 02, 2017, 05:22:37 PM |
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I think now days countries are not ready to accept btc as they cannot regulate this space and would not like such things to exists which is not owned or controlled by them. Due to which the ban is being placed and I think this is a bad thing from the bitcoin space for future if it continues this way only.
It is quite hard to establish a government where it has circulation of inflation currency such as bitcoin , becasue just like you say governemnt or the whole country would not have enough power and strength to regulate crypto-currency in transaction or apart on their economical state. Some may result to low cost transaction or the total dump of the price of the local currecny becasue of the support for cashless transaction such as bitcoin or any altcoin. That may be the reason why Indonesia banned bitcoin but there are some point that they pass always the future not trusting on the system of the possible future money. |
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Cosbycoin
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November 03, 2017, 05:41:03 AM |
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Yes, It's the same situation in Vietnam too, the goverment already made a law that prohibited guys who use bitcoin as the official payment and you could be busted by using it at a method payment.
Even though that's true, the ban only applies to situations where people try to use bitcoins to make purchases online. It doesn't apply to to people owning and saving bitcoins so I think this is rather very fortunate for the bitcoin network because the news didn't even affect the price as a whole. Yes, it is true. such regulations only prohibit the use of bitcoin as a valid means of payment. because the government does not want to bear the worst risk if it happens Those who are afraid of bitcoin at this time I am sure they will praise bitcoin and future as Indonesian thinks that their culprits are using it they can freeze their assets so that they cannot use it, don’t give punishment to the whole region if some of individuals are involved and bitcoin is the main way to the bright and developed future for every region so banning it is saying goodbye to progress and profit. |
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Rajamuda
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November 03, 2017, 06:09:56 AM |
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I belong to the one of this citizens, and I don't really concern about it, it's okay, also I don't think at all.. with that news, Bitcoiners Indonesian will be reduced, it's not very influential I guess. Bitcoiners Indonesian is still a lot, and there are still many people who can still sell bitcoin to regular currency, including me.
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valvevow
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November 03, 2017, 06:44:05 AM |
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That's all in this country have ended crypto-currencies. I wonder who's next, I watch the trend the waterfall went. It is seen not all as well as they tell us and there are pitfalls and problems in their application. |
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Hell-raiser
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November 03, 2017, 08:32:38 AM |
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I come from Indonesia so I know why our government banned Bitcoin, they are average old, so they still do not understand what is technology Blockchain Maybe, they are afraid of losing their grip on power? Well, that is the government the population chose, no? So are they average old too? Next time you will have a new chance to choose your representants, make sure to choose one that will be friendly to Bitcoin and its technology for the developement of your people as individuals. Bitcoin can be a good proposal for candidates and it can even decide a poll if Bitcoin is important for people in your country. This may not be as easy as you think. I'm not even sure that the Indonesian people are allowed to choose their "representatives". Have you ever thought that they might not have a say in such matters? Not that people's opinion is worth much anywhere in the world, but in this case it may matter even less than that. They obviously have an authoritarian government which can outright ban Bitcoin without a second thought that it just proves how authoritarian they are. |
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thinair
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November 03, 2017, 08:35:30 AM |
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The title is bad. This is NOT A BAN; it is just an advice. Even an online retailer could accept bitcoin as "exchange" for goods as long as there is no explicit legal ban. |
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