Indonesian Ban

[Chairul Muttaqin]

every country has its own policy, some will regulate and embrace bitcoin and  some are not. most advance country are  capable and easily understood the importance of bitcoin as cashless system to their citizens, mostly in Europe they are now launching a Bitcoin ATM what i observed that countries with terrorist prone area like Indonesia are fearing to adapt bitcoin because they think that bitcoin will be exploited by the terrorist group and that's my opinion. Central Bank concern as just secondary.

even in Indonesia there is only little issue of terrorism. you can compare with terrorism in France or wherever isis there.
BI (central bank of Indonesia) said that they prohibit Indonesia's citizens to use bitcoin as payment for protection.
although 'risky' of bitcoin about illegal transactions is one of the reasons as well

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[szpalata]

every country has its own policy, some will regulate and embrace bitcoin and  some are not. most advance country are  capable and easily understood the importance of bitcoin as cashless system to their citizens, mostly in Europe they are now launching a Bitcoin ATM what i observed that countries with terrorist prone area like Indonesia are fearing to adapt bitcoin because they think that bitcoin will be exploited by the terrorist group and that's my opinion. Central Bank concern as just secondary.

even in Indonesia there is only little issue of terrorism. you can compare with terrorism in France or wherever isis there.
BI (central bank of Indonesia) said that they prohibit Indonesia's citizens to use bitcoin as payment for protection.
although 'risky' of bitcoin about illegal transactions is one of the reasons as well

Well if the government is factoring the interest of his citizenry into this decision i think its best because many of these illegal guys are using our precious currency for many bad stuffs that we are not proud of and i think the Indonesian government thought through all the ramifications before effecting this ban.

[Best Dreams]

I think maybe bank indonesia is not ready and can not accept btc. But I believe one day btc can be accepted by the bank Indonesia. Why can I say it because I am sure that later that currency will change with electronic money, it is something that will happen sometime

It could be something like that. It could be possible that indonesian people aren't pursuing crypto as their government went into that decision. Anyway, life will goes on and crypto currencies were gaining more supporters to proved its power to dominate over fiat in field of online transaction. Maybe Indonesian government doesn't make feel with this, but believing they will bring back crypto in their backyard.

It is very obvious to me that if the government went through all of that to ban bitcoin then it is likely that adoption is growing in Indonesia and that is causing a discomfort in the government big enough to ban bitcoin, but like most bans it is going to be ineffective especially against something like bitcoin that does not have a physical form, so unless they can block bitcoin traffic, people from Indonesia will be able to keep using bitcoin as they want.

Well I think it’s not a big deal for bitcoin and I think bitcoin is now use to with these kind of challenges and now bitcoin don’t care about any banned because bitcoin have now a very big support by countries and some of them make bitcoin already legal so now bitcoin is very strong and powerful with high price the ever so nothing will happen to bitcoin.

[CoinFlippo]

I do not think that that is a bad thing because a lot of Indonesian people on this forum cannot even speak English and they get easy stakes just because they google translate their posts and put it in here or even when they write articles in Indonesian language.

[vv181]

every country has its own policy, some will regulate and embrace bitcoin and  some are not. most advance country are  capable and easily understood the importance of bitcoin as cashless system to their citizens, mostly in Europe they are now launching a Bitcoin ATM what i observed that countries with terrorist prone area like Indonesia are fearing to adapt bitcoin because they think that bitcoin will be exploited by the terrorist group and that's my opinion. Central Bank concern as just secondary.

even in Indonesia there is only little issue of terrorism. you can compare with terrorism in France or wherever isis there.
BI (central bank of Indonesia) said that they prohibit Indonesia's citizens to use bitcoin as payment for protection.
although 'risky' of bitcoin about illegal transactions is one of the reasons as well

BI didn't prohibit the use of bitcoin but BI stated that bitcoin and all other cryptocurrencies are not currency or legal payment instruments in Indonesia.

[ausbit]

That reads to me as there is an inherent risk associated with bitcoin its just a warning not a outright ban on bitcoin.

This is the bad news because it is not good to ban the bitcoin in Indonesia, I am really worried because at the start the china ban the bitcoin and now the Indonesia doing like this but the value and the price of the bitcoin can never get down because of this, the popularity and he value of the bitcoins is now increasing and the government of the Indonesia might be afraid of the paper moneys future.

It may work out any way in the long term. I mean the governments that choose to ban Bitcoin may make the situation in their countries even worse simply because they fight the wrong party. They might think that Bitcoin is their ultimate foe while they should actually try to improve the economic situation at home. By banning it, they might also think that they have solved their problems, while in fact they have just postponed them, if at all.

Governments are making the bitcoin in the whole world so I hope the bitcoin will give the beset of the money and this is the reason why a lot of the people are buying the bitcoin and they are selling it at the low price the income of the bitcoin is now very high and I can see the bitcoin increasing in the present and the tomorrow, I can see how fast the bitcoin is increasing and how fast the bitcoin I hope this will buy the bitcoin.

The possible reasons behind the ban put by Indonesian government are yet to b framed. They have taken a very wrong step at most crucial time. In my view the bitcoin has been banned because the national currency of the country is losing its value and they have tried to attempt for making the future of paper money safe.

It would affect the economy of the nation in a bad way and obviously the ban would get eradicated in the next few months as the china did.

[tailwate07]

Every country have own decision about bitcoin, they have own reason to ban bitcoin not tobe used on their region, bitcoin can still use on their region but government do not have obligation to protect user bitcoin.

I think Indonesian government is afraid of their economy because bitcoin decreases the use of bitcoin, thus discouraging the banking system. This procedure decreases the amount of tax people pay because when people use bank, the pay bank charges and also tax but bitcoin is helping people to get rid of banks and do all the work of bank free of coast. The government is worried about their economy but is not looking to the facilities that bitcoin is providing to the people.

[ceferov]

I don't think it's a big deal. In most of the countries only the fiat of that country is allowed to use when buying and selling goods.

[Temik2704]

Rather pity but quite expected. More and more countries are trying to control cryptocurrencies.
Glad to see that this new didn`t influence on BTC price at all.

[TastyChillySauce00]

Rather pity but quite expected. More and more countries are trying to control cryptocurrencies.
Glad to see that this new didn`t influence on BTC price at all.

It's mainly because they only ban the usage of bitcoin in the country as tools of spending or so called currency, Indonesia stated oftenly that they didn't recognize bitcoin as a legal payment method but rather giving their responsibilities to the respective users without law protections, it's fine to keep bitcoin as investment but for spending inside the country, it's prohibited.
The trading volume in the local exchanges itself still stay stable and not decreasing at all.

[Omega Weapon]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I'm afraid not for bitcoin but for them rather because they see things differently as we sees them. They say there is a risk, but does they think that there is no things existing without a risk. Risks are nothing compared to success. And if bitcoin can bring success to their community then why would you think for risks. I guess they are really against on bitcoin and they're just making some excuses.

Indonesian are doing wrong to themselves they are only seeing toward negativity but not toward the brighter side still improvements are under process and their concern will be sorted out but it will be late at that time, bitcoin is the leading way toward the development and progress and this coin has capability to give boost to the economy as well and banning it means saying goodbye to development and progress.

If they want to ban bitcoin let them they are the ones that are going to lose in the end, bitcoin is the future and there is no way to stop it and the more they resist the more painful it is going to be in the end since they are not going to get a lot of benefits that bitcoin brings, many times people talk about the benefits early adopters got but the benefits to countries that adopt bitcoin early are going to be huge as well that is why Japan legalized bitcoin because they understand this.

I think that their government got surprised by the popularity of Bitcoin in their country and, considering the bad financial situation, they are trying to control the market by banning it. Let's hope that tomorrow will be a better day.

But that is the issue, you control a market by regulating it not by forbidding it, now those that want to adopt bitcoin in a country where it is banned have to face a difficult decision of obeying the law or not, but if the situation in their country is really that bad then people are going to adopt bitcoin despite the risks, this is happening in countries where there is a deep economic turmoil.

[batang_bitcoin]

Rather pity but quite expected. More and more countries are trying to control cryptocurrencies.
Glad to see that this new didn`t influence on BTC price at all.

Expected that not all country will be pleased with the use of bitcoin. Others are overwhelmed and welcoming with the usage of bitcoin but not all of it will be good for using bitcoin and including it to their economy. If Indonesia is threatening about bitcoin it's because they can see that bitcoin is a big threat to their business as it is a decentralized currency where the gov't has no control.

[mailklue]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

I think this ban is only temporary, sir, I am Indonesian, so I know how the government of my country, they make this ban because they do not want to be responsible in case of obstacles with our bitcoin

[DIMKAZDS]

Indonesia ban bitcoin as a payment method in their country. The head bank Indonesia, Indonesia central bank has threatened action against  bitcoin or other CryptoCurrency holder if they use their virtual money as a payment method. In 2014 CNN first reported that central bank of Indonesia published a public notice that warning their citizens who use bitcoin. Bitcoin might be effect their economic,  so in the very last week governor of bank of Indonesia at jakata emphasize that Bi doesn't see bitcoin as an official payment tool in Indonesia so their is a risk that payment with bitcoin.

[Visbay]

Because the government there are very corrupt they know that bitcoin will be popular. and no matter what happen it will keep on pumping weither you like it or not. soon their government will realize bitcoin has something to do to their economy..

I think bitcoin is now use to with these kind of things and bitcoin know very well how to face these challenges so I think bitcoin now don’t care about any ban I remember when china banned bitcoin so he way bitcoin fight against china I will must appreciate and now bitcoin is very stable with high price in market so no need to worry about Indonesia.

[cluit]

Every country have own decision about bitcoin, they have own reason to ban bitcoin not tobe used on their region, bitcoin can still use on their region but government do not have obligation to protect user bitcoin.

Countries are afraid about their economy. Governments think that bitcoin would decrease the average economy of their country. They are doing right in one sense but the government seem to be selfish they don't think  that it facilitates the people and is helping them to do exchange easily and transfer money from one place to another but think only about the economy of the country. 

[btc78]

Indonesia’s central bank, has threatened action against bitcoin and say

I must emphasize that BI does not see bitcoin as an official payment tool in Indonesia so all people should know not to use Bitcoin as a means of payment. There is a risk.

Source of news https://www.cryptocoinsnews.com/bitcoin-banned-payment-method-adopters-will-dealt-indonesian-central-bank/

its a every governments right to know what is good or bad for the people and besides the government of Indonesia only warned their people not to use bitcoin as payments for transactions mean mining trading and gambling still allow.so we must not bother and just give respect to whats their governments think is better for the country

[edisystem]

I do not think that that is a bad thing because a lot of Indonesian people on this forum cannot even speak English and they get easy stakes just because they google translate their posts and put it in here or even when they write articles in Indonesian language.

Please don't generalize, indonesian people can speak english too.

FYI the news about bitcoin in indonesia here is not that big, people here don't even care about that news and bitcoin is not popular in indonesia. Indonesian people still can use bitcoin here and indonesia is not ban bitcoin.

[darewaller]

I do not think that that is a bad thing because a lot of Indonesian people on this forum cannot even speak English and they get easy stakes just because they google translate their posts and put it in here or even when they write articles in Indonesian language.

Lol, funny, so you mean because they don’t know English, that means they should be ban? Lol, I don’t think so. There are some people in Indonesia that are very good in English, despite that fact that most of them can be uneducated. By the way, they haven’t done so, they said it shouldn’t be used as a means of payment, so I think they will be allowed to just invest or trade in it.

[CuriousGeorge]

Every country have own decision about bitcoin, they have own reason to ban bitcoin not tobe used on their region, bitcoin can still use on their region but government do not have obligation to protect user bitcoin.

Countries are afraid about their economy. Governments think that bitcoin would decrease the average economy of their country. They are doing right in one sense but the government seem to be selfish they don't think  that it facilitates the people and is helping them to do exchange easily and transfer money from one place to another but think only about the economy of the country. 

To be frank, the users of bitcoin is always a minority in the entire parts of the world. Saying that it's selfish for the government to decide banning the bitcoin in Indonesia as the means of payment method just can't justify your statement. By allowing bitcoin, it will only facilitates small parts of community in their country while banning it and only use legal currency in their country could bring greater good for their economy.