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worldofcoins
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December 02, 2017, 08:07:32 AM |
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Another country that will be left in the dust, the problem with your government instead of doing research, they do what mostly normal people do, they listen to the neg rap. Governments are just people that are ruled with no brains.
Zimbabwe is proof that the people in society are even smarter then the government
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BlackPanda
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December 02, 2017, 08:10:00 AM |
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I did hear this information in several places. personally i am a person who is close to indonesia and i have not heard any official statement from indonesian government. It looks like an issue but should be kept in mind as there are several important elements that have supported this information. I am worried that the Indonesian government's stance will make Bitcoin a decrease in the price. We all know that Indonesia is one of the biggest markets of Bitcoin users today. The number of transactions in the country of Indonesia can be regarded as top ten. I may be more waiting for what the next step will be taken Indonesian government, the attitude of the Indonesian government will determine the development of Bitcoin in the country of Indonesia. In addition any decision made by the Indonesian government will at least affect the development of Bitcoin globally. |
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AngelSky
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December 02, 2017, 08:11:49 AM |
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I still find the people from Indonesia accepts the bitcoin selling in localbitcoins bro. Wait for authentic release to find in your news paper these kind of rumour will not be legit some time. So if you have any bitcoins now you please sell it out as soon possible and convert it as cash. If you find the people using bitcoin your country check all those you will get more information. Then still converting bitcoin to cash to not at all problem here. |
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pikebu
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December 02, 2017, 08:38:23 AM |
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Relax dude, even the government of Indonesia bans the bitcoin and any other related with bitcoin still there are way to cash out your profit from the bitcoin, you can sell bitcoin via skrill, neteller, localbitcoin and other way. I think the bitcoin be banned by government of Indonesia just will makes the digital coins will be crashed but it will not kill the bitcoin on Indonesian people, so let's think to get out from this problem and never blame the government of Indonesia, we just need change the strategy investment in the bitcoin and other digital coins, everything will be fine. |
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corroze
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December 02, 2017, 08:50:20 AM |
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To my knowledge, so far there has been no official decision from the government that declared a ban on the use of bitcoin in Indonesia, and unilateral declarations from banking sector Indonesia hasn't been realized by the government in this country. and i think it will take time for the government to consider and realize about Bank Indonesia's proposal for a ban on bitcoin. |
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squatter
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STOP SNITCHIN'
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December 02, 2017, 08:55:33 AM |
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Sorry to hear that. It's unfortunate, but also inevitable that some governments will try to ban cryptocurrencies. I wouldn't panic yet. I doubt the government is doing sophisticated packet analysis on your web traffic to detect Bitcoin network activity, and if they were, you can use VPN/TOR. You can continue to mine. You can probably still open an account at lots of brokers/exchanges. Some will prohibit Indonesians based on the ban, but you can use VPN/TOR for those that don't enforce KYC (Bitfinex, Bitmex, Wex, Binance, etc). The main issue is liquidating BTC to Rupiah to cover electricity costs. Withdrawing fiat money from exchanges requires KYC, so you might need to start trading P2P for withdrawals into your bank account (or Skrill, Neteller, Payza, Paypal, etc). There's a Currency exchange subforum for that, or you can check out Localbitcoins. |
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Kemarit
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December 02, 2017, 08:59:06 AM |
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Localbitcoins and OTC are your only options if indeed your country will ban bitcoin. I think you need to look at how Chinese doing it right now, although the Chinese government is putting a hard lined stance, the bitcoin community is still thriving and doing OTC trading. I'm not sure though if they banned and started to look at people doing bitcoin activity though, so I suggest you need to take some precautions. I'm really sorry for Indonesian bitcoin community because most of them have look at bitcoin as their main source of income so a lot of them are going to be affected by this news. |
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shinjunobi09
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December 02, 2017, 08:59:18 AM |
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Just one of their devious methods just to avoid having people's freedom in moving their money because they can't find a way to manipulate money in the bitcoin which is why they are banning because if they can't control something then its useless for some corrupt officials. In anyways mate I think it is not yet official so continue doing what your doing and cash out now while you can.
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savushkinTA
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December 02, 2017, 09:07:45 AM |
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Here is a reason: Governments, first thing they do is form a currency. They like to control the currency. Im from Belarus and i think in my country goverment dont know about BTC, but as soon as they find out they want to control it
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01asd
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December 02, 2017, 09:17:42 AM |
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Just one of their devious methods just to avoid having people's freedom in moving their money because they can't find a way to manipulate money in the bitcoin which is why they are banning because if they can't control something then its useless for some corrupt officials. In anyways mate I think it is not yet official so continue doing what your doing and cash out now while you can.
I'm Indonesian, and I'm a little bit anxious about this. But if you think back, people can always find ways to access and manipulate the government's boundaries. For example, such as porn sites, gambling sites, and various other sites that are considered dangerous and disturbing for the government. Such sites are blocked, but the fact is, nothing can really be blocked. And if I look at the comments of friends here, I think we can still take profit from Bitcoin and sell Bitcoin. We can sell Bitcoin to our fellow Indonesians, but we can also sell Bitcoin to foreign people and convert our Bitcoin into dollars. After the dollar, we sell our dollars and we can make money. |
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audaciousbeing
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December 02, 2017, 09:33:16 AM |
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Reading through the article suggests that the intending ban is going to be a massive one if successful. This will equally send a panic to the market over there but because the population of people country does not constitute a major bloc in the entire market, that is why we still haven't felt it. Before decision is made on whether you want to cash out, try to study how they intend to effect the ban because the painful thing is pushing you to sell then realising that they don't even have both the technological and human capital to push the implementation forward and the timing it will come to effect is equally important |
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crzy
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December 02, 2017, 09:38:12 AM |
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Why government needs to banned a great technology like bitcoin? Another country that ate trying to manipulate people. Just put your bitcoin in a safe wallet and for sure you can still use it in other country or later on Indonesia will finally adopt bitcoin. |
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dihari
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December 02, 2017, 09:38:24 AM |
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Bitcoin.co.id is the biggest exchange from Indonesia with more than $22m daily volume. And they have legality of the company that verified by the government it self. With this news, I see something weird when the government have issued the legality of a bitcoin company, and now they will ban bitcoin? They looks like not really did research on bitcoin.
As long as there's no official statement from Indonesian government, ignore it.
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reisuke24
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December 02, 2017, 10:02:00 AM |
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will ban, i dont think so. but it can be  government and the other still make research about blockchain, it have advantage to people or not. i see comment below: In Indonesia, the goverment bans pornography, drugs, alcohol & gambling, marking them as harams. But nevertheless, Indonesians are still watching porns using vpn and doing soccer gambling online, drinking alcohols quietly. Do Indonesian Central Bank really think that they can ban bitcoin? yes, smart people here will do anything to get profit, more profit. because we think the government is not fair to us. much corrupt but less punishment, different with chicken's thief that got many years in jail. fuck up |
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Passive Coin
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Passive Coin - low supply coin with backing fund!
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December 02, 2017, 10:34:55 AM |
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If they are not going to restrict Internet then simply use VPN service and keep, trade and move your Bitcoins or crypto via abroad based wallets & exchanges.
If you nee to get USD simply exchange your BTC to USD via e.g. Skrill.
Good VPN service is a powerful way to get access to services, restricted locally.
For example, a lot of countries block gambling websites locally but .... millions of people bet and gamble, using VPNs.
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themystick
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eHarvestHub
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December 02, 2017, 10:41:10 AM |
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It's bullshit  |
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carlowell
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Presale Starting May 1st
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December 02, 2017, 10:44:06 AM |
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Some countries are banning Bitcoin and Cryptocurrencies for one reason, they don't want their sovereign money to invest into a bubble item that is the volatility is high.
Imagine, the people will loose $10,000 in a blink just to own a single coin that is intangible.
They're not after with Crypto-Currency as the future of economy and trade, they just doesn't want to let their people loose their money and let western and European countries dissolve their money in the thin air.
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Dexion
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December 02, 2017, 10:46:05 AM |
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you live with bitcoin for 6 years and have earned income? woow .. that's amazing and makes me jealous.
commenting on your statement about the Indonesian government's attitude prohibit bitcoin, I think we need not fear and worry. because today we can still feel the result of bitcoin, by exchanging it to IDR.
as long as there is no firm rule of the government about ban bitcoin, we make a chance today to continue to mine bitcoin until our wallet is full.
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Thirdspace
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December 02, 2017, 10:51:53 AM |
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I looked this issue as a result and side effect of many ignorant Indonesia bitcoiners
many Indonesians, regardless how small or big their income, are evading taxes deliberately
and government see the potential of losing more tax income from mass wide bitcoin adoption
aside the obvious reason fear of laundering money and terrorism related usage
many Indonesian people (read: bounty hunters) keep telling themselves that bitcoin income is NOT taxable
and neglecting their tax duties/responsibilities while their income already past the yearly non-taxable income (PTKP)
their reason is based on the idea no regulation no tax and I keep saying where there is income there is possible tax
Yearly non-taxable income is similar to Standard Deduction in US tax law
FYI our yearly non-taxable income for singles is Rp.54 million ~ $4,150
if not mistaken US Standard Deduction for singles is $6,300 please any US citizen cmiiw
many Indonesians here do signature campaign & trading as main source income but refuse to report and pay taxes
I explained clearly in a few threads in local boards, PAY YOUR TAXES... or at least report and clear your tax matter
we bitcoiners should set an example as a law abiding citizen to pay taxes on our bitcoin income
The more Indonesian bitcoiners pay their taxes related bitcoins
The more attention the government will facilitate or discuss about bitcoin matter on the legislation level
Remember Tax will be and should be imposed on any bitcoin income and realized capital gain on bitcoin
my post started sound like a rant than a discusion... I'll better stop now
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bitkanu
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December 02, 2017, 10:52:49 AM |
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will ban, i dont think so. but it can be government and the other still make research about blockchain, it have advantage to people or not. i see comment below: In Indonesia, the goverment bans pornography, drugs, alcohol & gambling, marking them as harams. But nevertheless, Indonesians are still watching porns using vpn and doing soccer gambling online, drinking alcohols quietly. Do Indonesian Central Bank really think that they can ban bitcoin? yes, smart people here will do anything to get profit, more profit. because we think the government is not fair to us. much corrupt but less punishment, different with chicken's thief that got many years in jail. fuck up Well that's why decentralized can't be controlled by anyone even a government, you can secretly use bitcoin, but it's really unfortunate that this country banning bitcoin, are they never somewhat researched what is bitcoin and how they could make a decision to ban bitcoin while other country which obviously way ahead of this country already considering bitcoin as a commodity, opening a market for it, and even accepting it as a legal tender. |
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hkdfgkdf
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December 02, 2017, 10:59:21 AM |
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Don't let that happen. What will happen to the people who earn money from bitcoins and as their source of income? You should sign a petition for that. Im sure indonesian government will hear you out and hopefully they will totally accept bitcoins in your country.
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tr3yson
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December 02, 2017, 11:14:19 AM |
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Just one of their devious methods just to avoid having people's freedom in moving their money because they can't find a way to manipulate money in the bitcoin which is why they are banning because if they can't control something then its useless for some corrupt officials. In anyways mate I think it is not yet official so continue doing what your doing and cash out now while you can.
Yeah I agree, this is just a government strategy because they know that they can get nothing from this. Maybe giving their community false news about Bitcoin didn't work so they are doing another option. Since a lot says that this wasn't an official announcement, maybe this is just also a part of the fake news circulating in the crypto world made by those who want to take down Bitcoin. |
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pitham1
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December 02, 2017, 11:16:45 AM |
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Only countries which have an authoritarian mindset, or whose governments have really screwed up monetary policy, will be afraid of Bitcoin and try to restrict its growth. An open government will see that fintechs using Bitcoin bring efficiency to the system through competition with the legacy systems of existing banks. I expect more governments to act against Bitcoin, but that is not going to slow its growth. |
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TonyMark
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December 02, 2017, 11:30:35 AM |
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I think it is a bit old news, but yeah it is sad that the Indonesian government dont care about the people who are into cryptocurrencies.
May be it is too costly for them to handle the price of bitcoin because its price changes every minute and the main factor can be because of the value of the Indonesian rupiah.
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ogini
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December 02, 2017, 11:38:05 AM |
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In a statement,the central bank Governor Agus Martowardojo said that the top-dog cryptocurrency was not a legit means of payment and that if it utilized as such, action would be taken by the authorities,the government have not officially announcement the ban.
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jekjekman
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December 02, 2017, 11:53:29 AM |
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It is Bank Indonesia who is setting the regulations for the crypto currency, they are going to put a ban on it in 2018. Most probably their reason is because in their country almost 66% of their population don't have a bank account and tey are seeing crypto currency as a competition for their banking industry. This move to ban crypto currency will somehow force their citizens to become more actively involved in their banking system and at least limit their options.
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stompix
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Blackjack.fun
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December 02, 2017, 11:54:32 AM |
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We all know that Indonesia is one of the biggest markets of Bitcoin users today. The number of transactions in the country of Indonesia can be regarded as top ten.
Any source to back up this claims? I really doubt it. If they are not going to restrict Internet then simply use VPN service and keep, trade and move your Bitcoins or crypto via abroad based wallets & exchanges.
If you nee to get USD simply exchange your BTC to USD via e.g. Skrill.
Good VPN service is a powerful way to get access to services, restricted locally.
For example, a lot of countries block gambling websites locally but .... millions of people bet and gamble, using VPNs.
They are not banning bitcoin at internet level. They are banning everything related to bitcoin. The problem is that they have access to all banking accounts and they can easily see who is receiving money from abroad and from who. Exchanges use a limited number of bank account so it's pretty easy to learn who received or sent money from one. Worse part is that all usage will go down the drain as no restaurant/shop/hypermarket will offer the possibility to pay with coins. Bitcoins ATMs will be gone and paypoints will stop selling coins. E ban , if it's real and heavily enforced (and there is one crazy guy in power there) is nothing you can deal with a smile. I'm waiting for the official statements and for the law that describes the punishments. Will you still use bitcoin if the morons will charge you with 10 years in prison for that? |
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wjchong
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December 02, 2017, 12:20:01 PM |
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Sorry to hear that, Its really a very sad news.  |
BTC BTC MY SAFE HOUSE :- A home that can protect your wealth and life of your families during disaster. BTC
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cryptoroom
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December 02, 2017, 12:23:47 PM |
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Perhaps the government will change its decision after a while. Let's hope for it.
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Janation
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December 02, 2017, 12:25:14 PM |
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Another country is doubting bitcoin to it's future. Bitcoin may be volatile and decentralize but I think it may do good in the future when people are starting to use it in their normal or common transactions.
I don't think developers and other supporters will let bitcoin be the same when that happens, they will be having a lot of developments for sure that will help. They are just judging the bitcoin now, not what it will be in the future.
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GeePeeU
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ASK
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December 02, 2017, 12:26:54 PM |
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Could you provide a link to a news article stating this?
Also, How strict are internet rights in your country? I'm sure you could work around the ban if you desired so.
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Barcode_
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December 02, 2017, 12:28:11 PM |
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Here we go, another country that decided to ban bitcoin after China, but they should already realized that there is no way to stop people from using bitcoins for transactions online unless the government decided to stop the internet usage for the whole country, people could still easily sell bitcoins via other ways.
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mondobitcoin
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December 02, 2017, 12:28:51 PM |
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I can't understand why more and more countries are versus bitcoin, this isn't an illegal thing, it's only a digital cryptocurrency
Yes maybe is used for doing/pay illegal things, but it does not mean anything, the dollar is used too for this things.
The governments and financial institutes want to block our freedom.
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duyduc256
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December 02, 2017, 12:29:30 PM |
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I think this is a temporary act because most countries in the world can not ban Bitcoin and are watching Bitcoin as the trend of the world. If indonesia prohibits real Bitcoin, they are going against the trend of the currency
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pintudepan
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December 02, 2017, 12:42:36 PM |
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yes...sameme too
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akram143
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★777Coin.com★ Fun BTC Casino!
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December 02, 2017, 12:51:11 PM |
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Yeah it is really hard to digest because Indonesia is a big populated country if they ban bitcoin it may affect the price increase of bitcoin.Many countries started to oppose bitcoins due to its huge price increase in recent time they think that bitcoin will replace their national curreny so they are banning them.But still bitcoin can be used in banned countries because no one can trace bitcoin transactions. |
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bitfon
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December 02, 2017, 01:13:10 PM |
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Some countries allow bitcoin, some forbid. This is normal. Over time, they will allow, I think. And yes, it's foolish to put bans
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ForEasy.me пoмoгaeт aвтoмaтичecки и пo выгoднoй цeнe инвecтиpoвaть в Bitcoin и дpyгиe кpиптoвaлюты. Cтpaтeгия ycpeднeния paбoтaeт нa Bac. Haчнитe ceйчac!
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frowsiter
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December 02, 2017, 01:19:50 PM |
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I think this will not help the government in anyway. Because what we see here is random countries going down with the bitcoin. First was china, Korea, zimbamve and now the Indonesia. But anyway you should check whether there is OTC trading is allowed or not which has been made available to people of Korea now as alternative to the direct investment into ICO programs and stuff like that.
The thing is government will ban bitcoin but the trade will never stop in the country thats for sure. This actually create black spots within the countries, illegal trading of the bitcoin or more or less black market which everyone knows of. This way country’s wealth is ruined by putting into internet and then driving the market out of the country. People never pay the tax then, because it is illegal to use and thus it disturb the country’s economy in obvious negative ways.
So you see here they are actually creating the problem. And before my country’s government ban the tax they should really read my post here. Lolz!
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TTITA
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December 02, 2017, 01:21:25 PM |
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I live in Indonesia. This is still a debate, still a rumors. If anything happens, then there is nothing to worry about, except we have to move Btc assets from local exchanges to abroad. Another country that will be left in the dust, the problem with your government instead of doing research, they do what mostly normal people do, they listen to the neg rap. Governments are just people that are ruled with no brains.
I agree, they do what mostly normal people do, instead of doing research. Clearly, the government of Indonesia doesn't have the human resources to be able to adopt this technology yet. |
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burner2014
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December 02, 2017, 01:23:51 PM |
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Yeah it is really hard to digest because Indonesia is a big populated country if they ban bitcoin it may affect the price increase of bitcoin.Many countries started to oppose bitcoins due to its huge price increase in recent time they think that bitcoin will replace their national curreny so they are banning them.But still bitcoin can be used in banned countries because no one can trace bitcoin transactions. That is so sad to hear bro, poor guys they don't see what they will missed in the future, they just let it happen without analyzing things further although I know that they have studied it well, but still they don't want innovation. That is why we are so lucky in our country because our government welcomes bitcoin but of course with a great warned for the risk it will have. |
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sofi@
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December 02, 2017, 01:26:34 PM |
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This would be sad news for many Indonesian here in our bitcoin community but we cannot help some governments really thinks bitcoin is not good and that it will only harm the economy. Maybe in future time if they will see the development of crypto currencies and realize it can help a lot of people and even a country those country will un-banned bitcoin and rather support its market.
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Anniee123
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December 02, 2017, 01:28:42 PM |
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Actually, you can not blame the governments of your own country. You can also see another China in the developing world, where bitcoin will make a lot of capital flow into western countries, and the state must curb this trend.
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bustun101
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December 02, 2017, 01:29:08 PM |
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inb4 bitcoin crash
Either bitcoin will experience a correction from all the indonesians selling off their coins, or, they will simply find a way to circumvent the bans using VPN, Tor, etc. People will always find a way and now is a good time to research for ways to keep yourself anonymous online. Good luck my friend
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Btcvilla
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December 02, 2017, 01:31:48 PM |
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the decision is not final. and I dont think I care at all. I do not think it will have much effect on bitcoin stability if that happens. I dont think the bank will be able to manage what people want. only prohibit not by legal action. |
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mOgliE
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December 02, 2017, 01:36:36 PM |
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Actually... It is quite stupid from this government to ban it.. But it won't change anything in your everyday life. Bitcoin is anonymous so... You are actually not affected by such kind of decisions. I mean, of course it is better if you can operate legally but if not.. will nothing changes!  |
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Ariess
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December 02, 2017, 01:37:31 PM |
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for global effect I think it will not be so disturbing on the stability of bitcoin and other crypto. but I doubt what will be done by bank Indonesia. maybe they will ban and not be final. I dont know much about the law. but the ban is only on banks and not from the central government.
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Aryadwipanggah
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December 02, 2017, 01:44:58 PM |
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I'm not sure the Indonesian government will really banned bitcoin. I think this is just media maneuvering and jealousy of government banks because investors are already looking at bitcoin as an investment rather than depositing their money in banks that must be in taxes
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jakelyson
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December 02, 2017, 01:47:07 PM |
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This is sad news. But this is something that cannot be avoided since governments and banks can be threatened by the existence of bitcoin. And instead of getting in and collaborate with cryptocurrency to improve services, they decide to ban it.
But the most they can do is to ban the exchanges where you can exchange your bitcoin to fiat. But they cannot totally ban bitcoin because they have to shutdown the internet to do it.
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nightxglow
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December 02, 2017, 01:59:07 PM |
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What seriously!?? Nooo. I hope that they will accept bitcoin, knowing bitcoin is becoming popular know and many people depend on it.
But what now? Banned it? Damn it! My source of living is from bitcoin and what i'm gonna do if bitcoin is banned?
I even just start, haven't get anything great and valuable here.
I hope it's just fake news, or they will reconsider their decision.
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richardivan
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December 02, 2017, 02:02:48 PM |
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i have not heard any official statement from indonesian government.
There is not official statement yet about Indonesia government ban Bitcoin, even i didn't received announcement from the biggest exchanger in Indonesia about this restrictions. Although government ban Bitcoin we can use VPN and cash out using another method The number of transactions in the country of Indonesia can be regarded as top ten.
Number of transaction in Indonesia not in top ten, not even in top 100 (AFAIK) it's just around 0.15% from all transactions |
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btcdee
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December 02, 2017, 04:05:19 PM |
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Very disappointing. In recent years Indonesia was thriving towards being at the forefront of technology. They are even developing smart cities, a perfect match for blockchain technology use cases. World governments are starting to realize the magnitude of the global financial paradigm shift that bitcoin is. We can expect to read more and more news such as this and I wouldn't be surprised if the USA will try to put the final nail in the coffin. I have no doubt that in the long run they will all fail.
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Mometaskers
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December 02, 2017, 04:10:38 PM |
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The irony is that Indonesians are quite active here in the forum, recognizing the value of the cryptoindustry. Hopefully that is only a scare and wouldn't come to fruition. Do you already have alternative methods to encash your bitcoins? Obviously they'd close down exchanges to prevent bitcoins getting changed for fiat. I just hope our country don't follow suit. We are just nearby, imagine if all the other ASEAN governments get the same idea as Indonesia's. |
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weishao
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December 02, 2017, 04:12:14 PM |
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This is really a pity. Another country quit bitcoin. Bitcoin is recognized by more and more people. More and more people are willing to invest bitcoin. The potential of bitcoin is huge. More and more places are starting to accept bitcoin payments. I think that banning bitcoin in some countries is a wrong choice.  |
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fipper
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December 02, 2017, 04:15:52 PM |
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I think the Indonesian government is not banned of bitcoin, the Indonesian government only prohibits transactions using bitcoin because the risks posed are very large. and now the government has started studying bitcoin even though it is still an issue.
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carlowell
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Activity: 168
Merit: 10
Presale Starting May 1st
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December 02, 2017, 08:03:26 PM |
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Some countries are banning Bitcoin and Cryptocurrencies for one reason, they don't want their sovereign money to invest into a bubble item that is the volatility is high.
Imagine, the people will loose $10,000 in a blink just to own a single coin that is intangible.
They're not after with Crypto-Currency as the future of economy and trade, they just doesn't want to let their people loose their money and let western and European countries dissolve their money in the thin air.
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flashmark
Member
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Activity: 266
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December 02, 2017, 08:06:50 PM |
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I hope other countries not follow the Indonesia |
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salihno71
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December 02, 2017, 08:44:01 PM |
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Already seen. They don't fully understand it, they cannot control it so what do they do? They try to ban it. Somehow i get the feeling that the main problem here is the fact that the unbanked population could get the way to perform the transactions and it seems that someone might not really like this.
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ahmedjamal1998
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December 02, 2017, 09:54:11 PM |
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And here follows another useless fifth world government that doesn't know anything about ruling a country or economy but just decided to ban one of the few things that the indonesian people use to earn. I'm not from that region of the world, but I can clearly feel and sense the frustration of the Indonesian people. In fact, I'm sure a lot of them have invested in btc with all they own because there's literally nothing else they can with their lives. A lot of them work online with whatever abilities and skills they've got and get paid in btc because that's almost the only possible way to get money to their country. I cannot understand what their government is afraid of ? As if btc will bring destabilization to their economy or something  It's already so messed up. A single USD is equivalent to 13500 Indonesian currency. If btc does anything, it's bringing money into their citizens' hands which they spend in the country which means more money in the economical system. I'm not sure if it's just rumors or actually applied, but governments shouldn't ban something they have no idea about just like that. |
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anjaydut
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December 02, 2017, 11:02:32 PM |
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is it true what you say? Indonesian government bans bitcoin? but according to the news I heard the Indonesian government only prohibits citizens of Indonesia to conduct any sale and purchase transactions using bitcoin, because they have the official currency of the rupiah, so instead of banning bitcoin into Indonesia, only prohibit the sale and purchase transaction with bitcoin it.
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Baimovic
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December 02, 2017, 11:08:10 PM |
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my attitude toward the government is to close my eyes and close my ears. I do not want to care about the Indonesian government, and in my opinion the forbidden is more specific to the transaction, not the mining. and if at any time Indonesia be firm to miners bitcoin, I will act.
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jayc89
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December 03, 2017, 01:33:32 AM |
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That's nothing. The Government will eventually get the coin to be unbanned when they see the price gets to a range that makes the people seem like they can't purchase any coins. |
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TopT3ns
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December 03, 2017, 01:54:38 AM |
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as long they still not force to close the local exchanger, i think nothing to worry about it. even we can't adopt it as payment but at least trading activity still allowed in Indonesia, it is already good
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machinek20
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December 03, 2017, 02:01:05 AM |
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This is a bad news, and sometimes I dont understand how the government see the problem, bitcoin has helped so many unemployment and increase the citizen standard of living, but somehow they only see bitcoin as the token that help criminal, bitcoin maybe can become the future currency, if the government banned it, the country will be left behind
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steveabrahams
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December 03, 2017, 02:10:30 AM |
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Again and again, a news about indonesian banned bitcoin. You know what ? I'm also indonesian and this news is not that big here in indonesia, even mainstream media here don't show a news about bitcoin, you are the one who stupid here. It's just a normal news and bitcoin still can be used here. |
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Gabz999
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December 03, 2017, 02:16:46 AM |
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But why ? There are many people using bitcoin in your country, why they should banned it ? It seems that they don't want anymore to get involve in this type of economy? I realy don't see the cause why they want to banned it. I think, they now see the increasing value of bitcoin after how many years. If this bitcoin will just cause their economy to have an wealthy country then they should not ban this kind of currency. If this is fake, maybe the one who spread that news is one of the bitcoin investor, he/she wants to lower the price and spread fud. |
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centralbanksequalsbombs
Sr. Member
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Merit: 278
Bitcoin :open immutable decentralized global fair
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December 03, 2017, 02:56:55 AM |
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It doesn't matter - Indonesians will still buy, hold and sell.  |
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CodyAlfaridzi
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December 03, 2017, 02:59:55 AM |
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as long they still not force to close the local exchanger, i think nothing to worry about it. even we can't adopt it as payment but at least trading activity still allowed in Indonesia, it is already good
There is a chance that they will force Bitcoin exchange to close. This time is different, they clearly mentioned that no financial firms should process Bitcoin-related payments, including banks. Now if banks aren't allowed to process Bitcoin related transaction, how will the exchange received and send IDR to user? Again and again, a news about indonesian banned bitcoin. You know what ? I'm also indonesian and this news is not that big here in indonesia, even mainstream media here don't show a news about bitcoin, you are the one who stupid here. It's just a normal news and bitcoin still can be used here. Don't be ignorant. Read the news, it's all over the places http://ekonomi.kompas.com/read/2017/11/29/180600526/bi-larang-fintech-dan-e-commerce-gunakan-bitcoinhttps://id.techinasia.com/bank-indonesia-tegaskan-larangan-bitcoin/amp/It doesn't matter - Indonesians will still buy, hold and sell.
It does matter a lot. How could we buy and sell if the banks and all payment system service providers aren't allowed to process Bitcoin-related IDR transaction? We will be forced to sell and buy Bitcoin over-the-counter (off exchange). That's a huge drawback considering our biggest market currently has a daily trading volume as high as $15 million |
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novhitadaloma
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December 03, 2017, 03:15:18 AM |
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this news is not necessarily true, what I hear is the government only prohibits the transaction using bitcoin, not prohibit the use of bitcoin.
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Md Saad
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December 03, 2017, 04:12:40 AM |
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I still find the people from Indonesia accepts the bitcoin selling in localbitcoins bro. Wait for authentic release to find in your news paper these kind of rumour will not be legit some time. So if you have any bitcoins now you please sell it out as soon possible and convert it as cash. If you find the people using bitcoin your country check all those you will get more information. Then still converting bitcoin to cash to not at all problem here. So, Actually what is going on in this country? If Indonesia bans Bitcoin in their country then it's really a bad news for the Indonesian bitcoin holder, but it doesn't hamper on this platform directly. it may appear indirectly to discourage buy Bitcoin. But still a good news for the people of Indonesia that Government hasn't banned yet. so no worry. |
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trapp19
Newbie
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December 03, 2017, 04:21:55 AM |
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Indonesian government shooting themselves in the foot, think they do not even know how profitable venturing on bitcoin can be, or maybe they do and just fear it'll cripple the fiat based transactions that net their tax income revenue.
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Wyne
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December 03, 2017, 04:30:41 AM |
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dharnamonitor
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★Bitvest.io★ Play Plinko or Invest!
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December 03, 2017, 04:42:34 AM |
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Maybe they think that bitcoin may used in illegal activities like financing the terrorist, money laundering, and many more. I hope that this will not happen in my country though they already used an "open minded" approach with bitcoins and other cryptocurrency.
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Palmholder
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December 03, 2017, 04:56:25 AM |
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Indonesian government seems to be very strict in my opinion, I remember news release about one guy from Australia brought some weeds to indonesian airport, authorities wanted to jail him for about 20 years. But what is punishment to use or mine bitcoin for now? How cruel is it?
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Luckym7
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December 03, 2017, 04:59:37 AM |
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Still now i'm not hare to this news . so i'm not sure Indonesia Government Banned Bitcoin.
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deddod
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December 03, 2017, 05:52:01 AM |
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I think they have not completely banned Bitcoin yet. there are some regulations that need to be discussed.
but I hope there will be an immediate solution from the government.
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Malaya
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December 03, 2017, 06:03:34 AM |
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Bitcoin has been a powerful tool for people around the world to earn hefty amount of resources. People are gaining economically because of mining, trading and even joining bitcoin community like you do. Most of the banks especially central banks are being threatened by how bitcoin works and how people believe in it. But we know for sure that in time, it will continuously flourish as people will continue to believe in it. |
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loof99
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December 03, 2017, 06:37:44 AM |
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Indonesia does not prohibit or ban bitcoin in their country. They just worried about the bitcoin since in their country;
there are more than 80% Indonesian prefer cash-based and does not consider bank to manage their finance. Through this they just were protecting the interest of both parties
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dimastegar
Sr. Member
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Activity: 798
Merit: 251
Small Trader
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December 03, 2017, 07:23:01 AM |
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Sir, you do not have to worry if Bank Indonesia (BI) banned Bitcoin. And also until now there has been no official announcement issued by BI. Even if banned, Bitcoin will continue to run without problems. Even I was not bothered to hear the news. Keep calm and look forward.
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iqlimasyadiqa
Legendary
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Activity: 1596
Merit: 1011
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December 03, 2017, 07:32:22 AM |
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Sir, you do not have to worry if Bank Indonesia (BI) banned Bitcoin. And also until now there has been no official announcement issued by BI. Even if banned, Bitcoin will continue to run without problems. Even I was not bothered to hear the news. Keep calm and look forward.
The Indonesian government is still appealing and currently there is still no action. but according to information that the Indonesian government will make a decision in early 2018. It's just a moment away and we all have to be ready with the impact that will happen. because Indonesia is a big country and this can all have a significant impact for the development of Bitcoin globally. |
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Pettuh4
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December 03, 2017, 09:40:45 AM |
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Sir, you do not have to worry if Bank Indonesia (BI) banned Bitcoin. And also until now there has been no official announcement issued by BI. Even if banned, Bitcoin will continue to run without problems. Even I was not bothered to hear the news. Keep calm and look forward.
The Indonesian government is still appealing and currently there is still no action. but according to information that the Indonesian government will make a decision in early 2018. It's just a moment away and we all have to be ready with the impact that will happen. because Indonesia is a big country and this can all have a significant impact for the development of Bitcoin globally. I think these are all attempted spreading of FUD's to no avail. I don't know what many get from these evil manipulations and creations. It's nothing but a calculated attempt to reduce Indonesians interest in Bitcoin and if possible the whole world because this news has been spreading without any merit for a while now. |
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bit-emperor (OP)
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December 03, 2017, 11:48:21 AM |
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I did hear this information in several places. personally i am a person who is close to indonesia and i have not heard any official statement from indonesian government. It looks like an issue but should be kept in mind as there are several important elements that have supported this information. I am worried that the Indonesian government's stance will make Bitcoin a decrease in the price. We all know that Indonesia is one of the biggest markets of Bitcoin users today. The number of transactions in the country of Indonesia can be regarded as top ten. I may be more waiting for what the next step will be taken Indonesian government, the attitude of the Indonesian government will determine the development of Bitcoin in the country of Indonesia. In addition any decision made by the Indonesian government will at least affect the development of Bitcoin globally. in many online media in indonesia is much telling about indonesia government will ban bitcoin, yes, there still not official statement of government but i heard this ban will do in next year. i really surprise to hear from you that indonesia is one of the biggest market of bitcoin in the world, any source, i am glad and proud if it is a fact |
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bit-emperor (OP)
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December 03, 2017, 11:51:00 AM |
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Sir, you do not have to worry if Bank Indonesia (BI) banned Bitcoin. And also until now there has been no official announcement issued by BI. Even if banned, Bitcoin will continue to run without problems. Even I was not bothered to hear the news. Keep calm and look forward.
i believe bitcoin in indoneisa will still life even if the government ban it. the problem is when i want to exchange btc to rupiah, if the government also stop ther indonesian btc exchange like vip.bitcoin.co.id |
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bitfocus
Member
Offline
Activity: 532
Merit: 15
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December 03, 2017, 11:58:24 AM |
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that's really unfortunate for the government of Indonesia. I guess they will understand and act with some maturity, even countries like Canada appreciates bitcoin.
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oppasong
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December 03, 2017, 12:16:38 PM |
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If this will be enforced by the government then at least Indonesian people who have been in bitcoin, will experience a poverty Because the wider community already pays their income only in bitcoin.
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bit-emperor (OP)
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December 03, 2017, 12:27:28 PM |
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that's really unfortunate for the government of Indonesia. I guess they will understand and act with some maturity, even countries like Canada appreciates bitcoin.
i think the problem is because the indonesian government do not know much about "what is bitcoin" different from canada government seems they know much about bitcoin and its technology |
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Yaunfitda
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December 03, 2017, 12:31:13 PM
Last edit: December 04, 2017, 04:07:13 PM by Yaunfitda |
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If this will be enforced by the government then at least Indonesian people who have been in bitcoin, will experience a poverty Because the wider community already pays their income only in bitcoin.
I don't know what extent bitcoin has been to Indonesians, but I will assume that most of them are really looking at bitcoin as a day job because they are really earning profits from their trading and signature campaigns here and they even getting as high as x2 of their average monthly salary. So in my opinion, it will really put a lot of Indonesian on a situation that their main source of income will be gone when they government decided against bitcoin. It will be tough to face that situation. It will be a very unfortunate event for them. But just like what the Chinese did after their government put a clamp, OTC or localbitcoins would be a good options for those Indonesians who want to continue with engaging in bitcoin trade. |
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bit-emperor (OP)
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December 03, 2017, 12:35:46 PM |
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Sir, you do not have to worry if Bank Indonesia (BI) banned Bitcoin. And also until now there has been no official announcement issued by BI. Even if banned, Bitcoin will continue to run without problems. Even I was not bothered to hear the news. Keep calm and look forward.
The Indonesian government is still appealing and currently there is still no action. but according to information that the Indonesian government will make a decision in early 2018. It's just a moment away and we all have to be ready with the impact that will happen. because Indonesia is a big country and this can all have a significant impact for the development of Bitcoin globally. yes i think indonesian government will impose this regulation by 2018, that is a nightmare for me of course i think for many bitcoiners from indonesia. as we know indonesia is the 4th largest population in the world but i think even if this regulation impose i think this will not be affect for bitcoin price globally |
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BCTS
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December 03, 2017, 12:38:30 PM |
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If this will be enforced by the government then at least Indonesian people who have been in bitcoin, will experience a poverty Because the wider community already pays their income only in bitcoin.
Now canceled, after a time, again all will return into place. As the world of cryptocurrency now has a very big influence, they will simply be unable to ignore it. |
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alfs75
Full Member
Offline
Activity: 392
Merit: 100
platform for everyday business
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December 03, 2017, 12:53:57 PM |
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Maybe there's are the reason why they have banned bitcoin in your country ,maybe they have a purpose to make it legalize and pay taxes properly for the community income. But as you said that only the bank of indonesia banned bitcoin but not finaly implemented it's only an announcement,so the bussiness is still going on and nothing affected. |
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Painbird
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December 03, 2017, 01:18:14 PM |
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very shocking new for bitcoin lover but everything will be fine. if Indonesiann government banned bitcoin then that wast simple trouble for bitcoin becouse bitcoin popularity all world wide not a fixed county. most of the young peoples in world interested about bitcoin,so intention is clear next genaration wants bitcoin that's why bitcoin can't be stop finally.
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johstacy
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December 03, 2017, 02:06:36 PM |
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If you mine bitcoin, then you need to be careful. I understand that the police can take equipment and start a criminal investigation. Once in Indonesia bitcoin is declared illegal. Money on exchanges and purse is certainly safe. But I do not understand such a strategy of the government.
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Wulanayu
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December 03, 2017, 02:26:03 PM |
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Has the government already sent an official letter about the ban bitcoin in Indonesia.
this seems to be less convincing news, as I know indoneaia have official official bitcoin sites bitcoin.co.id and indonesia also include the top 10 bitcoin users whether true bitcoin will be banned in indonesia, what is the reason that makes bitcoin will be banned in your the country.
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jancukiyah
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December 03, 2017, 11:00:16 PM |
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The price of bitcoin is too high now, that's why Indonesian government plan to ban bitcoin. Maybe it's just Indonesian government strategy to make the users of bitcoin in Indonesia pay taxes for government. For me it's ok, don't worry because we can connect with bitcoin from internet connection, as long as we can connect with internet we always can earn bitcoin.
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family934
Member
Offline
Activity: 70
Merit: 10
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December 04, 2017, 08:26:15 AM |
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Indonesian government take a fool step, they think about the bitcoin really against while the bitcoin is a very good for their people and good for the government also. Bitcoin will make rich their citizen which will increase their economy of the country so they take a foolish step to ban the bitcoin
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Kirias
Newbie
Offline
Activity: 23
Merit: 0
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December 04, 2017, 08:48:22 AM |
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I was like "Dude really". Again government "Great job"  |
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TheGodFather
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December 04, 2017, 08:50:44 AM |
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This has something to do I think with how bitcoin and cryptocurrency i China had also been banned. Some countries are following suit and are also thinking about if the pros of ot far putweigh the cons of integrating it to their economy and having it used by the populace |
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joycigar
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December 04, 2017, 09:02:39 AM |
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might be banned, maybe not
who knows if it's just a hoak story or something
if it is indeed prohibited
there are still many ways to withdraw funds to rupiah
its core do not worry
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NetDetective
Newbie
Offline
Activity: 52
Merit: 0
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December 04, 2017, 09:03:46 AM |
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Yeap, this will be this way for all these country's were they goverment are criminals, instead of doing regulations, they shutdown the coin. |
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Opquar
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December 04, 2017, 09:28:36 AM |
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Indonesian government take a fool step, they think about the bitcoin really against while the bitcoin is a very good for their people and good for the government also. Bitcoin will make rich their citizen which will increase their economy of the country so they take a foolish step to ban the bitcoin
Bitcoin has actually never been proven to be good for economies. It is true that this closes the door for their people to do trading tho, so there are missed opportunities there. |
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Activitycoin
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December 04, 2017, 03:16:30 PM |
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Sir, you do not have to worry if Bank Indonesia (BI) banned Bitcoin. And also until now there has been no official announcement issued by BI. Even if banned, Bitcoin will continue to run without problems. Even I was not bothered to hear the news. Keep calm and look forward.
It’s not a big deal for bitcoin its normal and bitcoin don’t care about any ban because bitcoin have already faced a lot of challenges in past and nothing happen to bitcoin it’s still very strong and popular then before because some rich countries have accepted bitcoin and they support as well so if traders and investors have increased so its mean bitcoin will be more strong then ever and these kind of ban can’t do anything so no need to worry about anything. |
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bitvalak
Sr. Member
Offline
Activity: 854
Merit: 267
Leading Crypto Sports Betting & Casino Platform
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December 04, 2017, 04:12:51 PM |
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according to the information and statements of the finance minister, the Central Bank of Indonesia does not prohibit the circulating bitcoin but only warns the public that bitcoin can not be used as a legal means of payment in the country because it is not in accordance with the rules applicable there. In addition, most people also do not necessarily use bitcoin as a means of payment in Indonesia, on average they use bitcoin to be exchanged into the form of currency of the country and some are using it as a means of payment, but online payment already received bitcoin type. So I think it's not a serious problem, because it takes a long process also so bitcoin can be one of the legal means of payment recognized by the government. We see the next 5 years, what kind of development because the role of the community is also very influential.
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Harley29
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December 04, 2017, 06:30:12 PM |
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bitcoin don’t care about any ban because is past bitcoin have already faced such a problem in shape of ban and now bitcoin is meatier and know very well how to handle situation so I think bitcoin is now very stable and safe nothing will happen to bitcoin and in a replace of Indonesia and china some rich countries have accepted bitcoin which give more energy to bitcoin and I believe that in coming time bitcoin will be more strong. |
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Dani33
Member
Offline
Activity: 128
Merit: 10
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December 04, 2017, 06:41:43 PM |
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This is a bad notice, i hope that the indonesia government consider it again and they will understand that it is the future.
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Sengoko
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December 06, 2017, 07:23:02 AM |
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I think this is a temporary act because most countries in the world can not ban Bitcoin and are watching Bitcoin as the trend of the world. If indonesia prohibits real Bitcoin, they are going against the trend of the currency
Indonesia is doing wrong with itself and its citizens and banning bitcoin meant to cut off from the technology and the modernization and bitcoin has no effect on its prices while they banned it but they will feel regret in future because economists are saying that bitcoin will be the future coin and that will not be easy for them to re consider their decision and I think they must hold ban now otherwise they will lag behind. |
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steven.spearman
Member
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Activity: 221
Merit: 10
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December 06, 2017, 07:36:44 AM |
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The Indonesian government is afraid of the presence of bitcoin, just like any other country. They are afraid if their main money so worthless, because we know the price of one bitcoin can be to buy a car though.
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redsuncrypto
Newbie
Offline
Activity: 101
Merit: 0
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December 06, 2017, 08:06:18 AM |
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bullshit Indonesia, Vietnam and other country goverment banned BTC. They have no brain and have to regret very soon |
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stellgod
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December 06, 2017, 11:07:57 AM |
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that's really unfortunate for the government of Indonesia. I guess they will understand and act with some maturity, even countries like Canada appreciates bitcoin.
Indonesia will surely lag in economy In future because they did wrong to themselves and I don’t see any valid reason for them to ban bitcoin and what happen china banned bitcoin is still surviving bitcoin has no effect on its prices and bitcoin is not slave of any region and those countries who are banning it will come again and will beg to join again and the regretting time of Indonesia will start soon when whole world will be gathering profit. |
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s31joemhar
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December 08, 2017, 05:01:59 PM |
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Actually the government of Indonesia deos not banned bitcoin because they think it is illegal. They do this thing since most of their fellowmen prefer cash-based system where not suitable for the concept of BItcoin.
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bit-emperor (OP)
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December 09, 2017, 04:40:38 AM |
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still there is no official announcement from the government of indonesia, seems it is only a rumour, but i heard that the government only ban bitcoin if it is using for payment, mining and trading will not be ban
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Vannie12
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December 11, 2017, 09:29:52 PM |
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Only countries which have an authoritarian mindset, or whose governments have really screwed up monetary policy, will be afraid of Bitcoin and try to restrict its growth. An open government will see that fintechs using Bitcoin bring efficiency to the system through competition with the legacy systems of existing banks. I expect more governments to act against Bitcoin, but that is not going to slow its growth. I must agree with you. For each time that a government bans bitcoin and may somehow lower the prices in the market it will only give others a chance to be involved in cryptocurrencies. A specific country is not necessary to claim that bitcoin is growing with its contribution. Like for example China. They may have the most traders and miners influencing the industry but still bitcoin grew without them. |
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Rludd
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:31:55 PM |
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I think it is just government strategy to avoid having people's freedom in moving their money because they can't find a way to manipulate money in the bitcoin and because they know that they can get nothing from this. Maybe giving their community false news about Bitcoin didn't work so they are doing another option. Since a lot says that this wasn't an official announcement, maybe this is just also a part of the fake news circulating in the crypto world made by those who want to take down Bitcoin.
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Bamel
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:32:18 PM |
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Banning and laws don't do anything for a system that was created solely to liberate and give back freedom to the People. If anything the black market will further profit from Bitcoin in Indonesia.
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Amial
Newbie
Offline
Activity: 28
Merit: 0
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December 11, 2017, 09:32:38 PM |
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Well if more Governments ban Bitcoin , this is good for anonym coins like Onion. But in my opinion you can t ban Cryptocurrency , people will always find a way to use their crypto coins , no matter what the government says.
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KingScorpio
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December 11, 2017, 09:32:51 PM |
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Another country that will be left in the dust, the problem with your government instead of doing research, they do what mostly normal people do, they listen to the neg rap. Governments are just people that are ruled with no brains.
Zimbabwe is proof that the people in society are even smarter then the government
the government isnt stupid they try to protect their cartel, and their power, why work for money like the stupid citizen have to do when you can simply make it out of thin air? cryptos are in a zero sum game with central banks, you cant ask the froggs when you want to dry a swamp, thats against their interest. but i think you can be sure indonesian government wont win this...thats for sure. |
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Kesecer
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:33:11 PM |
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Well if more Governments ban Bitcoin , this is good for anonym coins like Onion. But in my opinion you can t ban Cryptocurrency , people will always find a way to use their crypto coins , no matter what the government says.
Once something becomes illegal is when it peaks the interest of others. Human nature tends to make people curious about things you're told not to do although early on in the game it is still to early to think about any implications that may be disastrous to BTC as they have no direct correlation. |
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Usine
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:34:10 PM |
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nothing a bribe or two won't fix! The law is only the law if you haven't paid your way out of it yet. Guess the Polri (police) force is about to get a whole lot of btc for free.
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Renr
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:35:55 PM |
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These are bad news if it's true but at the end the people will any way use Bitcoin no matter if government bans it or doesn't ban it... I don't see it as something that would threat the BTC price to get lower or to anything bad happening to BTC because of this.
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Aneelal
Newbie
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Activity: 14
Merit: 0
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December 11, 2017, 09:38:50 PM |
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fk the fking government! who are they! those fkers are attacking our freedom
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Giric
Newbie
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Activity: 14
Merit: 0
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December 11, 2017, 09:39:03 PM |
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Banning Bitcoin does not mean that they couldn't use the technology behind it for for example smart cities like you said. They just would use it then in a gouvernment monitored way probably, at least this would be still an option.
Anyways, this is of course again a hard strike against the crypto world. I could imagen that they would go an similar way like China, which will lead into a more regulated way in the end.
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Stianyd
Newbie
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December 11, 2017, 09:39:15 PM |
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Indonesia... they won't be able to do shit to your crypto currencies... peopel who are good at crypto currencies are also able to use VPN's/ and will still be able to use cryptocurrencies
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Rludd
Newbie
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Activity: 28
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December 11, 2017, 09:51:15 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
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Bamel
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:51:37 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Good luck my friend. You're a hero for standing in the way of those evil tyrants. It's people like you who are the reason crypto will be able to get enough of a foothold over the powerful corrupt and change the world for the better. |
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Amial
Newbie
Offline
Activity: 28
Merit: 0
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December 11, 2017, 09:52:01 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Good luck my friend. You're a hero for standing in the way of those evil tyrants. It's people like you who are the reason crypto will be able to get enough of a foothold over the powerful corrupt and change the world for the better. Thank you for your support my friend. Wishing you all the best from Indonesia. God Bless You. Wish us luck too! Happy trading bitcoin! |
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Kesecer
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:52:29 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
hahaha ... keep trading dude im indonesian and im with you |
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Usine
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:52:46 PM |
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Banning the whole Crypto currencies? This seems a type of useless as I don't how would that even work? How would they prevent everybody from not using the Crypto currencies? This is just like a situation that happened in my country some years ago when Youtube and Facebook were banned in the country but still the people were using both of them using proxies and nothing happened.
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Renr
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:53:06 PM |
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Banning the whole Crypto currencies? This seems a type of useless as I don't how would that even work? How would they prevent everybody from not using the Crypto currencies? This is just like a situation that happened in my country some years ago when Youtube and Facebook were banned in the country but still the people were using both of them using proxies and nothing happened.
Respect! Hold on to that spirit, my friend! |
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Stianyd
Newbie
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Activity: 14
Merit: 0
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December 11, 2017, 09:53:31 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Cash in? Not hardly. Get a hardware wallet is what they need to be doing. |
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Giric
Newbie
Offline
Activity: 14
Merit: 0
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December 11, 2017, 09:53:50 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Cash in? Not hardly. Get a hardware wallet is what they need to be doing. Yes in Indonesia they can. They can withdraw money from Bitcoin Indonesia online web trading using Bank Transfer. That's why the central bank goverment threatens to ban banks that support bitcoin transaction. |
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Aneelal
Newbie
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Activity: 14
Merit: 0
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December 11, 2017, 09:54:15 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Cash in? Not hardly. Get a hardware wallet is what they need to be doing. Just out of curiosity (and maybe ignorance), why a hardware wallet? Is that so you can keep sending/receiving (is a hardware wallet undetectable by ISPs and central authorities?)... as opposed to a paper wallet which might be useful to bury in the ground somewhere and create a treasure map to find it again. |
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Renr
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:55:21 PM |
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This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.
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Usine
Newbie
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Activity: 28
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December 11, 2017, 09:55:45 PM |
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This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.
Every fiat currency today is regulated by putting constant new amounts on the market. That way we get inflation. Inflation makes sure that everybody needs more money and keeps on working 40h or more, even if new technology should actually make us work less. Bitcoin doesn't have inflation. |
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Kesecer
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:56:04 PM |
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This is how I see it. Correct me if I am wrong. If a percentage of the population makes a large amount of money would that money not be put back into the economy of that said country? Or does the government worried that they are running such a shithole of a country that everybody's going to flee once they get a few dollars in their pocket? I believe it is for the better of mankind. Live the way we are supposed to live without the continual pressure of the government dragging everybody down and robbing them blind.
Every fiat currency today is regulated by putting constant new amounts on the market. That way we get inflation. Inflation makes sure that everybody needs more money and keeps on working 40h or more, even if new technology should actually make us work less. Bitcoin doesn't have inflation. This economic shift presents a bigger issue that needs to be discussed as a society. If we move to a financial system such as Bitcoin do we voluntarily pay taxes, donate to infrastructure projects or just let our roads/sewage/water plants and systems deteriorate? |
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Amial
Newbie
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Activity: 28
Merit: 0
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December 11, 2017, 09:56:33 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of |
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Bamel
Newbie
Offline
Activity: 28
Merit: 0
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December 11, 2017, 09:56:52 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly. |
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Rludd
Newbie
Offline
Activity: 28
Merit: 0
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December 11, 2017, 09:57:09 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly. The same corrupt country that sends people to jail for a lifetime for using or selling a medicinal flower (Cannabis) However rapists and killers are fine. |
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Giric
Newbie
Offline
Activity: 14
Merit: 0
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December 11, 2017, 10:03:22 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Cash in? Not hardly. Get a hardware wallet is what they need to be doing. Just out of curiosity (and maybe ignorance), why a hardware wallet? Is that so you can keep sending/receiving (is a hardware wallet undetectable by ISPs and central authorities?)... as opposed to a paper wallet which might be useful to bury in the ground somewhere and create a treasure map to find it again. Hardware wallet is to get your coins off the exchange. It makes them safe nobody can ever touch them. And it keeps the exchange honest. |
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Aneelal
Newbie
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Activity: 14
Merit: 0
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December 11, 2017, 10:03:39 PM |
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How are they going to crack down on Blockchain ? It is untraceable. There is really no way to keep anyone from benefiting from Bitcoin. These banks better just get with the times and update so they will not lose even more in the end..
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digaran
Copper Member
Hero Member
Offline
Activity: 1330
Merit: 899
🖤😏
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December 11, 2017, 11:03:55 PM |
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What a coincidence, more than 10 newbie beggars and all with 14-28 activity, you beggars think we can't see what you are doing? who is the boss of your account farming organization? let us join together, you with account farming organization could merge with my begging organization, we also have a growing community, our job is to post on every scam ICO thread and say good things for more effective scamming, I think you beggars above me are good at your jobs.
To Indonesian government, ban Bitcoin and beggars will start account farming and joining begging communities to earn more Bitcoins, don't ban Bitcoin and have your people to come to you to sell and buy their crypto, charge fees and earn money.
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lance04
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December 12, 2017, 06:38:47 PM |
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I think Indonesian government has a reasonable reason why they banned the company and management of bitcoin.
As what I read most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
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Javathon
Member
Offline
Activity: 169
Merit: 10
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December 12, 2017, 06:57:18 PM |
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Why would the government hinder the financial growth of other people, and why do they see bitcoin like a poison in the economy? It helped many people I know and there are more people who will benefit in bitcoin and in cryptos if the government will allow the circulation of cryptocurrencies. |
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cosmoo
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December 12, 2017, 07:02:29 PM |
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You must to leave this country, I don't know what else you can do. Move to country that accepted or will accept bitcoin in future. |
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retnoanjani
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December 13, 2017, 04:40:02 AM |
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actually the only prohibited to be used as payment, because the legitimate currency in Indonesia is only rupiah. so, the ownership of bitcoin investment is not prohibited, but the risk of loss etc. is not guaranteed by the government.
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ace4549
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December 13, 2017, 06:01:31 PM |
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The government always provide what is the best for the both parties and I think Indonesian government has a reasonable reason why they banned the company and management of bitcoin.
As far as I know most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
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jak3
Legendary
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Activity: 1274
Merit: 1004
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December 13, 2017, 06:19:14 PM |
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Instead of judging over the government of any country or their decisions I would like to accept the fact that Bitcoin has some defects which are harmful for normal citizen. Let's face the fact Bitcoin cannot beat cash till now because the transactions are very slow the fees are high and also people are getting scared frequently. All these points are enough to prove that Bitcoin is still now risky. Now let's talk about their decision as well I am sure government has thought about this decision before making it but it's true that Bitcoin has a lot of potential and is necessary to remove the corruption from any country.
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subSTRATA
Legendary
Offline
Activity: 1288
Merit: 1043
:^)
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December 13, 2017, 06:39:42 PM |
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Indonesian Central Bank is only bluffing. They dislike Indonesian people holding currencies other than rupiah. They don't want us Indonesian people benefiting or being rich from bitcoin. We Indonesians will not subdue to these centralized & corrupt scumbags. I still hold my bitcoins and my other alts. I couldn't wait what they are going to do next week.
Most govenments are missing it. Trump knows he cant stop it...hes just like we are watching the bitcoin. Cause knows the reality. But i this some gvt just say things they have no idea of Another suppressive country who's inhabitants specially need Bitcoin to free themselves from the tirany of their corrupt, control freak, selfish, extortionating leaders, who keep 98% of the population poor by enriching themselves shamelessly. and this sort of oppression is something that the idea of bitcoin goes against, resists even. the decentralization of bitcoin puts its strength in the numbers of its users, and prevents one single entity from taking control of the network without an unreasonable amount of effort and investment. ideally, i'd like to see bitcoin win over this sort of oppression, but it only goes as far as the people and users are willing to. that being said, im not too familiar with the indonesian government and how it operates, and this ban might not be the result of oppression, but bitcoin is fully capable of weathering through much more than this. |
theres nothing here. message me if you want to put something here.
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CrowdFunder
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December 13, 2017, 06:51:14 PM |
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actually the only prohibited to be used as payment, because the legitimate currency in Indonesia is only rupiah. so, the ownership of bitcoin investment is not prohibited, but the risk of loss etc. is not guaranteed by the government.
In other words trading and speculating is allowed but shops aren't allowed to accept is as a form of payment? That is still very restrictive but I don't think many physical shops in Indonesia were accepting bitcoin as a payment method anyway. |
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Karen23
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December 13, 2017, 06:52:24 PM |
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Do not worry, people in Indonesia who have bitcoins in their pocket will surely make a way to continue their bread and butter. Do not panic. If this is true and officially release their will be a crash for days or weeks but this will also good to some investors who will benefit the correction. So do not worry store your BTC. Do not sold them yet.
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enterprevic1
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★Bitvest.io★ Play Plinko or Invest!
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December 13, 2017, 07:07:23 PM |
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This probably happened because it helps aid money laundering
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Shenzou
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December 13, 2017, 07:51:00 PM |
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from what i understood in the article is that they are afraid of bitcoin being used in the wrong way, as bitcoin provides total anonymity to the person usi,g and banks and goverments will not be able to track down the money entering or leaving the country or wether it is legit or not, many countries are having the same prespective but some of them are afraid of it so they ban it, like maroco and indonisia and russia to name a few, and others relized that they are unable to stop it so they embrace it and try to use it for their advantages. |
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emberbekas
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December 13, 2017, 09:08:04 PM |
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As I understand, the government will ban the use of bitcoin as a means of payment. But to make everything clear, let's wait what the rules will look like. Whether we are still allowed to store bitcoin as an asset or not.
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HashieNewb
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CryptoTalk.Org - Get Paid for every Post!
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December 13, 2017, 09:23:33 PM |
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I think Indonesian government has a reasonable reason why they banned the company and management of bitcoin.
As what I read most of Indonesian are cash-based which they consider only cash in all traction which in this kind of trade bitcoin cannot survive because there will be small market that will cover their product.
If a government bans Bitcoin then it might look like they are trying to purchase Bitcoin without anyone openly knowing about it. |
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SHAWN-MIDWAYS
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December 13, 2017, 09:25:03 PM |
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I can only imagine how much time you have invested in cryptos and all the knowledge you have attained that can be passed on to others, this really is a blow to the crypto community in indonesia and the crypto world as a whole as this should have been used as a platform for financial litercy. From the article it sounds like digital currencies are extensively used in Indonesian such that the governor says the ban is done to maintain the sovereignty of the rupiah as legal tender  but afaik btc is in this equation as a supplementary. |
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chris molty
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December 13, 2017, 09:33:25 PM |
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How to take it? after china ... bad news starts for bitcoin?
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Karen23
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December 14, 2017, 04:19:54 AM |
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Do not worry, people in Indonesia who have bitcoins in their pocket will surely make a way to continue their bread and butter. Do not panic. If this is true and officially release their will be a crash for days or weeks but this will also good to some investors who will benefit the correction. So do not worry store your BTC. Do not sold them yet.
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Pasabm
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December 14, 2017, 04:38:21 AM |
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Let's wait what will happen if the Indonesian government forbids bitcoin. So far the government only claims that bitcoin is not a valid means of payment. What prohibition will they set, whether the bitcoin can not be used. Then how the fate of investors who invested bitcoin.
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habibruis
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December 14, 2017, 04:55:58 AM |
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Bitcoin does not care any government ban. We will support bitcoin forever. Let's support to bitcoin without any government abstractness. I hope all the governments of the world will be forced to approve Bitcoin one day.
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danggoron
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December 14, 2017, 05:31:17 AM |
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Let's wait what will happen if the Indonesian government forbids bitcoin. So far the government only claims that bitcoin is not a valid means of payment. What prohibition will they set, whether the bitcoin can not be used. Then how the fate of investors who invested bitcoin.
The Indonesian government forbids bitcoin to be used as payment, because according to the legitimate currency law is rupiah. however, I believe that the government will not completely ban it, because the government is getting interested in blockchain technology, and some big banks will adopt the technology. |
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MD Milon
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December 14, 2017, 05:58:55 AM |
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[quote aunow globally bitcoin user are increasing ,also in Indonesia.this government banned bitcoin,because of lakings of information,digital currency crashed,but ,now bitcoin popularity also so much in Indonesia.
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zais
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December 14, 2017, 06:42:32 AM |
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according to news news that i know indonesia will BANNED bitcoin 2018 .... i am native indonesi ... whether the news is true or just hoax wait for more news |
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icanscript
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December 14, 2017, 06:54:07 AM |
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You can not prohibit bitcoin. It's stupid to introduce laws that you can not control. There is no technical opportunity for the government to do this.
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maulana rifai
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December 14, 2017, 07:41:20 AM |
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if this news is true I am very disappointed and continue to cry, hopefully, the Indonesian government is not Banned Bitcoin. I will continue to pray that bitcoin will become more popular
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SastraID
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December 14, 2017, 07:43:44 AM |
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Im Indonesian and many people missunderstanding about Indonesia banned Bitcoin like China do u can still trading bitcoin and access any sites bout bitcoin like exchanger and easy to exchange bitcoin to Indonesian Rupiah but u cant make transaction with bitcoin like buy stuff with bitcoin |
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copoyes
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December 14, 2017, 07:27:32 PM |
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can not be sure to be banned or not because I live in Indonesia, it is again a lot of news about bitcoin, especially the Indonesian banks warned not to use bitcoin as a means of payment because it is still illegal, illegal in the sense still not recognized as a means of payment of store example or where online sales are prohibited to use bitcoin as a means of payment for substitute rupiahitu that is forbidden, but I also get the news that Indonesian banks want to try blockchain technology but still in wancana only
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easynote
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December 15, 2017, 06:18:15 PM |
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The Indonesian government is afraid of the presence of bitcoin, just like any other country. They are afraid if their main money so worthless, because we know the price of one bitcoin can be to buy a car though.
How many people here think that this will last long? I don't feel that the government will allow Bitcoin restrictions once it gets accepted in NASDAQ. |
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Arcejeff
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January 02, 2018, 05:43:48 AM |
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I'm sorry to hear that, but when time comes they change it.
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imoet
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homt.net
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January 03, 2018, 05:30:57 PM |
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I do not think that the Indonesian government will ban Bitcoin completely. As Indonesian citizen I know that this thing will occur but never occur as exactly as we thought. Maybe they will ban bitcoin from the payment system. There are so many things that government try to ban but it still exist and develop slow but sure.
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skyland999
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Wonderful World
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January 03, 2018, 05:37:27 PM |
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I've seen information that the Indonesian government only prohibits bitcoin users in transactions is not so? I myself am not very supportive with the Indonesian government statement related to ban bitcoin in Indonesia and I heard that banks in Indonesia will implement blockchain it may be good news for bitcoin Indonesia users |
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weblaraveluser
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January 03, 2018, 05:38:53 PM |
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There are always a reason for different country if they are going to ban bitcoins. I am lucky that bitcoins here in my country are allowed by governments to circulate and we have our own exchanger for the countries fiat. |
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OMGyasuo
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January 03, 2018, 05:48:29 PM |
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That is really bad news, but if still haven't made a formal decision then you should be happy and optimistic about that. You can still make a lot of money before btc is banned in your country. However, as I say you should be optimistic, maybe that will not happen. In my country there has been such information and now everything is fine. |
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Nexus77
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January 03, 2018, 05:53:57 PM |
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actually in indonesia do not prohibit bitcoin. because the prohibited thing is a payment transaction with bitcoin. the Indonesian government forbids it. but for other transactions our government does not prohibit
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removebeforeflight
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January 03, 2018, 06:10:38 PM |
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Haven't heard or read any official news about bitcoin banned in Indonesia. However, there's news that Australian banks have freezed accounts which has bitcoin transaction. But Australia government haven't done anything against bitcoin till now.
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Hobo66
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January 03, 2018, 06:16:10 PM |
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That is sad to hear about the government banning the
use of bitcoin in your country, other country have the
same situation about the banning of bitcoin, I hope
the governments in my country dont ban the use of bitcoin.
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todiefor17
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January 03, 2018, 07:10:04 PM |
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It's not just Bitcoin that is banned in Indoni but it is banned in many other countries including my own country. I also have more income than other people, but my country and my bank prohibit Bitcoin and will be very For a long time, I was also very upset about this |
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