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Author Topic: Indonesia’s Central Bank is Planning to Ban Bitcoin in 2018  (Read 651 times)
Aksiyon1
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August 11, 2018, 07:25:11 PM
 #121

As far as I remember, a lot of people in this country have invested in bitcoin.  For a long time this prohibition can not last.

They only prohibit payment by bitcoins in real life. In other words, they prohibit the use of bitcoin as a legal currency. But they do not prohibit the investment in bitcoin. So it almost didn't affect the investors. Actually, the ban is similar to my country, but investors and miners aren't affected.


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August 11, 2018, 09:06:08 PM
 #122

I dont think so
Despite banning bitcoin / crypto currency Indonesian goverment supporting it and will launching top 4th cryptocurrency future in late december 2018. Indonesia Central Bank also studying blockchain technology because blockchain is really prospective technology in the future
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August 11, 2018, 09:45:56 PM
 #123

They haven't done that at the moment. But if they do that would shake bitcoin a bit as BTC is not at his best time right now and domething like that will definitely affect it in a really bad way but I think that we need cryptocurrency thats why there will be always bitcoin and no matter how prople fight it as Indonesia just did bitcoin will always be resistant.

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August 11, 2018, 09:53:15 PM
 #124

What do they think they will win when they banned Bitcoin? They will not win anything. It is really interesting to try to prevent citizens from making money by investing.

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August 16, 2018, 02:49:00 AM
 #125

I would say they can't do it. They even didn't have any power to ban users. How could they stop technology? now days is modern and we need a good e-money like bitcoin. Even they block up the IP of users, we could do VPN or another IP changer to fake it out and access bitcoin site normally. Maybe they can ban it as a payment system on retail store, traditional business or vendor ets, but they can't ban it as an investment system. So just keep up the good work on these, and good luck.
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