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Author Topic: Indonesia’s Central Bank is Planning to Ban Bitcoin in 2018  (Read 1191 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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September 27, 2018, 02:55:45 PM
 #126

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.




I agree with you and indeed what you say is true, the Indonesian government only prohibits bitcoin as a means of payment not for investment, but I hope for the future there will be crypto payments in my country.

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September 27, 2018, 03:08:04 PM
 #127

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.

agree .  they cant totally ban bitcoin and any other crypto because it is digital which means we can still access it using some anonymous tools like vpn and proxy adreses .

They maybe ban physical stores that accepts bitcoin as payment method but whats there point ?  i dont really understand why someone would hate bitcoin ? I mean bitcoin is verry legit and useful .

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September 27, 2018, 03:22:30 PM
 #128

until now indonesia not ban cryptocurrency for transaction but only restrict it, they (bank company) so fear about investor and entrepreneur not using their bank for asset

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October 03, 2018, 03:28:52 AM
 #129

Why would Indonesia actually ban crypto currency when it's neighborin countries are on board! Is this like a "I don't like to be mainstream" kind of attitude. Well i hope that they will allow crypto currency in their country or at least be indifferent about it. Because I know people there are invested on crypto currency.

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October 03, 2018, 06:48:21 AM
 #130

maybe because the level of corruption in this country is very high so the government is very scared if bitcoin is legalized or left unchecked there will be many irregularities that lead to negative things like money laundering, besides that it is still hampered because it is against the rules that apply because in this country only the country's currency Officially, the rupiah received as a legitimate payment instrument. This is unfortunate if it really happens, if fear controls this country, then when will this country advance? People in the central bank are not careless people rather than prohibiting for various reasons they should support and use their knowledge to find solutions and solutions if there are negative effects that will be caused, do not get me wrong bitcoin has taken a role in improving the economy of its people, many of the Indonesian people who have risen their standard of living by owning bitcoin, that's a reality and I watch it myself, so if I canthe proposal to the central bank, even if it would not be legalized, at least there should be no prohibition, it would be fine if everything went as it is now without restrictions and regulations but allowed

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October 05, 2018, 05:22:12 PM
 #131

perhaps the banks will be able to provide any General services and will be able to help better understand the payments

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October 05, 2018, 05:38:19 PM
 #132

The news is old, and it looks like another fake against the background of the ban on cryptocurrency in Asia. In Indonesia, cryptocurrency is still used today!

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October 05, 2018, 05:41:31 PM
 #133

Information about the ban on Bitcoin in Indonesia has released. But I have yet to see the country put forward ban policies and no specific action to halt the Bitcoin. But the sugar worries cannot affect us because they can not know who we are and what our trading code is.

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October 05, 2018, 05:54:53 PM
 #134

in fact until now the Indonesian government has not banned BTC and even mentioned that in the state meeting meeting I think that almost never, than I know even Indonesian banks are learning about blockchain, which has a good impact on the progress of crypto especially in the country Indonesia
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October 05, 2018, 06:34:16 PM
 #135

until now bitcoin is not banned in Indonesia, but the government provides information that bitcoin may not be traded, for example, such as buying rice using bitcoin is not permissible, because Indonesia now only applies one currency, the rupiah, the Indonesian government always commemorates people who want to invest in bitcoin because the price is volatile

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