bitcoin banned

[shetza]

omg I am really surprised to hear this news. hopefully that does not really happen. I just a few days register in bitcoin. if so, what sanctions we get?

[xiaopang11]

I don't think it will be a large impact on the price of the currency, Indonesia's first of the world's currency trading volume is small, and second, the currency as a result of globalization, will not only affect a country

[supermine]

indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

I don't know whether they truly banned bitcoin or just regulated the crypto currency exchanges in their country.Nowadays lots of rumors coming around here that countries banning bitcoin but they are just regulating the exchanges so it is better to stop spreading fake news and if the news is true just provide the link of the official announcements.
I know only the Bangladesh recently banned bitcoins totally and if someone caught using bitcoins then there will be a severe punishment for them.But I didn't hear about Indonesian ban yet so wait until the official news.
But this kind of rumors will create down fall in the bitcoin price.

[DewiKirana]

If bitcoin is banned in Indonesia how does government sanction bitcoin players? It seems the Indonesian government needs time to regulate the laws and sanctions to be given. I am personally very helpful with the presence of bitcoin.

[Kulafu]

If we can philosophize a bit, what is it really a digital currency? Because the official definition of the government of the Republic of Indonesia does not exist when this article was created. We take the closest definition according to Law no. 7 Year 2011 Article 1 Paragraph 1 which writes, as quoted "Currency is money issued by the Unitary State of the Republic of Indonesia hereinafter referred to as Rupiah." And if combined with Law no. 23 Year 1999 Article 2 Paragraph 2, as quoted "Rupiah currency is a legal means of payment in the territory of the Republic of Indonesia". Of the two definitions of cryptocurrency is certainly not official because it is not issued by NKRI and not a legal means of payment.So the impact of a bitcoin ban on a country can be said to defend its own currency, in the presence of bitcoin they may fear the price of its currency is not worth anymore.

I think there is no law drafted yet to regulate the cryptcurrency.
BTC as now cannot considered as a currency it just considered as an asset just like gold. It is useful only when converted to cash though some market already accepting btc as payment.
Banning the btc is a government prerogative because there is no law regulate on it. Besides there are huge of money in btc which is tax free.
It can endanger the economy actually. Investor earn and spend huge money without a tax.

[anjaydut]

I am a citizen of Indonesia, and I have been working with bitcoin for several months now
the government is currently issuing a ban on bitcoin in Indonesia, what really happened? why so does bitcoin damage the banking system in this country?
I can not believe it, but with bitcoin we can mengruangi pengagguran
maybe they want rich themselves, we should not be rich

[placergold]

indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

I guess Indonesian government is too small to influence the bitcoin price, lol. US maybe.

[Kakmakr]

Remember the times when you were told as a child that smoking were not for underage kids. You did that, because it was "illegal" This is exactly what is going to happen in these countries. Their government is doing this to protect their own local piss ass currencies. < In this case the Rupia >

They have a population of +/- 261.1 million people on all those little islands and exellent tourist potential. <Bitcoin supporters will just use their bitcoins on other tourist destinations, where they are welcomed and turn their back on these Indonesian destinations>

The losers will be the Indonesian businesses and the government. <Loss in potential tax income>

[shezu007]

I am a citizen of Indonesia, and I have been working with bitcoin for several months now
the government is currently issuing a ban on bitcoin in Indonesia, what really happened? why so does bitcoin damage the banking system in this country?
I can not believe it, but with bitcoin we can mengruangi pengagguran
maybe they want rich themselves, we should not be rich

Well, Why your country going to ban bitcoin.? Is they don't want that their country people become rich.?
I think Bitcoin have no disadvantage to any country but should have advantages to all countries because all countries are getting money through BTC.
So all countries should need to give positive response to BTC.

[nobita shizuka]

I'm not too versed in the influence of the bitcoin banned in indonesia, but I am sure it will affect the world, because of the bitcoin user bitcoin in indonesia very much, even now many already know and step into the world of the bitcoin.

[Inkdatar]

indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

I guess Indonesian government is too small to influence the bitcoin price, lol. US maybe.

I dont think indonesian government has been a big influence that price becomes decreased. There are many reasons why affect the bitcoin. If one country banned bitcoin it will not influence the whole bitcoin process.

[target]

indonesian goverment banned bitcoin, affect the bitcoin price of the world ?

I guess Indonesian government is too small to influence the bitcoin price, lol. US maybe.

I dont think indonesian government has been a big influence that price becomes decreased. There are many reasons why affect the bitcoin. If one country banned bitcoin it will not influence the whole bitcoin process.

The number of cryptocurrency users will be lessen but I think it won't do harm to the community. There are just fear that some of the Asian countries will also be banning btc. It will really affect the rest, people from Indonesia are going to sell their btc for fiat. Will it ever be regulated like the will unbann soon? We'll never know. We can only wait for the Chinese to legalize it. 

[shaheer001]

No one can ban it the true example is of China which have banned but yet million of Chinese crypto lovers still trading.and i agree with jtbcoins arguments. If Bitcoin is traded in Russia,USA,Europe and Asia it will never go to decline.

[arthur25]

In my opinion bitcoin will continues its business even some country banned bitcoin. It cannot stop bitcoin. It's rule is strong and unstoppable.

[indopool]

maybe the Indonesian government has its own alesan to prohibit bitcoin,
but not an effect of bitcoin reduction, I'm sure bitcoin will continue to exist

[yohananaomi]

I don't think that ban will have a major impact on the BTC price. At most it could have minimal fluctuations for a couple of days only to recover quickly.

I also assure as it is, BTC is currently very strong and convincing for all in desperate need of BTC.
some countries may have started banning but I see just not making the transactions approved only, but for other transactions still running.

[ridwan99]

bitcoin is big digital business it is great...... why bitcoin banned???

[yohananaomi]

maybe the Indonesian government has its own alesan to prohibit bitcoin,
but not an effect of bitcoin reduction, I'm sure bitcoin will continue to exist

happy because we do not recognize and accept as a legitimate transaction, but our country does not prohibit and restrict for us to transact with bitcoin.
compared to some countries have started to ban bitcoin to be and be there.

[johnwest]

But how..? I dont know how any government could ban Bitcoin as we only need the Internet to use most of the cryptocurrencies. Everything else is decentralized and people can freely exchange with the help of open source wallets.

[MD Milon]

Now in the world Bitcoin is famous digital currency,its user number reached higher and higher.no one can stop it.no one can banned it..Bitcoin rules are so much strong and unstoppable.it has strong regularity authority of monitoring.also it has great future.