Indonesia bans Bitcoin

[endlasuresh]

They have to rethink about Bitcoin and Crypto Currencies as a lot of people involved in making money from Bitcoin. Banning will surely make their livelihood disappointment.
It is not good decision for them banning is not the solution to make something in country.

[veemon34]

the Indonesian government must have a good reasons why banned bitcoin in the country, but to slightly help the economy of its people, bitcoin may be one option. 

[lesya-ya]

“We will ban financial technology, e-commerce, and payment system services company that use and process virtual currency," Agus Martowardojo, the director of Bank Indonesia, told the industry news site Tech in Asia.

[12tribes]

While the government may have imposed a ban on bitcoin, you can be sure they will find a way to enter and participate in bitcoin and cryptocurrency in general.
The government (including high government officials) will not be daft to just see the opportunity of making big money pass them by.
This will by no means diminish the status and focus of the crypto world.
Best wishes Indonesia. 

[untugede]

hello Indonesian here,
the purpose of the article, or the intent submitted by the banks of Indonesia is the prohibition of transactions using bitcoin, so bitcoin is not yet valid for use as a means of payment, but there is no prohibition to invest

I hope also like that, hopefully in Indonesia there is no prohibition to invest in bitcoin, although currently in Indonesia can not legalize bitcoin but I hope there will be no prohibition for investment in bitcoin, there may be a separate reason why in Indonesia can not legalize bitcoin .

[Thadeous]

It's just a warning, similar to what was claimed in South Korea.
https://www.bloomberg.com/news/articles/2018-01-13/indonesia-warns-against-owning-selling-trading-cryptocurrency

[sinduarianto]

yes maybe people think about Bitcoin affect the economy of a country or affect the currency of a country.

[badungs]

I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..

yep
transaction using bitcoin is prohibit, but earning and having bitcoin is no matter.
you know, ordinary people will use their ability to kill much regulation that created by government. so no matter what they say we always stand

[bitcub]

Yup, thats correct. The government will not seized your precious cryptos, just keep it but you cannot encash it. I guess this is temporary, but if you want to encash your bitcoin. You can trade it with paypal in this forum.

I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..

[zais]

http://www.bi.go.id/id/ruang-media/siaran-pers/Pages/sp_200418.aspx     


https://translate.google.com/translate?sl=id&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bi.go.id%2Fid%2Fruang-media%2Fsiaran-pers%2FPages%2Fsp_200418.aspx&edit-text=

Bank Indonesia will prohibit payment transactions using bitcoin by 2018. This bitcoin prohibition will be regulated in a Bank Indonesia or PBI regulation that is planned to be issued in the near future.

[inanilujimi]

I do not know what the government of Indonesia to ban bitcoin.
to my knowledge it is unlikely someone has bitcoin but do not know the risks he has taken after have bitcoin.
because of the lack of knowledge of the Indonesian government so they forbid it.
I think this is too selfish.

[yuvaraja]

the government is not detail to explain which one is prohibited. thus making residents rowdy. and some of them are scared and sell their bitcoin.
making the bitcoin weaker and will strengthen even bounce back

[jancukiyah]

Don't worry anout this, because it's so impossible for government can ban bitcoin. Till now, what anyone know from where bitcoin can give you more profits? Indonesian government just want citizens who have bitcoin pay their taxes. Because as long as bitcoin exists, no one pay taxes for government. Pay tax is a indonesian government program.

[hitrawal91]

Right now i think they have not banned legally but they're taking some necessary steps against the bitcoin transactions which are going on in their country so that it may not affect their country central bank currency and economy. We have already seen many countries Like Nepal, China, North Korea taking steps like these just to provide the safety measurements for their country citizens and for their country's economy. I hope this thing will slowly go down once they and top-tier countries start accepting the cryptocurrency project with some good rules & regulations. I am expecting Japan, Russia, and the USA to start using crypto projects soon.

[Amitty8326]

I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..

yep
transaction using bitcoin is prohibit, but earning and having bitcoin is no matter.
you know, ordinary people will use their ability to kill much regulation that created by government. so no matter what they say we always stand

Hii everyone I am new on bitcoin talk

[noormcs5]

They have to rethink about Bitcoin and Crypto Currencies as a lot of people involved in making money from Bitcoin. Banning will surely make their livelihood disappointment.
It is not good decision for them banning is not the solution to make something in country.

Recently south Korea also banned the one of the biggest Korean exchange which contains 5% of the total bitcoins circulating around the world. We saw a dip in prices but it was not for long and price again begin to increase. The point to note here is that bitcoin is becoming a major digital currency and banning one country or one exchange wont have much impact on the total usage all around the world.

[Thadeous]

Yup, thats correct. The government will not seized your precious cryptos, just keep it but you cannot encash it. I guess this is temporary, but if you want to encash your bitcoin. You can trade it with paypal in this forum.

I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..

For government it's almost impossible to track Crypto owners nowadays.
All they can is to track huge amounts of power consumption and confiscate mining hardware.

[bisnisali04]

I as Indonesian people strongly disagree with the discourse of bitcoin ban by the government, because the government of Indonesia can not provide clear and logical reason about ban bitcoin. I can not believe the government in my country, why banned bitcoin, whereas bitcoin can make some people live.

[Ludmilla_rose1995]

whatever is in the mind of the Indonesian government, to want to ban the trade of cryptocurrency. but with the existence of this cryptocurrency, Indonesian society no longer live hard and no longer starve.

[yoseph]

Yup, thats correct. The government will not seized your precious cryptos, just keep it but you cannot encash it. I guess this is temporary, but if you want to encash your bitcoin. You can trade it with paypal in this forum.

I think indonesia does not banned bitcoin, it's just prohibiting transactions using bitcoin and not forbid to own or collect bitcoin..

For government it's almost impossible to track Crypto owners nowadays.
All they can is to track huge amounts of power consumption and confiscate mining hardware.

If that is the case how come the US authorities were able to arrest Alexander Vinnik for the theft of the bitcoins from Mt Gox in the first place. Bitcoin isn't as anonymous as we were previously taught to believe and i think it was one of the reason why bitmixer stopped their services.