restaurant in bali closed

[Nahl]

i think they were closed not only because bitcoin forbidden in indonesia as payment tool because if this is the main cause then all they have to do is only switching payment method from bitcoin to indonesia local currency so in my opinion the cause why they were closed because this restaurant had lack of interest and people does not liked their foods

[yana0901]

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[OrangeSeller]

Let's make money on bitcoins together? Can someone share their experiences. I'm very interested in listening to others

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[papa-tata]

in indonesia legitimate payment only use national currency Rupiah,
USD previously been banned from use in indonesia unless it has been exchanged to Rupiah

[naikturun]

I am very happy if there is a country in which there is a culinary company or a restaurant that receives payments with bitcoin, although in the country prohibits bitcoin.
like in bali, there is a restaurant that receives payment with bitcoin, but a few days ago I watched a show on television that the security forces closed the restaurant.
why are the security so evil? they only use it for food payments, not for criminals. or do they equate bitcoin payments as a crime? it's very unreasonable.
what do you think about it ?

I see if the restaurant in bali has violated the rules in the country of Indonesia about the ban bitcoin. the country of Indonesia has issued a statement if bitcoin can not for means of payment directly but bitcoin can be for trading and exchange it with rupiah. so it is reasonable because the restaurant violates the rules that have been set.

[Uhde]

this is all they can do. they can close the restaurant but they can not stop blockchain technology. they can not stop blockchain technology to raise and become the main currency of the future. The governments will bitterly repent in the future because they of their actions against this technology.

[ciciteng]

Indonesian government is really afraid regarding this new blockchain technology. They are even releasing official statement and force anyone not to use crypto, especially BTC in a financial transaction.
However, the good news is, several days ago, their President, Jokowi is trying to look for the possibilities around this new technology. So, I guest there are will be some opportunities in Indonesia, so please stop spreading this FUD since the facts is they're *not* banning it. So, some local crypto exchange is still growing and health.

[Cryptalking]

I dont think its the security that is bad but more the authorities where the security works for. When i country says trading bitcoin is illegal and you trading bitcoin you know you can walk into problems like this right?

[hieuho381]

Indonesia is a country with quite difficult policies for bitcoin and cryptocurrency. But I think the ban will only increase the demand of the population and certainly will at some point take the measure to balance this. I can not understand why bitcoin offer so many great advantages in terms of payment and finance that countries still prohibit it. I think that these countries will be outdated by the world if they continue to prohibit such.

[YajairaSN]

Law is the law, it must be carried out. The Central Bank of Indonesia issued a press release in which bitcoin and other cryptocurrencies can not be considered a legitimate means of payment in the country! As a result, the Bank of Indonesia in conjunction with law enforcement agencies has begun inspecting companies that used bitcoin transactions rather than rupees.

[Lasvista]

I am very happy if there is a country in which there is a culinary company or a restaurant that receives payments with bitcoin, although in the country prohibits bitcoin.
like in bali, there is a restaurant that receives payment with bitcoin, but a few days ago I watched a show on television that the security forces closed the restaurant.
why are the security so evil? they only use it for food payments, not for criminals. or do they equate bitcoin payments as a crime? it's very unreasonable.
what do you think about it ?

I think the government banned it or force to be closed the such place , and my other conclusion is the bad image of bitcoin because as you can see , and we all know bitcoin uses on illegal stuffs so I think they banned it because of that , and lack of knowledge or understanding in btc , its quite sad though I'm planning to visit bali though.

[AVAMONEY]

This is a result of Indonesian government regulations restricting the use of Bitcoins as a means of payment. I see this is a good process, a process to get the public's attention that Bitcoin has been in the country and already in use, soon or later those governments will realize that Bitcoin is not harmful.

[Hans17]

I am very happy if there is a country in which there is a culinary company or a restaurant that receives payments with bitcoin, although in the country prohibits bitcoin.
like in bali, there is a restaurant that receives payment with bitcoin, but a few days ago I watched a show on television that the security forces closed the restaurant.
why are the security so evil? they only use it for food payments, not for criminals. or do they equate bitcoin payments as a crime? it's very unreasonable.
what do you think about it ?

I'm quite shock about this there is no reason to ban or closed the restaurant in bali, And it seems like they ban just by bitcoin, I look to some website or article and I found this look at it. And correct me if I'm wrong though, the link is down below. I hope that it would open again though cause the place of bali is shocking yet beautiful and a unique place to explore.

The link: https://news.bitcoin.com/crackdown-on-bitcoin-hits-businesses-in-bali/

[TheManofBTCs1]

I think bitcoin is not a payment method in general because of the high fees

[Minerall]

That was obvious. If a restaurant accepts bitcoins, but they're prohibited in the country - sooner or later it'll be closed, because it's breaking the laws of the country.

[jhonnydeep87]

This can be detrimental to the business and hinder the progress of the state should only oversee the bad things in the use of bitcoin done in money laundering or terrorist financing is not in the same level in the form of business. This may disrupt technological advancements should the state think about the advantages of bitcoin rather than its shortcomings.

[Alexis77600]

bali is a country that works a lot to the bribe if they closed these shops because of the btc is that they don't make money whith btc and it makes the local economy go down.