derekeaton
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August 06, 2018, 03:00:22 PM |
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The government forces people to use the national currency. It seems to me that it is not right to force people to use a certain currency, but this happens almost all over the world and in every country.
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NelfiNovita
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August 06, 2018, 03:04:48 PM |
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there is no definite assertiveness from the government, whether bitcoin is legal or illegal because of the difficulty of transactions using bitcoin in Indonesia and we consider it illegal. if bitcoin is truly illegal I don't think there will be any impact on us, even though the government prohibits users from staying on their stand because they are safe using bitcoin.
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noisybit
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August 06, 2018, 03:12:00 PM |
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in my opinion, bitcoin in Indonesia is not legal because the Indonesian government issued a regulation if all transactions in any form must use rupiah cash, in the past in Indonesia many sellers have offered payment using bitcoin but for now it cannot happen and until now even all types of transactions must use rupiah cash
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Kasliono
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August 06, 2018, 03:17:31 PM |
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In Indonesia, holding bitcoin as an asset is not illegal, but for doing the transaction such as buy and selling something by using bitcoin as a payment, that is illegal. In my view, it is not give a really big impact, because in Indonesia the people can still have bitcoin. |
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Domanity
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August 06, 2018, 03:18:06 PM |
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Yes I know that. And every cryptocurrency player who wants to shop, the people there sell their coins to the rupiah first.
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Gaurav11kb
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August 06, 2018, 03:22:07 PM |
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Countries may decide to ban the crypto but it doesn't affect the crypto market in the long term. Holders are strong believers and this kind of news doesn't affect them much. There are always some ways to trade with bitcoin/crypto in any country.
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ruthbabe
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August 06, 2018, 03:29:38 PM |
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Bitcoin in Indonesia is not legal yet, all buying and selling activities must use rupiah. In the past many sellers offered payment with bitcoin, now they can't. the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
Yes, you are right, but I think there's no negative impact. Although, the country's central bank, Bank of Indonesia, issued a regulation banning the use of cryptocurrencies including Bitcoin as payment tools starting 1 January 2018, the status of Bitcoin in Indonesia is legal. Activities such as bitcoin trading, holding, and mining remain not covered by the regulation. |
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Hudadahuda2018
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August 06, 2018, 03:49:37 PM |
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Bitcoin in Indonesia is not legal yet, all buying and selling activities must use rupiah. In the past many sellers offered payment with bitcoin, now they can't. the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
I personally think there will be no impact at all even the state of bitcoin in Indonesia is growing despite the illegal status of bitcoin in Indonesia. Indonesia is not a country that has large volumes in crypto transactions so I don't think that will affect crypto prices at this time. |
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bharal07
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August 06, 2018, 03:55:50 PM |
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We do not know if bitcoin is legally legal in Indonesia because it is not ours and is not broadcast on tv or social media. Otherwise, bitcoin in the Philippines is not legal.
I'm just wondering how much money I've spent on bitcoin and because of scams. But just know that bitcoin is legal.
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hinpoc.hin
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August 06, 2018, 04:04:52 PM |
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Bitcoin in Indonesia is not legal yet, all buying and selling activities must use rupiah. In the past many sellers offered payment with bitcoin, now they can't. the government has given regulations so that all trading activities must use the rupiah. will this be a negative or a positive impact?
nice thinking but in my opinion in indonesia bitcoin not illegal because bitcoin still use everywhare and everytime. and this is a natural impact for us . |
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Mofazzal840
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August 06, 2018, 04:06:11 PM |
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According to my opinion, Indonesia is same as almost all of the other countries. Bitcoin is not accepted by governments yet. Like Bangladesh. I hope that these countries may accept bitcoin after few days.  |
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boy130
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August 06, 2018, 04:11:26 PM |
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Countries may decide to ban the crypto but it doesn't affect the crypto market in the long term. Holders are strong believers and this kind of news doesn't affect them much. There are always some ways to trade with bitcoin/crypto in any country.
I agree with you. Many governments don't yet know how to regulate this sudden influx of digital currency which makes the matters all the worse but it shouldn't stop users from these countries to use BTC as it can be used outside of that country. |
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ismelda_ita
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August 06, 2018, 04:23:37 PM |
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The Government in Indonesia does not prohibit someone from storing and owning bitcoin. What the Indonesian government does is not wrong. They do that for prudence, maintaining business competition, risk control, and consumer protection. After all, the ban on transactions uses bitcoin to maintain the sovereignty of the rupiah as a legitimate payment instrument in Indonesia.
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Phatle1996123
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August 06, 2018, 04:30:07 PM |
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vietnamese dongbitcoin is also not legal
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Dr.2x
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August 07, 2018, 11:46:51 AM |
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It definitely won't affect the Bitcoin price in general though Bitcoin payment is illegal in Indonesia but bitcoin trading hasn't been banned and the government is still observing the situations. They might opt for regulating Bitcoin in my opinion. However, you can still make peer to peer transactions using bitcoin or use TOR if you are afraid of the government.
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gaurav82
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August 07, 2018, 11:52:48 AM |
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Not only Indonesia. Bitcoin has banned in many countries like India, Nepal and many more. But it still running with good growth rate. I think Indonesia is not major country. It may not effect Bitcoin.
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pat4cryptoreal
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August 07, 2018, 11:57:00 AM |
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We in the cryptocurrecy world have heard this type of news severally, so it does not move us anymore, it is only newbies in cryptocurrency community that will take to heel when he or she hears this type of news. So it will not make any impact.
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nexus5chetan
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August 07, 2018, 12:22:33 PM |
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Another feather added in the haters cap and when I hear such disgusting news it really makes me sick. I mean what the hell is happening around the world.
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soplo
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August 07, 2018, 12:32:04 PM |
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in Indonesia, bitcoin has not been legalized as a global currency, Indonesia still highly appreciates the rupiah, because Indonesia's central bank has announced that digital money cannot be used for transactions, but if it only invests in gold or shares it may not be banned, TV stations also report if bitcoin is full of risks and the government cannot regulate it.
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carlisle1
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August 07, 2018, 12:35:11 PM |
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OP said its not legal in Indonesia but he didn't said that it was illegal,just like in the Philippines the government wasn't legalizing bitcoon or cryptocurrency but theres no stand that this is illegal so meaning the government is neutral about crypto.maybe this is what OP want to say here |
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