Post
Topic
Board Bitcoin Discussion
Re: Indonesian Government Banned Bitcoin
by
CodyAlfaridzi
on 03/12/2017, 02:59:55 UTC
as long they still not force to close the local exchanger, i think nothing to worry about it. even we can't adopt it as payment but at least trading activity still allowed in Indonesia, it is already good

There is a chance that they will force Bitcoin exchange to close. This time is different, they clearly mentioned that no financial firms should process Bitcoin-related payments, including banks. Now if banks aren't allowed to process Bitcoin related transaction, how will the exchange received and send IDR to user?

I am Indonesian, after about 6 years living with bitcoin life, mining, trading and join bitcoin community, from mining and trading i got more income and others benefit but what  happen now? bank central of indonesia will ban bitcoin, Fucking stupid  Indonesian government

https://news.bitcoin.com/indonesia-media-urge-bitcoiners-to-cash-in-ahead-of-coming-crypto-ban/?utm_source=OneSignal%20Push&utm_medium=notification&utm_campaign=Push%20Notifications

Again and again, a news about indonesian banned bitcoin. You know what ? I'm also indonesian and this news is not that big here in indonesia, even mainstream media here don't show a news about bitcoin, you are the one who stupid here. It's just a normal news and bitcoin still can be used here.

Don't be ignorant. Read the news, it's all over the places

http://ekonomi.kompas.com/read/2017/11/29/180600526/bi-larang-fintech-dan-e-commerce-gunakan-bitcoin
https://id.techinasia.com/bank-indonesia-tegaskan-larangan-bitcoin/amp/

It doesn't matter - Indonesians will still buy, hold and sell.

It does matter a lot. How could we buy and sell if the banks and all payment system service providers aren't allowed to process Bitcoin-related IDR transaction? We will be forced to sell and buy Bitcoin over-the-counter (off exchange). That's a huge drawback considering our biggest market currently has a daily trading volume as high as $15 million