According to the laws “Cryptocurrency is not legitimate payment instruments under the Constitution, Bank Indonesia Law, and Currency Law.” Governor Perry Warjiyo said in the virtual seminar on Tuesday, June 15, 2021, that the central bank of Indonesia has banned financial institutions from accommodating cryptocurrency as a means of payment or other financial services tools.

Bank Indonesia governor also explained that to ensure financial institutions conform to this policy, the central bank will mobilize field supervisors.

This is not the first time, on 7 December 2017, Bank Indonesia issued a regulation banning the use of cryptocurrencies including bitcoin as payment tools starting 1 January 2018.

Source: https://azcoinnews.com/the-central-bank-of-indonesia-bans-cryptocurrencies-as-payment-tool.html