Did you also tell the seller to transfer the stablecoins to a non-custodial wallet so that the exchanges cannot close his account on orders from the Indian government, or for whatever other reason?
It is not safe to store that large of a sum of money on exchanges, they could get hacked of their cold storage and they become insolvent and bankrupt after that.
He can still convert it to fiat and withdraw it to his bank account. Rp. 200,000,000 is not much and will be processed as a valid daily withdrawal or approved by our local exchange platform.
Your story sounds invented to me to be honest, since you don't mention how the transaction was legally recorded. And the fact that it is in a place where Bitcoin is illegal makes it even stranger.
You certainly know that bitcoin is no stranger to Indonesia, right? There are several local and international exchanges that I can use as a medium to transfer bitcoins from user to user and if this story is not convincing enough then please ignore this thread. I'm not going to try to convince you, so this is just a fairy tale for a little kid like me.
You do know that buying land requires documents and stuff right? And that it's not something you can easily tax evade? As if you're only buying buckets of soil lmao.
Lately I have seen several stories of this style that talk about using Bitcoin as a means of payment and it gives me that at least some of them have more to do with trying to get merit than with a description of reality.
Of course, the seller has the documents and this sale and purchase transaction is not as complicated as you think. I can still buy land using gold as a means of payment, exchange it for a car or barter for goods equivalent to the value of the land sold. So because I own the bitcoin and the seller accepts the bitcoin then the deal happens. I already have all the necessary documents, so this transaction has been completed.