Post
Topic
Board Bitcoin Discussion
Re: Bitcoin on The Island of Bali, Indonesia
by
yudi09
on 21/06/2023, 11:11:47 UTC
-snip-
with rules like this, do you still want to go to bali?
Bitcoin and other cryptocurrencies are not permitted to be used as a means of payment such as fiat currency in Indonesia and in all regions within the territory of the Unitary Republic of Indonesia.
The Indonesian government itself has regulated that Bitcoin and other types of crypto currency are only commodity assets. The government regulates all forms of rules and regulations through the Commodity Futures Trading Supervisory Agency (BAPPEBTI).

The case that went viral in Bali at that time was because one person accepted cryptocurrency as a means of payment for transactions and was arrested by the police.
I share the same thought with ETFBitcoin that spending Bitcoins to visit tourist spots is not a goal.