Post
Topic
Board Bitcoin Discussion
Re: Bitcoin on The Island of Bali, Indonesia
by
justdimin
on 22/06/2023, 12:08:30 UTC
Why not, because Bali is a tourist destination that must be visited. Bali in other words can be called the island of the gods because the place is very beautiful like in heaven where the gods are. This is in my opinion.

Regarding the prohibition of crypto transactions, as a tourist, you should comply with the regulations in that country, there is a saying that says "Where the earth stands, there the sky is held in high esteem". Because each country has its own laws governing currency as a means of transaction. As far as I know, Indonesia only prohibits bitcoin transactions as a means of payment, bitcoin as an investment instrument, Indonesia does not prohibit it.

But in my opinion, the State should also not give sanctions to those who want to sell and buy using crypto, this is the basic right of every human being, as long as both parties agree. Because in ancient times buying and selling could be by agreement between the two parties to the transaction. For example, their agricultural products are exchanged for handicrafts from ceramic plates, jars, bowls, that is the individual right of each of them as long as they mutually agree and the government has no right to impose sanctions. Hopefully in the future Indonesia can implement a system like this, so that the country continues to develop following technological developments.
To be honest, as long as I do not live there, it doesn't bother me. Not like I will ever visit there because it would be financially silly, I haven't seen most major european cities, well in fact none of them yet, so I would rather spend that money on that, but the fact that I could means that I would not care about the laws of it at all. I would just focus on the situation a lot differently and I would not be able to actually consider that as a trouble.

I think it's quite important to remember that we should be considering these as no trouble as tourists, it's just not an issue, it's not regarding you, it's regarding their own citizens. You will be in an out, you won't stay there so why would it matter to you at all?