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Showing 10 of 10 results by KryptoCGN
Post
Topic
Board Legal
Re: Is Bitcoin illegal in Indonesia
by
KryptoCGN
on 20/06/2018, 00:53:26 UTC
Thank you guys! Yeah the local board is very helpful Smiley
Post
Topic
Board Bahasa Indonesia (Indonesian)
Re: Is Bitcoin illegal in Indonesia
by
KryptoCGN
on 19/06/2018, 02:26:48 UTC
Terima kasih!
Is it possible / safe to use coinbase.com, binance and kucoin too?
or should i stick to the local exchanges?
Yes, it still possible, and you can use another exchange too. There's no restriction for it.
Most people in indonesia that use local exchange just for converting their crypto assets to IDR, or IDR to crypto. Because local exchange support local payment and easy to use.

okay thanks, that is good to hear. So maybe i can stick to my common exchanges from my home country Smiley
Post
Topic
Board Bahasa Indonesia (Indonesian)
Re: Is Bitcoin illegal in Indonesia
by
KryptoCGN
on 19/06/2018, 02:00:54 UTC
Exchanging crypto is still allowed here, you're just not allowed to make any payment with crypto. The biggest Indonesian exchange is indodax.com so that's my recommendation. However, you need to comply with their KYC procedure before making fiat (IDR) transaction.

Terima kasih!
Is it possible / safe to use coinbase.com, binance and kucoin too?
or should i stick to the local exchanges?
Post
Topic
Board Bahasa Indonesia (Indonesian)
Is Bitcoin illegal in Indonesia
by
KryptoCGN
on 19/06/2018, 00:58:51 UTC
Hey  Smiley
Iam currently studying on Bali. Iam thinking about buying some new bitcoins or altcoins.
But i cant find clear statements about the legal situation in this country.
So is it possible to buy bitcoin here ? Or is it illegal and it is dangerous to buy it here ?
Which exchanges are safe to use ?

Thank you for your answers! Terima kasih Smiley
Post
Topic
Board Legal
Re: Is Bitcoin illegal in Indonesia
by
KryptoCGN
on 18/06/2018, 16:10:32 UTC
You can buy and sell Bitcoin with fiat, but you can't use them to pay for anything. For as long as you don't use them to purchase goods/services, you should be fine.

Source:

The regulation, however, only prohibits the use of cryptocurrencies as a payment tool, and does not regulate activities such as bitcoin mining and trading.

As a sidenote, you can't use any foreign currency to buy anything within the country in normal circumstances either, so this isn't specific to Bitcoins or crypto. The Rupiah is their only legal tender.

You can't use them in order to buy anything means you can't use bitcoin in oder to buy altcoins, right?
Post
Topic
Board Legal
Re: Is Bitcoin illegal in Indonesia
by
KryptoCGN
on 18/06/2018, 15:58:16 UTC
You can buy and sell Bitcoin with fiat, but you can't use them to pay for anything. For as long as you don't use them to purchase goods/services, you should be fine.

Source:

The regulation, however, only prohibits the use of cryptocurrencies as a payment tool, and does not regulate activities such as bitcoin mining and trading.

As a sidenote, you can't use any foreign currency to buy anything within the country in normal circumstances either, so this isn't specific to Bitcoins or crypto. The Rupiah is their only legal tender.

Terima kasih! (Thank you!)
Post
Topic
Board Legal
Topic OP
Is Bitcoin illegal in Indonesia
by
KryptoCGN
on 18/06/2018, 09:55:50 UTC
Hey  Smiley
Iam currently studying on Bali (Indonesia). I thinking about buying some new bitcoins or altcoins.
But i cant find clear statements about the legal situation in this country.
So is it possible to buy bitcoin here ? Or is it illegal and it is dangerous to buy it here ?

Thank you for your answers! I will reply in about a hour.
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] FACETER – computer vision surveillance technology
by
KryptoCGN
on 19/02/2018, 11:26:57 UTC
I like the Faceter-project. I think the security sector has a lot of potential and every Aspect of the ICO seems to be nice and credible.. So I invested
I wish u and ur team all the best!
Is the verification necessary to receive the token?  Grin

Verification does not cause you any hard and FACETER stores all your data securely and never shares, it is mainly to verify the identity and in real time to avoid fake accounts as the service is reputed they might be facing some scammers to copy Faceter code.
Ok Thanks for the Information. I will verify My Account  Grin
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] FACETER – computer vision surveillance technology
by
KryptoCGN
on 16/02/2018, 19:07:09 UTC
I like the Faceter-project. I think the security sector has a lot of potential and every Aspect of the ICO seems to be nice and credible.. So I invested
I wish u and ur team all the best!
Is the verification necessary to receive the token?  Grin


While there is this method exist than it will be important for all investors to pass KYC procedure but I didn't see something wrong with this method. In current situation promising projects don't want to take any kind of risk that is why they are implementing this.

Ok thank you. I dont see sth wrong with this too. Iam just asking - iam pretty new to ICOs 
Post
Topic
Board Announcements (Altcoins)
Re: [ANN][ICO] FACETER – computer vision surveillance technology
by
KryptoCGN
on 16/02/2018, 18:52:44 UTC
I like the Faceter-project. I think the security sector has a lot of potential and every Aspect of the ICO seems to be nice and credible.. So I invested
I wish u and ur team all the best!
Is the verification necessary to receive the token?  Grin