Indonesian Central Bank: Banned Bitcoin


The Indonesian Central Bank has banned bitcoin as a method of payment. The bank claimed that bitcoin represents neither a legal nor a recognized medium of exchange and payment in the country. Indonesia has taken a hard stance against cryptocurrencies in the past. In 2014 the government prohibited their use in the country. The central bank at that time issued a warning against their use as legal payment tools, however, there was no hard enforcement. The new ban is believed to be behind the closure of Indonesia-based bitcoin payment platforms BitBayar and TokoBitcoin.

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OMG, what would this mean for the Inodnesia Bitcoin Exchange


Here’s an update:

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Shame to this. I’m unaware if it’s fully been ratified?

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To the FUD

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