Indonesian Central Bank: Banned Bitcoin

TL;DR:

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

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Here’s an update:

https://www.crowdfundinsider.com/2018/01/127063-cryptocurrency-ban-bank-indonesia-halts-usage-digital-currencies-including-bitcoin/

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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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