The Central Bank of Indonesia recently issued a statement about curbing the use of digital currencies, which involves the use of cryptocurrencies, including Bitcoin.
Central Bank of Indonesia warns all parties Bank Indonesia Warns To All Parties Not To Sell, Buy or Trade Virtual Currency. The Bank of Indonesia also confirmed that virtual currencies, including Bitcoin, will not be recognized as valid means of payment and are therefore prohibited in Indonesia.
Recently, the Central Bank of Indonesia seems to have shown an unusually active stance on digital currencies. In fact, as early as late last year, Central Bank of Indonesia officials issued a statement asking local media to urge retailers to ban the use of illegal fiat currency transactions. Subsequently, before the regulation was introduced, the Indonesian Bitcoin payment service provider either opted to shut down or restructure its business.
In accordance with local laws and regulations, the Bank of Indonesia strongly reminds Indonesian banks and institutional banks to prohibit payment system service providers, as well as financial technology providers, from using virtual currency to process payment transactions, including major transaction forwarding institutions, clearing houses, settlement service providers, issuers, billing agencies, payment gateways, e-wallet operators, money transfer providers, etc.;
However, as of now, the most popular digital currency exchange in Indonesia, PT Bit Coin Indonesia, is still functioning and reportedly has over a million users.
The original source is:http://www.jinse.com/bitcoin/134338.html
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