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Category: Bank Indonesia
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Indonesia’s Central Bank Considers Issuing Digital Currency to ‘Fight’ Crypto
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Indonesia’s central bank marshals staff to enforce crypto payments ban
Indonesia’s central bank is sending supervisors out to ensure local financial institutions aren’t defying the nationwide ban of crypto payments this bull season.
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Indonesia to Regulate Cryptocurrencies as Commodities
Cryptocurrencies in Indonesia will be regarded as commodities, according to a new decision by the country’s futures market regulator. It comes after a study concluding that digital coins deserve the commodity status. The government is expected to prepare a broader regulation covering other aspects of the crypto sector including trading and taxation. Also read: Crypto […]
The post Indonesia to Regulate Cryptocurrencies as Commodities appeared first on Bitcoin News.
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Soon There Will Be More Bitcoin Investors Than Stock Traders in Indonesia
Despite repeated warnings from the central bank of Indonesia about the supposed risks of cryptocurrency trading, everyday people keep turning to bitcoin in this highly populated Asian country. In fact, soon there will be more traders on just one crypto platform than there are on the local stock exchanges established over a 100 years before […]
The post Soon There Will Be More Bitcoin Investors Than Stock Traders in Indonesia appeared first on Bitcoin News.
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Crackdown on Bitcoin Hits Businesses in Bali
Having issued a stark warning to “all parties” against any use of “virtual currency”, Bank Indonesia has now joined forces with local police to prevent bitcoin transactions where they are most likely to take place – in Bali. The island, a popular holiday destination with tourists spending both fiat and crypto, has been targeted by […]
The post Crackdown on Bitcoin Hits Businesses in Bali appeared first on Bitcoin News.
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Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency
Bank Indonesia, Unitary State of the Republic of Indonesia’s central bank, has issued perhaps its bluntest statement yet on curbing the use of cryptocurrency, affirming a hardening stance on the popularity of what it refers to as “virtual currency” such as bitcoin. Also read: Ditch University and High Transaction Fees! Bank Indonesia Warns All Parties […]
The post Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency appeared first on Bitcoin News.
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