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Cryptocurrencies Used as Payment Method in Bali
Cryptocurrencies are being used as a payment method in several businesses in the tourist center of Bali. However, the Currency Law prohibits cryptocurrencies from being used as a transaction instrument in Indonesia.
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The Future of Cryptocurrencies
Not all countries have adequate regulatory and supervisory frameworks, so investors must be fully aware of the aspects of legal protection as well as the profits and losses of the cryptocurrencies they buy.
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Muhammad Lutfi: We are Improving Crypto Asset and E-commerce Regulations
As for digital trade, in the near future, the Indonesian government, and even world financial institutions and the World Trade Organization (WTO), will regulate it so that there is a balance.
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Bitcoin Still Causing Confusion
BI in December 2017 made a statement indicating that it did not recognize bitcoin, or other digital currencies, as a means of payment.
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