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Learning & News => News related to Crypto => Topic started by: CryptoGirl on October 28, 2017, 01:32:33 PM

Title: Indonesian Central Bank Bans Bitcoin as Method of Payment
Post by: CryptoGirl on October 28, 2017, 01:32:33 PM

The Indonesian Central Bank ordered a ban on the use of Bitcoin as a method of payment. The bank claimed that Bitcoin represents neither a legal nor a recognized medium of exchange and payment in Indonesia.
This lead to the closure of the Indonesia-based Bitcoin payment platforms BitBayar and TokoBitcoin.

Adding that bitcoin is not a legit means of payment and that if it utilized as such, action would be taken by the authorities.

http://ekonomi.metrotvnews.com/read/2017/10/20/775838/bi-akan-tindak-pengguna-bitcoin-indonesia

Title: Re: Indonesian Central Bank Bans Bitcoin as Method of Payment
Post by: coinhunter on October 28, 2017, 07:14:13 PM

Can they implement it and how?

Title: Re: Indonesian Central Bank Bans Bitcoin as Method of Payment
Post by: sw1911 on October 29, 2017, 07:32:24 PM

looks like central banks are beginning to collude and end bitcoin.