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Learning & News => News related to Crypto => Topic started by: Lauda on January 21, 2018, 01:08:59 PM

Title: Indonesia bans Bitcoin
Post by: Lauda on January 21, 2018, 01:08:59 PM
http://www.bi.go.id/id/ruang-media/siaran-pers/Pages/sp_200418.aspx


https://translate.google.com/translate?sl=id&tl=en&js=y&prev=_t&hl=en&ie=UTF-8&u=http%3A%2F%2Fwww.bi.go.id%2Fid%2Fruang-media%2Fsiaran-pers%2FPages%2Fsp_200418.aspx&edit-text=

What do you think?
Title: Re: Indonesia bans Bitcoin
Post by: Cordillerabit on January 21, 2018, 01:31:22 PM
(https://cointelegraph.com/images/725_Ly9jb2ludGVsZWdyYXBoLmNvbS9zdG9yYWdlL3VwbG9hZHMvdmlldy9jZGUyN2MzNmVkNDJjNzQ4YjIzN2IzNWQ3NWFkOGE2MC5qcGc=.jpg)

Bitcoin exchanges are under fire in India, as many of the nation’s top banks have suspended or greatly curtailed functionality on exchange accounts. State Bank of India (SBI), Axis Bank, HDFC Bank, ICICI Bank and Yes Bank have all taken strong action toward crypto exchanges, either closing accounts or severely limiting functionality. The banks cite the risk of dubious transactions, according to local reports.

The news follows the request of advocate Bivas Chatterjee who recently filed a public interest litigation (PIL) in Calcutta to impose immediate regulations on Bitcoin and other cryptocurrencies. Additionally, the Ministry of Finance referred to Bitcoin as a ponzi scheme before the end of last year.

The international mood toward Bitcoin has continued to tighten, particularly with US Treasury secretary Steven Mnuchin stating that the G20 nations will begin working together to make sure that Bitcoin and other cryptocurrencies are properly regulated.

https://cointelegraph.com/news/indian-banks-suspending-bitcoin-exchange-accounts
Title: Re: Indonesia bans Bitcoin
Post by: Cordillerabit on January 21, 2018, 01:39:40 PM
i think if this is possible to happen all this will be a big problem for those Indonesian friend crypto enthusiast 
Title: Re: Indonesia bans Bitcoin
Post by: Lauda on January 22, 2018, 02:03:55 AM
i think if this is possible to happen all this will be a big problem for those Indonesian friend crypto enthusiast
They are limited to the implementation of bitcoin in the country of Indonesia, because it has applied the law in force in the country