Bitcoin is a virtual currency developed in 2009 by someone under the pseudonym of Satoshi Nakamoto. This currency is like Rupiah or Dollar, but it is only available in the digital world. The concept may sound like eGold, although it is actually much different.
Recently appeared bad news for bitcoin users in Indonesia.
Bank Indonesia (BI) will ban payment transactions using bitcoin by 2018. This bitcoin ban will be regulated in Bank Indonesia regulations (PBI) that are planned to be issued in the near future.
Onny Widjanarko, Head of BI Transformation Program Center, said that in PBI electronic money that will be out in the near future, will be set one of them about bitcoin.
The rules concerning the use of bitcoin are not yet clear, because BI has no specific rules regarding this. To that end, BI is still conducting an in-depth review of bitcoin, whether it will be regulated in an electronic money bill or separately for example to be included in a criptocurrency PBI.
What is clear, BI appealed that merchants do not accept bitcoin as an official payment instrument in Indonesia. If people experience bitcoin-related losses, BI regulators will not be responsible for this.
BI is concerned and is still concerned about the risks of using bitcoin by the community....
This is because BI is sniffing the potential for bitcoin fraud to be used for unlawful acts such as terrorism, money laundering, prostitution and drug trafficking.
Indeed, there are some investors who use bitcoin as an investment tool. Some countries react differently to the presence of bitcoin. China, Russia are some countries that reject the presence of bitcoin. Meanwhile, Japan accepts bitcoin transactions.
What do you think if you agree if Bank Indonesia (BI) prohibits bitcoin in Indonesia.
If I am disappointed, what if Bank Indonesia prohibits Bitcoin.