Bank Indonesia (BI) strictly prohibits the use of bitcoin for investment and transactions. The use of bitcoin is believed to disrupt national economic stability including monetary, financial and payment systems.
Head of BI Payment System Policy Department, Onny Widjanarko said the dangers of using bitcoin have been felt by some countries. BI as the monetary authority reminds the public that it should not happen in Indonesia.
"The developments are happening in various countries .However the news, Facebook does not want anymore site-linked ads associated with Virtual Currency," he said in a press conference at Bank Indonesia"
Then the Japanese exchange place bitcoinnya hacked US $ 530 million. He said he wanted to be returned, but it was questioned who would return it. The money from where. Like that we baseball want to happen in Indonesia. As soon as there is a danger, to whom does it go? "
In addition, the New York Stock Exchange Commission has also recently confirmed it will not be able to recognize virtual currency as an investment if it can not answer six things. Among other aspects of how to calculate its assets so high volatility. Then the legal umbrella how up to the scope of any accounting standards.
"These developments are of concern to BI, because in terms of monetary system stability it is very dangerous because of its extraordinary money creation process Not only the monetary stability, finance and payment system, but also the consumer protection that occurs in Japan, explained Onny.
As for those users who already have bitcoin at this time, BI does not have legal protection for it, so the decisions taken by the community at this time considered to have been taken into account the profit and loss. To that end, BI asked to stop the use of bitcoin before the end of the feared occurred.
"If it is already, it means that it is takea risk, it means that we are ready for profit or loss, but our hope is not widespread if it is unclear, if it is clear, the new buyers will take the decision, we are reminded that we learn from the events in various countries, "