Tag - Indonesia

Bitcoin Banned as a Payment Method in Indonesia, Adopters Will Be ‘Dealt With’

Get Trading Recommendations and Read Analysis on Hacked.com for just $39 per month. The head of Bank Indonesia, Indonesia’s central bank, has threatened action against Bitcoin adopters if the cryptocurrency is used as a method of payment. First reported by CCN in early 2014, the country’s central bank issued a public notice warning citizens to be careful of adopting virtual currencies. “Bank Indonesia states that Bitcoin and other virtual currency are not valid currency or payment instruments in Indonesia,” read [...]