Ban Warning for Bitcoin and Cryptocurrencies from Asia’s Favorite Holiday Island!

Indonesia’s favorite resort city Bali has warned tourists about Bitcoin (BTC) and cryptocurrency payments.

Bali Governor Wayan Koster told the media on 28 May. Indonesian Rupee (IDR) in the country valid the one which… single currency by reminding that hotels, restaurants And Bitcoin in businesses and other cryptocurrencies payment trying to do warned tourists. cryptocurrencies in Indonesia in payments the use of strictly forbidden that it is underlined.

Coaster, those who behave inappropriately, those who want to pay with cryptocurrencies And exceeding the visa limit of persons hard One treatment He said he would see. In addition, these crypto payments accepting institutions and the country. the central bank by not authorized in the state currency trading services to give institutions that work will be sanctioned included in the governor’s statements. In the country, bitcoin And cryptocurrency of units to buy and sell despite being allowed Governor Koster with explanations net One taking a stand seen.

Last year Bali visiting important to tourists One despite the bans with cryptocurrencies that you pay to use payment instruments other than cryptocurrencies while attracting attention people who tried up to one year in prison or with a $13,300 fine that he could be prosecuted. Also, these transactions permissive or unlicensed institutions providing trading services whereas 1.4 million fines of up to $, and to five years arriving imprisonment with that you can be judged underlined.

It has been a while since cryptocurrencies have been used as a means of payment. forbidding but Bitcoin commodity Indonesia, which recognizes it as a currency and releases cryptocurrency trading on exchanges, at the beginning of this year National a cryptocurrency exchange announced that he would.

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