KONTAN.CO.ID - Bank Indonesia (BI) has banned the use of virtual currency, including bitcoin, as a means of payment in the country. Based on Law No.7 of 2011 on Currency, any transaction intended to make payments or settle other obligations using currency or other financial transactions made in the Indonesian territory must use the rupiah, Executive Director of the BI Communication Department Agusman stated here on Saturday. Holding virtual currency is very risky, as no authority is responsible for it, he remarked.
Bank Indonesia bans virtual currency as means of payment
KONTAN.CO.ID - Bank Indonesia (BI) has banned the use of virtual currency, including bitcoin, as a means of payment in the country. Based on Law No.7 of 2011 on Currency, any transaction intended to make payments or settle other obligations using currency or other financial transactions made in the Indonesian territory must use the rupiah, Executive Director of the BI Communication Department Agusman stated here on Saturday. Holding virtual currency is very risky, as no authority is responsible for it, he remarked.