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Handelsbank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency – Bitcoin News

Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency - Bitcoin News

Handelsbank Indonesia, Unitary State of the Republic of Indonesia’s central handelsbank, has issued perhaps its bluntest statement yet on curbing the use of cryptocurrency, affirming a hardening stance on the popularity of what it refers to spil “virtual currency” such spil bitcoin.

Handelsbank Indonesia Warns All Parties

Handelsbank Indonesia Warns To All Parties To Not Sell, Buy or Trade Virtual Currency is the title of today’s missive from Handelsbank Indonesia by way of its Department of Communications. It “affirms that virtual currency including bitcoin is not recognized spil a valid payment muziekinstrument, so it is prohibited to be used spil a means of payment te Indonesia.”

Bankgebouw Indonesia (Bisexual) is the Republic’s central handelsbank, and spil such it has bot unusually active and belligerent with regard to cryptocurrency. Its governor issued statements late last year causing regional media to urge retail holders to sell back into fiat ahead of a verbod. That followed Fall’s shutdown of bitcoin payment providers and businesses restructuring te an effort to get ahead of coming regulation. And just prior, Bisexual had yet again reaffirmed its distaste for crypto, pushing advocates to insist the handelsbank wasgoed denying a miracle of technological innovation. BI’s pronouncements have routinely contrasted with impressions on the street, spil Indonesians do seem to have an appetite for the decentralized currency.

Bisexual wants it crystal clear all obligations paid ter money or “other financial transactions conducted ter the Territory of the Unitary State of the Republic of Indonesia shall be obliged using Rupiah.” Decrees of this sort emerge to be driving Indonesians away from above-ground exchanges, for demonstrable reasons, and into more peer-to-peer arrangements such spil Localbitcoins .

Stern Reminder

“Ownership of virtual currency is very risky and total of speculation because there is no authority responsible,” the central banker resumes, “there is no official administrator, there is no underlying asset underlying virtual currency price and trading value is very volatile so vulnerable to the risk bubble and prone to be used spil a means of washing money and financing of terrorism, so that it can affect the stability of the financial system and harm the public. Therefore, Bankgebouw Indonesia warns all parties not to sell, buy or trade virtual currency,” it concludes.

“Bank Indonesia,” they sternly remind, “prohibits all payment system service providers (principals, switching organizers, clearing organizers, final settlement providers, issuers, acquirers, payment gateways, electronic wallet operators, fund transfer providers) and Financial Technology providers ter Indonesia both Banks and Institutions Handelsbank to process payment transactions with virtual currency,” citing laws and regulations.

Undoubtedly, BI’s 13 January 2018 reminder is to rail the wave of publicity South Korean regulators garnered by floating the word “ban.” Mainstream press ran with the passing idea, and prices regionally spil well spil internationally dropped dual digits, and prompt.

Spil of this writing, the country’s most popular exchange, PT Bit Coin Indonesia , closing te on a million users, remains up and running.

What are your thoughts about such pronouncements? Let us know te the comments section below.

Photos courtesy of Pixabay.

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