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Berita - Bitcoin News | Indonesiabitcoin News | Indonesia

Berita - Bitcoin News | Indonesiabitcoin News | Indonesia

Mantan Chief Compliance Officer dari Blackrock, Inc. Dan kini Bergabung dengan Genesis Mining sebagai Chief Compliance Officer Siaran Pers Bitcoin: Cloud Mining Leader Menjadi Contoh sebagai Industri Dengan Komitmennya pada Kepatuhan Hong Kong, 29 April Genesis Mining, penyedia cloud mining terdepan di dunia, hari ini mengumumkan bahwa Shah Hafizi bergabung dengan timnya sebagai Chief Compliance Officer dan Americas General Counsel. Shah datang ke Genesis Mining dari BlackRock, Inc. di mana ia [] Masa Depan Sharing: Protokol Odyssey (OCN) Mengumumkan Pengembangan Blockchain Cross-Protocol Siaran Pers Bitcoin: Odyssey (OCN) Protocol, penyedia terkemuka dalam pembagian ekonomi terdesentralisasi dan ruang transaksi global P2P mengumumkan pengembangan blockchain lintas protokolnya sendiri yang canggih 1 Mei 2018, Singapura Odyssey baru-baru ini mengumumkan peluncuran pengembangan blockchain-nya sendiri. Blockchain Odyssey (OCN), juga dikenal sebagai rantai $ OCN, akan: Menyederhanakan integrasi penyedia blockchain lain ke dalam [] CONSENSUS 2018 Acara ini akan diselenggarakan pada 14 Mei 2018 16 Mei 2018 New York Hilton Midtown 1335 6th Avenue New York, NY Consensus, merupakan pertemuan teknologi blockchain tahunan ke-4, para profesional dari perusahaan rintisan industri terkemuka, perusahaan investasi, raksasa jasa keuangan, merek global, lembaga akademis dan kelompok kebijakan akan berkumpul di New York [] Continue reading >>

Soon There Will Be More Bitcoin Investors Than Stock Traders In Indonesia

Soon There Will Be More Bitcoin Investors Than Stock Traders In Indonesia

Soon There Will Be More Bitcoin Investors Than Stock Traders in Indonesia Despite repeated warnings from the central bank of Indonesia about the supposed risks of cryptocurrency trading, everyday people keep turning to bitcoin in this highly populated Asian country. In fact, soon there will be more traders on just one crypto platform than there are on the local stock exchanges established over a 100 years before it. Also Read: Coinbase Granted E-Money License by UKs Financial Conduct Authority The Indonesia Digital Asset Exchange (Indodax), founded in 2014 as Bitcoin.co.id, has 1,147,430 members already on board, according to its website. That is just a bit shy of the Indonesia Stock Exchange, which opened in 1912, with only about 1.18 million registered participants according to data from the Indonesia Central Securities Depository. In fact, as the Indodax is the biggest in the country, but not the only venue to trade cryptocurrency for rupiah, it is possible that there are already more bitcoin investors than stock traders in Indonesia. The Indodax is expected to have 1.5 million members by the end of the year, according to Chief Executive Officer Oscar Darmawan. We are seeing almost 3,000 new members signing up everyday. Most people are trading in bitcoins though transactions in ethereum has increased significantly of late. The cryptocurrency trading platform is targeting daily volume to double from an average 100 billion rupiah ($7.3 million) a day currently, Darmawan said . The countrys central bank, Bank Indonesia, has in the past repeatedly issued warnings to the public regarding what it sees as the dangers of cryptocurrencies, although it has not gone as far as forcing closure of exchanges. Its crackdown has caused Indonesian bitcoin payment processors to cease Continue reading >>

Indonesia Reaffirms Bitcoin Ban Among National Financial Service Firms

Indonesia Reaffirms Bitcoin Ban Among National Financial Service Firms

Indonesia reaffirms bitcoin ban among national financial service firms Source: Xinhua| 2018-01-22 20:56:34|Editor: Liangyu JAKARTA, Jan. 22 (Xinhua) -- Indonesia's agency overseeing operation of financial service firms, OJK, banned those firms in adopting bitcoin, digital money or cryptocurrency in their transactions across the country, its Chairman Wimboh Santoso said here on Monday. The ban from using cryptocurrency abides by Law No. 7/2011 of the country that stipulates national currency rupiah is the only authorized currency allowed for transactions in Indonesia. "Financial service providers in Indonesia were strictly banned from taking bitcoin in their transactions. There were sanctions for those violating this rule," Santoso said. Indonesian authorities were now intensifying investigation into the increasing use of bitcoin for transactions conducted in Indonesia's resort island of Bali, he added. The investigation was carried out since late last year following the finding of online advertisements of several businesses on the island that accepting bitcoin for the payment of their services. "We have learned several advertisements in the social media, we understand that Bali has now turned to be a haven for those using bitcoin in their transactions," Head of Indonesia central bank, Bank Indonesia (BI)'s Bali Chapter Causa Iman Karana said last week. Payments with bitcoin in Bali were mostly conducted by foreign tourists, he added. In coordination with provincial police, he said that BI would enforce the existing law in Bali by banning the use of bitcoin in every transaction. BI already issued a ban against cryptocurrency transactions, saying that the bitcoin mechanism tends to be speculative, has high risk as there is neither underlying asset nor official regulator Continue reading >>

Indonesia Studying Bitcoins Use In Investment: Official

Indonesia Studying Bitcoins Use In Investment: Official

Indonesia studying Bitcoins use in investment: Official Jakarta |Wed, January 24, 2018 | 01:12 pm The Trade Ministry's Futures Exchange Supervisory Board (Bappebti) is currently studying the possibility of using Bitcoin as an investment instrument, the board's head said on Tuesday. On the same day, the central bank declared the cryptocurrency's use illegal for all payments and transactions. (Shutterstock/File) Although Bitcoin has been declared an illegal payment and transaction instrument in the country, the government is still considering the cryptocurrency's useas an investment instrument, the Trade Ministry's Futures Exchange Supervisory Board (Bappebti) has said. Using Bitcoin as a payment instrument is prohibited, but how aboutusing itas an investment instrument?Is this allowed or not? Bappebti head Bachrul Chairi said on Tuesday in Jakarta, as reported by kompas.com . Earlier on the same day, Bank Indonesia Governor Agus Wartowardojo said that using Bitcoin as a payment and transaction instrument violated Law No.7/2011 on currency, which designatedthe rupiah as the only official transaction and payment instrument in the country. Agus also threatened to revoke the permits of financial services providers that used the cryptocurrency as a payment and transaction instrument. Bachrul said Bappebti was studying the possible use of Bitcoin as an investment instrument. He did not, however, mention when the study would be completed. He added that Bappebti consideredBitcoin as a commodity. Through the study, we want to see if Bitcoin can be treated as a digital asset, he said. Market supervision and development bureau head Dharmayugo Hermansyah at Bappebti said the organization saw great potentialin Bitcoin product trading. Separately, Finance Minister Sri Mulyani Indrawa Continue reading >>

Bitcoin Price Leads Crypto Comeback After Market Briefly Dips Below $250 Billion

Bitcoin Price Leads Crypto Comeback After Market Briefly Dips Below $250 Billion

Bitcoin Price Leads Crypto Comeback after Market Briefly Dips Below $250 Billion The Bitcoin price led a comprehensive cryptocurrency comeback on Monday after the market briefly dipped below $250 billion on Sunday. Altogether, 97 of the top 100 cryptocurrencies posted gains against the US dollar, enabling the cryptocurrency market cap to rise by $15.4 billion. This constituted a single-day gain of more than six percent and raised the index to a present value of $260.5 billion. Bitcoin Price Fights for $7,000 as Market Recovers The Bitcoin price headlined the rally, achieving an increase of nearly six percent and extending as high as $7,132 on Bitfinex during intraday trading. At present, the Bitcoin price is valued at $6,930, which translates into a $118 billion market cap and a 45.3 percent share of the total cryptocurrency market cap. Ethereum Price Sees 5 Percent Bump as Community Debates 120 Million ETH Cap The Ethereum price made similar progress, rising five percent to $385 on Bitfinex. Ethereum now has a $38.1 billion market cap and a 14.6 percent share of the index. Its unclear whether Ethereums rally has any connection to a proposal published by Ethereum creator Vitalik Buterin to set an ETH currency supply cap in a future network update. Though started as an April Fools Day prank , the initiative has generated an organic debate , and Buterin himself has stated that he believes a fixed currency supply is worth considering as Ethereum transitions to a Proof-of-Stake (PoS) consensus algorithm. Gains were fairly well-distributed across the wider altcoin ecosystem, and just three cryptocurrencies ranked in the top 100 Kin, Revain, and Veritaseum failed to return single-day increases. The Ripple and Bitcoin Cash prices each rose about four percent and are currently Continue reading >>

The Indonesian Government Is Cracking Down Further On Bitcoin Use In Bali

The Indonesian Government Is Cracking Down Further On Bitcoin Use In Bali

The Indonesian Government Is Cracking Down Further On Bitcoin Use In Bali Samuel Rae January 20, 2018 1:00 am Retailers in Bali are being forced to stop accepting bitcoin at their shops and restaurants. The actions of governments and regulatory authorities in Asia have been a hot topic in the cryptocurrency space over the last few weeks. The recent crash is widely seen as being driven by reports that the South Korean government indicating it is set to crackdown on cryptocurrency usage. A similar concern is hanging over the already heavily regulated Chinese market right now, rooted in potential government actions to limit access to international exchanges for users within its borders. The latest news out of Asia is that Indonesian authorities are looking to investigate bitcoin-associated activity in Bali, one of Southeast Asias most popular tourist destinations and if the reports are to be believed and the concerns of the Indonesian government validated a hive of bitcoin-related activity. Heres what Iman Karana, head of Bank Indonesias representative office in Bali, had to say on the development: We found out from some postings on social media that Bali appeared to have become a haven for bitcoin transactions. Using bitcoin as a point of sale transaction token in Bali is illegal, as per regulatory action taken by policymakers in the region back in December 2017. Shortly after the regulatory action was put in place, however, police on the island went undercover to investigate reports of businesses still accepting bitcoin as a payment method. The results of this undercover operation led to only two businesses being uncovered as still accepting bitcoin, with a further 44 (with operations ranging from car rental to jewelry and more) having just recently stopped. Bitcoin use Continue reading >>

Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency

Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency

Bank Indonesia: Do Not Sell, Buy, Trade Cryptocurrency Bank Indonesia, Unitary State of the Republic of Indonesias central bank, 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 as virtual currency such as bitcoin. Also read: Ditch University and High Transaction Fees! Bank Indonesia Warns To All Parties To Not Sell, Buy or Trade Virtual Currency is the title of todays missive from Bank Indonesia by way of its Department of Communications. It affirms that virtual currency including bitcoin is not recognized as a valid payment instrument, so it is prohibited to be used as a means of payment in Indonesia. Bank Indonesia (BI) is the Republics central bank, and as such it has been 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 ban. That followed Falls shutdown of bitcoin payment providers and businesses restructuring in an effort to get ahead of coming regulation. And just prior, BI had yet again reaffirmed its distaste for crypto, pushing advocates to insist the bank was denying a marvel of technological innovation. BIs pronouncements have routinely contrasted with impressions on the street, as Indonesians do seem to have an appetite for the decentralized currency. BI wants it crystal clear all obligations paid in money or other financial transactions conducted in the Territory of the Unitary State of the Republic of Indonesia shall be obliged using Rupiah. Decrees of this sort appear to be driving Indonesians away from above-ground exchanges, for obvious reasons, and into more peer-to-peer arrangements such as Localbitcoins . Own Continue reading >>

Indonesia Central Bank: Cryptocurrency Payments 'not Legitimate'

Indonesia Central Bank: Cryptocurrency Payments 'not Legitimate'

Indonesia Central Bank: Cryptocurrency Payments 'Not Legitimate' Bank Indonesia has warned that cryptocurrencies may not be used for payments in the country. The central bank published a press release on Saturday, stating that cryptocurrencies are not a "legitimate instrument of payment" in the country, as they do not comply with the 2011 currency act and are not issued bythe Republic of Indonesia. "Financial transactions conducted within the territory of the Republic of Indonesia, has to be fulfilled with Rupiah," the currency act states. As a result, the central bank said that payment firms are not allowed to make virtual currency transactions. "Bank Indonesia affirms that it forbids all payment system operator (principal, switching operator, clearing operator, final settlement operator, issuer, acquirer, payment gateway operator, electronic wallet operator, money transfer operator) and financial technology operators in Indonesia, both bank and non-bank institution, to process transactions using virtual currency, as stated in Bank Indonesia Regulation No. 18/40/PBI/2016 on Implementation of Payment Transaction Processing and Bank Indonesia Regulation No. 19/12/PBI/2017 on Implementation of Financial Technology." The warning makes no mention of cryptocurrency exchanges. The news comes after the central bank revealed in early December 2017 that it was considering new regulations that would outlaw bitcoin transactions from 2018. On the 20th of the same month, the bank issued a new regulation - No. 19/12/PBI/2017 on Implementation of Financial Technology - due to concerns over bitcoin's potential use in terrorism financing, money laundering and drug trafficking. In its latest warning, Bank Indonesia also warned "all parties" that buying, selling or trading cryptocurrenci Continue reading >>

Indonesia Central Bank Warns Over Cryptocurrencies

Indonesia Central Bank Warns Over Cryptocurrencies

Indonesia central bank warns over cryptocurrencies Indonesia's central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia. "The ownership of virtual currencies is high risk and prone to speculation because there is no authority who takes responsibility, there is no official administrator and there is no underlying asset to be the basis for the price," BI spokesman Agusman said in a statement issued late on Friday. He said that virtual currencies could also be used in money laundering and terrorism funding, and due to all these factors could have an impact on the stability of the financial system and causes losses for society. "(Cryptocurrency) is not a legal medium of exchange. We remind (people of) its risks. When the risks occur, the losses will be borne by the public. We are obliged to protect consumers and protect them from a bubble," Agusman said by telephone on Saturday. Asked whether such statements from authorities could stir panic among those who had already invested in cryptocurrencies, he said: "They didn't consult with us when buying....please help us make the people understand." Indonesian authorities have been stepping up their warnings and last month BI issued a regulation banning use of cryptocurrencies by financial technology companies involved in payment systems, and said it is examining whether there's a need to regulate trading on virtual currency exchanges. South Korean authorities this week sent global bitcoin prices temporarily plu Continue reading >>

Bitcoin Is Commodity, Not Payment Instrument: Bitcoin Indonesia

Bitcoin Is Commodity, Not Payment Instrument: Bitcoin Indonesia

Bitcoin is commodity, not payment instrument: Bitcoin Indonesia Jakarta |Fri, February 9, 2018 | 09:15 pm Gold-plated souvenir bitcoin coins are arranged for a photograph in London on Nov. 20. Bitcoin uses peer-to-peer technology to operate, with no central authority or bank involved. (AFP/Justin Tallis) Consultant from Bitcoin.co.id, or Bitcoin Indonesia, Nidya Rahmanita has said the company has run a marketplace business for the cryptocurrency and never declared bitcoin as a payment instrument. Since the beginning, we never treated bitcoin as a payment instrument because we hope that it would be recognized as a commodity, Nidya said in Jakarta on Thursday on the sidelines of a discussion on illegal transactions with bitcoin and the government control authority. She said Bitcoin Indonesia was still waiting for the regulation on bitcoins that is expected to be issued by Bank Indonesia and the Financial Service Authority. She denied that bitcoin transactions are totally uncontrollable or anonymous, saying that all members and users of Bitcoin.co.id could be tracked. We know the numbers of their bank accounts as well as their IP addresses. But because [Bitcoin] is unregulated, we cannot know who are the senders or recipients, she said as reported by tempo.co. Meanwhile, legal consultant for digital currency Robertus Ori Setianto said he disagreed that bitcoin should be treated as a payment instrument, but he did not reject it. He, however, agreed that there should be regulations for bitcoin and cryptocurrencies. Just let it be a toy. But, it should be regulated. We, however, have to think twice before treating it as a payment instrument, he added. Bank Indonesia had declared Bitcoin as an illegal payment and transaction instrument, but the Trade Ministry's Futures Exchan Continue reading >>

Indonesia Central Bank Goes Undercover To Check On Bitcoin In Bali

Indonesia Central Bank Goes Undercover To Check On Bitcoin In Bali

Indonesia Central Bank Goes Undercover to Check on Bitcoin in Bali Join our community of 10 000 traders on Hacked.com for just $39 per month. Indonesian authorities, including the central bank, are looking into the use of bitcoin as a currency in various retail establishments across the holiday island of Bali. It was October 2017 when Bank Indonesia, the countrys central bank, issued a public notice outlawing bitcoin as a payment instrument. At the time, central bank governor Agus Martowardojo issued a threat to bitcoin adopters who defied the authoritys orders, stating those who use it will be dealt with. In spiteof the warning, bitcoin continued to find acceptance among a large number of businesses in Bali, a popular tourist destination island in Indonesia. After learning of the activity through social media, Bank Indonesia (BI) Bali office chief Causa Iman Karana revealed a joint operation among central bank officials and police who went undercover to investigate bitcoin-friendly businesses, near the end of 2017. As reported by The Jakarta Post , the team found 44 businesses including car rentals, hotels, jewelry stores and travel agencies welcoming the use of the worlds first cryptocurrency. We found out from some postings on social media that Bali appeared to have become a haven for bitcoin transactions, Karana told media. The next step is we will ban them as mandated by the law. We ask them not to use it anymore. Along with the Directorate of Special Crime Investigation unit, we will enforce the rule that all transactions in Indonesia must use rupiah [the countrys fiat currency]. The crackdown is certain to sting bitcoin adopters in Bali, an island that is Indonesias primary tourism hub with a significant expatriate community who use the cryptocurrency over other Continue reading >>

Central Bank Of Indonesia Warns Against All Cryptocurrency Use, Cites High Risk

Central Bank Of Indonesia Warns Against All Cryptocurrency Use, Cites High Risk

Central Bank of Indonesia Warns Against All Cryptocurrency Use, Cites High Risk Bank Indonesia warns its citizens against all use of Bitcoin, citing security concerns and restating the illegitimacy of any digital currency within the country. Bank Indonesia issued a press release on Jan. 13, warning its citizens against the use of selling, buying or trading cryptocurrency and reiterating that virtual currency is not legitimate within Indonesia. This statement comes after the September reassertion that Bank Indonesia will not accept Bitcoin (BTC) as payment, leading to the voluntary closure of two Indonesian-based crypto exchanges, BitBayar and TokoBitcoin. Bank Indonesia cites concerns over potential use in money laundering and funding terrorism as reasons behind their anti-cryptocurrency campaign: Virtual currencies are vulnerable to bubble risks and susceptible to be used for money laundering and terrorism financing, therefore can potentially impact financial system stability and cause financial harm to society. While there is no official ban on Bitcoin within the country, per Wikipedia , the press release forbidding all activity relating to cryptocurrency takes a harsher tone than previous statements that merely advised citizens to be careful around Bitcoin. Algerias government has also taken steps towards a crypto ban , with reports that the 2018 Finance Bill will make Bitcoin ownership and trading illegal within the country. In early January, Egypts top Religious Official, Grand Mufti Shawki Allam, declared Bitcoin unlawful according to Sharia law citing concerns about money laundering and terrorism funding as well. Continue reading >>

Bitcoin Indonesia (@bitcoincoid) | Twitter

Bitcoin Indonesia (@bitcoincoid) | Twitter

Pending Pending follow request from @bitcoincoid Cancel Cancel your follow request to @bitcoincoid Are you sure you want to view these Tweets? Viewing Tweets won't unblock @bitcoincoid When they do, their Tweets will show up here. You can add location information to your Tweets, such as your city or precise location, from the web and via third-party applications. You always have the option to delete your Tweet location history. Learn more Here's the URL for this Tweet. Copy it to easily share with friends. Add this Tweet to your website by copying the code below. Learn more Add this video to your website by copying the code below. Learn more Hmm, there was a problem reaching the server. By embedding Twitter content in your website or app, you are agreeing to the Twitter Developer Agreement and Developer Policy . Not on Twitter? Sign up, tune into the things you care about, and get updates as they happen. Two-way (sending and receiving) short codes: This timeline is where youll spend most of your time, getting instant updates about what matters to you. Hover over the profile pic and click the Following button to unfollow any account. When you see a Tweet you love, tap the heart it lets the person who wrote it know you shared the love. The fastest way to share someone elses Tweet with your followers is with a Retweet. Tap the icon to send it instantly. Add your thoughts about any Tweet with a Reply. Find a topic youre passionate about, and jump right in. Get instant insight into what people are talking about now. Follow more accounts to get instant updates about topics you care about. See the latest conversations about any topic instantly. Continue reading >>

Indonesia Can't Stop Circulation Of Bitcoin: Ex-finance Minister

Indonesia Can't Stop Circulation Of Bitcoin: Ex-finance Minister

Indonesia can't stop circulation of bitcoin: Ex-finance minister Jakarta |Tue, February 6, 2018 | 12:18 pm Gold-plated souvenir bitcoin coins are arranged for a photograph in London on Nov. 20. The bitcoin cryptocurrency uses peer-to-peer technology to operate, with no central authority or banks involved. (AFP/Justin Tallis) Former finance minister Chatib Basri has said that prohibiting the circulation of bitcoin and other cryptocurrencies is not an effective way to prevent negative impacts. Instead, he said, Bank Indonesia (BI) as the central bank needed to issue digital currency to become an official digital payment instrument, circulation of which could be monitored. So, BI needs to create something that can be monitored. I understand BIs concern over bitcoin [] as there is no underlying asset. But we cannot ban it, Chatib said in Jakarta on Monday, as reported by kompas.com. Given the massive use of digital technology, the central bank needed to use such technology to prevent negative impacts by issuing official digital technology. He cited as an example Bucket Technologies, a United States start-up facilitating coinless cash transactions at retailers, where coins normally given as change to customers are converted into vouchers, such as for the Google Play Store or Apple Pay. Previously, BI payment system policy department head Onny Widjanarko said BI, like other central banks across the world, was studying the possible use of digital or virtual rupiah, but he added that no central bank had issued such currency so far. Several countries, such as Singapore, Canada and Ecuador, have started pilot projects for digital currency. (bbn) Continue reading >>

Bitcoin Use Under Scrutiny In Indonesian Island Of Bali

Bitcoin Use Under Scrutiny In Indonesian Island Of Bali

January 19, 2018 / 8:00 AM / in 4 months Bitcoin use under scrutiny in Indonesian island of Bali JAKARTA/KUTA, Indonesia (Reuters) - Indonesian authorities are investigating the use of bitcoin in the holiday island of Bali, amid warnings by the central bank in Southeast Asias biggest economy over the risks posed by virtual currencies, an official said. A Bitcoin sign is seen in Kuta on the resort island of Bali, Indonesia January 18, 2018. Picture taken January 18, 2018. REUTERS/Nyimas Laula The probe started after the central bank on Dec. 7, 2017 issued a regulation banning the use of cryptocurrencies in payment systems, said Causa Iman Karana, head of Bank Indonesias representative office in Bali. We found out from some postings on social media that Bali appeared to have become a haven for bitcoin transactions, said Karana. Central bank officials and police went undercover at the end of 2017 to investigate scores of businesses in Bali advertising online that they offered bitcoin payment services, said Karana. The team found two cafes still using bitcoin as a means of payment, but 44 businesses including car rental outlets, hotels, travel companies and jewelry stores, previously offering the service, had now stopped, he said. One of the cafes used bitcoin only for transactions of more than 243,000 rupiah, or about 0.001 bitcoin. A single transaction took about 1 1/2 hours to be processed and included a fee of 123,000 rupiah so this had discouraged its wider use for payments, said Karana. The official declined to name the businesses because he was still waiting for further instructions from Bank Indonesia in Jakarta. The next step is we will ban them as mandated by the law. We ask them not to use it anymore. Along with the Directorate of Special Crime Investigation uni Continue reading >>

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