
“The central bank of Indonesia is the latest Asian governmental body to warn against widespread bitcoin (BTC) adoption. In a report by Kontan (via Google translate), Bank Indonesia deputy governor Ronald Waas confirmed that using digital currency like bitcoin is in violation of numerous laws. Waas listed three particular laws that he urges bitcoiners to consider before they utilize it in Jakarta: Bank Indonesia Law, Information and Electronic Transactions (ITE) and various currency legislation. According to Waas, ‘The use of bitcoin as payment violates the law.’ Essentially, the rupiah is the only legal tender.”
http://www.pfhub.com/bitcoin-violates-numerous-laws-according-to-indonesia-central-bank-303/
Related posts:
Whap! Pow! Fans Boot Defense Contractor Out of Marvel Comics
Could Digital Currency Bitcoin Set Online Poker Free?
Gold in them bits: Inside the world’s most mysterious Bitcoin mining company
Western Union: bitcoin isn’t ready for international money transfer yet
Bitcoin Pioneers Arrested While Renegade Banking System Carries On
Support the Troops with Peace and the 'Right to Try'
David Galland: Three Reasons the Case for Gold Remains Intact
Cop Shot Litter of Kittens in Front of Screaming Children
Feds Expand Definition of "Cash" To Include Stored Value Cards
The Early Stages of ObamaCare
Senate Tax Bill’s Marginal Rates Could Top 100% for Some
Retirement Dreams (Workers) vs. Reality (Retirees)
The Most Dangerous Pot Prohibitionist in the Trump Camp
Employment Ratios: Total, Men, and Women
Bitcoin: Alive and here to stay? Or slowly fading away?