Central Bank of Indonesia Issues Bitcoin Warning

Next up issue a bitcoin warning: Indonesia. The Indonesian central bank’s deputy governor — Ronald Waas — said that using the digital country violates some of the country’s laws and echoed much of the concerns other central banks have already vocalized.

The news comes from Indonesian news website Kontan.

But despite the fact bitcoin isn’t legal tender in Indonesia, Waas stated the central bank has no plans to stop the digital currency, but the central bank is working with the Ministry of Communications to learn more about the use of digital currency in the country.

Still, Waas believes bitcoin is risky and warns Indonesians to not use bitcoin as a means of payment. Is it the end of bitcoin in Indonesia before it even started? (Read more at CoinDesk)

There’s a long list of countries now that have warned against bitcoin. A new website we’ve mentioned previously, BitLegal, provides an easy-to-view interface on many countries’ stance on bitcoin. It’s a useful tool you should check out.