"We believe that digital technology brings great changes and major uncertainties about the future economic model, we policy makers, we need to anticipate developments that will generate this fundamental change," said Governor of the Bank of Indonesia, Agus Martwardukho at the last annual meeting of the Bank of Indonesia.
Tia Dwitiani Kumalasari rephrases the central bank as saying that "this is done to preserve the sovereignty of the rupee as a legal currency in the unitary state of the Republic of Indonesia."
Regional reports show excuses regularly, and now clicheados, criptomonedas that are used in money laundering and terrorism to promote Indonesia's unusually aggressive movement against decentralized currencies.
The ban appears to be exhaustive, and the search for "avoiding arbitrage opportunities, unhealthy business practices and trade controls by parties outside the legal scope of [the country] could harm industrial structures," explained Mr. Martowardojo.
Non-dealers with banks
Indonesia is the largest economy in Southeast Asia and home to the largest Muslim gathering in the world. It also has a large population without banking services, so by 2014 just over a third of adults had bank accounts. The poorest figures in the country say only 20 percent have access to the bank's capital. In recent years, the Government has launched campaigns and initiatives to increase institutional financial education.Bitcoin to Indonesian Rupiah Sell Your Digital Assets Crypto
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