Tag: method of payment

Indonesia’s Central Bank Bans Bitcoin as Method of Payment

Recent reports indicate that Indonesia’s central bank has decided to crack down once again on Bitcoin, stating that it represents neither a legal nor recognized medium of exchange and payment in the country. Indonesia resumes past position on digital currencies Back in February 2014, Reuters reported that Indonesia had decided to ban the use of digital currencies. A press statement issued by the country’s central bank at the time read: “Bitcoin and …
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