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Bitcoin remains unregulated in Indonesia

Wednesday 18 May 2016 14:08 CET | News

Despite the growing acceptance of peer-to-peer payment technology Bitcoin in Japan, the EU and the US, the use of Bitcoin in Indonesia has yet to be regulated by Bank Indonesia.

Meanwhile, Financial Services Authority (OJK) senior official for bank supervision Pardiyono cautioned would-be Bitcoin users, underlining the need to understand fully the risks of the electronic money.

Pardiyono said Bitcoin, currently valued at USD 458, might be too difficult for lay consumers to understand.


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Keywords: Bitcoin, mining, cryptocurrency, digital currency, online payments, online security, online transactions
Categories: DeFi & Crypto & Web3
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Countries: World
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DeFi & Crypto & Web3






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