Our central bank, Bank Indonesia, stated that Bitcoin is allowed to be used, traded, or kept as an asset of a digital commodity by the Indonesian citizen, but it is not allowed to be used as a method of payment considering the only legal currency that can be used in Indonesia is only Rupiah (US Dollars, Yen, or Bitcoin is not allowed). The use of Bitcoin is solely the user’s responsibility.

This is the official press release from Bank Indonesia, taken directly from their site.

 

No. 16/6/DKom​​​

 
In view of the Act No. 7 Year 2012 concerning Currency and Act No. 23 Year 1999 which has been amended several times, the latest with Act No. 6 Year 2009, Bank Indonesia states that Bitcoin and other virtual currency are not currency or legal payment instrument in Indonesia.
 
The society is encouraged to be careful toward Bitcoin and other virtual currency. All risks related to the ownership/use of Bitcoin should be borne by the owner/user of the Bitcoin and other virtual currency.
 
Jakarta, 6 February 2014
Communication Department
 
 
Peter Jacobs
Director

15 Thoughts to “What does Bank Indonesia think about Bitcoin?

    1. Suasti Bitcoin.co.id Article Author

      Halo bapak/ibu Tyas,

      Memang benar dikatakan bahwa Bitcoin dilarang digunakan sebagai alat pembayaran, hanya sebatas himbauan namun belum dilarang untuk diperjual belikan dengan Rupiah atau mengambil langkah untuk menutup exchange sebagai penyedia layanan jual beli aset digital seperti layaknya saham jadi tidak melanggar UU yang ada karena bukan sebagai alat tukar tetapi digital aset layaknya saham dan forex.
      Terima kasih.

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