{"id":44473,"date":"2021-06-16T18:06:45","date_gmt":"2021-06-16T15:06:45","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=44473"},"modified":"2025-08-31T17:08:01","modified_gmt":"2025-08-31T14:08:01","slug":"bank-indonesia-bans-banks-from-using-bitcoin-for-payments","status":"publish","type":"post","link":"https:\/\/u1f987.com\/en\/bank-indonesia-bans-banks-from-using-bitcoin-for-payments\/","title":{"rendered":"Bank Indonesia bans banks from using bitcoin for payments"},"content":{"rendered":"<p>The central bank has prohibited Indonesian financial institutions from using bitcoin and other cryptocurrencies as a means of payment or other financial services, said regulator head Perry Warjiyo. This was reported by <a href=\\\"https:\/\/en.tempo.co\/read\/1472956\/bank-indonesia-prohibits-cryptocurrency-as-payment-tool\\\" target=\\\"_blank\\\" rel=\\\"noreferrer noopener\\\">Tempo<\/a>.<\/p>\n<p>According to the governor of Bank Indonesia, the ban is based on the constitution, as well as banking and currency laws.<\/p>\n<p>To enforce policy compliance by financial institutions, the regulator will deploy regional supervisory authorities, Warjiyo stressed.<\/p>\n<p>Earlier in the central bank <a href=\"https:\/\/u1f987.com\/en\/news\/indonesia-to-issue-a-national-digital-currency-cbdc\">announced plans to issue<\/a> a national digital currency (CBDC) that would become a legal tender.<\/p>\n<p>As noted in a 2020 Jump Capital study, Indonesia <a href=\"https:\/\/u1f987.com\/en\/news\/study-finds-india-indonesia-and-mexico-the-most-promising-countries-for-cryptocurrencies\">has emerged among the most promising<\/a> for cryptocurrencies.<\/p>\n<p>Subscribe to ForkLog news on <a href=\\\"https:\/\/vk.com\/forklogcom\\\" target=\\\"_blank\\\" rel=\\\"nofollow noopener\\\">VK<\/a>!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The central bank has banned Indonesian financial institutions from using bitcoin and other cryptocurrencies as a means of payment or other financial services, according to regulator head Perry Warjiyo.<\/p>\n","protected":false},"author":1,"featured_media":44474,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1530,36],"class_list":["post-44473","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-indonesia","tag-regulation"],"aioseo_notices":[],"amp_enabled":true,"views":"22","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44473","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/comments?post=44473"}],"version-history":[{"count":1,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44473\/revisions"}],"predecessor-version":[{"id":44475,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/posts\/44473\/revisions\/44475"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media\/44474"}],"wp:attachment":[{"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/media?parent=44473"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/categories?post=44473"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/u1f987.com\/en\/wp-json\/wp\/v2\/tags?post=44473"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}