Bitcoin still unregulated in Indonesia

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Despite a flourishing acceptance of peer-to-peer remuneration record bitcoin in Japan, a EU and a US, a use of bitcoin in Indonesia has nonetheless to be regulated by Bank Indonesia ( BI ) and it is not famous as a currency.

CEO Bitcoin Indonesia Oscar Darmawan pronounced he could know a executive bank’s hostility to umpire a electronic money.

“BI has supposing room for bitcoin as a new record to flower before it decides to umpire it later,” he pronounced on a sidelines of a ANZ Learning Fair 2016 in Jakarta on Tuesday.

Meanwhile, Financial Services Authority ( OJK ) comparison central for bank organisation Pardiyono cautioned would-be bitcoin users, underlining a need to know entirely a risks of a electronic money.

Pardiyono pronounced bitcoin, now valued during Rp 6.1 million ( US$458 ), competence be too formidable for lay consumers to understand.

“Consumers contingency take full shortcoming for a use of bitcoin. No authorised insurance is in place right now,” he said.

The ANZ Learning Fair 2016, being hold from May 16-20, is designed to boost staff bargain of digital issues.

The satisfactory is presenting a series of speakers including Teguh Ariwibowo, owner of crowd-lending organisation; Mandy Marahimin, owner and CEO of crowd-funding organisation Wujudkan;

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