Virtual Currency BitCoin Not Practice in Indonesia

Virtual Currency BitCoin Not Practice in Indonesia | Bitcoin virtual currency popular lately used as a means of investment and payments in various countries. Even the currency is already being sold in Indonesia. Is this legal virtual currency used in Indonesia?  This blog about Information Technology and The Latest Gadgets.

To avoid confusing, Bank Indonesia (BI) also issued a statement regarding the legality of virtual currency. BI confirms bitcoin is not legal tender in Indonesia.

The announcement was made BI via the official press release on its website, with reference to Act (Act) No.. 7 of 2011 on Currency and the Law. 23 of 1999 which has been amended several times, most recently by Law no. 6 of 2009.

"People are encouraged to be careful of Bitcoin and other virtual currency. All risks related to ownership / use Bitcoin borne by the owner / user of virtual currency Bitcoin and others," said Director of the Department of Communication BI, Peter Jacobs through a press release.

Bitcoin is a virtual currency itself, where people can conduct transactions through a variety of electronic devices such as computers for connecting to the Internet.

Abroad, generally bitcoin used for payment transactions. However Bitcoin has the same risk as the use of other currencies. If the computer is exposed to the virus bitcoin potentially lost. Moreover, if do not have a secure password, bitcoin can also be compromised by irresponsible people.

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