Bank Indonesia to prohibit use of bitcoin, other cryptocurrencies from 2018

A cyclist passes the entrance to the La Maison du Bitcoin bank in Paris, France, on Thursday, Nov. 23, 2017. Photographer: Christophe Morin/Bloomberg

Indonesia is set to prohibit the use of cryptocurrencies within the nation. This will see Jakarta ban payment providers from collaborating with parties and platform that “facilitate digital currency transactions”.

These new rules, which will be issued in 2018, will include financial technology (fintech) enterprises and startups.

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