Indonesia News & Opinions from CCN.com

Bitcoin Banned as a Payment Method, Adopters Will be ‘Dealt With’: Indonesian Central Bank

September 27, 2020October 27, 2017 by Samburaj Das

The head of Bank Indonesia, Indonesia’s central bank, has threatened action against bitcoin adopters if the cryptocurrency is used as a method of payment. First reported by CCN.com in early 2014, the country’s central bank issued a public notice warning citizens to be careful of adopting virtual currencies. “Bank Indonesia states that Bitcoin and other … Read more

CCN - Capital & Celeb News > Indonesia

Bitcoin Payments Enabled by Indonesian E-Marketplace

October 6, 2020May 31, 2016 by Samburaj Das

A prominent e-commerce and digital payment platform in Indonesia, KinerjaPay Corp., has enabled bitcoin payments for transactions on its platform. This will be the first time that an e-commerce portal in Indonesia allows for bitcoin transactions on its platform. Users of KinjeraPay Corp., an Indonesian e-commerce platform will now be able to settle transactions on … Read more

CCN - Capital & Celeb News > Indonesia

Bitcoin Remittance Services in Indonesia Could Save Migrant Workers $374 Million

September 23, 2020January 20, 2015 by Gerrard Hartley

In 2010, more than $5 billion was sent back home from Indonesian migrant workers across the world, up 2.44 percent from 2009 ($4.91 billion). That number may seem huge but, in the grand scheme of things, it’s very small. Through the process of remittance, $436 billion looked to be sent back home in total during … Read more