why ya bitcoin haram in indonesia

Bitcoin 'Haram' in Indonesia

Bitcoin.

In Southeast Asia, Indonesia with Bitcoin and Malaysia via Coinbox also offers services related to cryptocurrency.

Indonesian banks officially prohibit payment transactions using virtual currency ranging from Ethereum to Bitcoin starting 2018, as it is not the official currency in Indonesia.

the Governor of Bank Indonesia Agus Dermawan Wintarto Martowardojo explained that in the near future beleid will be issued.

however, it has issued a Bank Indonesia Regulation (PBI) whose content explicitly prohibits the provision of financial technology (fintech) and e-commerce, as well as payment system providers using and processing virtual currency.

"This is to prevent money laundering, terrorism financing and maintain the sovereignty of the Rupiah as legal tender in NKRI," said Agus Marto.

initially, in 2014, he told me that actually BI has issued an official statement related to this cryptocurrency, where the virtual currency that has no legal tender is not valid in NKRI, then applied as a commodity.

two years later, in 2016, the central bank issued PBI Number 18/40 / PBI / 2016 which explicitly prohibited payment transactions for transactions supporting cryptocurrency in this case the purchase or sale transactions.

the affirmation, Agus Marto said, is to prevent arbitrage opportunities, unhealthy business practices, and business control by parties outside the reach of the law of NKRI that could damage the industrial structure.

he said BI would issue rules for fintech actors, including e-commerce, to implement prudential principles, safeguard business competition, risk control, and consumer protection.

last year, precisely in early December, the central bank reaffirmed the ban on fintech and e-commerce to engage in payment system activities using virtual currency through PBI No. 19/12 / PBI / 2017 on Financial technology encoding.

"We require all fintech activists engaged in the payment system to register with Bank Indonesia, report on activities, and conduct trials in the Regulatory Sandboxwe will also collaborate with the Financial Services Authority and the Ministry of Communications and Informatics, "he explained.

Not only BI and OJK, but the Indonesian Ulema Council also appealed to Muslims not to invest Bitcoin.

chairman of the MUI Da'wah Commission, KH Cholil Nafis said, although not yet issued a fatwa, but he cautioned in the virtual currency transactions.

"Before any official fatwa of Muslims should be careful, do not invest in any potential gharar (trickery)," he said.

on a separate occasion, observers of information technology Onno W Purbo rate, to the extent that the knowledge that is prohibited in Indonesia is to conduct transactions with currencies other than the Rupiah.

"It's more about sovereignty issueswe may not trade with US dollars or Yen or other foreign currencies in Indonesia. This is true. But, that does not mean we should not have it right? "He told VIVA.

regarding his views on Bitcoin's illicit fatwa in a number of countries such as Egypt and Saudi Arabia, it has the following analogy.

"I am not a religious scholarif according to what I understand is the unlawful gambling, alcohol consumption, pigs, usury, dressed unworthy and polytheists. Well, Bitcoin does not go into all the segments I mentioned. So, I'm confused if (Bitcoin) is said to be haram, "he said, asserting. (One)

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