/cdn.vox-cdn.com/uploads/chorus_asset/file/23962442/acastro_STK067__03.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24247717/lp_logo_3.0.jpg){kind=logo}
/cdn.vox-cdn.com/uploads/chorus_asset/file/24016885/STK093_Google_04.jpg)
/cdn.vox-cdn.com/uploads/chorus_asset/file/24808816/Starfield__The_Settled_Systems___Supra_Et_Ultra_____Starfield__The_Settled_Systems___Su)
[ad_1]
The Indonesian province of Bali has said that tourists are not allowed to pay with cryptocurrencies, warning that violators will be “dealt with firmly.”
The government is looking to curb the inflow of foreign tourists as a way of dealing with problematic foreigners who violate local laws.
Offensive foreign tourists to face tougher restrictions
Bali will crack down on foreign tourists who use cryptocurrencies to make payments, according to the province’s governor, Wayne Koster, who spoke at a tourism development press conference on Sunday, May 28. coaster Said Offenders can face deportation, criminal penalties, and other harsher sanctions.
“Foreign tourists who misbehave, do activities that are not permitted in their visa permits, use crypto as a means of payment, and violate other provisions will be dealt with firmly.”
The Bali provincial governor confirmed that the Indonesian rupiah was the only legal currency allowed as a means of payment, adding that the use of any other currency violates Indonesian law and that offenders could be fined up to 200 million rupiah. Up to one year in prison with a fine of up to $13,000.
Koster’s warning comes amid reports of the governor’s plan to be implemented quota system To limit the number of foreign tourists entering the province and also to curb the influx of foreigners who violate local regulations. Bali’s tourism sector, which peaked in 2019, took a hit in 2020 during the COVID-19 pandemic, which caused the island to shut down international flights, severely restricting foreign tourists to the country.
While Bali has reopened its borders, the province said there has been an increase in unruly behavior of tourists, which appears because of Headache for the local people and the government
Crypto is allowed, but not for payment
The head of the Bank of Indonesia for Bali, Trisno Nugroho, said that while crypto was acceptable in the province, its use for payments was not. As reported earlier by crypto potatoBank of Indonesia warns financial institutions against facilitating cryptocurrency payments.
Koster also said that forex trading activities could only take place with permission from Indonesia’s central bank, adding that operating without a license was punishable by a maximum of five years in prison and a maximum fine of 22 billion rupiah ($1.4 million). ) may be fined.
“Violation will be subject to administrative sanctions in the form of written reprimands, obligations to pay fines and prohibition from payment transactions.”
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
[ad_1]
The Indonesian province of Bali has said that tourists are not allowed to pay with cryptocurrencies, warning that violators will be “dealt with firmly.”
The government is looking to curb the inflow of foreign tourists as a way of dealing with problematic foreigners who violate local laws.
Offensive foreign tourists to face tougher restrictions
Bali will crack down on foreign tourists who use cryptocurrencies to make payments, according to the province’s governor, Wayne Koster, who spoke at a tourism development press conference on Sunday, May 28. coaster Said Offenders can face deportation, criminal penalties, and other harsher sanctions.
“Foreign tourists who misbehave, do activities that are not permitted in their visa permits, use crypto as a means of payment, and violate other provisions will be dealt with firmly.”
The Bali provincial governor confirmed that the Indonesian rupiah was the only legal currency allowed as a means of payment, adding that the use of any other currency violates Indonesian law and that offenders could be fined up to 200 million rupiah. Up to one year in prison with a fine of up to $13,000.
Koster’s warning comes amid reports of the governor’s plan to be implemented quota system To limit the number of foreign tourists entering the province and also to curb the influx of foreigners who violate local regulations. Bali’s tourism sector, which peaked in 2019, took a hit in 2020 during the COVID-19 pandemic, which caused the island to shut down international flights, severely restricting foreign tourists to the country.
While Bali has reopened its borders, the province said there has been an increase in unruly behavior of tourists, which appears because of Headache for the local people and the government
Crypto is allowed, but not for payment
The head of the Bank of Indonesia for Bali, Trisno Nugroho, said that while crypto was acceptable in the province, its use for payments was not. As reported earlier by crypto potatoBank of Indonesia warns financial institutions against facilitating cryptocurrency payments.
Koster also said that forex trading activities could only take place with permission from Indonesia’s central bank, adding that operating without a license was punishable by a maximum of five years in prison and a maximum fine of 22 billion rupiah ($1.4 million). ) may be fined.
“Violation will be subject to administrative sanctions in the form of written reprimands, obligations to pay fines and prohibition from payment transactions.”
Binance Free $100 (Exclusive): Use this link to register and get $100 free and 10% off on Binance Futures for the first month. (terms).
PrimeXBT SPECIAL OFFER: Use this link to register and enter the code CRYPTOPOTATO50 to receive up to $7,000 on your deposit.
