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Indonesia Central Bank Among Latest To Ban Crypto As Payment

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pymnts
pymnts
 2021-06-17
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In what may be yet another door slamming shut to the use of cryptocurrency in mainstream commerce, Indonesia is nixing the use of the digital offerings as payments. As reported by Yahoo Finance, the country’s central bank, the Bank of Indonesia, will not allow cryptocurrencies to be used for payments. The prohibition comes via announcement from Governor Perry Warjiyo in remarks made in a virtual seminar this week. As Yahoo Finance reported, crypto will not be used in the form of “other financial services tools.” Financial firms are likely to follow suit, as the central bank will seek their compliance.

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