Bitcoin in early 2017 was phenomenal, the price passed 10 thousand dollar marks. Even touch 20 thousand dollar also, before falling to the lowest level since 2015. Bitcoin had created many new rich one in Indonesia, the one who sell on top price, enjoy the cheaper price now.
Actually bitcoin not purely legal in Indonesia, policy maker still withhold the regulation on bitcoin. They still don't recognize as crypto currency, just a stock or like gold matter. So it is not allowed to use as buying thing in Indonesia.
The company who break the law could be closed, as Rupiah the only currency permitted for buying and selling in Indonesia. However as the price of bitcoin went down to the lowest level, the authority seem to relaxes the law. Bitcoin is not forbid in Indonesia, people can sell or buy bitcoin as commodity just like gold.
New regulation also in place regarding the bitcoin exchange, which should have capitol 80 million dollar or equal to 1.5 trillion rupiah. Little bit heavy if compare to the exchange in the region. But this is a good sign to promote bitcoin and for sure to return back the price as before.
Although quiet impossible, because now the mining bitcoin also became easier. At least with more investor the price of bitcoin can help the price other crypto like altcoin, which suffer the huge loss after bitcoin price fall significantly.
If you are interested in trading or investing bitcoin, there are some exchange in Indonesia and it is legal. So your investment would be safe, just learn the floating of the price, since investing in bitcoin is high risk. You will experience the price movement like roller coaster and give you surprise in between.
