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Bali Government Cracks Down on Crypto Payments by Foreign Tourists

Bali Government Cracks Down on Crypto Payments by Foreign Tourists

The government of Bali, Indonesia, is cracking down on the use of cryptocurrency as a means of payment by foreign tourists. “Strict actions range from deportation, administrative sanctions, criminal penalties, closure of business premises, and other tough sanctions,” said the governor of Bali.

Strict Penalties Imposed for Foreign Tourists Using Crypto in Bali, Warns Governor

The Bali provincial government is cracking down on the use of cryptocurrency as a means of payment by foreign tourists in hotels, restaurants, shopping centers, and various other establishments, according to a report from the Antara Indonesian News Agency.

Bali Governor Wayan Koster said at the Bali tourism development press conference Sunday:

Foreign tourists who behave inappropriately, do activities that are not allowed in their visa permit, use crypto as a means of payment, and violate other provisions will be dealt with firmly.

“Strict actions range from deportation, administrative sanctions, criminal penalties, closure of business premises, and other tough sanctions,” the governor detailed.

Koster clarified that the ban on using cryptocurrencies or any currencies other than the Indonesian rupiah as a payment method is in accordance with Law No. 7 of 2011 on Currency. Under this law, individuals who use currencies other than the rupiah may face penalties of up to one year of imprisonment and a maximum fine of Rp200 million (US$13,300).

The governor further explained that individuals engaged in foreign exchange business activities without proper authorization from Bank Indonesia, the country’s central bank, may face penalties ranging from a minimum of one year to a maximum of five years of imprisonment. Additionally, they may be subject to a minimum fine of Rp50 million (US$3,300) and a maximum fine of Rp22 billion (US$1.4 million).

In addition, Bank Indonesia Regulation No. 17/3/PBI/2015 establishes the requirement for the use of the Indonesian rupiah within the Indonesian territory. Koster stressed:

Violations will be subject to administrative sanctions in the form of written reprimands, obligations to pay fines, and prohibitions from payment transactions.

While crypto’s use as a payment instrument is prohibited, Trisno Nugroho, head of Bank Indonesia’s Bali province representative office, clarified that crypto as an asset is allowed.

What do you think about the Bali provincial government cracking down on payments using cryptocurrencies by foreign tourists? Let us know in the comments section below.

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    "In the crypto world, this is great news I want to share. Last year, I fell victim to a scam disguised as a safe investment option. I have invested in crypto trading platforms for about 10yrs thinking I was ensuring myself a retirement income, only to find that all my assets were either frozen, I believed my assets were secure — until I discovered that my BTC funds had been frozen and withdrawals were impossible. It was a devastating moment when I realized I had been scammed, and I thought my Bitcoin was gone forever, Everything changed when a close friend recommended the Capital Crypto Recover Service. Their professionalism, expertise, and dedication enabled me to recover my lost Bitcoin funds back — more than €560.000 DEM to my BTC wallet. What once felt impossible became a reality thanks to their support. If you have lost Bitcoin through scams, hacking, failed withdrawals, or similar challenges, don’t lose hope. I strongly recommend Capital Crypto Recover Service to anyone seeking a reliable and effective solution for recovering any wallet assets. They have a proven track record of successful reputation in recovering lost password assets for their clients and can help you navigate the process of recovering your funds. Don’t let scammers get away with your hard-earned money – contact Email: [email protected] Phone CALL/Text Number: +1 (336) 390-6684 Contact: [email protected] Website: https://recovercapital.wixsite.com/capital-crypto-rec-1

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