Reject Bitcoin, Indonesian Government Supports Blockchain Usage

The government through the Ministry of Communications and Informatics (Kominfo) affirmed rejecting the existence of digital money transactions, Bitcoin, in Indonesia. Instead of supporting Bitcoin, Kominfo prefers the use of Blockchain. This was revealed by the Minister of Communications and Informatics (Menkominfo) Rudiantara some time ago. Described by the man who is familiarly called Chief RA, Blockchain gives more transparency than Bitcoin.

"Blockchain is something that is unavoidable, I support Blockchain because it gives transparency in every transaction, for example, in a money transfer service, he can know it's money from where it came from," he said, quoted from the Kominfo page on Tuesday (12/12/2017) .

Rudiantara said Bitcoin has a risk that affects economic transactions. That's because Bitcoin does not have a clear source of ownership and tends to be a commodity rather than a digital currency. "Bitcoin, in quotation marks, created Black Economy, we do not know where it came from Bitcoin, it's more a commodity than a digital currency," Rudiantara added. Described by Steven Suhadi, Co-Founder BlockTech Company, Blockchain can be used for a variety of purposes. Indeed Bitcoin itself is one of the utilization of Blockchain.

"Startup can use Blockchain to enter the global market This can disrupt current disruption Blockchain is not Bitcoin Not only in financial companies, Blockchain can also counteract Fake News, used by media companies to confirm traffic, both articles and advertisements," he said

 Bank Indonesia itself has prohibited users of Bitcoin currency through Bank Indonesia Regulation (PBI) Number 19/12 / PBI / 2017 on Financial technology encoding. Under the regulation, Bank Indonesia prohibits the perpetrators of Fintech to engage in payment system activities using the Bitcoin currency. The Fintech company found to be Bitcoin threatened with the revocation of permits.