The government of Bali, Indonesia, recently cracked down on cryptocurrency payments for goods and services and reminded tourists that the Indonesian rupiah is the only legal currency. Some tourists expressed their dissatisfaction with the decision, saying they would not visit again.
On May 28, the Indonesian government confirmed that tourists who will use cryptocurrency for payments will be “handled firmly.” They may be subject to penalties such as deportation, criminal penalties, and administrative penalties. In addition, companies caught accepting cryptocurrencies can also be punished and forced to shut down their operations.
The community shared different responses with some saying the ban was “logical” and some threatening not to visit the tourist area again.
On Reddit, a community member subscriber Their belief that the payment method used “should be left up to the companies and customers”. The Redditor said that if both parties are willing to accept the risks of using cryptocurrency as a method of payment, they should be given permission to proceed with their transactions.
On the other hand, Redditor Believes The ban “makes sense” for Indonesia. According to community members, the state uses the tourists’ money to “support their currency”. This allows the currency to retain its value. Despite this, the Redditor still expressed disagreement with the ban.
Related: Indonesia aims to launch a national cryptocurrency exchange by June
While some have given arguments and points of view on the issue, others have opted for a simpler approach – reconsidering their plans to visit Bali. member of the community books:
While many opposed the ban, some came to Indonesia’s defense. According to the Redditor, they are just protecting their income. Taxes can only be applied where there are regulations. In this case, the community member believes that Indonesia does not have this yet. “They see their cash cow run away and they can’t do anything to stop it. So there’s only one thing to do: build fences,” books.
Tourism is a very important sector that contributes to the economy of Bali. research Offers The tourism sector accounts for approximately 28% of Bali’s income. Helps the economy by creating opportunities and jobs for the local population. This indicates that if tourists stop visiting the country, this could lead to lower incomes as well.
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