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Indonesia bans fintech firms in payments from using cryptocurrencies

Reuters  |  JAKARTA 

JAKARTA (Reuters) - Indonesia's central bank has issued a regulation banning use of cryptocurrencies by financial technology companies involved in payment systems, and said it is examining whether there's a need to regulate trading on virtual currency exchanges. "Financial technology operators are banned from using virtual currency in payment system activities," said Sugeng, a deputy governor at Bank Indonesia (BI).The regulation, signed in November but made public on Thursday, requires financial technology companies involved in processing payments, such as e-wallets, to register at BI to ...

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First Published: Thu, December 07 2017. 16:34 IST
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