Bali warns tourists to use cryptocurrencies for payments

Bali warns tourists to use cryptocurrencies for payments
The Indonesian province of Bali has declared that tourists are not allowed to make payments with cryptocurrencies, and warned that violations are "strictly pursued".
The government tries to contain the influx of foreign tourists in order to act against problematic foreigners who violate local laws.
insult of foreign tourists must expect hard sanctions
according to the governor of the province, Wayan Koster, who spoke on a press conference on tourism development on Sunday, May 28th, Bali will act against foreign tourists who use cryptocurrencies as a means of payment. Koster said that offenders should expect deportation, criminal sanctions and other hard sanctions.
"foreign tourists who behave inappropriately, carry out activities that are not allowed in their visa permit, use crypto as a means of payment and violate other provisions are strictly punished."
The provincial governor of Bali emphasized that the Indonesian Rupiah was the only legal currency that was approved as a means of payment, and explained that the use of any other currency violated the Indonesian law and criminals with a one -year prison sentence and a fine of up to 200 million Rupiah ($ 13,000).
Koster's warning is in the middle of reports on the governor's plan to introduce a quota system in order to limit the number of foreign tourists in the province and also contaminate the influx of foreigners that violate local regulations. Balis tourism sector, who reached its peak in 2019, suffered a blow in 2020 during the Covid 19 pandemic, which meant that the island closed international flights and thereby severely restricted the entry into the country.
While Bali has now opened its borders again, the province stated that the unruly behavior of tourists has increased, which apparently causes the locals and the government.
crypto is allowed, but not for payments
The head of the Bank of Indonesia for Bali, Trisno Nugroho, said that cryptocurrencies in the province are acceptable, but their use as a means of payment. As already reported, Kryptoctok potato the Bank of Indonesia warned financial institutions against facilitating cryptocurrency payments.
Koster also explained that foreign exchange transactions can only take place with the approval of the Indonesian central bank, and added that business without license could be punished with a maximum penalty of a maximum of five years and a fine of a maximum of 22 billion rupiah ($ 1.4 million).
"Violations are punished with administrative sanctions in the form of written references, obligations for fines and payments."
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