The other day Indonesia put forward a ban in the field of cryptography, which surprised many. The Financial Services Authority of Indonesia has banned financial firms from participating in crypto trading in any way. The management also refers to the fact that often a fraudulent scheme (fraudulent Ponzi schemes) can hide behind the cryptocurrency. The department is trying to secure the financial situation of the country, but still the statement caused a lot of noise.
The management also warned people that they can invest their capital in crypto assets. But Cryptocurrency and crypto assets are not legal payment in Indonesia.
