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Bali Police recently went undercover as customers to expose a covert network of transactions involving cryptocurrency payments.
The operation led to the arrest of TS, 33, a car rental entrepreneur, at his business premises in Jimbaran on Monday.
The Cyber Unit of the Bali Police launched an investigation after receiving reports of an increasing number of individuals using cryptocurrency for transactions on the Island of Gods.
#bali #indonesia #cryptocurrency #cryptoregulations #cryptoonindia
The operation led to the arrest of TS, 33, a car rental entrepreneur, at his business premises in Jimbaran on Monday.
The Cyber Unit of the Bali Police launched an investigation after receiving reports of an increasing number of individuals using cryptocurrency for transactions on the Island of Gods.
#bali #indonesia #cryptocurrency #cryptoregulations #cryptoonindia
Local authorities have warned that tourists who attempt to use crypto as a means of payment will be "dealt with firmly."
Foreign tourists who use crypto as a means of payment in Bali will be "dealt with firmly," local authorities have warned.
Speaking at a tourism development press conference on Sunday, Bali Governor Wayan Koster said that visitors who pay with crypto or break other rules could be deported, face criminal penalties, or be dealt tough sanctions.
#bali #indonesia #cryptoban #cryptocurrency #cryptoonindia
Foreign tourists who use crypto as a means of payment in Bali will be "dealt with firmly," local authorities have warned.
Speaking at a tourism development press conference on Sunday, Bali Governor Wayan Koster said that visitors who pay with crypto or break other rules could be deported, face criminal penalties, or be dealt tough sanctions.
#bali #indonesia #cryptoban #cryptocurrency #cryptoonindia
