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TRENDING: BI investigates use of bitcoin in Bali
Language : hindi
Business . Difficult
22-01-2018 12:53:45 .
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Bank Indonesia (BI) is investigating alleged bitcoin transactions made in Bali after it found indication of the activity on social media. 
 
BI Bali office head Causa Iman Karana said according to social media content, Bali was haven for transactions using the cryptocurrency. 
 
According to results from the investigation, which kicked off late December after BI's ban, two cafes have been accepting bitcoin as payment method. 
 
It was previously found that 44 businesses, including car rental operations, hotels, travel agencies and jewellery shops, welcomed bitcoin transactions. 
 
Karana said one of the cafes accepted transactions using bitcoin for invoices of more than Rp 243, 000 (US$18. 25), which is equivalent to 0. 001 bitcoins. It took the cafe an hour and half to process each transaction, while the administration fee was Rp 123, 000. 
 
Source: Jakarta Post 
DIFFICULT WORDS
cryptocurrency administration investigation investigating transactions transaction businesses indication equivalent operations
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