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<h3 id="cryptocurrency-are-not-banned-in-bali-but-paying-for-products-and-services-with-them-is-prohibited">Cryptocurrency are not banned in Bali, but paying for products and services with them is prohibited</h3>Bali authorities will fight against foreign tourists. Who pay with cryptocurrency in hotels, restaurants, tourist centers, stores and other places, the Indonesian edition of <a href="https://en.antaranews.com/news/283182/bali-to-crack-down-on-foreign-tourists-using-crypto-as-payment" rel="noopener noreferrer nofollow">Antara</a> reported. Cryptocurrencies are not banned in the country, but they cannot be used as a means of payment from 2021.“Foreign tourists who behave inappropriately. And violate visa restrictions and other regulations and use cryptocurrency as a means of payment, will be severely punished.” This was announced by Bali Governor Wayan Koster at a press conference on tourism development in Bali.Koster recalled that in Indonesia it is illegal to use currencies other than the local rupiah as a means of payment. Violation of the law is punishable by imprisonment of 1 to 5 years. And also a fine from 50 million rupees ($3.3 thousand) to 22 billion rupees ($1.4 million).Tourists can be deported, and violators also face administrative and criminal penalties. As well as the closure of commercial premises, bans on payment transactions and other harsh sanctions, Koster said.<a href="https://crypto-upvotes.com/about-us/" rel="noopener noreferrer nofollow">Our experts</a> note that cryptocurrency trading is allowed in Indonesia. In January, the country’s government announced plans to launch a national cryptocurrency exchange by the end of 2023.

Tourists will be deported from Bali for paying for products and services in crypto

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