OJK, Bank Indonesia Discuss Bitcoin for Investment

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  • TEMPO.CO, Jakarta - The Financial Services Authority (OJK) and Bank Indonesia (BI) have started the discussion on Bitcoin that is being used for investment.

    “We’re still discussing it, the public should at least understand the risks. As well as the financial industries when they trade with Bitcoin. It must be reported to us. We are discussing the matter intensively with BI,” said OJK Board of Commissioner Chairman Wimbah Santoso in a press conference on Thursday, December 21.

    Read: BI Prohibits Bitcoin Transactions

    According to Wimboh, the authority could yet to define what kind of product Bitcoin is.

    “We should identify what product it is, whether it is a payment system product or something else. If it’s a means of payment, then it should refer to Bank Indonesia,” he said.

    Previously, Finance Minister Sri Mulyani Indrawati hopes that the public would avoid speculating into investing in digital cryptocurrencies such as Bitcoin. Cryptocurrencies are currently popular after Bitcoin has steadily increased in value.