Indonesia bitcoin ban
Indonesia Trains Lawyers in Crypto Crime as Bitcoin Ban Continues
October 11, 2019
Indonesia bitcoin ban
Indonesia Trains Lawyers in Crypto Crime as Bitcoin Ban Continues
October 11, 2019

The Attorney General of Indonesia gathered attorneys from eight different countries for a four-day cryptocurrency course according to a local news report from Oct. 1.

Training to Counter Illegal Activities Involving Bitcoin

The training of the crypto course was in response to illegal activities worldwide involving digital tokens such as Bitcoins.

In early 2018 Indonesia took the step to ban all forms of cryptocurrency although a year later it recognized it as a commodity while still continuing its ban.

Deputy Attorney General Dr. Arminsyah commented:

The development of technology and cryptocurrency crime that follows it will always grow without slowing down, let alone waiting for us to catch up, it will instead continue to go so fast, leaving behind anyone who’s too late to anticipate and adopt it.

He continued:

Cross-country cryptocurrency crime must be seen as a common enemy, therefore it cannot be addressed or faced partially by each country but must be prevented, fought, and eradicated holistically and together.

ALSO READ :  Morningside School Of Music Accepts Cryptocurrencies For Music Lessons

Fighting Crypto-Based Crimes

The event saw attendance from Singapore, Malaysia, Turkey, Thailand, Australia, Russia, and Hong Kong.

Arminsyah hopes the legal training would lead to more concerted efforts to fight crypto-based crime.

He summarized:

I hope that the coordination established by the trainees is not merely formal… but also through informal cooperation, prosecutors to prosecutors, police to prosecutors, and customs to prosecutors, helping each other in the form of information delivery, data, advice, and the provision of facilities when they need each other.

Earlier, China issued a notice to ban crypto mining in Inner Mongolia on checking and rectifying virtual currency mining. The notice demanded the removal of the province’s crypto mining enterprises.

Source: | Image:


Crypto News Point a news platform of Digital Notice Media Labs is primarily a regular publication of information, commentary and articles focused extensively on fintech, blockchain technology, cryptocurrency, blockchain-based tokens, cryptocurrency market trends, and trading strategies. We do not provide individually tailored investment advice and does not take a subscriber’s or anyone’s circumstances into consideration when discussing investments, nor is Crypto News Point registered as an investment adviser or broker-dealer in any jurisdiction. Information contained herein is not an offer or solicitation to buy, hold, or sell any digital assets.

Affiliate Disclosure: To help support the work we do here at CNP, we often link to products and deals from around the web. Should you buy some of these, we may get a portion of the sale.

We in generally gather content from the major websites. In every article there is always a clear link and attribution to the source publication. If you have any issue with any of our published content taken from your site, kindly let us know so that we can take appropriate action. In any case, the content of the pages of this website is for your general information and use only. It is subject to change without notice.

You May Also like

Jafrin Ahmed

Crypto newbie passionate about creating resourceful content on blockchain technology, cryptocurrencies and decentralized apps.