Bali will struggle with digital assets in the tourism field

Local authorities in Bali (Indonesia) are going to prevent the use of cryptocurrencies by tourists as a means of payment as much as possible. This news was reported by the publication Antara.

Details of the initiative

According to the governor of the province, Wayan Koster, foreign tourists who behave incorrectly, conduct events that are not approved by a visa, use digital assets as a payment method, etc. will be severely punished.

Under the measure, it is proposed to deport, establish administrative and criminal penalties. It is also proposed to close the business or introduce other measures in the form of this.

At the same time, the governor made a reminder that it is worth studying the law of 2011. It specifies the rules for regulating foreign currencies as a payment method. This applies to absolutely all currencies that differ from the rupee.

At the same time, if you use foreign currency without obtaining a special permit from the Bank of Indonesia, you can get a real term from one year to 5 years. It is also possible to impose a fine from 50 million rupees — about 3.3 thousand dollars to 22 billion — about 1.4 million dollars.

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