Hold Your Bitcoin Payments in Bali! Tourists May Face Deportation
Cryptocurrency adoption is at its peak. Several governments across the globe have been embracing Bitcoin [BTC] and the rest of the market. However, quite a few are still not on board with the inclusion of digital assets into their existing financial system. Prominent tourist hotspot Bali recently joined the ranks of the latter. During the weekend, the Bali government made it clear that it holds a negative stance toward cryptocurrencies. Wayan Koster, the governor of Bali, held a press conference. He announced that tourists who choose to make payments for goods and services using crypto assets will face strict scrutiny. The government intends to closely monitor and regulate such transactions within the region. He further added, “Foreign tourists who behave inappropriately, do activities that are not allowed in their visa permit, use crypto as a means of payment, and violate other provisions will be dealt with firmly. Strict actions range from deportation, administrative sanctions, c...