Crypto News 

Another central bank just issued a warning about cryptocurrencies

“Indonesia’s central bank has issued a fresh warning about trading in cryptocurrencies like bitcoin because of the risk of losses to the public and even a potential threat to the stability of the financial system” writes Adam Jeffery for cnbc.com. Bank Indonesia (BI) has previously said that cryptocurrencies were not recognized as a legal medium of exchange, so that they could not be used as a means of payment in Indonesia.Bitcoin.co.id, an Indonesian online cryptocurrency exchange, said on its website that bitcoin was trading at 217.44 million rupiah ($16,288) per unit.Prices later rebounded on the Luxembourg-based Bitstamp, bitcoin to stand at $14,116 in latest trading after touching $12,800 this week. Some Indonesian merchants, including an online babyware supplier, indicate on their websites that they accept payment in Bitcoin.
 
Source: cnbc.com



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