The Indonesian Central Bank has resumed its campaign against digital currencies as it ordered a ban on the use of the leading virtual currency Bitcoin as a method of payment. The bank claimed that Bitcoin represents neither a legal nor a recognized medium of exchange and payment in Indonesia.
The latest action by the central bank was seen as the reason behind the closure of the Indonesia-based Bitcoin payment platforms BitBayar and TokoBitcoin. BitBayar, an alternative to services such as BitPay, has issued a notice that it will stop its services on Nov. 1…
