According to reports, Indonesia Bank Governor Perry Warjiyo announced at a virtual seminar that the Bank of Indonesia has banned the country’s financial institutions from using cryptocurrencies as payment tools or other financial service tools.

Perry stated: “According to the Constitution, Indonesian Banking Law and Currency Law, cryptocurrency is not a legal payment tool.”

Now, more and more mainstream investors and companies accept cryptocurrencies such as Bitcoin, and some companies even accept Bitcoin, Dogecoin and other cryptocurrencies as payment methods.

For example, in March this year, the US payment technology company Visa stated that it will allow users to use the encrypted currency USD Coin (USDC for short) to settle transactions on its payment network.

In April of this year, online retailer Newegg announced that the company accepted Dogecoin as an official payment method.

The company's move pushed up the price of Dogecoin. In the same month, WeWork, a shared office space company, stated that it would accept cryptocurrencies such as Bitcoin, Ethereum, USD Coin, and Paxos as payment methods.

In addition, in May of this year, foreign media reported that the US space exploration technology company SpaceX will accept Dogecoin as payment.

According to reports, the company plans to launch the DOGE-1 moon landing mission in the first quarter of next year. The cost of the mission will be paid by Dogecoin.

However, the environmental issues caused by cryptocurrency mining have also raised concerns among mainstream investors and companies. Tesla CEO Elon Musk and Bitcoin miners stated that they hope to solve the sustainability problem of cryptocurrencies.
Axact

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