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Bali business owner arrested for accepting crypto payment
The Bali Police arrested Monday an owner of car rental business for accepting cryptocurrency payment for. Police said he was the first business owner in Indonesia arrested for accepting cryptocurrency.
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People walk along Kuta beach during sunset on the Indonesian resort island of Bali on March 11. (AFP/Sonny Tumbelaka)
T
he Bali Police arrested on Monday the owner of a car rental business for accepting cryptocurrency payments. Police said he was the first business owner in Indonesia to be arrested for accepting cryptocurrency.
Police spokesperson Sr. Komr. Stefanus Satake Bayu Setianto told a press conference on Tuesday that the 33-year-old man was arrested in Jimbaran, Bali.
"He has advertised his business on social media, and said he accepts cryptocurrency as a payment," Satake said.
From the suspect, police have also seized Rp 3.4 million (US$227) in cash, an ATM card and a mobile phone used to manage his social media and crypto asset accounts.
Satake said the suspect was charged with violating the 2011 Currency Law that bans the use of currencies other than the rupiah, which carries a maximum penalty of one year in prison or Rp 200 million in fines.
Bali Police cybercrime unit head Adj. Sr. Comr. Nanang Prihasmoko said the arrest was the result of an investigation following information about the use of crypto for payments in Bali.
Nanang said investigators disguised as would-be renters for the arrest.
