Indonesia central bank warns over cryptocurrencies
Agusman
âThe ownership of virtual currencies is high risk and prone to speculation because there is no authority who takes responsibility  there is no official administrator and there is no underlying asset to be the basis for the price â  BI spokesman Agusman  said in a statement issued late on Friday.
 He  said that virtual currencies could also be used in money laundering and terrorism funding  and due to all these factors could have an impact on the stability of the financial system and causes losses for society.
â(Cryptocurrency) is not a legal medium of exchange. We remind (people of) its risks. When the risks occur  the losses will be borne by the public. We are obliged to protect consumers and protect them from a bubble â  Agusman  said by telephone on Saturday.
Asked whether such statements from authorities could stir panic among those who had already invested in cryptocurrencies   he  said: âThey didnât consult with us when buying....please help us make the people understand.â
âThe ownership of virtual currencies is high risk and prone to speculation because there is no authority who takes responsibility  there is no official administrator and there is no underlying asset to be the basis for the price â   [TGT] said in a statement issued late on Friday.
  [TGT]   said that virtual currencies could also be used in money laundering and terrorism funding  and due to all these factors could have an impact on the stability of the financial system and causes losses for society.
â(Cryptocurrency) is not a legal medium of exchange. We remind (people of) its risks. When the risks occur  the losses will be borne by the public. We are obliged to protect consumers and protect them from a bubble â   [TGT] said by telephone on Saturday.
Asked whether such statements from authorities could stir panic among those who had already invested in cryptocurrencies   he  said: âThey didnât consult with  [TGT]  when buying....please help  [TGT]  make the people understand.â