{"id":535913,"date":"2023-05-31T16:00:43","date_gmt":"2023-05-31T16:00:43","guid":{"rendered":"https:\/\/ktsl888.com\/?p=535913"},"modified":"2024-06-11T14:37:09","modified_gmt":"2024-06-11T14:37:09","slug":"car-rental-owner-arrested-in-bali-for-accepting-crypto-payments","status":"publish","type":"post","link":"https:\/\/ktsl888.com\/news\/car-rental-owner-arrested-in-bali-for-accepting-crypto-payments\/","title":{"rendered":"Car Rental Owner Arrested In Bali For Accepting Crypto Payments"},"content":{"rendered":"<p><span style=\"font-weight: 400\">Bali police have arrested a car rental owner in the state for accepting payments in crypto assets. The arrest came after the state government warned against using cryptocurrencies as payment options for any transaction.<\/span><\/p>\n<h2>Bali Police Worked Undercover To Arrest Car Rental Business Owner<\/h2>\n<p><span style=\"font-weight: 400\">While working undercover as customers, Bali police agents arrested an individual identified as TS (33) on May 29 in Jimbaran, Badung, in Bali, Indonesia.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The Bali Police\u2019s Cyber Unit started its investigations following increasing reports of people using crypto assets for transactions in the state. These include businesses like car rentals, cafes, hotels, property agencies, and others.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/analysis\/ltc\/bullish-case-for-litecoin-grows-stronger-as-ltc-halving-draws-close\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close<\/a><\/div>\n<p><span style=\"font-weight: 400\">Chief of the Crime Investigation Unit Nanang Prihasmoko spoke to <\/span><a href=\"https:\/\/www.cnnindonesia.com\/nasional\/20230530135954-12-955787\/polda-bali-tangkap-pengelola-rental-mobil-layani-transaksi-kripto\" rel=\"nofollow\"><span style=\"font-weight: 400\">CNN Indonesia<\/span><\/a><span style=\"font-weight: 400\"> about the arrest.\u00a0<\/span><span style=\"font-weight: 400\">The unit chief stated that the police contacted the suspect as a potential renter by secretly infiltrating a car rental group on the Telegram app.<\/span><\/p>\n<p><span style=\"font-weight: 400\">The police then requested TS&#8217;s crypto wallet address for rental payment and set a physical meeting to conclude all arrangements.\u00a0 <\/span><span style=\"font-weight: 400\">Finally, the police arrested the car rental owner at the point of the meeting. <\/span><\/p>\n<p><span style=\"font-weight: 400\">Prihasmoko revealed that TS had started accepting crypto payments from foreigners on the island three months ago.\u00a0 And f<\/span><span style=\"font-weight: 400\">ollowing his arrest, the police seized some of the suspect\u2019s assets, including his mobile phone used for crypto transactions. <\/span><span style=\"font-weight: 400\">They also seized an Indodax account, a Pajero Sport vehicle, his ATM card, a Telegram account, and Telegram screenshots.<\/span><\/p>\n<p><span style=\"font-weight: 400\">According to Nanang, using any other currency for payments or financial obligations except the Indonesian rupiah violates Indonesian law. <\/span><span style=\"font-weight: 400\">Offenders of such law could face one-year imprisonment and a penalty fine of IDR 200 million.<\/span><\/p>\n<h2>Bali Warned Against Using Crypto For Payments<\/h2>\n<p><span style=\"font-weight: 400\">The government of Bali has previously <\/span><a href=\"https:\/\/www.straitstimes.com\/asia\/se-asia\/stop-paying-in-crypto-bali-governor-warns-foreign-tourists\" rel=\"nofollow\"><span style=\"font-weight: 400\">warned<\/span><\/a><span style=\"font-weight: 400\"> against the use of cryptocurrencies for payments in the region. <\/span><span style=\"font-weight: 400\">In a statement by Bali Governor Wayan Koster, the ban on crypto payments cuts across different areas such as shopping, accommodations, restaurants, rentals, and other activities.<\/span><\/p>\n<div class=\"related-reading-shortcode\">Related Reading: <a href=\"https:\/\/ktsl888.com\/altcoin\/here-are-the-top-3-chinese-coins-to-buy-as-china-leads-the-bull-run\/?swcfpc=1\" target=\"_blank\" rel=\"noopener \">Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run<\/a><\/div>\n<p><span style=\"font-weight: 400\">The governor mentioned that anyone caught in the act would be strictly punished and the penalty could even include a forceful closure of the offenders&#8217; businesses in the state.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Furthermore, Governor Koster extended the warning against crypto use to tourists and other foreigners within the island state. <\/span><span style=\"font-weight: 400\">He said the state has zero tolerance for violating laws and improper actions from tourists. <\/span><span style=\"font-weight: 400\">According to the governor, foreigners violating Balian laws could face deportation,\u00a0 sanctions, or penalty fines.<\/span><\/p>\n<p><span style=\"font-weight: 400\">Indonesia only encourages the use of its local currency, the Indonesian rupiah. It is the only legal tender permitted for conducting transactions in the country.<\/span><\/p>\n<p>Featured image from Pixabay and chart from TradingView<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Bali police have arrested a car rental owner in the state for accepting payments in crypto assets. The arrest came after the state government warned against using cryptocurrencies as payment options for any transaction. Bali Police Worked Undercover To Arrest Car Rental Business Owner While working undercover as customers, Bali police agents arrested an individual identified as TS (33) on May 29 in Jimbaran, Badung, in Bali, Indonesia. The Bali Police\u2019s Cyber Unit started its investigations following increasing reports of people using crypto assets for transactions in the state. These include businesses like car rentals, cafes, hotels, property agencies, and others. Related Reading: Bullish Case For Litecoin Grows Stronger As LTC Halving Draws Close Chief of the Crime Investigation Unit Nanang Prihasmoko spoke to CNN Indonesia about the arrest.\u00a0The unit chief stated that the police contacted the suspect as a potential renter by secretly infiltrating a car rental group on the Telegram app. The police then requested TS&#8217;s crypto wallet address for rental payment and set a physical meeting to conclude all arrangements.\u00a0 Finally, the police arrested the car rental owner at the point of the meeting. Prihasmoko revealed that TS had started accepting crypto payments from foreigners on the island three months ago.\u00a0 And following his arrest, the police seized some of the suspect\u2019s assets, including his mobile phone used for crypto transactions. They also seized an Indodax account, a Pajero Sport vehicle, his ATM card, a Telegram account, and Telegram screenshots. According to Nanang, using any other currency for payments or financial obligations except the Indonesian rupiah violates Indonesian law. Offenders of such law could face one-year imprisonment and a penalty fine of IDR 200 million. Bali Warned Against Using Crypto For Payments The government of Bali has previously warned against the use of cryptocurrencies for payments in the region. In a statement by Bali Governor Wayan Koster, the ban on crypto payments cuts across different areas such as shopping, accommodations, restaurants, rentals, and other activities. Related Reading: Here Are The Top 3 Chinese Coins To Buy As China Leads The Bull Run The governor mentioned that anyone caught in the act would be strictly punished and the penalty could even include a forceful closure of the offenders&#8217; businesses in the state. Furthermore, Governor Koster extended the warning against crypto use to tourists and other foreigners within the island state. He said the state has zero tolerance for violating laws and improper actions from tourists. According to the governor, foreigners violating Balian laws could face deportation,\u00a0 sanctions, or penalty fines. Indonesia only encourages the use of its local currency, the Indonesian rupiah. It is the only legal tender permitted for conducting transactions in the country. Featured image from Pixabay and chart from TradingView<\/p>\n","protected":false},"author":584,"featured_media":522799,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[3],"tags":[88355,289,6664,3451],"class_list":["post-535913","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-atm-card","tag-bali","tag-crypto","tag-police"],"acf":[],"yoast_head":"\n<title>Car Rental Owner Arrested In Bali For Accepting Crypto Payments<\/title>\n<meta name=\"description\" content=\"The arrest came after the state government warned against using cryptocurrencies as payment options for any transaction.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" 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