The provincial government of Bali, Indonesia, on Sunday warned tourists against paying for goods and services in cryptocurrencies on the popular resort island.
“Strict actions range from deportation, administrative sanctions, criminal penalties, closure of business premises, and other tough sanctions,” Mr Koster added. The report also stated that some tourists from Russia face difficulties with cash payment as their home country is subject to economic sanctions due
Businesses which carry out illicit foreign exchange activities may also face jail terms and fines, he added.
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