Skip to main content
110% Deposit Bonus from mBit

Indonesia’s Bitcoin Adoption Hints Rise of Online Gambling

With Bitcoin now being sold at more than 10,000 Indomaret convenience stores in the country, will Indonesians indulge in Bitcoin online gambling?

Years back, Indonesia was firm on banning online gambling. However, with Bitcoin gaining grounds in the peninsula, will the country’s betting enthusiasts find their new found love in Bitcoin games?

Bitcoin Indonesia’s efforts to adopt Bitcoin marked another milestone by making the digital currency available for purchase in more than 10,000 Indomaret convenience stores across the country.

Similar to the concept used in Argentina, Oscar Darmawan, founder of Bitcoin Indonesia, however, said this project serves as a tool that enables millions of unbanked locals to take advantage of Bitcoin and its benefits more than to merely serve as a promotion of the cryptocoin.

Unlike the system used in Argentina, Bitcoin users in Indonesia looking to buy the digital currency at any Indomaret store must first acquire a code provided by Bitcoin.co.id. Choosing the ‘Top-up via Indomaret’ option is a required step before going to the store and paying for their purchased bitcoins in cash.

This requires users to first have a registered account with the said Bitcoin exchange and to have a working Internet connection, which, according to Darmawan, is an aspect that is currently being addressed.

A new product that will make Bitcoin purchases via Indomaret without the need for online services is already in the works, he added.

Now that Bitcoin has become more widely available to Indonesians, the question of whether the instances of users engaging in Bitcoin gambling will increase becomes an interesting topic.

In 2012, it was reported that Indonesian ministries were collaborating to completely ban all activities related to online gambling within the country.

However, Bitcoin is not regarded as currencies or legal tender by Bank Indonesia, the country’s central bank, as of February of this year. Therefore, this should provide local bettors with legal reasons to place wagers on Bitcoin casinos and sports betting platforms.

Meanwhile, Bitcoin Indonesia is optimistic about its Bitislands project as more establishments are beginning to adopt the digital currency to achieve its goal of making the popular tourist destination, Bali, a Bitcoin island.

Stake Simple Signup, Instant Withdrawals and Exclusive VIP Benefits

LATEST CASINO NEWS & INTERVIEWS


News

888Tron Token Becomes Universal Gaming Currency

December 6, 2021

888Starz.bet levels up with the recent news about its own 888Tron token, plus new exciting bonuses and offers to watch out for.

LevelUp Casino Adds More Games, Upgrades Bonuses and Payment Systems

December 2, 2021

Now is the best time to play at LevelUp as new games and payment methods have been added, with bonuses better than ever!

2 New Crypto Casinos Have Shut Down

November 29, 2021

Bitcoin casinos Crypto1Casino and TropicalBit24 Casino will no longer be operational, just a few months after their launch.

Interviews

Interview with Eman Pulis, Founder of SiGMA

July 14, 2020

We had the opportunity to talk to Eman Pulis, founder of SiGMA, a highly-successful iGaming expo and conference home to 14000 attendees and 500 exhibitors.

Interview with Gregor Rozic, Sales Manager at GameART

July 7, 2020

We’ve had the opportunity to talk to GameART Sales Manager Gregor Rozic, who has 10 years of experience in online gaming on casino and poker content.

Interview with Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group

June 30, 2020

We had the opportunity to talk to Magnus Leppäniemi, VP of Marketing & Head of Esports at Esports Entertainment Group and member of Vie.gg Advisory board.

CHOOSE CASINOS NOW
Your Message

    Enter Code
    captcha

    LEAVE A MESSAGE
    RESET PASSWORD

    Please enter your email address:

    LOGIN TO BBC
    No account yet? Register here
    Forgot Password? Click here
    JOIN US NOW
    Already have an account? Login
    Forgot Password? Click here