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Bali, Indonesia, has banned the use of cryptocurrencies as payment for foreign tourists, citing concerns over visa breaches. The governor warned of immediate and severe consequences for those who engage in forbidden activities. The ban affects accommodations, dining, sightseeing, and retail in a region that previously attracted over 6 million foreign visitors annually. Indonesia already imposes strict currency laws, and unauthorized cryptocurrency operations could result in hefty fines and imprisonment. The move has raised concerns about the impact on Bali's tourism industry and its reputation as a crypto-friendly destination.
