Indonesia officially recognizes Bitcoin and other cryptocurrencies as merchandise. By defining crypto currencies as a “trading commodity”, the Indonesian stock market regulator provides cryptocurrencies with the necessary framework to be recognized on a broader social level. However, the central bank still blocks payments with cryptocurrencies.
While there are no secure legal guidelines for bitcoin trading in Germany, other countries are making significant progress in the area of crypto regulation. Accordingly, for example, the Austrian Post has recently opened to set up Bitcoin machines. Elsewhere, in Malta, for example, blockchain is exploding, as it has a clear (and crypto-friendly) regulation. Now there are also positive signals from Southeast Asia.