The Indonesian government is still trying to figure out how to tax and regulate cryptocurrencies. Although it has been decided that crypto is not a legal tender and may not be used to buy groceries or other essentials, Indonesia is operating to regulate the rule. Crypto is legalized as an investment asset. The purchase and selling of cryptocurrencies in Indonesia are only authorized for investment reasons or for legally specified crypto assets, according to the country’s legislation. However, the central bank recently underlined that cryptocurrencies are not a valid method of payment. Banks are forbidden to facilitate the use of cryptocurrency as a form of payment.