Thats a welcome development when the government start to recognizes crypto currency and even sponsored seminar about regulation. The regulation is only implies to the operator to the currency changer so that they will be protected againts unscropolous users that would take advantage of being anonymous and decentralized.
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That is a good recent development of bitcoin. What happened in That country is a good example to be imitated or followed. Moreover , a seminar discussing bitcoin and it's regulations has been held and also attended by the government officials. That activity can be followed by other countries in South East Asia, especially ASEAN Member Countries. This recent development may bring better growth of bitcoin in this region or commonly in Asia.