June 20 (Cointime) - Chiliz, the cryptocurrency, has recently bounced back after a period of bearish activity. This comes at a time when CHZ bulls need a good reason to invest, and the announcement that CHZ has been whitelisted by the Indonesian government could boost investor confidence.

Chiliz celebrated its fifth anniversary on June 18th, which is also a positive sign for the company. However, despite whale accumulation, CHZ has struggled to secure enough bullish volume.