ASIAN CRYPTO FRIENDLY COUNTRIES - page 4.

marcbitcoins

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Quote from: tetyulfania on June 19, 2019, 11:51:28 AM

Asian is most country have friendly for cryptocurrency, for the first country support bitcoin is China and after banned by China Japan become more friendly country always support how bitcoin become legal transaction payment.

I think Bitcoin was never been ban in China before in fact Bitcoin was legal in their market but unfortunately EOS was their top coins and Bitcoin was ranked only 12th among the crypto currencies which is i don't know why. Crypto currencies were never ban either but only the foreign ICOs as they believe that ICOs have many scam projects in which they don't want their people to become victim.

bitgolden

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Quote from: Lawrenzoo on June 23, 2019, 04:52:51 PM

Quote from: JeramiParan on June 19, 2019, 10:46:03 AM

Most Asian countries engaged bitcoin, and above all countries this 3 countries already made to the top, this countries are:
JAPAN
SINGAPORE
HONG KONG
As of the present this countries served as the heart cryptocurrency in Asia.

Source:
https://medium.com/@manager_77257/top-crypto-and-blockchain-friendly-asian-countries-part-2-70d684b95393

I do hope that one day. we will be able to have a section like this for Africa

Of course you will have, I think we have more African countries that are even supporting and friendly with cryptocurrency, I could remember a project I was following then, AFCASH, I think AFCASH even went to visit one of the governors in Nigeria about their cryptocurrency and they welcomed the idea with their whole heart.

I have also learnt of people in GHANA, SOUTH AFRICA and some other great African countries being friendly with cryptocurrency, just that their own government have not openly come out to declare their support for it yet, so relax mate, I am sure a time will come that AFRICA and CRYPTOUCRRENCY will be like twins.

davinchi

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Quote from: goaldigger on June 22, 2019, 04:39:48 AM

I think the only country who's not crypto friendly in Asia is China since cryptocurrency us banned over there. Even though most does not fully support crypto, we should be thankful it still legal to use it on other country. Maybe the government still doesnt recognize it as a helpful tool but still analyzing it till now.

Most government are quite still skeptical about cryptocurrency operation, a part of them believes that the solution of cryptocurrency is the one that will bring about full blown economy boost to the country, but are scared of its part of not being able to control it because it operates a decentralized system, so they would rather just continue to look as things unfold.

Those who are too quick to ban like china or trying to ban it like India are not just playing their game well, with or without them, these citizens will still use cryptocurrency to make money, and where the issue will be is them not bringing the money to the country out of fear, but they will take it to another country which will boost their own economy.

congresowoman

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I wonder, these are progressive countries, not afraid to venture in something new. very open to changes especially if this will benefit their people. how come our country, they don't want to be open on this. It is taking a long haul and still cryptocurrency remains illegal. Why not become like them. Crypto is the future.

sana54210

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Quote from: mitchr4 on June 21, 2019, 08:54:46 AM

As an Asian I am proud the many countries that support the use of Bitcoin. Unfortunately I didn't see India there, they could be considered friendly. Maybe it's because the government doesn't support them. Although it is still a rumor but people fear against the law for using Bitcoin.

India can never be added to the list when there government has openly declare war for cryptocurrency by trying to pass law that will put to jail any of their citizens that uses crypto, which will make some of their citizens to withdraw for the fear of being jailed as no one wants to get jail over what crypto or payment system.

I really see this as an unfair move by their government because of their selfishness and the wrong perception that they have about cryptocurrency and it’s function, I do hope they will eventually learn from these other Asian countries after seeing the benefit it will give to them.

Kimonoe

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Quote from: yusupjatigumilar on June 23, 2019, 07:18:33 PM

The country is a fairly advanced country in terms of technology so that the country's government can provide clear regulations regarding the development of blockchain technology and the use of crypto currencies. So I think if there is a country that prohibits the use of crypto currency it does not mean that the country cannot adapt to technology but that the country has not been able to make clear regulations regarding the use of crypto currencies.

I agree, as in my country where cryptocurrency is prohibited from transacting. but we are not forbidden to have it as an asset. but the latest news, the government plans to include it on the stock market

guoyu78

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Quote from: JeramiParan on June 19, 2019, 10:46:03 AM

Most Asian countries engaged bitcoin, and above all countries this 3 countries already made to the top, this countries are:
JAPAN
SINGAPORE
HONG KONG
As of the present this countries served as the heart cryptocurrency in Asia.

Source:
https://medium.com/@manager_77257/top-crypto-and-blockchain-friendly-asian-countries-part-2-70d684b95393

Wherein these countries are more than enough to get cryptocurrency to spread across to other Asian countries, at least we have very great countries with solid economy that are crypto friendly there, unlike china that is just proving unnecessarily stubborn and doing everything possible to make sure crypto does not see the light of the day in their country, but with VPN, I am sure that some Chinese citizens will still be able to use cryptocurrency, although the ban is mainly on miners and not yet on the use of crypto, but the move is still to frustrate the existence of crypto when they know that 70% if miners are from china.

yusupjatigumilar

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The country is a fairly advanced country in terms of technology so that the country's government can provide clear regulations regarding the development of blockchain technology and the use of crypto currencies. So I think if there is a country that prohibits the use of crypto currency it does not mean that the country cannot adapt to technology but that the country has not been able to make clear regulations regarding the use of crypto currencies.

Nellayar

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Quote from: JeramiParan on June 19, 2019, 10:46:03 AM

Most Asian countries engaged bitcoin, and above all countries this 3 countries already made to the top, this countries are:
JAPAN
SINGAPORE
HONG KONG
As of the present this countries served as the heart cryptocurrency in Asia.

Source:
https://medium.com/@manager_77257/top-crypto-and-blockchain-friendly-asian-countries-part-2-70d684b95393

Include also Philippines, the South East Asian country that is friendly also in cryptocurrency. We, Filipinos are gladly saying that we are part of the growing industry of crypto. In fact, many Filipinos are working in customer services and administration in every ICOs. The president of the Philippines also is not discouraging the citizens to stay away from crypto. In short, soon we will adapt also cryptocurrency as means of payment.

dothebeats

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The Philippines is also a country in ASIA that is friendly to Bitcoin, this country is very accepting of the presence of Bitcoin. The community there also used to use Bitcoin as a transaction tool every day.

I won't go so far as calling it friendly, but there certainly is a lot of developments happening on crypto lately on the community side of things. As for the government though, there hasn't been any strict rules and regulations apart from the constant warnings the Central Bank has been issuing since 2017. With the rise of fake MLMs and HYIPs in the said country, I'm pretty sure they would be issuing yet another memo regarding cryptocurrencies anytime soon.

Lawrenzoo

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Quote from: JeramiParan on June 19, 2019, 10:46:03 AM

Most Asian countries engaged bitcoin, and above all countries this 3 countries already made to the top, this countries are:
JAPAN
SINGAPORE
HONG KONG
As of the present this countries served as the heart cryptocurrency in Asia.

Source:
https://medium.com/@manager_77257/top-crypto-and-blockchain-friendly-asian-countries-part-2-70d684b95393

I do hope that one day. we will be able to have a section like this for Africa

samputin

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I'm pleased to see that Philippines is so frequently mentioned that should be on the list. Reasons are laid as to why it should be included. And with those, we can really say that Philippines is a crypto-friendly country. Just a few clicks and the internet will give ample reasons why it should be considered.

But to my fellow countrymen from the Philippines, our country may not make it to the top 3 yet but soon enough, it'll be a part of that list. I know it can. And it will. Wink

peter0425

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How about Malaysia?

https://cointelegraph.com/news/malaysian-securities-regulator-registers-three-cryptocurrency-exchanges

It says it open 3 crypto exchange, although regulators are very strict about granting licenses, but still this news is welcoming to Asia and could be consider as friendly country as well.

samycoin

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Quote from: JeramiParan on June 19, 2019, 10:46:03 AM

Most Asian countries engaged bitcoin, and above all countries this 3 countries already made to the top, this countries are:
JAPAN
SINGAPORE
HONG KONG
As of the present this countries served as the heart cryptocurrency in Asia.

Source:
https://medium.com/@manager_77257/top-crypto-and-blockchain-friendly-asian-countries-part-2-70d684b95393

That is true and eventually most of cryptocians that always active in crypto is Asians. They are most serious about Cryptocurrency investment or offered work. I think because Asians is hard working people.

mazdafunsun

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I have red that Asian countries prefer to make payments with their smart phones ( everyday payments like buying coffee and paying for groceries) oppose to the EU and USA where electronic cards are the NR1 option.
Correctly me if I am wrong on the payments.

So I think that the Asia countries are in far better situation to start using crypto payments than the rest of the world. Because compared to other countries it would be easy to make those payments with their already used phones.

Rapidgator

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Quote from: XXXgames on June 21, 2019, 10:30:13 AM

i think india ?

India? Country with many bad news in terms of law/regualtions for digital assets? I don't think so.. too many red flags..

FlightyPouch

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How about Philippines? It might not be that popular to people but bitcoin is regulated in our country. The government supports the use of it and there are even multiple of local exchanges in our country. We can't fully use bitcoin since some place can't support it but I think we are also a crypto friendly country.

Oceat

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Quote from: aad140386 on June 22, 2019, 10:44:22 AM

It is quite possible that the Asian countries will become the engine of the new growth of the world economy. The Asia-Pacific region is now showing impressive growth rates, and if China is quite hostile to cryptocurrencies, then other Asian countries are more loyal to cryptocurrencies. Especially pretty small countries. If India and China allowed full use of cryptocurrency in their countries, then I think that Bitcoin could cost $ 40,000 this year.

More and more adaptation in the neighboring country Asia will get recognized throughout the world. But we couldn't deny the fact that most of the neighboring country is against in any activity of cryptocurrency. They still think that it is a threat to their nation or maybe they were just afraid that people might choose it over banks.

TheCoinGrabber

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Those 3 along with South Korea are quite involved with the more tech part of crypto. They also hold some international exchanges.

Adoption-wise I think Vietnam and Philippines are quite friendly, at least last I heard about the former. They haven't attempted to criminalize it yet like India.

Indrawan77

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Quote from: romero121 on June 19, 2019, 03:12:05 PM

Quote from: Mahanton on June 19, 2019, 02:19:43 PM

You should add up Philippines on the list.

They might not fully adopted it yet but there are 3 current local exchange in the place where you can make crypto transactions and
whats even good that you would able to buy-pay up things upfront on using up your coins.

Yes, Philippines is one of the Asian countries that have got increased usage. There weren't much development in business level adoption relative to bitcoin, but it has large number of stores and common people who use bitcoin similar to that they use the traditional fiat.

In Philippines same as the acceptance there is increased number of scams that made some hard days for the cryptocurrency users as some regulations were put forth by the government. Other than the stated country, there are many Asian countries that have a good number of users.

I agree, Philippines show a great response to the crypto and the growth is quite well, Asian got a got response and I think the response is better than the western countries, and it certainly will help a lot of the citizens to get a better economic life, unfortunately the China and India are banning crypto, if they support crypto I think the influence will spread wider

Topic: ASIAN CRYPTO FRIENDLY COUNTRIES - page 4. (Read 963 times)