Topic: ASIAN CRYPTO FRIENDLY COUNTRIES - page 5. (Read 975 times)
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.
people on indonesian also try to adapt bitcoin there a few excahnge and much people are using it rightnow , hope it get better time by time
i just heard that philipine also are welcoming to bitcoin and i hope more asian country will support bitcoin next time
India is getting ready to implement 10 years imprisonment for crypto related activities. But, as of today they are neutral just like most other countries.
Check out the real news about this, there is no such thing about putting people in prison for crypto related activites. The media and journalists who wrote about this were just thinking stupidly, see this thread that has the details. https://bitcointalksearch.org/topic/m.51554241
So no, it's strange to ask about crypto friendly Asian countries. Ask about unfriendly ones, that's harder to answer!
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 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'm from Asia and glad to see that Asian economic power are embracing cryptocurrency but I definitely like to see the Philippines be one of them they have a Central Bank certified cryptocurrency to a local exchange and they also have two or three Bitcoin ATM and there are so many Filipinos involved in cryptocurrency. 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
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
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 think Philippines is also one of the crypto friendly countries. Most remittances here starts to acknowledge bitcoin and studies how to apply it on their business. Some merchants already accepts bitcoin where you can pay some monthly bills like electricity and internet but those are on selected areas for now.
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
Yes. But Chinese people are more involved in this crypto market. Besides, there are many businesses that are moving towards Crypto and in the future, Chinese people will be one of the most influential countries in the crypto world and second only to the United States.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
we should support Chinese projects now. It will bring great profit for us in the future.
South Korea? How the hell would anyone not consider South Korea a crypto friendly country? They literally have exchanges that are global and making money from everyone around the world and using that money to pay taxes as well and cash out to make the national currency stronger as well.
There is no better example than South Korea, even Singapore and Hong Kong is not as strong as South Korea because in reality they are just allowing them to trade bitcoin or spend bitcoin but they are not "supporting" it, they are just allowing it whereas in South Korea the government literally helped build an exchange in South Korea. The only one that is literally better is Japan because they have been the first place that took the MT.Gox hit but they kept up the support and now allow over 250k stores to sell with crypto thanks to some card they have over there.
There is no better example than South Korea, even Singapore and Hong Kong is not as strong as South Korea because in reality they are just allowing them to trade bitcoin or spend bitcoin but they are not "supporting" it, they are just allowing it whereas in South Korea the government literally helped build an exchange in South Korea. The only one that is literally better is Japan because they have been the first place that took the MT.Gox hit but they kept up the support and now allow over 250k stores to sell with crypto thanks to some card they have over there.
i think india ?
India is getting ready to implement 10 years imprisonment for crypto related activities. But, as of today they are neutral just like most other countries. 
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
My country is not that huge but I can say that you can use your bitcoin and other cryptocurrency easily, most of the developing countries in Asia are adopting cryptocurrency maybe we realize the importance of this technology and I know we will have a strong regulation in the future so let's see if this thing happen or not but I know most of the country will follow. 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 think india ?
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
My country is not that huge but I can say that you can use your bitcoin and other cryptocurrency easily, most of the developing countries in Asia are adopting cryptocurrency maybe we realize the importance of this technology and I know we will have a strong regulation in the future so let's see if this thing happen or not but I know most of the country will follow. 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
Quote
HONG KONG
HK is sort of operating as an alternative for mainland crypto companies to relocate at the moment, and obviously the government there recognizes that there is a huge opportunity for them to really try set the tone and regulate the market in order to gain more revenue.
However, with the political instability in recent months, there could be pressure from the PRC for Hong Kong to further tighten regulation to the point that they become restrictive.
This is all speculative at this stage, and obviously nothing is confirmed - I'm just saying that I would not be surprised if Hong Kong in the future turns its back on crypto somehow due to political pressure to prevent capital flight.
Also, I echo the sentiment of those who mentioned Philippines - I think that they have one of the most robust crypto payment networks in coin.ph and others, and from my experience, crypto adoption is certainly huge there.
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.
How does China rank? Aren't most Bitcoins mined in China? I know the government over there is a little strict, but it doesn't seem to affect Bitcoin as much.
Indeed they mined the most but they aren't crypto friendly place, just remember how they banned icos.
While the source OP cited was posted last November 2018 and obviously not the updated one and many surely happened in crypto space hence progress and perspective in every country towards crypto.
There are a lot of crypto-related developments in Asia and even in China where the government banned bitcoin but we know that there is a strong underground movement supporting cryptocurrency. Japan is the leader and we also have Hong Kong, South Korea, Singapore. We should also not forget to mention countries like Thailand, Vietnam, the Philippines and even Malaysia. I am sure that there is a bright future awaiting for the cryptocurrency industry in the whole of Asia and soon we can see that many governments will have no choice but to allow a regulated environment where everybody should be allowed to play fairly and squarely.
There's more to add, someone already mentioned about Thailand and it's one considerable crypto friendly country. This was the most recent news that I've known about them: Thailand Is Opening Up to Crypto, One Step Closer to ICO and STO
There is also Malaysia: 3 Crypto Exchanges Granted Conditional Approval from Securities Commission Malaysia
And Indonesia: Indonesia: New Legislation Recognizes Crypto as Trading Commodity
There is also Malaysia: 3 Crypto Exchanges Granted Conditional Approval from Securities Commission Malaysia
And Indonesia: Indonesia: New Legislation Recognizes Crypto as Trading Commodity
But still, Filipinos can used their platform coins.ph to pay for their electricity, water, internet and even their credit cards. That alone makes Philippines one of the friendliest in Asia. We even have two ATM's, if I'm not mistaken, a bank (UnionBank) that supports crypto, (https://bitpinas.com/news/philippines-unionbank-launches-crypto-atm/). So there's a lot of things going on the background that will make Philippines one crypto hub in Asia.
Honestly, that feature of the said company really contributed to the awareness of Filipinos about cryptocurrency.
I'm 100% sure only a few will use it if the service is only limited in the crypto world. Good thing the company associated it to the usual nature of why PH people used digital payments. Coins.ph is now way better now compare to GCASH and Paymaya as far as my own observation is concern.
Yes, PH is a crypto friendly country to the point that lots of scammers here taking advantage. The awareness and service are not that much compared to the listed countries above but development is continuous and more companies want to associate in crypto.
It is true about Japan. They are ahead of its counterparts in Southeast Asia when it comes to developing the cryptocurrency business. A number of Japanese companies have taken the advantage of the technology to raise funds. Although, the government is considering tightening regulation of the industry.
How does China rank? Aren't most Bitcoins mined in China? I know the government over there is a little strict, but it doesn't seem to affect Bitcoin as much.
Jump to: