Will bitcoin in Southeast Asia be legal?

jonaire99

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In my opinion, it is possible in Southeast Asia to legalize bitcoin because of the many users and benefits provided by bitcoin so that many people will try the allotment in bitcoin.

I agree, some southeast asian nations might legalize bitcoin in the near future but it may be subject to regulations. There is news that Singapore will become the second country to regulate cryptocurrencies like bitcoin although it is considered as a legal tender. In the Philippines, bitcoin is allowed its people to use bitcoin even it is not yet legalized and gave licenses to some cryptocurrency exchanges.

margueritabarrutti

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YESSSS!!! It's growing already in Singapore, Hong Kong and Philippines so I think it will be in the near future.

Valer4ik

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Believe me, if as soon as serious problems begin, for example, with the health of relatives, all these hippie nonsense about freedom and the "strong" in an instant pass. And you really begin to understand what values are and why they are needed.

Pain to go mad

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The absence of legalization is certainly negative. Don't even think about it. If the government does not cooperate, the public will not know and do not understand, and cryptocurrencies will not develop.

winstonchurchillwar

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I think that over time bitcoin will have to be legalized as it has no relation to the state of any country and it is anonymous in execution. People will still use bitcoins and no one will be able to forbid it because it is physically impossible.

kissme09

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Quote from: taquine on July 24, 2018, 10:25:57 AM

Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin).

Will the impact be positive or negative?

This is a positive impact because Southeast Asia is one of the regions with a large number of huge Cryptocurrency investors. In particular, China is a country in this region. You see that previous successful ICOs created in China. I hope that more and more countries in Southeast Asia will accept Bitcoin as well as Cryptocurrency.

yohananaomi

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Quote from: jimskiy on January 18, 2019, 04:07:02 AM

Maybe is needed about two or four years later for bitcoin become legal transaction in Southeast Asia, many negative news about bitcoin and make it have effect for bitcoin become legal transaction, we hope bitcoin could grow up and become legal at southeast asia.

I strongly agree that bitcoin will be accepted in Southeast Asia for the next few years, just needing the belief that bitcoin is indeed very necessary and can help lift the economy for the country's income. it is indeed not easy to get this to happen quickly because the regulations of each country still have differences so that similarities are needed to be accepted and indeed because of the need that bitcoin is a transaction that is no longer inseparable from the current situation.

sulendra12

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In my opinion, it is possible in Southeast Asia to legalize bitcoin because of the many users and benefits provided by bitcoin so that many people will try the allotment in bitcoin.

No, it's difficult to happen. Considering most of southeast Asia countries are banning Bitcoin for some reasons like they think if they allow Bitcoin it probably would bring lot of problems like money laundry and stuff which is why they mostly ban Bitcoin.

ongkok87

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If that will happpen as soon as possible. Then that would be a great thing for the entire crypto community. The world of crypto will expand even more and will grow continuously.

absolutely correct and crypto will also increase its value and users as well, because it is legal for the development of bitcoin and other crypto. especially in Southeast Asia, the most users have not been legalized by the government

fianaindriati

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Mostly economic country like Singapore they usually Legal bitcoin because of the help of bitcoin in there economy growth and i hope my country also which is Philippines will be apart of growing of bitcoin growth.

Bitcoin should be legalized in all countries in Asia because there are many virtual currency enthusiasts who continue to grow every year in their respective countries. It should be very good and not a disturbance that threatens the government.

the desire of everyone, of course, bitcoin is legalized ... because with the presence of bitcoin in our country, it certainly brings its own advantages ... whether it is financial gain or technological development ..

mersal

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Quote from: conected on January 17, 2019, 07:47:58 AM

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Mostly economic country like Singapore they usually Legal bitcoin because of the help of bitcoin in there economy growth and i hope my country also which is Philippines will be apart of growing of bitcoin growth.

- Of course, the legalization of Bitcoin can help the economy of a country when the government can collect taxes from activities around bitcoin, so some countries are starting to accept bitcoin but the governments of these countries have made the wrong calculations. Because even if bitcoin is legalized, every user will not use bitcoin widely in everyday life, they will not use it as currency or payment method, that will waste their bitcoin, while if they store their own wallet and use bitcoin to invest, they can get more profits and are not afraid of tax issues when the government doesn't know they are use bitcoin

Not only in some countries the government official will need to approve Bitcoin Asia legal currency in all over the world if it will be possible then a lots of thing will be changed to the next level by using the development of Bitcoin and other cryptocurrency but approving Bitcoin will had a lot of critical situation be there but anything will be possible with the effort of someone so I also putting the first step for that.

yohananaomi

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Quote from: jimskiy on January 18, 2019, 04:07:02 AM

Maybe is needed about two or four years later for bitcoin become legal transaction in Southeast Asia, many negative news about bitcoin and make it have effect for bitcoin become legal transaction, we hope bitcoin could grow up and become legal at southeast asia.

I strongly agree that bitcoin will be accepted in Southeast Asia for the next few years, just needing the belief that bitcoin is indeed very necessary and can help lift the economy for the country's income. it is indeed not easy to get this to happen quickly because the regulations of each country still have differences so that similarities are needed to be accepted and indeed because of the need that bitcoin is a transaction that is no longer inseparable from the current situation.

iMark

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Quote from: ongkok87 on January 19, 2019, 10:36:43 AM

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If that will happpen as soon as possible. Then that would be a great thing for the entire crypto community. The world of crypto will expand even more and will grow continuously.

absolutely correct and crypto will also increase its value and users as well, because it is legal for the development of bitcoin and other crypto. especially in Southeast Asia, the most users have not been legalized by the government

Southeast Asia does not consist of many developed countries, most are still developing countries, the development of technology is not as advanced as developed countries in Europe or the USA, of course it will take longer for the legalization process in Southeast Asia, but when it is legalized, crypto growth will progress rapidly

coin-investor

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Quote from: taquine on July 24, 2018, 10:25:57 AM

Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin).

Will the impact be positive or negative?

I'm from South East Asia and it's legal here I can trade my cryptocurrency to our local currency and we have at least two exchange here, I am also paying my bills using an exchange here in our country I don't know the other part of South East Asia, but Asian easily embrace Cryptocurrency.

jonaire99

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In my opinion, it is possible in Southeast Asia to legalize bitcoin because of the many users and benefits provided by bitcoin so that many people will try the allotment in bitcoin.

I agree, some southeast asian nations might legalize bitcoin in the near future but it may be subject to regulations. There is news that Singapore will become the second country to regulate cryptocurrencies like bitcoin although it is considered as a legal tender. In the Philippines, bitcoin is allowed its people to use bitcoin even it is not yet legalized and gave licenses to some cryptocurrency exchanges.

Caladonian

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Quote from: xabre on January 20, 2019, 11:37:54 PM

With situation where bitcoin always got negative news maybe less hope for getting bitcoin will be legal transaction at Southeast Asia, just few country in Asia have legal bitcoin as transaction but many country have close their opportunity make bitcoin become legal transaction, we need support how to make bitcoin and altcoin become legal transaction in Southeast asia by giving positive news about how using bitcoin as transaction will be easy and faster.

Bitcoin, with how it's been recognize now time will come and most of the country all over the world will adopt this system, not only south east asia but also other countries who loves engaging with new technologies, it will happen the sooner as social medias and all other venue are talking about this new digital currency.

Just not to lose hope and believe that most of the place around the world will allow and adopt this new payment system, we can help by letting more people to learn about this new innovations in terms of payment process.

BountyVishwas

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In SouthEast Asia Cryptocurrency is not legal but its not illegal too. Rules are still formed in India and govt doesn't understand how crypto works so they are studying everyhting carefully. In future i don't see Crypto Getting banned in india but there would be serious rules to follow.

YOSHIE

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Quote from: taquine on July 24, 2018, 10:25:57 AM

Will the impact be positive or negative?

Bitcoin has the potential to have a major impact in Southeast Asia, in this case it is likely that there is no access to banking to bitcoin and a large market for sending money. Although the Bitcoin system in Southeast Asia is mostly still primitive, such as, the Philippines, Indonesia and Vietnam they have better opportunities for the Bitcoin system market, this country is the country with the most Bitcoin populations in Southeast Asia.
Example:
The Philippines has a very developed Bitcoin system at this time, the Philippines also has a lot of Bitcoin exchanges that have been developed by a professional team and have several merchants who can accept Bitcoin. for payments, remittances, and alternative banking tools, this is the same as Vietnam and Indonesia, for this it has a very positive impact on Bitcoin.

xabre

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With situation where bitcoin always got negative news maybe less hope for getting bitcoin will be legal transaction at Southeast Asia, just few country in Asia have legal bitcoin as transaction but many country have close their opportunity make bitcoin become legal transaction, we need support how to make bitcoin and altcoin become legal transaction in Southeast asia by giving positive news about how using bitcoin as transaction will be easy and faster.

Johnzky

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Quote from: treatWy on January 12, 2019, 10:40:50 AM

Quote from: taquine on July 24, 2018, 10:25:57 AM

Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin. And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin).

Will the impact be positive or negative?

Very possible to legalized bitcoin but not this time due to severe famine in different parts. Economic shortage needs to be solve. Rampant corruption needs to unveil to make things smooth than before. Repairing sometimes difficult than the original creation. Most likely the treaty's of countries is an open door to recognized crypto.

That’s enough answer for people here not to expect big thing from bitcoin this soon,all of the issue above must be answered first and must be given priority before facing cryptocurrency

How can we expect people to enter and investing in crypto while their family is starving?when their government are facing economic crisis because of the corrupt politicians?i guess this is enough argument to accept that bitcoin will struggle more to climb the highest value again

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