Topic: Will bitcoin in Southeast Asia be legal? - page 11. (Read 4618 times)
Countries in Southeast Asia are trying to accept bitcoin. They want to take bitcoin and electronic money according to a regulation. Singapore is the nation that adopted the first bitcoin. The Singapore government encouraged many ICO projects to develop.
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?
Bitcoin really caught the attention of many countries it's because Philippines is now the most progressive country in S. E. A. It means people are now legalized in payment transaction as a tool for future purposes.
Some coubtries in southeast asia like singapore and the philippines are making some progress for the possible legalization of bitcoin. In the philippines, the government allowed its people to use bitcoin in their online transactions including the remittance business and crypto exchanges. More bitcoin to fiat exchanges are given permit to operate in this country. But other countries are still restricting their people from using cryptocurrencies.
singapore is a country that seems to continue to have new experiences with crypto. so I think the countries in Southeast Asia will follow several countries that have successfully implemented the system of legalization of crypto.
Some coubtries in southeast asia like singapore and the philippines are making some progress for the possible legalization of bitcoin. In the philippines, the government allowed its people to use bitcoin in their online transactions including the remittance business and crypto exchanges. More bitcoin to fiat exchanges are given permit to operate in this country. But other countries are still restricting their people from using cryptocurrencies.
My country includes those who have not legalized bitcoin, there are many pros and cons of bitcoin, although now bitcoin has developed and is known by many people here but the government has not made a decision to regulate it, in my country bitcoin is prohibited from being used as a payment transaction tool but is allowed as an asset for investment
according to my opinion the countries whose are growing rapidly in their economics will accept bitcoin soon but most of the southeast Asian countries have lesser their literacy as it could not be so easy to understood them about bitcoin and block chain technology. so i am seeing sooner respond about legalization of bitcoin in south east Asia.
I am not sure but I have heard something about this and think that there is such possibility because Asia supports btc or at least isn't against the use of crypto. I think with time more people will use it
I personally think that sooner or later bitcoin will be solved everywhere. Well, or almost everywhere. It's just that it's almost impossible to control ... therefore it is much easier to resolve this and not to spoil your reputation by trying to ban
I also believe that BTC will be a legal currency in most of the regions of our world. probably, it will be not used in the poorest countries as people there simply do not have the Internet.
there is still a lack of government mindset about crypto and they are still stuck in the primacy of using fiat. on the other hand, they still swallow roughly the negative effects of illegal crypto transactions and they are afraid that it will cause inflation, some countries there are very strict to ban bitcoin, but not all, especially countries that allow many startups to grow to manage alternative technology.
I personally think that sooner or later bitcoin will be solved everywhere. Well, or almost everywhere. It's just that it's almost impossible to control ... therefore it is much easier to resolve this and not to spoil your reputation by trying to ban
I also believe that BTC will be a legal currency in most of the regions of our world. probably, it will be not used in the poorest countries as people there simply do not have the Internet.
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).
Possibly sometime BTC will be lawful in southeast Asia. What's more, as I would see it not just in southeast Asia and everywhere throughout the world. However, for the time being BTC is still not sanctioned because of a few variables. In my own nation BTC is still exceptionally unlawful and ought not be utilized for any exchange. Will the impact be positive or negative?
It's hard to convince the government to accept Bitcoin because Bitcoin in particular and virtual currencies generally have weaknesses that we all know. Decentralized and anonymous transactions are the optimal solution when Bitcoin is created, but that causes Bitcoin's ability to lose control.
I'm sure the cryptocurrency will be legal in Southeast Asia. not only in Southeast Asia, I believe many countries in the world will manage it because cryptocurrency is a technological advantage and safer than paper money .
I'm sure the cryptocurrency will be legal in Southeast Asia. not only in Southeast Asia, I believe many countries in the world will manage it because cryptocurrency is a technological advantage and safer than paper money .
Indeed, it needs a process so that bitcoin can be accepted in every country, this is my dream. India is a country in South Asia, if I'm not mistaken, they ban bitcoin, and once again they open the door to bitcoin. At the moment, India is trying to pull bitcoin under regulation. So, I think other countries in South Asia will receive bitcoin in the near future. This is just my prediction about the problem we are experiencing together about Bitcoin. Thanks
I am sure yes, because people in Southeast Asia are very accepting of crypto positively, so that is a good step for Crypto and I am sure that in Southeast Asia crypto will be legal.
Nobody knows what will happen in the future, but I think there are positive and negative impacts, the positive is that transactions are faster through crypto or bitcoin with peer to peer, maybe the negative is because bitcoin prices are not stable then there are some countries that are not ready for paralyze it.
People opinie in whichever ways they like just to suit themselves and massage their ego, i don't see that happening because crypto is here to stay. Where were all these analysts when bitcoin was still at the very early stage?
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?
in my own country in the southeast asia region BTC is not illegal here it is permissible to buy and sell btc without government interference and risk is also at my own expense, but I don't know whether in the future it will stay like this or even be banned, but i hope to stay like this
It would be better if you discuss with the government to consider bitcoin, because bitcoin has some positive effects on the country including using tax for bitcoin transactions to get income for the country. If bitcoin is legal, it is not impossible that many investors will arrive in your country to increase foreign exchange. You also have to think about the negative impact if bitcoin is legal in the country, seeing bitcoin as a safe system does not mean it cannot be hacked. The government must provide protection so that bitcoiner feels safe and comfortable in bitcoin investment.
Their government cut it the bitcoin from there because they couldn't control it. So, I don't think so that in near future will be legal in Southeast Asia. but who knows...
Bitcoin is not far from being legalized in some countries but in third world Countries in Southeast Asia, that might be a problem. Earning money in a third world country might be sometimes controlled by the government. We already know that there is a large number of users of Cryptocurrency in Southeast Asia and if they all come to an agreement to at least legalize some usage of Crypto then Bitcoin might become legalized in the near future.
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?
Here in my country bitcoin is legal because we have a digital wallet or bitcoin wallet where your bitcoin can keep or hold it. And many people who have bitcoin used this bitcoin wallet because of its strong security and you are sure that your bitcoin is very safe from the hackers.
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