Topic: Will bitcoin in Southeast Asia be legal? - page 21. (Read 4618 times)
It's hard to say who will legalize bitcoin in the near future, but many countries do it and their number only grows.
we are sure guys if bitcoin will indeed be legalized, because being legally bitcoin is something we have been waiting for a long time. so it takes patience to wait.
Yes, I do see a clear and positive picture of cryptocurrencies in next 5 to 10 years. I can bet on countries like China, Australia, India when it comes to the possibility of blockchain/crypto hubs in the near future. It is true that as of now, things are chaotic at this point but the situation will start to improve and we will see the clear picture soon. It might sound surprising but we will see Asia as dominating part of the world in the crypto industry down the road.
- I really have no hope of optimism on this issue because although things are slowly improving, many countries are beginning to analyze and become involved in the crypto sector but most countries can not control the situation that bitcoin and crypto can bring. Governments are constantly discussing the legalization of bitcoin, particularly in Southeast Asia, many people in these countries are very interested in and working with bitcoin, however, the discussion was still in a deadlock, with no common and united opinion, the legalization in Southeast Asia is almost impossible
Bitcoin in Southeast Asia is not yet fully legal, there are still many countries that ban Bitcoin as a payment instrument. An example is Indonesia, in Indonesia there are a lot of people who work in Bitcoin and Cryptocurrency, ranging from trading, investing, mining, participating in bounties and so on. But in Indonesia, the use of Bitcoin as a means of payment is still banned, so those who are there, before shopping with Bitcoin, they exchange their coins first into Rupiah.
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?
The rule of thumb is, if the country has capital controls it won't legalise crypto, because bitcoin can be used to get round capital controls.
Yes, I do see a clear and positive picture of cryptocurrencies in next 5 to 10 years. I can bet on countries like China, Australia, India when it comes to the possibility of blockchain/crypto hubs in the near future. It is true that as of now, things are chaotic at this point but the situation will start to improve and we will see the clear picture soon. It might sound surprising but we will see Asia as dominating part of the world in the crypto industry down the road.
There will be a proper time that bitcoin will be legal in the countries of southeast asia ,in fact there is a country in this region that accept cryptocurrency and that is thailand, if this is true then it will open doors in neighboring countries there in southeast asia, this also good for the bitcoin community.
There are lots of countries nowadays who legalize Bitcoin in Southeast Asia like Malaysia, Singapore, Thailand and many more. Here in our country (Philippines) Government are starting to acknowledge Bitcoin and started passing laws about it, though its not illegal here in our country but its not widely acknowledge, with government stepping up I think its a good news for a people like me. It seems like we are entering the era of cryptocurrency I'm pretty sure sooner or later, Bitcoin will be legal in other countries as well.
As far i know it will not be considered illegal in the southeast Asia because there are a lot of good side and Asia desperately needs those benefits. it is totally my personal view.
It looks like bitcoin in Southeast Asia will be legal but it takes a long time. I myself am a person in Southeast Asia and I know how enthusiastic Southeast Asians are about cryptocurrency. So, for legal, it definitely requires more time and also requires some government linkages. So we just need to be patient and wait until that happens. A positive impact might occur if it has been legalized.
Yes indeed, a lots of time which is needed to wait in terms of acceptance and legality, bitcoin already gain some good support from people around southeast Asia but question still there if how government will embrace this chain and how they will make good progress for this project being well adopted all around this specific place and countries.
Bitcoin has been able to become a source of income and indirectly bitcoin has helped the economic system of many countries in Southeast Asia that will accept and legalize bitcoin as a means of transactions and investments
Some countries like China and India have banned the use of Bitcoins for its citizens while countries like Singapore and South Korea have put regulations in place. It is only a matter of time before they become legal. As the old proverb goes "Once the cat is out of the bag..."
Day by day bitcoin will be accepted in every country, this is my dream. India is a country in South Asia, if I am not wrong, they banned bitcoin, and again they open the door for the bitcoin, At this moment, India is trying to pull bitcoin under regulations.So, for legal, it definitely requires more time and also requires some government linkages. So we just need to be patient and wait until that happens. A positive impact might occur if it has been legalized.
Where located southest asia, is very big continent with very different countries.
I think btc accepted in very developed ones how Singapure, then who have big economic relations with China but this was not soon
I think btc accepted in very developed ones how Singapure, then who have big economic relations with China but this was not soon
Bitcoin has made big changes to Southeast Asian and governments of these countries have been discussing problems about Bitcoin. Each country has differrent policy for Bitcoin and not all of Southeast Asian agree on a general solution. Thus, Bitcoin may be legal in some country of this area but not all of the countries. For example, Thailand has accepted Bitcoin but Vietnam hasn't.
Asian markets have always been very ambiguous, so I think there the trading volume will be large and perhaps not at the expense of large funds, but at the expense of ordinary citizens, because only they will be allowed to trade. this is my opinion
It looks like bitcoin in Southeast Asia will be legal but it takes a long time. I myself am a person in Southeast Asia and I know how enthusiastic Southeast Asians are about cryptocurrency. So, for legal, it definitely requires more time and also requires some government linkages. So we just need to be patient and wait until that happens. A positive impact might occur if it has been legalized.
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?
im in SEA cannot be explained exactly what happened at this time. enthusiastic use of crypto sebai payments and investments. but hack case. criminals also coincide with that in Indonesia. which is the most basic and clear part of SEA. the government allows use and ownership but is not certain for legitimate transactions. they avoid paying illegal goods and minimizing it from that regulation.
maybe yes, because bitcoin there have been many uses and it can have an impact on the economic system in the country, so in my opinion there is a possibility that bitcoin will be legalized in southeast asia.....
I think that this is quite difficult, because in these countries there are many problems still complex. For example, the Philippines has political instability, drugs, terrorism ... With the advantages of Bitcoin, the bad guys can take advantage and use Bitcoin as a suitable tool. Therefore, the government of this country will issue a ban on Bitcoin. But not all Southeast Asian countries are like that.
In my country - a country in Southeast Asia - Bitcoin is now illegal. The government does not allow the use of Bitcoin as a currency. But they do not prohibit the storage of Bitcoin as a personal property. I think in the future this issue will be adjusted and changed positively.
Jump to: