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Topic: Will bitcoin in Southeast Asia be legal? - page 22. (Read 4618 times)

sr. member
Activity: 784
Merit: 252
August 01, 2018, 10:10:15 PM
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, I think other countries in south Asia will accept bitcoin within three years. This is just my prediction about this issue.
it will definitely happen and I hope in Asia and all countries legalize now that bitcoin is starting to attract the attention of everyone. this is certainly a good thing
hero member
Activity: 2590
Merit: 644
August 01, 2018, 09:36:51 PM
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 the Asia as a whole, crypto is likely to boom over there. Just some few months ago, South Korea retraced its statements against cryptocurrency and legalized it. It will take time but gradually the other countries will follow as they get to see the success stories of South Korea through cryptocurrency.
That is true, a lot of countries in the Southeast Asia or Asian countries in overall are just going crazy in adapting bitcoin and other cryptocurrencies because they really believed to the future of the cryptocurrency or blockchain technology in general, it is a good move for the Asian countries in order to  be advanced compare to the other countries that who didn't accept cryptocurrency yet.
newbie
Activity: 234
Merit: 0
August 01, 2018, 08:23:51 PM
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.....
hero member
Activity: 2618
Merit: 548
DGbet.fun - Crypto Sportsbook
August 01, 2018, 08:20:42 PM
Southeast Asian countries were small compared to most other Asian countries. In most countries the bitcoin hasn't got a legal acceptance, as well it hasn't got much of opposition. Maybe few countries like Singapore, Philippines will regulate and make provide access for a regulated usage which helps in easy spreading of cryptocurrency all around.
member
Activity: 938
Merit: 14
Earn more with Earn Network
August 01, 2018, 08:14:30 PM
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 the Asia as a whole, crypto is likely to boom over there. Just some few months ago, South Korea retraced its statements against cryptocurrency and legalized it. It will take time but gradually the other countries will follow as they get to see the success stories of South Korea through cryptocurrency.
newbie
Activity: 112
Merit: 0
August 01, 2018, 08:06:05 PM
Some of the south east Asian countries have already legalized BTC whereas others are on the verge of legalizing it by regulating BTC using new framework so that it doesn't harm their economy. India is the latest addition who are proposing a framework to regulate BTC. I think after this event, many more countries will follow.
full member
Activity: 276
Merit: 100
August 01, 2018, 06:08:44 PM
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?

If bitcoin will be legalized by more countries,  it will have a good effect in the market, the price will rise because of the higher demand and limited supply. 

One more thing, btc is a digital currency, it is the latest technology in the form of currency,  if other country will adopt it,  it will be more easier for them to transact with their online transaction.
full member
Activity: 476
Merit: 100
www.daxico.com
August 01, 2018, 05:45:23 PM
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?

Well, some of these countries are already adapting the blockchain technology and just like what countries in the northeastern part of the said continent claim that their economic status have been lifted up with the help of blockchain technology. There we can conclude that the impact is positive for those who adapt the technology.
newbie
Activity: 182
Merit: 0
August 01, 2018, 10:32:22 AM
I think it will be recognized soon enough. As central banks in Southeast Asia are now taking a cautious stance toward the rise of virtual currencies, it is inevitable that they will adopt the same basic technology or blockchain technology. Most of these banks also believe that speculative investment in the virtual currency market does not pose a risk to the system but requires greater regulatory oversight.
newbie
Activity: 100
Merit: 0
August 01, 2018, 10:06:00 AM
Maybe Bitcoin will legal in Southeast Asia if Bitcoin have some benefits for countries in Southeast Asia. Maybe Bitcoin can gift more benefits for individuals but not country, because I think the government not have some regulation and rules about Bitcoin. Some people who earn Bitcoin I think never pay the taxes from bitcoin.
hero member
Activity: 2744
Merit: 541
Campaign Management?"Hhampuz" is the Man
August 01, 2018, 10:04:23 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?
Only few countries in southeast asian has a adaption for cryptocurrency and ofcourse bitcoin

But many of them has a good treatment for bitcoin and all the alternative coins

This means we dont need legalities we need is freedom this is what crypto is all about to do whats the things this must be
full member
Activity: 462
Merit: 100
BitHostCoin.io
August 01, 2018, 10:01:15 AM
I think it will have a positive impact for some countries. Because it can be an alternative means of payment in addition to using money. Moreover in it we can deviate funds we have safely. As long as the earth rotates bitcoin it might be legal in southeast asia.

Well, it depends, as long as there are no major negative news affecting bitcoin maybe the southeast asia will continue to accept bitcoin but I think it will still take some time to be accepted in whole south east asian countries.
member
Activity: 151
Merit: 10
August 01, 2018, 09:52:03 AM
I think it will have a positive impact for some countries. Because it can be an alternative means of payment in addition to using money. Moreover in it we can deviate funds we have safely. As long as the earth rotates bitcoin it might be legal in southeast asia.
full member
Activity: 307
Merit: 101
August 01, 2018, 09:34:14 AM
Maybe someday bitcoin will be legal in southeast asia. And in my opinion not only in southeast asia and all over the world. But for now bitcoin is still not legalized due to several factors. In my own country bitcoin is still very illegal and should not be used for any transaction.
newbie
Activity: 44
Merit: 0
August 01, 2018, 09:30:23 AM
Definitely, Bitcoin can become a legal currency in Southeast Asia. Bitcoin is the highest price and highest volume cryptocurrency in the market. Most people are loving this coin because Bitcoin has a great future. Day by day, A lot of people are investing in the Bitcoin and BTC growing rapidly. Whatever, I'm pretty sure one day Bitcoin can become a legal currency.
newbie
Activity: 24
Merit: 0
August 01, 2018, 09:05:10 AM
I think in countries that have not been legalized and accepted by the nations, I think we should wait and be patient.
hero member
Activity: 728
Merit: 503
dApps Development Automation Platform
August 01, 2018, 08:59:07 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 think it will be hard to make bitcoin legal in all country in Southeast Asia, because each country has different regulation and law regarding to the bitcoin. Although we can not close every possibility that might be come, but i think it will be take many years to make bitcoin legal in all country of Southeast Asia.
full member
Activity: 378
Merit: 100
August 01, 2018, 08:56:28 AM
in my opinion whenever a country which is influential in southeast Asia legalize it than the others will follow it in order not to fall behind it economically and the process will have a domino effect.
full member
Activity: 686
Merit: 104
August 01, 2018, 08:55:43 AM
could be, given the enthusiasm of Southeast Asian society is also quite high. such as vietnam, philippines, indonesia, malaysia, thailand, frangipani. but there must be from one of these countries to state that the legal bitcoin in the country, then the other country will follow.
full member
Activity: 756
Merit: 112
August 01, 2018, 08:46:55 AM
Most southeast Asia countries use it and they might never legalize it but they support it. You can even spot some atm machine in the countries within and even use fiat ATMs for it.



Check out this list of Bitcoin ATMs in Asia.

https://www.techinasia.com/asias-bitcoin-atms-located
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