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Topic: Will bitcoin in Southeast Asia be legal? - page 24. (Read 4618 times)

newbie
Activity: 182
Merit: 0
August 01, 2018, 02:24:11 AM
southeast asia is dominated by developing countries, only developed countries have thought about the legality of crypto, especially bitcoin, developing countries only appreciate when conducting regular research.

in this case some countries have begun to allow startup / fintech crypto to operate actively, and even Indonesia already has an official blockchain association, but they are not in a position to allow bitcoin as a legal tender due to various aspects that have not yet complied with their economic sovereignty.
member
Activity: 242
Merit: 10
August 01, 2018, 02:17:28 AM
I think the recent Southeast Asian market is positive, although bitcoin has not been legalized in most countries, but we see people in Southeast Asia have a high enthusiasm for bitcoin, I think Southeast Asia will be a key area for the development of the bitcoin community.
newbie
Activity: 37
Merit: 0
August 01, 2018, 01:56:15 AM
At this time not all countries but in future all countries will give license for crypto currency and makes it legal.Some South asian countrys already legal bitcoin.So don't lose hope.All of country of south asian will legal bitcoin one day Wink
newbie
Activity: 210
Merit: 0
August 01, 2018, 01:55:37 AM
there is a possibility for most people there to have limited internet service or have the knowledge of bitcon or fight for their rights as did India. However, I believe Vietnam, Thailand, and Peninsular Malaysia already use bitcoin as in other developed countries.
member
Activity: 322
Merit: 10
August 01, 2018, 01:52:37 AM
for my knowledge yes because I can not hear that bitcoin is forbidden in south eastern Asia. we are here in the Philippines because bitcoin is legally legal. bitcoin has helped us greatly because we have many of them do not have the right job because bitcoin is hoping the poor will reach their dream with bitcoin.
member
Activity: 145
Merit: 10
HalommmmE is my LOVE
August 01, 2018, 01:49:59 AM
I think first countries will legalize bitcoin will be modern EU specially Switzerland then Russia side follow in a second place . Southeast Asia or Asia in general will take last place .
newbie
Activity: 32
Merit: 0
August 01, 2018, 01:29:10 AM
I think no, because Southeast Asia is really strict in bitcoin but some country there are accepting bitcoin as a payment.
jr. member
Activity: 32
Merit: 2
August 01, 2018, 01:20:32 AM
it seems for now there has been no ban or bitcoin ban in southeast asia, so it embraces me we just take the bitcoin that exist today. if later there will be a ban or legality will certainly bring a big negative impact for bitcoin players. because I'm sure there are millions of bitcoin players in the Southeast Asian region
member
Activity: 784
Merit: 10
August 01, 2018, 12:58:47 AM
I think there will be other way such that the bitcoin can be legal not only in some countries in southeast asia but in the whole country, let us just be positive and make our own job to be able to let the bitcoin be freely legal globaly.
newbie
Activity: 112
Merit: 0
August 01, 2018, 12:49:23 AM
Bitcoin is already legal in some South East Asian countries like, Singapore, Philippines, Malaysia. Countries that haven't legalized BTC yet are mostly trying to regulate it, like India; the government wants to get a hold of BTC, because, they are afraid of a decentralized system like this where they won't be able to impose any tax or charge.
newbie
Activity: 95
Merit: 0
There are some place that not accepting bitcoin in asia but some of the country are already accepting bitcoin just like japan amd korea they are accepcting bitcoin and even in philippines bitcoin is using in some remitances also.
member
Activity: 630
Merit: 20
Who knows? If the government of each country sees bitcoin in an optimistic way in which it aids the economic growth, then I guess it is possible that Southeast Asian's country may legalized bitcoin. We'll never know.
newbie
Activity: 70
Merit: 0
Bitcoin has been legalized in countries, Singapor,Malaysia and a few other South East Asia Countries. Countries like India are still trying to regulate it because, they are afraid of a decentralized system, where they won't be able to impose any tax or charge. Therefore, Legalizing BTC, is of great interests to many countries now.
newbie
Activity: 115
Merit: 0
well, there are many countries now who accept the crypto currency, and as we observe there are many countries who are also interested on it, no doubt that this will be accepted and become legally not only on the Southeast Asia but all over the world.
newbie
Activity: 11
Merit: 0
Each country will adopt it's own position and legislation with regard to Bitcoin and crypto in general, this will depend on whether it is a democracy or not. All will want to protect their own interests and that of their citizens.

Southeast Asia has embraced crypto far more enthusiastically than most regions and will probably continue to do so.  
member
Activity: 186
Merit: 10
I think there will be a time when every country will accept bitcoin with high appreciation. In Southeast Asia, Most of the countries are developing the country or under developing country. There have many problems. And bitcoin has no Tax fee, That's why maybe governments are thinking that Bitcoin will harm their finance system. But one day, they will accept bitcoin and then they become a developed country, I think.
member
Activity: 406
Merit: 19
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?

Certainly it will have a positive impact on bitcoin families by legalizing the use of bitcoin then the bitcoin adoption rate will increase significantly thus bitcoin prices will increase sharply.
hero member
Activity: 650
Merit: 500
Everything is possible, but if you look at the past patterns, you will see that bitcoin is being banned in Asia most of the times, this is because they are more than centralized.
full member
Activity: 476
Merit: 100
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?
There are a lot of country that accepts bitcoin and legalized it like on the Philippines, there are applications like coins.ph that let users to engage with bitcoin.
hero member
Activity: 1834
Merit: 566

Southeast Asia are developing countries and there's possible for most of people there to have limited or internet services to have knowledge of bitcon or fight for their right like the India does. However, I believe the Vietnam, Thailand and Peninsular Malaysia are already using bitcoin freely.
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