Will bitcoin in Southeast Asia be legal? - page 4.

sampalokmix

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Investing in the future development of blockchain

Quote from: poorwhale on July 24, 2018, 11:01:42 AM

Its not illegal in our country.. but it also not regulated.. lets see and wait what government reaction to its legalities,,

This is true here in our country anyone has the capability to access Bitcoin but our government doesnt support the Bitcoin either, due to several cases which scammers use the credentials relying in Bitcoin to fool people and that's not an ideal thing to do, while on the other hand government doesnt have much regulations to apply since Bitcoin is unique and new at this point.

maemunah

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Quote from: cherryganda on December 28, 2018, 07:36:56 AM

I am in South East Asia country and everything here is fine and there is no movement from the government in stopping the people from using it.
Though they issued some reminder to be careful which is normal to any country. what i saw from here is they are developing the blockchain and cryptocurrency more.,

That's right and I also have so far no government has stopped people who use bitcoin, so it looks like bitcoin will be legal in Southeast Asia even though there are still people who don't want to accept bitcoin in their country

Mr.Spreadthehamster

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Official regulators want to be sure that people associated with bitcoins do not cause associations with unreliable transactions, and such evidence is difficult to obtain. As a result of fuzzy state policy, financial organizations do not want to cooperate with cryptocurrency firms. It is the matter of time.

incomefromcoins

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India is forming legalities and other Asian countries like Korea and Japan have strong crypto legalities and guidelines in place and Malaysian having guidelines and Singapore is crypto friendly and Thailand is also crypto friendly and Indonesia and Philippines are partially legal in cryptocurrencies

Johnzky

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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?

Yes there might be many countries in southeast asia that has not legalized bitcoin,but they have not banned this also or restricted meaning thats fine as long as we can buy and sell this cryptocurrency,for me this is more than enough to ask for more

cherryganda

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I am in South East Asia country and everything here is fine and there is no movement from the government in stopping the people from using it.
Though they issued some reminder to be careful which is normal to any country. what i saw from here is they are developing the blockchain and cryptocurrency more.,

dupee419

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Probably it will apply mixed opinions, some will be positive and some will be negative, there are countries in Asia that has legalized Bitcoin and this is why I think that the impact on other countries in Asia would be highly mixed, and the country that I am saying here is a big influence in the economy and that is Japan, and this is why I think that with Japan's legalization on BTC I think that other countries would follow in as well.

satosibtc1000

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I think that the time will come when all countries of the world legalize bitcoin not because they want but because Bitcoin is a free currency that does not depend on any state. Bitcoin is controlled only by Internet users and will be used in any case. I think that in the near future bitcoin will be legalized in Southeast Asia.

Janation

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Quote from: ?? on ??

I am afraid, it might take too and too long, especially, when government is run by ignorant control freaks.

Might take too long? Why is that?

I live in the Philippines and Bitcoin is not banned ever since I started investing on it. It's been years and our country is so supportive about the legalization of it in the past year. Though there are some warnings about it, I don't think people will be using their Bitcoin for the purpose of doing crime as there are a lot of people being caught buying illegal things online using Bitcoin.

Marina5

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Day by day people are going to see their interest on Bitcoin. Though some countries are not announcing Bitcoin as their legal currency but with in short time hopefully Bitcoin will be acceptable all over the all. We should wait for this.

Malam90

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In SouthEast Asia, maximum countries banned Bitcoin and Crypto. As a citizen of Asia, i expect that with the increasing popularity of Bitcoin and crypto, most of the countries will oneday favorable for and make legal when they understand the real utility of crypto to cope with the advanced world.

bayu7adi

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dont be greedy

how big is the SEA market in cryptocurrency circulation in this world?
in my head, SEA didn't really have a big influence on cryptocurrency, even some countries in SEA reported that they were neutral towards cryptocurrency,
even if all countries in SEA legalize cryptocurrency, I feel that the positive impact that will be received by the world is not so great, because the economic power of crypto in SEA is not as strong as that of China or America.

kogozer714

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I think bitcoin in the Southeast Asia area may be only partially legalized, but I'm sure maybe in the near future, Southeast Asia will legalize Bitcoin, and the existence of Bitcoin will be an addition to the income of the community in a country, especially in Southeast Asia.

anaumar

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with the increasing number of legacies occurring throughout the world regarding bitcoin, of course it will have a good impact on everything from the bitcoin reputation to the price of bitcoin will start good

Anil.N

newbie

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Bitcoin in Asia are now becoming very rampant and people are running towards its idea. For now I think many countries has understood how btc is and how it works. It will be accepted and made legal in no time.

BitcoinMoses

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I Am Satoshi Nakamoto

Satoshi Nakamoto is working out to make Bitcoin a legally tendered digital currency for South East Asian Countries.

bravehearth0319

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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?

In my idea about this topic was that several in Asian countries now are being opened minded now into crypto and bitcoin currency. And one of the best example was that Japan who regulated digital currency to their territory to make it legalized. Also here in my country too are now adopting crypto or bitcoin and I believed in the near future it will also be legalize here too.

Mhd-Bobbi

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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?

Not all countries legalize the use of bitcoin, but there are some parts of the country that have legalized the use of bitcoin, if you want to use legalized bitcoin in Asian countries, I think you have to work with the government in Asia, you have to introduce bitcoin, be a state government this part - Asian countries understand what Bitcoin really is?
Because governments in some countries already understand and some don't understand bitcoin.
So it needs to be a breakthrough for the government in your country so that they understand more about using bitcoin.

saumang2m

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I think that bitcoin may take some time to get legal recognition in South East Asia. And if Bitcoin gets recognition in South East Asia. So Bitcoin will be the biggest beneficiary in this

Kuchiyose

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Quote from: ?? on ??

I am afraid, it might take too and too long, especially, when government is run by ignorant control freaks.

There are a lot of things that you have to worry about for now because the decline in the price of Bitcoin will make it not encouraging for some people to make the right decision for now.

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