Topic: Will bitcoin in Southeast Asia be legal? - page 6. (Read 4618 times)

I think the Bitcoin uses are most of the people will not be the Asian people why I am saying this in Asian countries that Bitcoin will not be popular as popular like America and other countries so my opinion as we cannot see this is the biggest city using of Bitcoin

What I think is, there will be both positive and negative impacts on south asian countries. Because as far as I know most of the south asian country government thinks that allowing the international currency exchange method will increase the rate of money laundering, but the thing is it also helps a country to help doing business internationally. So if bitcoin is allowed both positive and negative impact will take place. If bitcoin will be allowed, the government should imply some reasonable rules so that the negative impacts gets reduced. But what I see is, it is mostly positive to me.

Should be similar like other countries anyway, like other countries does it might need KYC for taxation purposes on trading or purchasing, the volume plays a huge impact but of course there's many cases where illegal activities are facilitated by cryptocurrency and was cracked down by authorities, cryptocurrency would perserve a location like another other financial instrument tools for a small group of traders

I agree with you on this point at all, I also think that in this area, the government is not able to make understand the importance of the blockchain issue. when outside countries will make legalise this platform then the fool countries also follow their step.

Unless Southeast Asia kicks off the stupid foolish power hungry insane Government which is made with literally illiterate ministers - I see no hope for Bitcoin in Southeast Asia. The status of Bitcoin varies from country to country majority of the country do not make the usage of Bitcoin illegal . The existence of Bitcoin can increase employment and increase the income of the citizens so we can think that Bitcoin in southeast Asia will be legal .Since all are looking for the profit we can believe that Bitcoin will be legalized in southeast Asia . Even though the government will legalize Bitcoin the Banks will have difference of opinion.

As far as I know of, a few countries such as Japan and Thailand in Asia have approved crypto. IMO, we can’t say for the whole of Asia since each country set its own regulations.

I think, this is good news for crypto users in southeast Asia. Because it will make it easier for the crypto community to make payment transactions using crypto.And I believe, any government will not be able to ban the use of cryptocurrency

I think it will, like in other places.
BTC legally can helps a lot of companies in several ways, with more exposure and efficiency.
I think this is only a transiction, where a lot of countries are trying to stop it.

If Japanese government takes action for licence about cryptocurrencies market, it will an example for the world like South Asia Countries ( India, Bangladesh, Pakistan). They will think about legalization process in their country. In Bangladesh, Pakistan and India, a lots of people are engaged in Bitcoin.

there has been a wave of ASEAN government optimism about bitcoin, one example is Singapore and Indonesia, Indonesia even has a special blockchain association as a benchmark and bridge of education between the community and the government.

there are still many who are not open and even forbidding that does not mean they do not close their eyes completely, legalization is very complicated for developing countries, this only happens in most developed countries.

they tend to do further studies and only follow what the US does. There is currently no clarity, but crypto startups have adorned businesses in the public domain and regulation of local exchange markets as third parties between crypto users and legal banks in their countries.

What you have mentioned is true but the problem is majority of countries aren't ready to take that kind of risk because still the bitcoin and decentralized digital currency concept is new to the world so for most governments making a currency like bitcoin legal within the country is considered as a major risk but I think with time that fear will go away because if bitcoin adapt into more businesses like it is happening today and help them to increase there profits eventually they will understand the potential of bitcoin but definitely will take some time that to happen

To my knowledge, only Thailand is legally allowed Bitcoin and Bitcoin exchange in travel. If my information is inaccurate. Please correct me.

Bitcoins are not really legalized in Southeast Asia. However, people there can still use them to transact on the internet, banning anything directly. However, I think it will soon be legalized and used in the future because more and more people know it and want to use it. Some large banks have intended to use them

There will be no negative or positive impact in the cryptocurrency if a country will not legalized bitcoin but banning or legalizing it would be. When China banned bitcoin, its price dropped shortly but it also recovered later, legalizing it will push the price up. Here in my country, we have a crypto friendly government and there are already steps made by the financial leaders for the possible legalization of bitcoin in the future.

Central banks in Southeast Asia are now taking a cautious stance towards the rise of virtual currencies but it is inevitable that they will adopt the basic technology or blockchain technology.
These banks also say that speculative investments in the virtual currency market do not pose a risk to the system but require greater regulatory oversight.
In particular, while central banks seem to be adopting new payment systems from startups, the rise of virtual currencies Bitcoin or Ether, they seem to be much more cautious. For central banks, one big problem is that they can not influence the formation and circulation of digital money. In addition, virtual currency transactions do not follow the laws governing financial transactions in the country, particularly those on the reporting and money laundering. However, central banks Southeast Asia is very interested in the use of blockchain - a technology behind the virtual world and also known as Distributed Ledger Technology (DLT).
This is a digital ledger form that works without a repository center. This technology uses the power of peer-to-peer networks to validate and validate valid archives or "blocks". These blocks are marked by time, interlocked and password-protected, which prevents modifications. This technology is suitable for storing anything of value.
For the financial industry, blockchain technology promises faster, safer and safer transactions. Transfers between countries' accounts can be made in seconds versus a few days if using the current system.

we can wait for this is happening in the next year or the next two year and this is possible for southeast asia make bitcoin as legal. but I don't think that bitcoin can be a new currency in the short time because it will need more things to be set and the government still not ready for this. we can hope that soon after bitcoin is legal in southeast asia, the government from each country will make bitcoin as a new currency too.







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I hope bitcoin will legalize and people on the goverment will consider the purpose of crypto in every community asean have a big part of that to gain strong relationship to each country in asia. It will grow the economy at jobless will decrease. Many people will avail a good benifits it they allowed as one of currency.

Change is a constant thing in life. Just like bitcoin wasn't legal in other countries, not just in South East Asia, but other places... Eventually, depending on the progress of the bitcoin and blockchain, I know they will eventually embrace the bitcoin in South East Asia, and also make it legal in South East Asia.

bitcoin is legally dependent on the government, so whatever country is not Southeast Asia can be legalized and if it is legalized in my opinion it is not good because this is a modern era we must develop and awaken it for our future to change the world

My country is located in Southeast Asia. Our country accepts bitcoin and legalizes it. There are a number of global businesses that allow us to offer Bitcoin payments for its services, including BitRefill calling cards, airline tickets, hotel reservations and car rentals. , purchased online at Overstock, ...