Will bitcoin in Southeast Asia be legal?

[Caladonian]

With situation where bitcoin always got negative news maybe less hope for getting bitcoin will be legal transaction at Southeast Asia, just few country in Asia have legal bitcoin as transaction but many country have close their opportunity make bitcoin become legal transaction, we need support how to make bitcoin and altcoin become legal transaction in Southeast asia by giving positive news about how using bitcoin as transaction will be easy and faster.

Bitcoin, with how it's been recognize now time will come and most of the country all over the world will adopt this system, not only south east asia but also other countries who loves engaging with new technologies, it will happen the sooner as social medias and all other venue are talking about this new digital currency.

Just not to lose hope and believe that most of the place around the world will allow and adopt this new payment system, we can help by letting more people to learn about this new innovations in terms of payment process.

[1714836494]

1714836494

[1714836494]

1714836494

[jonaire99]

In my opinion, it is possible in Southeast Asia to legalize bitcoin because of the many users and benefits provided by bitcoin so that many people will try the allotment in bitcoin.

I agree, some southeast asian nations might legalize bitcoin in the near future but it may be subject to regulations. There is news that Singapore will become the second country to regulate cryptocurrencies like bitcoin although it is considered as a legal tender. In the Philippines, bitcoin is allowed its people to use bitcoin even it is not yet legalized and gave licenses to some cryptocurrency exchanges.

[coin-investor]

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'm from South East Asia and it's legal here I can trade my cryptocurrency to our local currency and we have at least two exchange here, I am also paying my bills using an exchange here in our country I don't know the other part of South East Asia, but Asian easily embrace Cryptocurrency.

[iMark]

If that will happpen as soon as possible. Then that would be a great thing for the entire crypto community. The world of crypto will expand even more and will grow continuously.

absolutely correct and crypto will also increase its value and users as well, because it is legal for the development of bitcoin and other crypto. especially in Southeast Asia, the most users have not been legalized by the government

Southeast Asia does not consist of many developed countries, most are still developing countries, the development of technology is not as advanced as developed countries in Europe or the USA, of course it will take longer for the legalization process in Southeast Asia, but when it is legalized, crypto growth will progress rapidly