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novemberwoah
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February 25, 2017, 02:19:03 PM |
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By your name I can assume you're from Pakistan or maybe India. And yes bro, bitcoin is big in our part of the world as well, and its getting popular every minute with people from all different fields, especially who know how to use internet. So relax and jump in. He sees online shop sites originating from Pakistan, looks similar to Alibaba and based electronic products. But unfortunately the site is just explaining theory about bitcoin, doesn't accept payment via bitcoin. Bitcoin is received clearly throughout the world, many Asian countries are already making startup bitcoin exchange markets such as China, Japan, and Indonesia. Regulation hasn't been fully used by all Asian countries, but there is no ban on use, the risk is left entirely to each user. True, the regulations use of bitcoin at average Asian countries is still not fully used because each government is reviewing bitcoin. One consideration that doubted by many governments in Asia is the security of bitcoin. But even so, bitcoin still be used with caution and the government is not responsible if things happen that are not desirable. |
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bryant.coleman
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February 25, 2017, 04:19:07 PM |
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True, the regulations use of bitcoin at average Asian countries is still not fully used because each government is reviewing bitcoin. One consideration that doubted by many governments in Asia is the security of bitcoin. But even so, bitcoin still be used with caution and the government is not responsible if things happen that are not desirable.
The crime gangs are very innovative in Asia. If they came to know about Bitcoin, then they will exploit it for illegal uses, such as blackmail and ransom payments. This may be one of the reasons why the Asian governments are still not willing to legalize Bitcoin. Another issue is tax evasion. As we all know, Bitcoin is a very powerful tool for someone looking to evade taxes. |
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Yakamoto
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February 25, 2017, 04:23:33 PM |
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True, the regulations use of bitcoin at average Asian countries is still not fully used because each government is reviewing bitcoin. One consideration that doubted by many governments in Asia is the security of bitcoin. But even so, bitcoin still be used with caution and the government is not responsible if things happen that are not desirable.
The crime gangs are very innovative in Asia. If they came to know about Bitcoin, then they will exploit it for illegal uses, such as blackmail and ransom payments. This may be one of the reasons why the Asian governments are still not willing to legalize Bitcoin. Another issue is tax evasion. As we all know, Bitcoin is a very powerful tool for someone looking to evade taxes. I think you're being a little generous when you say that they don't know about Bitcoin. I would be willing to bet that there is a considerable amount of crime gangs that know about Bitcoin, and most of them likely use it to some extent, however it might be limited due to some of their capacities. China has been pretty frustrated by Bitcoin already, wouldn't surprise me if crime groups seek to exploit that. |
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calkob
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February 25, 2017, 04:27:09 PM |
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Bitcoin is taking off all over the world and especially in Asia, now is the time to get some if you havn't already. It really easy to purchase through exchanges and storing it is simple once you get some knowledge of how to do it. |
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Qartersa
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February 25, 2017, 04:31:13 PM |
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Bitcoin is taking off all over the world and especially in Asia, now is the time to get some if you havn't already. It really easy to purchase through exchanges and storing it is simple once you get some knowledge of how to do it. The prices are dropping, and I do think it is indeed the best time to buy. When the prices drops to the floor again, it would start to skyrocket in price in the very near future. Like what happened this january. Prices reached $1,100 then dropped to $750, now it back to $1,100 after reaching the price of $1,200. I think we'll reach $1,500 on the next rise. |
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bitcoinmasterlord
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February 25, 2017, 05:34:48 PM |
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Bitcoin is taking off all over the world and especially in Asia, now is the time to get some if you havn't already. It really easy to purchase through exchanges and storing it is simple once you get some knowledge of how to do it. The prices are dropping, and I do think it is indeed the best time to buy. When the prices drops to the floor again, it would start to skyrocket in price in the very near future. Like what happened this january. Prices reached $1,100 then dropped to $750, now it back to $1,100 after reaching the price of $1,200. I think we'll reach $1,500 on the next rise. Buying coins from $1k+ is not worth, and don't expect the previous result will repeat now, because in 2013 when halving happened the price raised to $1500 but after that, it suddenly drops to 100$. But last year also halving happened but after that price not went down like 2013. So we can not predict the bitcoin price. But yes this is the time to collect coins but buying coins from real money is too expensive. |
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bitbob82
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February 25, 2017, 06:29:45 PM |
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Bitcoin is taking off all over the world and especially in Asia, now is the time to get some if you havn't already. It really easy to purchase through exchanges and storing it is simple once you get some knowledge of how to do it. yes i am also from Asian and specially from South Asia and i can see that the number of bitcoin users are more in Asia as compare to the rest of the world. and hope that the number of bitcoin users will increase more and more here. |
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target
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February 25, 2017, 07:39:41 PM |
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I'm from a 3rd world country in Southeast Asia and using bitcoin all the time. Its not used by the majority but still available for them, the number of users are increasing every day because I notice them on facebook groups and my fellow country men are embracing not just bitcoin but also some other altcoins. We do have our own too which is PesoBit and I'm one of the user that keep a stash for the future.
I am currently hired by someone from Japan who also are into ETH and BItcoin, they are currently creating an exchange and I'm one of the 3rd party they hire for their promotion later.
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ilovefeetsmell
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February 26, 2017, 08:09:20 AM |
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I am from the Asia which is the Philippines, bitcoin accepted and widely adopt by everybody. In my opinion, everywhere was accepted the bitcoin. No exceptions for that. Bitcoin becomes more popular all over the world. |
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sportis
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Veni, Vidi, Vici
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February 26, 2017, 05:08:18 PM |
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I think it is a true story. but I feel that since the first, bitcoin has indeed spread in Asia, in fact, it has spread to the international world. My country lies in the Asian region, and in my country a lot of people who have been using since bitcoin bitcoin have a high enough price.
I also live in an asian country and I still have not seen many people using Bitcoin due to many restriction and scam accusation against this crypto. Many scammers have abused Bitcoin and use it in a illegal wait to steal people's money. That is a shame and causes a lot of troubles to Bitcoin. Anyhow, Bitcoin will become stronger in ASia, I can ensure with you I have almost read all the answers in this thread because I felt surprised that OPs asked about bitcoin acceptance in Asia especially when he found a blog from an online store which located in the fifth country in the world population. As always bitcoin is well known not only in Pakistan but everywhere in the world with more or less the same circumstances. There are countries where are more bitcoin friendly, other which bitcoin have not still regulated or government keeps a neutral policy and others like as China were they interfere with raw and inelegant way in the operation of Chinese exchanges in order to defend yuan. |
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tabas
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February 26, 2017, 05:15:15 PM |
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It depends on where part of Asia you are living. Because I can confirm that bitcoin is widely used here though we are still few who are using this crypto in the market. And the fact that bitcoin is accepted everywhere and we do know all about it.
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novemberwoah
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February 26, 2017, 05:51:17 PM |
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True, the regulations use of bitcoin at average Asian countries is still not fully used because each government is reviewing bitcoin. One consideration that doubted by many governments in Asia is the security of bitcoin. But even so, bitcoin still be used with caution and the government is not responsible if things happen that are not desirable.
The crime gangs are very innovative in Asia. If they came to know about Bitcoin, then they will exploit it for illegal uses, such as blackmail and ransom payments. This may be one of the reasons why the Asian governments are still not willing to legalize Bitcoin. Another issue is tax evasion. As we all know, Bitcoin is a very powerful tool for someone looking to evade taxes. I think the problem many Asian governments are doubtful about bitcoin's not it. Security which I think that no one can guarantee if bitcoin saved lost, so if bitcoin in your wallet lost (because a hack or negligence) will not be refunded. It I think that makes bitcoin is still questionable safety by the government. If such illegal things you said paper currency will also be used as it is, so any transaction that includes a tool could be used for illegal things. If bitcoin becomes legal I'm sure will be regulated in order to minimize the occurrence of which you say it. |
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Mometaskers
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February 28, 2017, 03:23:56 PM |
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OP the link you shared has nothing to do with Asia. But if you really want to know if it's legal here, then yes, haven't heard any country here that has outright banned cryptocurrencies. Many countries have started to consider bitcoin as legal tender. Of course the governments want some regulation (in my country they asked exchanges to register with the government) but there's no indication that they'd tighten their grip. So far, bitcoin seem to be safe in Asia. Let's just hope ransomware don't become widespread here and sour the public's perception of bitcoin. The blog isn't even about bitcoin in Asia. It is just for introduction of bitcoin and all of that can also be found here. Though it is good you have found that and end up here also.
Yes it is acceptable in Asia. I am from Philippines and we buy bitcoin through Coins.ph website wallet in which there is an option to buy in a convenient store named 7/11.
That's what I also use. Do you also use any other software wallet? I also use Coinbase but since there are no withdrawals for our country then it is just like storage for me. I guess I trust Coinbase when it comes to handling my bitcoin. Plus, their prices is better than other wallets so we will just have to wait if ever they will open up the withdrawal here in Philippines. We should help each other to tell them they should open it since there are a lot of users in our country. I have a Coinbase account, first wallet I made coz it turned up top of search when I was Googling. How much do they charge when I transfer funds from my coin.ph account? And yeah, we should petition them to open up their service here in the Philippines. Do they have a page or something where people can leave messages? Found nothing here in the forum, not even a campaign-related thread. |
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gilangIDR
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February 28, 2017, 03:31:52 PM |
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bitcoin development in Asia is now very good. many people are using. other than that this time had begun to develop large companies that accept bitcoin.
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gredisgold88
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February 28, 2017, 03:34:30 PM |
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bitcoin accepted anywhere, but almost all countries give gray regulation , Such laws are still confusing, the duality in a single regulation .
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dihari
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February 28, 2017, 03:49:46 PM |
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All countries except Bitcoins as far I know, maybe 1-2 don't but that's OK. If you would have bothered to Google you would have found out that China has the highest share of Bitcoin hash and all activities it's high there compared to all. Las time I checked China was in Asia. There was also a thread here saying about price in India Bitcoin was around 1000$ again a Asian countries. So yes Bitcoin is accepted by the Asian countries and worldwide. There are local countries board you can check them to see more and specially which country you are referring to. Hope it shall help you.
I think bitcoin is not accepted by any countries yet. The real condition right now is all of the government in the world is not admitted bitcoin as a legitimate payment, but they doesn't prohibit the use of bitcoin (some country banned it). So you have your own risk when you choose to use bitcoin. You can't call the cops if you loose your wallet's key password  At least you can spend Bitcoin around the world in any store that accept bitcoin as payment. |
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pinkpanther03
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March 10, 2017, 06:13:13 AM |
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Bitcoin so far has been spread out somewhere along Asian country which is Singapore, China, Korea, Thailand, Philippines, and japan and others which I don't know what  But some of them its actually saturated but some of their citizens are anyhow had an idea about in bitcoin currency. |
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bamboylee
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March 10, 2017, 06:56:33 AM |
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Recently from the news Japan and Philippines approve to used bitcoin as a legal tender. I think Dubai is also on the road for approving. Wherever in Asia, bitcoin is being accepted and governments are mobilizing their effort to utilized this cryptocurrency.
I am from the philippines and I never heard the news that bitcoin is accepted as a legal tender. Any link to this news? As far as I know, bsp put a regulatory framework to the likes of coins.ph as a money transfer business. But there is no news I heard about bitcoin as legal tender in the philippines. |
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Roboabhishek
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March 10, 2017, 07:32:59 AM |
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I am from the Asia which is the Philippines, bitcoin accepted and widely adopt by everybody. In my opinion, everywhere was accepted the bitcoin. No exceptions for that. Bitcoin becomes more popular all over the world. Not even in Philippines it's becoming popular even in India. A few merchants have started accepting bitcoin as their payment option locally. However they most of them are taking additional fee for it |
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paul gatt
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March 10, 2017, 08:08:11 AM |
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Bitcon is accepted in many parts of the world, Asia is a big area, and many countries use it, this is also one of the largest bitcoin markets. China, Korea and Japan are the typical countries that have strong bitcoin markets. The whole world is using bitcoin, only a very small number of countries are not allowed to use it, however, it will certainly be used in the future.
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