Bitcoin in Asia

[severaldetails]

It's nice to hear that some shops are accepting it locally in asia.
But I think it's way to early to say that the whole world is using bitcoin.
Only a very small fraction of one percent of the people is using bitcoin right now.
So there is still a lot of work to do.

[Zadicar]

Theres no restriction on where bitcoin could be used specially on Asia,we all know its large and as long theres internet bitcoin could be accessed anytime.Like in my country i do live on southeast asia and i could say there are lots of bitcoin users on my place but adoption isnt too spread but hopefully it would be available soon.

[danherbias07]

Theres no restriction on where bitcoin could be used specially on Asia,we all know its large and as long theres internet bitcoin could be accessed anytime.Like in my country i do live on southeast asia and i could say there are lots of bitcoin users on my place but adoption isnt too spread but hopefully it would be available soon.

It does take time before it happens. It is just sad sometimes when people are introduced to it for illegal transaction purposes. I have experienced offers like that to where they will buy bitcoins to me just to buy weapons and other illegal stuffs. This way of introduction should be changed.
It would be better to tell them it can be use to send money and Asia is one of the continent who does send money a lot.

[target]

Its mostly traded here in Asia, particularly in China so its definitely  a Bitcoin ready region. A Japanese bitcoin exchange recently has the highest volume which is the https://bitflyer.jp/
You wouldn't think of it like it will compete China but yes it did. Those who trade on Tokyo Forex may be starting to use bitcoin this time. If the rest of the Asian countries will have their own exchanges, its going to boom eventually. Korea has its own too such as Coinone exchange.

[Betwrong]

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.

I agree, Bitcoin will certainly be used evrywhere in the world in the future. What I can't understand is how does it matter whether it's Asia or Europe or America? Probably a particular country and its government matters in regard of how they treat Bitcoin, but not continents.

[YuginKadoya]

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.

I agree, Bitcoin will certainly be used evrywhere in the world in the future. What I can't understand is how does it matter whether it's Asia or Europe or America? Probably a particular country and its government matters in regard of how they treat Bitcoin, but not continents.

Actually Bitcoin can conquer the world if it wasn't for some government, actually that is why bitcoin is just allowed to certain  selected stores all over the world is because the government is prohibiting the use of it entirely in the whole country, we can say that bitcoin is just working in the shadows that is why there are some people that doesn't known the purpose of it.

[warwar]

Bitcoins i think is accepted everywhere and each country but some is not really adopting it.Yes bitcoin is do accepted in ASIA,you can freely spend your bitcoins in asia, no restriction at all you are free to use and to spend bitcoins here in asia

[Milo_Kidd]

Actually the more BTC miners the more expensive BTC is not just here in Asia. If almost of the world adopting BTC I think its more difficult to earn it and the more high equivalent in any currrency it is.

[DomainMagnate]

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.

This is true.Crime rate in Asian countries are high and bitcoin can be misused by criminals and the shortage of blockchain technology experts will make such criminals do away with their crime.

[Red-Apple]

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.

This is true.Crime rate in Asian countries are high and bitcoin can be misused by criminals and the shortage of blockchain technology experts will make such criminals do away with their crime.

the good news is you are wrong because until today (after bitcoin being around and working strong for 8 year) we have not heard any major usage of bitcoin for illegal activities that is more than usage of fiat. the biggest one was silkroad and darknet and then the ransomware. the rest are too small.

[Dmitry.Vastov]

A good introduction to all bitcoin newbies. And yes bitcoin is accepted on many countries in Asia. Asia also is the largest bitcoin users in the world. But not all countries in Asia are accepting bitcoin. Thailand was declared bitcoin is illegal on 2013 while Taiwan bans bitcoin ATMs only. For more info about legality of bitcoin in your region. You can visit this website https://en.m.wikipedia.org/wiki/Legality_of_bitcoin_by_country

[target]

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.

This is true.Crime rate in Asian countries are high and bitcoin can be misused by criminals and the shortage of blockchain technology experts will make such criminals do away with their crime.

the good news is you are wrong because until today (after bitcoin being around and working strong for 8 year) we have not heard any major usage of bitcoin for illegal activities that is more than usage of fiat. the biggest one was silkroad and darknet and then the ransomware. the rest are too small.

Crimes are everywhere not just in Asia. Crimes won't stop if users are going to stop using bitcoin, its always there even online there are crimes, its just we don't see it often like the scams here in bitcointalk.  Bitcoin Market will always stay whether there is crime or not. There are more individual using bitcoin for honest businesses, merchants are gradually recognizing it and we're all going to be part of these development in shaping the economy.  Asia is the future

[emezh10]

Theres no restriction on where bitcoin could be used specially on Asia,we all know its large and as long theres internet bitcoin could be accessed anytime.Like in my country i do live on southeast asia and i could say there are lots of bitcoin users on my place but adoption isnt too spread but hopefully it would be available soon.

It does take time before it happens. It is just sad sometimes when people are introduced to it for illegal transaction purposes. I have experienced offers like that to where they will buy bitcoins to me just to buy weapons and other illegal stuffs. This way of introduction should be changed.
It would be better to tell them it can be use to send money and Asia is one of the continent who does send money a lot.

Yep I experience that too. The first bitcoin article that I read is about the black market in deepweb , That they are using bitcoin to every of their transactions there. And I think that is the bad side of the bitcoin because you can use it anonymously. But in terms of introduction now in my country the bitcoin became more popular because of the seminar that are conducting by some companies and that is good to here because more people know about bitcoin although is it not user friendly but as time pass by the people will adopt the bitcoin  in their lives.

[jacktheking]

I am a Singaporean and I'd say that my country is very Bitcoin friendly. I met a few individuals personally that uses Bitcoin. Recently, I joined a local Bitcoin Facebook group. I was very surprised that the group have so many members. Most of them uses Bitcoin as a form of online investment rather than payment system though. However, I am sure that as time goes on, Bitcoin will earn a place as an online payment system.

(After writing and reading, I am surprised at how I structure my post this time round. lol.)

[TheUltraElite]

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.

This is true.Crime rate in Asian countries are high and bitcoin can be misused by criminals and the shortage of blockchain technology experts will make such criminals do away with their crime.

the good news is you are wrong because until today (after bitcoin being around and working strong for 8 year) we have not heard any major usage of bitcoin for illegal activities that is more than usage of fiat. the biggest one was silkroad and darknet and then the ransomware. the rest are too small.

Misuse of bitcoin can be done by anyone anywhere - but that may be an isolated case and not worth noticing. Apart from silk-road incident, ransomware and the uTorrent mining malwares, there has not been much misuse of bitcoin.

Again we can compare fiat which is misused everywhere - bribes, corruption - very high in my country which is in Asia. But bitcoin has not relation to it. Here mostly people use fiat. Very small fraction of us here use bitcoin.

[romero121]

Bitcoin in Asia has got more importance than the Western countries. One such example for this is the Chinese having lot of user base. Even in the past Asia has got more adoption. Users from India on demonetization moved towards bitcoin. Japan with its regulatory law has made bitcoin an officially accepted payment. Philippines has got several outcomes to blockchain technology. Indonesian bank has invested lot for fintech development. As a whole Asia is leading compared to the other continents.

[delliaerd]

I live in Asia Here are many countries that accept Bitcoin but some of them have not received Bitcoin. especially in my country , bitcoin is less popularity, only one province that accept Bitcoin as payment in real life.
Unfortunately I've never tried it straight away because I live away from that place.

[sportis]

Theres no restriction on where bitcoin could be used specially on Asia,we all know its large and as long theres internet bitcoin could be accessed anytime.Like in my country i do live on southeast asia and i could say there are lots of bitcoin users on my place but adoption isnt too spread but hopefully it would be available soon.

It does take time before it happens. It is just sad sometimes when people are introduced to it for illegal transaction purposes. I have experienced offers like that to where they will buy bitcoins to me just to buy weapons and other illegal stuffs. This way of introduction should be changed.
It would be better to tell them it can be use to send money and Asia is one of the continent who does send money a lot.

Yep I experience that too. The first bitcoin article that I read is about the black market in deepweb , That they are using bitcoin to every of their transactions there. And I think that is the bad side of the bitcoin because you can use it anonymously. But in terms of introduction now in my country the bitcoin became more popular because of the seminar that are conducting by some companies and that is good to here because more people know about bitcoin although is it not user friendly but as time pass by the people will adopt the bitcoin  in their lives.

Of course bitcoin is a currency and it can be used for illegal activities, like as fiat currencies all over the world. As far as it concerns the 'anonymity', bitcoin isn't and the more possible will never been an anonymous currency. It's only pseudonymous.  That is, the bitcoin address is a pseudonym and the transaction forever is recorded in blockchain. Of course you don't use your real identity. However, in many cases identities can be linked to bitcoin addresses (buying/selling goods and services). And many times is easier to find anyone's using bitcoin the real identity than fiat money. For this reason there are mixing services in order to protect the privacy of people when they transact with their bitcoins.

[ethereumhunter]

i think bitcoin is accept in asia and i am sure that people from asia is using bitcoin too but we don't know how much people is involve in bitcoin industry since the government from asia is not yet give any statement for bitcoin. but soon i think the government will be make press release for this so bitcoin can be know by people in asia.

[target]

I am a Singaporean and I'd say that my country is very Bitcoin friendly. I met a few individuals personally that uses Bitcoin. Recently, I joined a local Bitcoin Facebook group. I was very surprised that the group have so many members. Most of them uses Bitcoin as a form of online investment rather than payment system though. However, I am sure that as time goes on, Bitcoin will earn a place as an online payment system.

(After writing and reading, I am surprised at how I structure my post this time round. lol.)

I think so too. I have also met few who are also into bitcoin and they just kept their btc stored in their android wallets. But not me. I look at Bitcoin as investment as well or crypto in general which also the reason why I kept hopping from one crypto to another. I just hop to see where the price goes and once i gain profit just about enough, I once again hop to another. I helps my investment grow little by little. I haven't found a coin where I can really put my money to except the first top of coinmarketcap. Among them are ETH, DASH and of course BTC.