Bitcoin in Asia

[Netnox]

Bitcoin investments are popular in South Korea and Japan because of Chinese law, so now Chinese investors can only trade privately.

Chinese investors are purchasing Bitcoins through exchanges in Hong Kong and South Korea. I am not very sure whether they are using the Japanese exchanges, because they are having tough KYC requirements. Also, the South Korean authorities have tried to ban the Chinese users from the exchanges in their country.

[Lemer]

Hey,
I just saw a blog http://www.w11stop.com/blog-w11stop/bitcoin-w11stop related to bitcoin and wanted to know is it acceptable in Asia?

Thank You

Yes, much of Asia is beginning to use bitcoin, but it is also facing some problems, with countries preparing to regulate it.

[henglibr]

Bitcoin investments are popular in South Korea and Japan because of Chinese law, so now Chinese investors can only trade privately.

Chinese investors are purchasing Bitcoins through exchanges in Hong Kong and South Korea. I am not very sure whether they are using the Japanese exchanges, because they are having tough KYC requirements. Also, the South Korean authorities have tried to ban the Chinese users from the exchanges in their country.

They don't need to use foreign exchanges if they want. There are various p2p websites where you can buy bitcoin from China.

[luka red]

most of the asian countries accept bitcoin except kyrgyzstan,Bangladesh and nepal.
central bank oof Bangladesh said that anybody caught using the virtual currency could be jailed under the country's strict anti-money laundering laws.
nepal rastra bank declared bitcoin as illegal on last August.
unlike these countries china declared bitcoin as legal.and it is very popular in china.

[balakang00]

Bitcoin is now widespread worldwide especially in Asia. China, Japan, Korea, etc. these countries accepts bitcoin on some of their transactions and learning to continually widen the scope of its acceptance. Also, people in Asia have been more interested on the opportunities bitcoin has to offer.

[fanhuaijiao713]

BTC is very popular in Asia, particularly in South Korea and Japan, Japan and the Philippines approved the use of the currency as legal tender, electronic payment is very popular in Asia, many Asian people to travel abroad need not be redeemed for cash, it is ok to use mobile payment! I believe BTC will reduce the distance between country and country!

[Nabilog]

Bitcoin in Asia is accepted. Though government makes some warning but they are not prevented it.
Southeast area is the most btc friendly country.

[Clairee Aimee]

Hello

Don't be worry

Bitcoin very populare in aAsia . Such as Japan , China , India, South Korea , Philipin & Indonesia...
And they easy to use....

[BurhanPSG]

Maybe for some countries still receive bitcoin, but many countries in asia are ban bitcoin. Or maybe not yet know what bitcoin is, so for the problem be accept or not. it depends on the government

[Tonydman97]

Bitcoin in asia emerges in the aftermath of the global financial crisis. More Asians are starting to see it as a way to make some quick cash, but also as a way to safeguard their savings against political crises and low interest rates.

Some of examples are low interest rate in Japan, the strict regulations of money out in China, and concerns about the North Korean crisis impacting economy in South Korea. These are reasons why so many in Asia are trying to cash in on the Bitcoin craze.

[Jaya1995]

In my country indonesia bitcoin has been known by the public, but there are pro and contra about bitcoin. Because the public in my country when heard about bitcoin, of course they will ask the legality of bitcoin. But in fact the people in my country many are looking for ways to get bitcoin because of the high currency exchange rate

[laracastvue]

Bitcoin is accepted everywhere in the world especially Asia: China,Japan, South Korea, India etc. Bitcoin is big and keeps expanding by the day so just check localbitcoin website for merchants and exchanges closer to your location in Asia.

That is a very good news to know, Because there are a lot of people who are waiting for bitcoins to be legalize on different countries. A lot of people are hoping that cryptocurrency will be the only currency world wide for us in order for its value to increase further more.

[LogitechMouse]

There are many countries in Asia that doesn't ban bitcoins. In our country Philippines, the Central Bank of the Philippines just approved the registration of the two bitcoin exchange operators. They accept bitcoin but they don't regulate it and always telling warnings to us. I hope more countries will accept bitcoin establishments too.

[thenameisjay]

Hey,
I just saw a blog http://www.w11stop.com/blog-w11stop/bitcoin-w11stop related to bitcoin and wanted to know is it acceptable in Asia?

Thank You

Bitcoins is very famous specially in Asia. It has been said that bitcoins have originated in Asia specifically in Japan. As far as famous goes, Japan and China are the juggernauts of mining in Asia alone. Imagine European countries that participate in the mining pool.

[rainezerr401]

Bitcoin is accepted everywhere in the world especially Asia: China,Japan, South Korea, India etc. Bitcoin is big and keeps expanding by the day so just check localbitcoin website for merchants and exchanges closer to your location in Asia.

Most of the country in asia has bitcoins legalized in their country, The best area is china where the electricity consumption is very low. Most of the professional analyst are telling that 30% of the contributor on the market is from china. It only means that bitcoins is becoming accepted to the community even more.

[BabyBoss]

There are many countries in Asia that doesn't ban bitcoins. In our country Philippines, the Central Bank of the Philippines just approved the registration of the two bitcoin exchange operators. They accept bitcoin but they don't regulate it and always telling warnings to us. I hope more countries will accept bitcoin establishments too.

Yes our country are not banning bitcoin but they always keep on telling us about being wise and be careful and are always warned us even in the news. But it doesn't mean that they are much more approved because they have still doubt it and still warned people about something that are about negative sides. I don't if Banko Central is only panicking that's why they keep on warned us. Well, that was my opinion and I think I'm not wrong about it. But anyway, great to have a nation like this.

[barabut]

The "CoinmarketCap", which holds the pulse of the digital world and visited by millions every day, received a decision to lift the artificial effect on the price list of South Korean stock exchanges.

[Jesabela04]

Hey,
I just saw a blog http://www.w11stop.com/blog-w11stop/bitcoin-w11stop related to bitcoin and wanted to know is it acceptable in Asia?

Thank You

Bitcoin is acceptable anywhere here in Asia. Nothing to worry about it.Countries in Asia has the most number of bitcoin users in the world. Countries in Asia has the largest numbers of investors and users that earns a lot of profit yearly so you have nothing to bother and worry about. We are hoping that bitcoin will be banned here.

[Man21]

Bitcoin is accepted everywhere in the world especially Asia: China,Japan, South Korea, India etc. Bitcoin is big and keeps expanding by the day so just check localbitcoin website for merchants and exchanges closer to your location in Asia.

I think bitcoin is accepted every where as investment program online like in my country but bitcoin is not accepted as currency. Nobody can use bitcoin to buy something offline in my country.

[KingOfWinterfell01]

Asian countries are a powerhouse when it comes to bitcoins. Special mention to China and Japan for being the superpowers of bitcoins in Asia. Here in my country, the Philippines, bitcoins are gaining a lot of attention specially to the government. But mostly the attention is because of concern and probably a regulation of bitcoins.