Will bitcoin in Southeast Asia be legal?

[Danielreynolds0]

I think in countries that have not been legalized and accepted by the nations, I think we should wait and be patient.

[podidhana]

Definitely, Bitcoin can become a legal currency in Southeast Asia. Bitcoin is the highest price and highest volume cryptocurrency in the market. Most people are loving this coin because Bitcoin has a great future. Day by day, A lot of people are investing in the Bitcoin and BTC growing rapidly. Whatever, I'm pretty sure one day Bitcoin can become a legal currency.

[TechnoX_X]

Maybe someday bitcoin will be legal in southeast asia. And in my opinion not only in southeast asia and all over the world. But for now bitcoin is still not legalized due to several factors. In my own country bitcoin is still very illegal and should not be used for any transaction.

[sormin]

I think it will have a positive impact for some countries. Because it can be an alternative means of payment in addition to using money. Moreover in it we can deviate funds we have safely. As long as the earth rotates bitcoin it might be legal in southeast asia.

[cammie16]

I think it will have a positive impact for some countries. Because it can be an alternative means of payment in addition to using money. Moreover in it we can deviate funds we have safely. As long as the earth rotates bitcoin it might be legal in southeast asia.

Well, it depends, as long as there are no major negative news affecting bitcoin maybe the southeast asia will continue to accept bitcoin but I think it will still take some time to be accepted in whole south east asian countries.

[carlisle1]

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?

Only few countries in southeast asian has a adaption for cryptocurrency and ofcourse bitcoin

But many of them has a good treatment for bitcoin and all the alternative coins

This means we dont need legalities we need is freedom this is what crypto is all about to do whats the things this must be

[azizfikri2]

Maybe Bitcoin will legal in Southeast Asia if Bitcoin have some benefits for countries in Southeast Asia. Maybe Bitcoin can gift more benefits for individuals but not country, because I think the government not have some regulation and rules about Bitcoin. Some people who earn Bitcoin I think never pay the taxes from bitcoin.

[lamthanh3462342]

I think it will be recognized soon enough. As central banks in Southeast Asia are now taking a cautious stance toward the rise of virtual currencies, it is inevitable that they will adopt the same basic technology or blockchain technology. Most of these banks also believe that speculative investment in the virtual currency market does not pose a risk to the system but requires greater regulatory oversight.

[yonjitsu]

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?

Well, some of these countries are already adapting the blockchain technology and just like what countries in the northeastern part of the said continent claim that their economic status have been lifted up with the help of blockchain technology. There we can conclude that the impact is positive for those who adapt the technology.

[mr_enoc]

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?

If bitcoin will be legalized by more countries,  it will have a good effect in the market, the price will rise because of the higher demand and limited supply. 

One more thing, btc is a digital currency, it is the latest technology in the form of currency,  if other country will adopt it,  it will be more easier for them to transact with their online transaction.

[DanielJacob]

Some of the south east Asian countries have already legalized BTC whereas others are on the verge of legalizing it by regulating BTC using new framework so that it doesn't harm their economy. India is the latest addition who are proposing a framework to regulate BTC. I think after this event, many more countries will follow.

[reality18]

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?

In the Asia as a whole, crypto is likely to boom over there. Just some few months ago, South Korea retraced its statements against cryptocurrency and legalized it. It will take time but gradually the other countries will follow as they get to see the success stories of South Korea through cryptocurrency.

[n0ne]

Southeast Asian countries were small compared to most other Asian countries. In most countries the bitcoin hasn't got a legal acceptance, as well it hasn't got much of opposition. Maybe few countries like Singapore, Philippines will regulate and make provide access for a regulated usage which helps in easy spreading of cryptocurrency all around.

[ys fs]

maybe yes, because bitcoin  there have been many uses and it can have an impact on the economic system in the country, so in my opinion there is a possibility that bitcoin will be legalized in southeast asia.....

[DoublerHunter]

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?

In the Asia as a whole, crypto is likely to boom over there. Just some few months ago, South Korea retraced its statements against cryptocurrency and legalized it. It will take time but gradually the other countries will follow as they get to see the success stories of South Korea through cryptocurrency.

That is true, a lot of countries in the Southeast Asia or Asian countries in overall are just going crazy in adapting bitcoin and other cryptocurrencies because they really believed to the future of the cryptocurrency or blockchain technology in general, it is a good move for the Asian countries in order to  be advanced compare to the other countries that who didn't accept cryptocurrency yet.

[haidil]

Day by day bitcoin will be accepted in every country, this is my dream. India is a country in South Asia, if I am not wrong, they banned bitcoin, and again they open the door for the bitcoin, At this moment, India is trying to pull bitcoin under regulations. So, I think other countries in south Asia will accept bitcoin within three years. This is just my prediction about this issue.

it will definitely happen and I hope in Asia and all countries legalize now that bitcoin is starting to attract the attention of everyone. this is certainly a good thing

[mrbamboo]

In my country - a country in Southeast Asia - Bitcoin is now illegal. The government does not allow the use of Bitcoin as a currency. But they do not prohibit the storage of Bitcoin as a personal property. I think in the future this issue will be adjusted and changed positively.

[mrbamboo]

maybe yes, because bitcoin  there have been many uses and it can have an impact on the economic system in the country, so in my opinion there is a possibility that bitcoin will be legalized in southeast asia.....

I think that this is quite difficult, because in these countries there are many problems still complex. For example, the Philippines has political instability, drugs, terrorism ... With the advantages of Bitcoin, the bad guys can take advantage and use Bitcoin as a suitable tool. Therefore, the government of this country will issue a ban on Bitcoin. But not all Southeast Asian countries are like that.

[Dread Pirate Roberts]

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?

im in SEA cannot be explained exactly what happened at this time. enthusiastic use of crypto sebai payments and investments. but hack case. criminals also coincide with that in Indonesia. which is the most basic and clear part of SEA. the government allows use and ownership but is not certain for legitimate transactions. they avoid paying illegal goods and minimizing it from that regulation.

[yourialfa]

It looks like bitcoin in Southeast Asia will be legal but it takes a long time. I myself am a person in Southeast Asia and I know how enthusiastic Southeast Asians are about cryptocurrency. So, for legal, it definitely requires more time and also requires some government linkages. So we just need to be patient and wait until that happens. A positive impact might occur if it has been legalized.