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Author Topic: Will bitcoin in Southeast Asia be legal?  (Read 4537 times)
DewiKirana
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September 02, 2018, 11:14:14 PM
 #401

I don't think it is possible for all countries in Southeast Asia to legalize bitcoin, there must be one country that prohibits it. Our way to convince countries that prohibit bitcoin to legalize it seems quite difficult if bitcoin cannot be trusted by that country.
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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Star_Bucks
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September 02, 2018, 11:50:37 PM
 #402

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?

Maybe some Southeast Asian countries will legalize cryptocurrencies, maybe will not. In short, we don't know what will happen. We really needs to stop predicting what will happen in cryptocurrency's future because it will not benefit us
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September 03, 2018, 12:31:01 AM
 #403

bitcoin will be accepted in every country, this is my dream. if i am not wrong other country they banned bitcoin, and again they open the door for the bitcoin,this moment other country is trying to pull bitcoin under regulations...i think other countries in south asia will accept bitcoin within three years just my prediction about this issue....
princeyeboah
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September 03, 2018, 12:40:56 AM
 #404

Bitcoin will certainly meet the acceptance of most Asian countries some time to come when the exchanges are able to meet more of the countries monetory security requirements, thus the provision of KYC of every entry. This will allow the governments to approve it to meet the mass adoption in Asia.

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September 03, 2018, 01:25:28 AM
 #405

I think to solve bitcoin, the government must change the government system contract, because after I make money the contract has a contract for the company that wins the tender, and of course the financial system in the government will change if the country legalizes bitcoin for a country's currency
sarungmen
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September 03, 2018, 01:42:12 AM
 #406

That socialization might be important, with a lot of social media right now so I don't think it's difficult to develop BTC in Southeast Asia, I think with the existence of BTC it will have a positive impact on the economy in the country, at least it will increase the income of its people and make its economic transactions increasingly efficient
Thecryptocurrency09
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September 03, 2018, 01:53:56 AM
 #407

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 do believe in the capabilities of bitcoin and its legality. We are all aware how it came to its extreme about patronising or being known in a worldwide web which is just a iota to be known across the country. I believe that later on bitcoin will be known internationally by its capacity.
arifin eky
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September 03, 2018, 02:13:50 AM
 #408

maybe bitcoin is legalized in the Southeast Asia region, because now in one of the Asian countries, namely Indonesia, for example, bitcoin is a business need there and and is very popular with all circles.

the positive effect is that inflation in the country will rise, but the downside is that many workers are lazy to use muscles like construction workers, for example, because by investing in bitcoin they will get a salary.
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September 03, 2018, 02:23:28 AM
 #409

Is bitcoin in Southeast Asia should be legal because many people need money because of the difficulty of life.
If you want to get money, just get a job (you don't even need Bitcoin in the first place if you are not lazy). Japan has been proven to be a country that make Bitcoin legal as their payment method alongside of Korea. Bitcoin wasn't supposed to be a currency on that day, but using the technology behind it for the future.

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sagittarius1
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September 03, 2018, 02:33:24 AM
 #410

it appears to be these days each nation in southeast asia is considering authorizing bitcoin, they are searching for benefits and misfortunes in each bitcoin utilize, I think the bitcoin is by all accounts lawful in each nation in southeast asia
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September 03, 2018, 09:27:52 AM
 #411

One of them in Japan is already legal bitcoin. We just wait for it in the future. Because the government still calculates. For legal bitcoin in Asia.
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September 03, 2018, 10:29:18 AM
 #412

Southeast Asia has a large volume potential because of high internet usage in all circles of society, because legality is still a mystery, but their governments are not too skeptical and are willing to work with local exchange markets for active development.

bitcoin is the right alternative because the currency they have is not able to become a foundation for widespread prosperity.
Rooster101
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September 04, 2018, 06:31:54 AM
 #413

Some countries in the southeast asia allowed the hse of bitcoin in some business like sending money to a remittance, the bitcoin you will going to send is automatically converted to fiat. Other stores, mostly online, are also accepting payment in bitcoin but the has't yet legalized or regulated the cryptocurrency. The reactions of this countries in allowing the cryptocurrencies in their land are varied but majority of them imposed no ban on cryptocurrencies and allowed their citizens to use it.
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September 04, 2018, 10:10:03 AM
 #414

Bitcoin in southeast Asia is not legal but its regulated and day by day bitcoin in some countries are slowly adopt, accept, and legal. We hope someday all over the world the bitcoin will be legalized because it will change our living and also life.
Evil eye
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September 04, 2018, 11:16:55 AM
 #415

Bangladesh is a Southeast Asian country. Bangladesh also ban cryptocurrency and bitcoin. But other Southeast Asian country are cryptocurrency adoption progressing slowly. I hope in future BD government will change their decision and accept bitcoin.
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September 04, 2018, 11:27:39 AM
 #416

This is a matter of time. Neither are they now against the car. No one will stop the digital economy. To brake for a while that's all.
ashar.ashfaq26
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September 04, 2018, 04:30:05 PM
 #417

Yea it may not be legalized because there are some countries who haven’t legalized it
The reason behind this is that this effect the business of stocks ns there is a freat investment in this crypto
orarider
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September 04, 2018, 04:38:05 PM
 #418

Atrophy that countries in Southeast Asia are gradually adopting bitcoin. The electronic money market is booming in these countries. Singapore is a pioneer in the virtual currency world. There are many ICO projects in singapore.
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September 04, 2018, 05:32:41 PM
 #419

I think this business is timed. The countries that realized the importance of bitcoin. They will be in the forefront of not only the digital economy but also those opportunities. And they are huge.
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September 04, 2018, 05:51:25 PM
 #420

Most of the Southeast Asian countries are not really support cryptocurrency because they think some people's are involving in illegal activities like money laundering etc. and also people's can be become victim of scam projects or hacking activities and they will loose their hard earned money.
Hence the government constantly reminds us about the risk factors of crypto currencies, but also acknowledge the importance of Blockchain technology.
But now my country and all Asian countries are moving forward to regulate this crypto currencies so that they will regulate this and people's can freely to work with crypto currencies.
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