Will bitcoin in Southeast Asia be legal?

[BTCballa]

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?

We need to give some credit off time to those people, to allow cryptocurrency in your country it is not the easiest decision that principles can make, so you need to overlook bitcoin and all the sides and all the opinions, make a proper decision about it, it takes time.

[michellelandry30]

I do think that there are already countries in the southeast asia that legalized bitcoin. I have read that in the philippines that their central bank are now trying to support cryptos which is really good for them

[vonnyaries]

i dont think so, in the Southeast asia there are many county netral with bitcoin, its mean they dont give the legalized or illegal  status on bitcoin, and i think it will very ad, because maybe in the short term, hey can banned bitcoin in that bitcoin

[Vimukkthi Vithanage]

I'm too from a south Asian country , Bitcoin is not illegal in here. But regulations have not set up for bitcoin. Actually what has happened is government have not pay there consideration for this as they see only a few transactions in these countries yet.

[account78]

Speaking to BItcoin, no one can claim to be legal. Just as no one asserts bitcoin is illegal.
It is legal to accept Bitcoin in transactions
It is not legal for countries that have not yet legally prescribed them.

[zenrol28]

Illegal or not bitcoin will remain the same. So why do we bother if bitcoin is going to be legal?  We use bitcoin the become free from the control of the government. Any resistance to the government makes you a violator of their so called laws. Nonetheless, bitcoin will be legal only, if government gains control over it which is quite impossible.

[jayveerastrullo]

Well bitcoin is not illegal here in the philippines. Bitcoin helped a lot of people here. Many users invested in bitcoin and became rich. Some business men are introducing bitcoin to some citizens for them to invest because they know that bitcoin has a great future and it will really help them a lot.

[Kayum10029]

In future it is possible but not now ....some countries in south Asia , India, Bangladesh,srilanka, Pakistan, Nepal Bhutan etc countries governments don't accept bitcoin but people of those countries using bitcoin illegally.

[Noduperewa]

I think in Southeast Asia for the nearest term bitcoin can not yet as a means of payment, but does not prohibit having bitcoin. So bitcoin is more as a commodity that can be stored or traded. For payment not allowed. But with the rapid development of the digital world (including digital currency), inevitably for the long term (10 or 20 years later) bitcoin can be accepted as a means of payment, of course with regulation tailored by each country.

[Rodeo02]

In future it is possible but not now ....some countries in south Asia , India, Bangladesh,srilanka, Pakistan, Nepal Bhutan etc countries governments don't accept bitcoin but people of those countries using bitcoin illegally.

this is how we can see that most of people that are wanted to have some chances of using this currency are making a way of it that they know how to make earning even that this is illegal on their country. Therefor they are just to be more honest on this currency.

[PINAGPALA]

There was some country that legal crypto currencies so for now my answer is yes bitcoin will going to be legal is southeast asia thats a big chance to be a legal

[cryptonewsID]

for now it is possible that not all governments of a country accept bitcoin as a means of legitimate transactions but in the development of cryptocurrency it is not impossible that the future of southeast asia will legalize bitcoin, it also returns to the government authorities.

[Jolyp]

bitcoin is not banned in our country also its not legal in our country. finance minster is researching about Bitcoin blockchain and transactions. i think govt. will accept it coz they find positive things in bitcoin .

[1993jochico]

Will the impact be positive or negative?

Of course there will be a negative effect to bitcoin if 1 country dont legalized the use of it or even trading because there are possible investor in that country that will lose his/her chance to be a part of it, But I believe that bitcoin will be accepted by the whole world in the near future.

[Slow death]

Because to my knowledge there are several countries in southeast asia that have not legalized bitcoin.

I only know that in Asia only japan and south korea have legalized bitcoin, what are other countries in asia that have legalized bitcoin?

And what is our endeavor for bitcoin in southeast asia to be legal like any other country (which has legalized bitcoin).

to give lectures in schools and universities, create an organization to debate with the government to legalize bitcoin, are those actions that can produce good results

Will the impact be positive or negative?

The impact will be positive

[adhikari98]

It is not legal in my country since it is under developed country. My country is Nepal. Also, it is illegal to invest in foreign currency for individual except for the companies which require to do transaction in foreign currency and this also hinders the investment in bitcoin since it is quoted in dollars. In my opinion, some of the countries may legalize bitcoin in Southeast Asia and some will not. Only, time will tell about it.

[TamacoBoy]

In the Philippines, SEC gives approval to two new exchanges. They are still giving warning to the citizen that cryptocurrency is volatile. They are more open to this digital technology.

[Daniwahyu007]

not all have legalised bitcoin. These conditions make low btc prices then they buy, whether it's a strategy

[Congyang]

there is no clarity when bitcoin can be legal in southeast asia, maybe this is a decision of every country. so I think the legalized policy must be approved every country in southeast asia and should have a positive effect.

[Erul13]

Perhaps in Southeast Asia there have been many worthy start to legalize bitcoin. for example in eastern Asia with Japan now it has legalized bitcoin. It could be another country in southeast asia because of its pace. That is a negative and positive government if legalize bitcoin will happen or not. But in Indonesia, part of Asia southeast day by day has started to step to legalize bitcoin. with people in bitcoin getting to know people. and the Government of the state finances must know how tax revenue each month or year in the exchange of digital currency with the currency of the country. Hopefully, from other countries in southeast Asia start the step to legalize bitcoin.