Will bitcoin in Southeast Asia be legal?

[Ludmilla_rose1995]

nothing is impossible, but what will prove is time, when seen from the growth of Southeast Asian people who are interested in Bitcoin. I feel that sooner or later Bitcoin will be legalized in some Southeast Asian countries, not all countries because some countries still reject the growth and existence of Bitcoin..

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[shashikamal]

Due to higher level of fluctuation & lack of infrastructure for crypto in the countries would have impact to legalize crypto or to bring to the practical level. But the adoption cannot be neglected as many developed countries have taken steps to build crypto eco system in their countries.  We cannot expect such a move by many governments but with the booming crypto world it has potential to take steps up to some extend withing next 5 years. Blockchain technology will be used for many purposes in daily life in many parts of the world where the other countries should follow them. But wait for it patiently.

[SIDDHI777]

It is something that the time will decide according to my understanding but there are many ICO investors and crypto users in that region who are involved with the crypto market very actively but governments perception regarding bitcoin and crypto currencies are unclear because some claim that  they are going to ban or restrict and some follow a middle path and that is why it might take some times to understand whether southeast Asia region will legal bitcoin or not 

[SIDDHI777]

nothing is impossible, but what will prove is time, when seen from the growth of Southeast Asian people who are interested in Bitcoin. I feel that sooner or later Bitcoin will be legalized in some Southeast Asian countries, not all countries because some countries still reject the growth and existence of Bitcoin..

Of course we cannot expect every country to make bitcoin a legal currency in locally but if at least majority does that is a huge win for bitcoin and its market because users are rapidly increasing from southeast Asia region for investing and trading due to the digital developments and most of them are young people who are bitcoin enthusiast so we may need to be little patience and hope for the best

[nickwen]

I think countries in Southeast Asia are aceptting bitcoin ...The Governments are having policies to manage bitcoins to fit that government. In addition, the number of participants investing in cryptocurrnecy in The area is growing rapidly,example is Vietnam. But bitcoin trading in Southeast Asia remains anonymous and is difficult

[Kusnechik]

Where, if not in Southeast Asia, recognize Bitcoin as legal. After all, this region is famous for its loyalty to cryptocurrency.

[Raggie]

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 it still takes a long time until they can legalize bitcoin. maybe if bitcoin can give a good influence there, they might just legalize it.

[SMD.Shuvo]

I love Bitcoin. Bitcoin changed my life. So I love Bitcoin from my life. And I can die for Bitcoin. Just like me, many people in South East Asia love Bitcoin. I hope they can legitimize Bitcoin with their love and Bitcoin's good looks.

[stayeduptolate]

Read this: https://cryptoslate.com/how-bitcoin-and-cryptocurrencies-are-transforming-southeast-asia/

Crypto has already begun making an impact in that region. The market there is great for crypto as more people have access to smartphones than to banking services. This in turn has increased the use of mobile payment platforms such as Linepay and Wepay and therefore hints towards the idea that a formidable crypto payment platform will be easily adopted. There is already one exchange platform called omisego that has partnered with Alipay that allows southeast asian crypto enthusiasts to transact in crypto.

We have more info on the omisego platform as well, feel free to check it out: http://bit.ly/OmisegoGuide101

Cheers

I think we all are aware with this status of bitcoin that bitcoin is a decentralised crypto currency all over the world and there is no such proper authentic regulating body over the bitcoin who could keep eye over all its activities  or I should say the the illegal one and I guess this is the most probable reason that why most of the countries are in against of bitcoin as no country wants to bring terrorism in their nation but inspite of all these theresre few nation who has understood the potential of bitcoin and has legalised bitcoin in their nation and I am sure in future Southeast Asia will also legalise bitcoin.

[Phan Long]

Most countries in Southeast Asia do not accept Bitcoin, however there are Philippines. Southeast Asia is a relatively difficult economic sector, so the government is not ready to legalize Bitcoin. Because Bitcoin will affect their economy. In addition, the infrastructure here is quite poor, so here is not ready.

[piebeyb]

if the country has not tried to legalize how it can know the impact is negative or positive, while the thing that has not been done is to legalize it, at least it needs to legalize it so that it can know the negative or positive impact

[criket]

if the country has not tried to legalize how it can know the impact is negative or positive, while the thing that has not been done is to legalize it, at least it needs to legalize it so that it can know the negative or positive impact

of course they know, therefore the government does not legalize bitcoin or cryptocurrency. some countries not only in Southeast Asia I think it still counts, benefits and risks that can be created if legalizing bitcoin. maybe it will have an impact on the benefits of the country.
but I see Singapore countries have also been open with bitcoin and cryptocurrency. countries like Indonesia also prohibit and do not recognize bitcoin as a means of payment, but their government is now also starting to develop blockchain technology. so it can be concluded, some countries that reject bitcoin do not necessarily reject the technology they use. this makes it very open in the future all countries are active in developing blockchain technology.

[demonz666]

yes it is very possible that bitcoin will be legal in Southeast Asia. My country is also in the Southeast Asia region. My country has also made online payments without fiat money. the application used is go-pay. people start buying and selling transactions without using cash. so I think maybe in two years bitcoin will be legal in my country hopefully. for now my country's government only allows bitcoin as an investment and trading tool but does not allow bitcoin for payment.
and I am optimistic that the legalization of bitcoin in Southeast Asia will have a positive impact on the economy.

[pinkpanther03]

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 the prediction about in bitcoin in the near future will be happens for sure not all Asian country will be legal but of course the entire world will adapt its concepts for sure. Meaning, the impact would become positively be happen. Besides bitcoin in the other country became legal already which means there is a highly potentials that bitcoin has in the reality things happens now.

[Yadamosan]

Maybe in the future Bitcoin will be legal in Southeast Asia because there's a chance to make it legal, why? because government are always talking about Bitcoin so maybe in the future can be legal that.

[Amevalentine]

I don't think that my country has legalized bitcoin so that it legalizes the government of each and I don't know that Southeast Asian countries legalized bitcoin if Southeast Asia is legalized by bitcoin, it will be bad later.

[raking]

My country is located in Southeast Asia. Our country accepts bitcoin and legalizes it. There are a number of global businesses that allow us to offer Bitcoin payments for its services, including BitRefill calling cards, airline tickets, hotel reservations and car rentals. , purchased online at Overstock, ...

[SnapDown22]

I don't think that my country has legalized bitcoin so that it legalizes the government of each and I don't know that Southeast Asian countries legalized bitcoin if Southeast Asia is legalized by bitcoin, it will be bad later.

bitcoin is legally dependent on the government, so whatever country is not Southeast Asia can be legalized and if it is legalized in my opinion it is not good because this is a modern era we must develop and awaken it for our future to change the world

[Goodnuel]

Change is a constant thing in life. Just like bitcoin wasn't legal in other countries, not just in South East Asia, but other places... Eventually, depending on the progress of the bitcoin and blockchain, I know they will eventually embrace the bitcoin in South East Asia, and also make it legal in South East Asia.

[Ethan Argu]

I hope bitcoin will legalize and people on the goverment will consider the purpose of crypto in every community asean have a big part of that to gain strong relationship to each country in asia. It will grow the economy at jobless will decrease. Many people will avail a good benifits it they allowed as one of currency.