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Author Topic: ASIAN CRYPTO FRIENDLY COUNTRIES  (Read 522 times)
JeramiParan
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June 19, 2019, 02:46:03 PM
Merited by costanos02 (1)
 #1

Most Asian countries engaged bitcoin, and above all countries this 3 countries already made to the top, this countries are:
JAPAN
SINGAPORE
HONG KONG
As of the present this countries served as the heart cryptocurrency in Asia.

Source:
https://medium.com/@manager_77257/top-crypto-and-blockchain-friendly-asian-countries-part-2-70d684b95393
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June 19, 2019, 03:51:28 PM
 #2

Asian is most country have friendly for cryptocurrency, for the first country support bitcoin is China and after banned by China Japan become more friendly country always support how bitcoin become legal transaction payment.

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June 19, 2019, 04:32:57 PM
 #3

Most Asian countries engaged bitcoin, and above all countries this 3 countries already made to the top, this countries are:
JAPAN
SINGAPORE
HONG KONG
As of the present this countries served as the heart cryptocurrency in Asia.

Source:
https://medium.com/@manager_77257/top-crypto-and-blockchain-friendly-asian-countries-part-2-70d684b95393


I think that South Korea should be on the list as well.
They have a lot of blockchain hubs created all around the country. The most important country of all is Japan where they clearly have adopted the blockchain technology by placing crypto ATMs in a lot of spots.

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June 19, 2019, 04:51:08 PM
 #4

There is a country that should be considered as one of the most friendly country to cryptocurrency, that is Iran. That country has been used crypto very well and perhaps on that time had saved them when usd rate was very high against their currency.

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June 19, 2019, 06:19:43 PM
 #5

You should add up Philippines on the list.

They might not fully adopted it yet but there are 3 current local exchange in the place where you can make crypto transactions and
whats even good that you would able to buy-pay up things upfront on using up your coins.

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June 19, 2019, 06:24:47 PM
 #6

You should add up Philippines on the list.

They might not fully adopted it yet but there are 3 current local exchange in the place where you can make crypto transactions and
whats even good that you would able to buy-pay up things upfront on using up your coins.

Not really, yeah sure they have this exchanges available to Philippines but is the cryptocurrencies main role on to be traded? Cryptocurrencies are still money and in order for it to be money people needs to use it in transactions outside from being just traded in the exchange. And right now Philippines barely have any establishments that accepts them to be paid, they are only a handful of them. People in the Philippines still needs to convert it to Fiat so that they can use their profits from crypto to spend it there.

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June 19, 2019, 07:12:05 PM
 #7

You should add up Philippines on the list.

They might not fully adopted it yet but there are 3 current local exchange in the place where you can make crypto transactions and
whats even good that you would able to buy-pay up things upfront on using up your coins.
Yes, Philippines is one of the Asian countries that have got increased usage. There weren't much development in business level adoption relative to bitcoin, but it has large number of stores and common people who use bitcoin similar to that they use the traditional fiat.

In Philippines same as the acceptance there is increased number of scams that made some hard days for the cryptocurrency users as some regulations were put forth by the government. Other than the stated country, there are many Asian countries that have a good number of users.




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June 20, 2019, 02:43:33 PM
 #8

Asian countries are the most crypto friendly countries on the surface of the earth because they love the technology and strongly believe in it. Countries like Japan, singapore, and Vietnam are truly lovers of cryptocurrency and they work walk towards it development everyday.

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June 20, 2019, 03:27:47 PM
 #9

Japan and Singapore in my opinion are the most prominent in the development of blockchain and cryptocurrency in Asia. why do I say that, because Japan and Singapore are the most capable of supporting the blockchain technology infrastructure and cryptocurrency, plus both governments of the two countries that do not limit broad development in general use in the community make them very capable compare other country in asia.
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June 20, 2019, 03:55:19 PM
 #10

You should add up Philippines on the list.

They might not fully adopted it yet but there are 3 current local exchange in the place where you can make crypto transactions and
whats even good that you would able to buy-pay up things upfront on using up your coins.

Not really, yeah sure they have this exchanges available to Philippines but is the cryptocurrencies main role on to be traded? Cryptocurrencies are still money and in order for it to be money people needs to use it in transactions outside from being just traded in the exchange. And right now Philippines barely have any establishments that accepts them to be paid, they are only a handful of them. People in the Philippines still needs to convert it to Fiat so that they can use their profits from crypto to spend it there.

But still, Filipinos can used their platform coins.ph to pay for their electricity, water, internet and even their credit cards. That alone makes Philippines one of the friendliest in Asia. We even have two ATM's, if I'm not mistaken, a bank (UnionBank) that supports crypto, (https://bitpinas.com/news/philippines-unionbank-launches-crypto-atm/). So there's a lot of things going on the background that will make Philippines one crypto hub in Asia.

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June 20, 2019, 04:37:09 PM
 #11

Asian is most country have friendly for cryptocurrency, for the first country support bitcoin is China and after banned by China Japan become more friendly country always support how bitcoin become legal transaction payment.
yes japan are the most welcome country in asia, i do also think thailand is very welcome with cryptocurrency, they make some crypto legal to be traded and to be use for transactions.

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June 20, 2019, 07:54:08 PM
 #12

Yes, Asia is a country that is friendly to cryptocurrency in several Asian countries that have legally accepted cryptocurrency, Vietnam and the Philippines also need to be considered I think these two countries are also friendly to support cryptocurrency and hopefully it will have a positive impact on other Asian countries.

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June 20, 2019, 08:36:29 PM
 #13

How does China rank? Aren't most Bitcoins mined in China? I know the government over there is a little strict, but it doesn't seem to affect Bitcoin as much.
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June 20, 2019, 10:37:52 PM
 #14

It is true about Japan. They are ahead of its counterparts in Southeast Asia when it comes to developing the cryptocurrency business. A number of Japanese companies have taken the advantage of the technology to raise funds. Although, the government is considering tightening regulation of the industry.

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June 20, 2019, 10:58:30 PM
 #15

But still, Filipinos can used their platform coins.ph to pay for their electricity, water, internet and even their credit cards. That alone makes Philippines one of the friendliest in Asia. We even have two ATM's, if I'm not mistaken, a bank (UnionBank) that supports crypto, (https://bitpinas.com/news/philippines-unionbank-launches-crypto-atm/). So there's a lot of things going on the background that will make Philippines one crypto hub in Asia.

Honestly, that feature of the said company really contributed to the awareness of Filipinos about cryptocurrency.

I'm 100% sure only a few will use it if the service is only limited in the crypto world. Good thing the company associated it to the usual nature of why PH people used digital payments. Coins.ph is now way better now compare to GCASH and Paymaya as far as my own observation is concern.

Yes, PH is a crypto friendly country to the point that lots of scammers here taking advantage. The awareness and service are not that much compared to the listed countries above but development is continuous and more companies want to associate in crypto.

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June 21, 2019, 05:58:19 AM
 #16

There's more to add, someone already mentioned about Thailand and it's one considerable crypto friendly country. This was the most recent news that I've known about them: Thailand Is Opening Up to Crypto, One Step Closer to ICO and STO

There is also Malaysia: 3 Crypto Exchanges Granted Conditional Approval from Securities Commission Malaysia

And Indonesia: Indonesia: New Legislation Recognizes Crypto as Trading Commodity

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June 21, 2019, 06:42:23 AM
 #17



There are a lot of crypto-related developments in Asia and even in China where the government banned bitcoin but we know that there is a strong underground movement supporting cryptocurrency. Japan is the leader and we also have Hong Kong, South Korea, Singapore. We should also not forget to mention countries like Thailand, Vietnam, the Philippines and even Malaysia. I am sure that there is a bright future awaiting for the cryptocurrency industry in the whole of Asia and soon we can see that many governments will have no choice but to allow a regulated environment where everybody should  be allowed to play fairly and squarely.

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June 21, 2019, 10:17:34 AM
 #18

How does China rank? Aren't most Bitcoins mined in China? I know the government over there is a little strict, but it doesn't seem to affect Bitcoin as much.

Indeed they mined the most but they aren't crypto friendly place, just remember how they banned icos.

While the source OP cited was posted last November 2018 and obviously not the updated one and many surely happened in crypto space hence progress and perspective in every country towards crypto.
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June 21, 2019, 12:54:46 PM
 #19

As an Asian I am proud the many countries that support the use of Bitcoin. Unfortunately I didn't see India there, they could be considered friendly. Maybe it's because the government doesn't support them. Although it is still a rumor but people fear against the law for using Bitcoin.

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iePlay Nowei
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June 21, 2019, 01:08:03 PM
 #20

Quote
HONG KONG

HK is sort of operating as an alternative for mainland crypto companies to relocate at the moment, and obviously the government there recognizes that there is a huge opportunity for them to really try set the tone and regulate the market in order to gain more revenue.

However, with the political instability in recent months, there could be pressure from the PRC for Hong Kong to further tighten regulation to the point that they become restrictive.

This is all speculative at this stage, and obviously nothing is confirmed - I'm just saying that I would not be surprised if Hong Kong in the future turns its back on crypto somehow due to political pressure to prevent capital flight.

Also, I echo the sentiment of those who mentioned Philippines - I think that they have one of the most robust crypto payment networks in coin.ph and others, and from my experience, crypto adoption is certainly huge there.

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