ASIAN CRYPTO FRIENDLY COUNTRIES

[samputin]

I'm pleased to see that Philippines is so frequently mentioned that should be on the list. Reasons are laid as to why it should be included. And with those, we can really say that Philippines is a crypto-friendly country. Just a few clicks and the internet will give ample reasons why it should be considered.

But to my fellow countrymen from the Philippines, our country may not make it to the top 3 yet but soon  enough, it'll be a part of that list. I know it can. And it will.

[1714903882]

1714903882

[1714903882]

1714903882

[1714903882]

1714903882

[1714903882]

1714903882

[Lawrenzoo]

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 do hope that one day. we will be able to have a section like this for Africa

[dothebeats]

The Philippines is also a country in ASIA that is friendly to Bitcoin, this country is very accepting of the presence of Bitcoin.  The community there also used to use Bitcoin as a transaction tool every day.

I won't go so far as calling it friendly, but there certainly is a lot of developments happening on crypto lately on the community side of things. As for the government though, there hasn't been any strict rules and regulations apart from the constant warnings the Central Bank has been issuing since 2017. With the rise of fake MLMs and HYIPs in the said country, I'm pretty sure they would be issuing yet another memo regarding cryptocurrencies anytime soon.

[Nellayar]

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

Include also Philippines, the South East Asian country that is friendly also in cryptocurrency. We, Filipinos are gladly saying that we are part of the growing industry of crypto. In fact, many Filipinos are working in customer services and administration in every ICOs. The president of the Philippines also is not discouraging the citizens to stay away from crypto. In short, soon we will adapt also cryptocurrency as means of payment.

[yusupjatigumilar]

The country is a fairly advanced country in terms of technology so that the country's government can provide clear regulations regarding the development of blockchain technology and the use of crypto currencies. So I think if there is a country that prohibits the use of crypto currency it does not mean that the country cannot adapt to technology but that the country has not been able to make clear regulations regarding the use of crypto currencies.

[guoyu78]

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

Wherein these countries are more than enough to get cryptocurrency to spread across to other Asian countries, at least we have very great countries with solid economy that are crypto friendly there, unlike china that is just proving unnecessarily stubborn and doing everything possible to make sure crypto does not see the light of the day in their country, but with VPN, I am sure that some Chinese citizens will still be able to use cryptocurrency, although the ban is mainly on miners and not yet on the use of crypto, but the move is still to frustrate the existence of crypto when they know that 70% if miners are from china.

[Kimonoe]

The country is a fairly advanced country in terms of technology so that the country's government can provide clear regulations regarding the development of blockchain technology and the use of crypto currencies. So I think if there is a country that prohibits the use of crypto currency it does not mean that the country cannot adapt to technology but that the country has not been able to make clear regulations regarding the use of crypto currencies.

I agree, as in my country where cryptocurrency is prohibited from transacting. but we are not forbidden to have it as an asset. but the latest news, the government plans to include it on the stock market

[sana54210]

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.

India can never be added to the list when there government has openly declare war for cryptocurrency by trying to pass law that will put to jail any of their citizens that uses crypto, which will make some of their citizens to withdraw for the fear of being jailed as no one wants to get jail over what crypto or payment system.

I really see this as an unfair move by their government because of their selfishness and the wrong perception that they have about cryptocurrency and it’s function, I do hope they will eventually learn from these other Asian countries after seeing the benefit it will give to them.

[congresowoman]

I wonder,  these are progressive countries, not afraid to venture in something new. very open to changes  especially if this will benefit their people. how come our country, they don't want to be open on this. It is taking a long haul and still cryptocurrency remains illegal. Why not become like them. Crypto is the future.

[davinchi]

I think the only country who's not crypto friendly in Asia is China since cryptocurrency us banned over there. Even though most does not fully support crypto, we should be thankful it still legal to use it on other country. Maybe the government still doesnt recognize it as a helpful tool but still analyzing it till now.

Most government are quite still skeptical about cryptocurrency operation, a part of them believes that the solution of cryptocurrency is the one that will bring about full blown economy boost to the country, but are scared of its part of not being able to control it because it operates a decentralized system, so they would rather just continue to look as things unfold.

Those who are too quick to ban like china or trying to ban it like India are not just playing their game well, with or without them, these citizens will still use cryptocurrency to make money, and where the issue will be is them not bringing the money to the country out of fear, but they will take it to another country which will boost their own economy.

[bitgolden]

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 do hope that one day. we will be able to have a section like this for Africa

Of course you will have, I think we have more African countries that are even supporting and friendly with cryptocurrency, I could remember a project I was following then, AFCASH, I think AFCASH even went to visit one of the governors in Nigeria about their cryptocurrency and they welcomed the idea with their whole heart.

I have also learnt of people in GHANA, SOUTH AFRICA and some other great African countries being friendly with cryptocurrency, just that their own government have not openly come out to declare their support for it yet, so relax mate, I am sure a time will come that AFRICA and CRYPTOUCRRENCY will be like twins.

[marcbitcoins]

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.

I think Bitcoin was never been ban in China before in fact Bitcoin was legal in their market but unfortunately EOS was their top coins and Bitcoin was ranked only 12th among the crypto currencies which is i don't know why. Crypto currencies were never ban either but only the foreign ICOs as they believe that ICOs have many scam projects in which they don't want their people to become victim.

[trimulia]

yes singapore and japan is success cryptocurrency country in asia, unfortunately for my country (indonesia) still not good enough in cryptocurrency project company

[fullhdpixel]

The country is a fairly advanced country in terms of technology so that the country's government can provide clear regulations regarding the development of blockchain technology and the use of crypto currencies. So I think if there is a country that prohibits the use of crypto currency it does not mean that the country cannot adapt to technology but that the country has not been able to make clear regulations regarding the use of crypto currencies.

I agree, as in my country where cryptocurrency is prohibited from transacting. but we are not forbidden to have it as an asset. but the latest news, the government plans to include it on the stock market

I don’t even see that as prohibition, because what you have access to old as an asset, you can as well use it too for transactions, because the system does not run both separately, it is still through the same open platform, and cryptocurrency has been developed for any transaction through it not to be disclosed.

Except maybe you mean they prohibited it from being used openly, as in merchants cannot use it as payment means, but if the prohibition extends to its use over internet, I really see that as an empty word that has been shredded, because there is no way it can stand for a system they cannot monitor not control.

[raidarksword]

There are some Asian countries that are crypto-friendly in fact they are proud of it and they are all open-minded on the future of payment system. You might include South Korea and in my country Philippines, though we are far from other countries adoption of cryptocurriencies but we are gaining slow momentum and we are taking it seriously on spreading awareness to other fellow citizens.

[realBitcoiner]

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

The support Japan had for cryptocurrency increased around 2016/2017 when China decided to ban cryptocurrency, and that was even when the cryptocurrency market started gaining much support from Japan, lots of experts then claimed that much support came from Japan and that helped the price increase then. So Japan has been one of the major countries that are backing cryptocurrency right from time. I didn't know About the Hong Kong, but I do know that Singapore is another country that supports cryptocurrency as well. These three are not the only ones, there are others as well.

[Dontme]

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 Japan, Singapore, and Hong Kong will always be the top on number of crypto users because they belong to the rich countries in Asia, unlike some other countries. The country`s economy will always be the reason.

[Rooster101]

The rest of Asia might takes time to catch up with Japan, Sinapore and Hongkong because of some restrictions that they imposed on bitcoin and crypto exchanges. But there are also asian countries that may follow the examples of Japan, Singapore and Hongkong although the users are still small compared to the three. Philippines has already 37 crypto exchange operator s licensed by its economic zones aside from the 11 operators approved by the the central bank. The Philippines need to increase its crypto users and speed up the adoption of bitcoins in many busnisses like retails and remittance to become one of the crypto friendly countries.

[Noilee]

Its really good to see that those Asian countries is belong on the top most friendly Crypto especially Japan. But there are some Asian countries are not yet on the list. But the important they continue recognized. Maybe the reason why they on the top most friendly because almost investors came from this country.

[HatakeKakashi]

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 Japan, Singapore, and Hong Kong will always be the top on number of crypto users because they belong to the rich countries in Asia, unlike some other countries. The country`s economy will always be the reason.

Maybe the economy will help them why they are in the top list and all the country has been listed who asian crypto friendly country is have a good economy compared to the other country. Philippines the economy is I don't think if growing or not but my country is crypto friendly too because we use crypto freely because we supported by our government.