Asia can be the biggest crypto market

[topbitcoin]

True, in Indonesia there is no prohibition on cryptocurrency even now many products adopt blockchain, the government does not give any rules so I think this is very friendly in Indonesia. Singapore, South Korea and Japan are developed countries so it can be called friendly.

You did not get the point I was talking about, what I mean is in Indonesia you can freely trade it and owning cryptocurrency. But there is a law prohibiting people to use it as a form of payment because it has not been regulated yet by the local government. Unlike Australia and Japan, you can trade it freely there and treat it as a form of currency.
adopting cryptocurrency as a form of currency in those 2 countries is possible but in Indonesia you will not be able to.

Right, in Japan it is fully legal about crypto. And in Indonesia, you only can use it as commodities or maybe investment. By the way rules sometime have bad effect too because people in Indonesia will take the risk by themself and no regulation means they're not protected (IMO).

[arifteguhr]

As an Indonesian citizen, I can already see that currently the development specifically in my country is quite strategic because many people have started to know about cryptocurrency investments. plus the State has given a stance regarding cryptocurrency that is not prohibited in my country. but as an investment it is not a tool for payment

[NathanJB]

As an Indonesian citizen, I can already see that currently the development specifically in my country is quite strategic because many people have started to know about cryptocurrency investments. plus the State has given a stance regarding cryptocurrency that is not prohibited in my country. but as an investment it is not a tool for payment

Just like a lot of countries in Asia, cryptocurrencies are not accepted as a legal tender because they are not under monetary laws as currencies. Well, how could they create a law on cryptocurrencies as a currency with all the confusions about regulation regarding circulation, volatility, blockchain, and other technicalities of it? Countries are still getting the hang of cryptocurrency as a currency and not just as an investment, asset, or security. 

[batang_bitcoin]

Asia isn't that strict when it comes to regulations unlike in the US, as you can see there's an ongoing hearing for the Libra project. That's why we can say that it's one of the biggest market ever. But once all the other continents started to tune in to this market, they will dominate it. So far, what we can see right now are those countries that are open to crypto and the other nearby continents are still in the phase of learning the pros and cons of it if ever they will regulate it.

[yulionoo]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

yes you are right Asia can be a big market for cryptocurrency because its population reaches 4.6 billion. and in my opinion cryptocurrency only takes time to get to mass adoption. I see the development of crypto in Asia is very positive. in my country Indonesia cryptocurrency has been established as a commodity subject that can be traded on the futures exchange. and in other countries such as Singapore, the Philippines, Japan and Korea crypto have also begun to be accepted as digital assets and in some of these countries there are legalizing bitcoin as a means of payment.

[Genemind]

I certainly agree with you. With Asia's huge population, it could really be the biggest crypto market. Honestly, most investors are from Asia. Countries like the Philippines, Indonesia and Japan are open for crypto adoption and acceptance. Most merchants from these countries are also starting to accept crypto. In our country, lots of us are into crypto adoption not just for investment but also as a mode of payment and a second currency.

[o48o]

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

Of course the regulations are the main reason preventing adoption, what else could it be? How is a possibility of changing regulations somehow raising adoption when they can't have them or use them
in the mean time? Or did i misunderstood something. They have most potential markets for sure, because of the population, but the local governance is pretty harsh with it penalties.

In India it was planned that even promotion of cryptos was going to be illegal, not sure if that did pass yet, but i think that you have to be pretty optimistic to come back to full adoption from that.

[quierx16]

at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

No real use? are you blind there are lots of ways now to use crypto people are just saving their cryptos because they believe that it will increase the price when the huge adoption comes.

[trauchot]

It’s quite true, for how many years I have been studying Asian cryptocurrency markets and I understand that it is in Asia that the largest number of investors who invest in cryptocurrency and most importantly that a lot of Asian countries want to work and cooperate with cryptocurrencies and cryptocurrency technologies, so I often invest in cryptocurrency companies located in Asia and where the team itself is also mainly from Asia.

[Fappanu]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

China is the only one that are friendly to crypto on your list, india and indonesia are not so friendly, you should include malta, korea and singapore, for me i will go with china and korea they have the best interest on the tech so far, hopefully in the future the whole of asia continent will be using crypto which will drive the market up big time

The Philippines is also crypto friendly as you can see from the many new exchanges here based in the Philippines and all of these are approved by BSP (Central Bank of the Philippines). Bitcoin is also legal in this country and is also applicable to other transactions such as online store purchases and so on. So it is not surprising that the number of people discovering bitcoin has increased and it is increasing day by day!

[Perfect35]

Reputation is still one of the problems that cryptocurrency is facing, because there have been quite a good number if projects with good products amidst the scam projects, yet there are still some setbacks.
Let crypto be accepted worldwide and let regulation that favour s it come it, you will see the great change. Although, many of these good projects these days, want to have presence in Asia.

[jootn2kx]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

True, the regulation can be changed, but if there was at least something, businesses and institutions would know that the government is serious about regulating crypto. As it is right now, there is no certainty, and they won't invest in something that can be banned 2 days later. Regulatory uncertainty is not the only reason, but it is one of the bigger ones, no doubt about it.

[zeze18]

It’s quite true, for how many years I have been studying Asian cryptocurrency markets and I understand that it is in Asia that the largest number of investors who invest in cryptocurrency and most importantly that a lot of Asian countries want to work and cooperate with cryptocurrencies and cryptocurrency technologies, so I often invest in cryptocurrency companies located in Asia and where the team itself is also mainly from Asia.

Asian cryptocurrency or even the worldeide cryptocurrency market in dominated by china.
Many rich people in china invested their assets into crypto currency and their country is very populated, and as we know chinese people are really close with each other. I think markets price will have a movement when they are doing mass sell or mass buy to crypto currency

[alexsandria]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

Asia is where the most of the under developed countries came from. Usually Western Countries are fully developed and independent they can stand alone. That is why they usually or rather don't accept bitcoins 'cause those countries don't want other factors affect their economic situation. On the other hand, Asians although there are some who banned crypto usually those are in the progress and fully developed countries, but most of them are on the state of regulation itself specially those who are under developed that is why the crypto market are big around Asia.

[Dart18]

True. I do agree with you.

Mostly populated by now and merchants could make a lot of money if given a chance to give consumers an option to use bitcoin instead as means of payment.
India, Indonesia, Philippines and other countries there specially Japan which already made a big leap into making bitcoin as a legal means of payment.
If only the government will support it then it will not be a problem. Merchants will have an easy way of making fast transactions.

[upyem2k]

You said most of it all. Asia is the most populous world continent and the level of illiteracy is a bit low. This is where the easy access to the internet makes them easily get knowledge of blockchain technology and what it represents.

[Landak]

The reality now is true that Asia is the biggest crypto market, anything related to technology is definitely more easily accepted in every country in Asia,  it's just that bitcoin regulation as a means of payment is indeed more difficult to be accepted by the government (except Japan which is already legal). and if i am not wrong, several countries in Europe are also already partly legal for the use of crypto currencies.

[masterrex]

maybe more crypto investors from continental Europe and America. but actually Asia is the biggest market for crypto because it has the most populous countries like China, India and Indonesia. and more importantly, Asia also has fairly stable internet access at the moment, unlike Africa which is still having trouble getting to the internet. many business models that can be applied there, especially in the financial sector such as payment instruments. but why the reality isn't what I imagined. at present crypto is only a notion and there is no real use that can really be applied to crypto except investment.

many think it's all because of the Regulation, but I don't think so. Regulations can be changed and there are currently no regulations that actually prohibit crypto. so this is not the main reason.

then what do you think?

I think thats wrong notion, I still believe that the regulatory issues was the biggest challenges of the cryptocurrency industry elsewhere, Because you cant apply decentralized finance on the centralized government finance and Banking system thats contradicting and opposite in direction thats why it needs to be balance first, But some countries are already created a unique regulatory guidance that allowed cryptocurrency to thrive for example the Philippines the government has not forbid its citizen to invest in crypto trading even some centralized banking system has own already a cryptocurrency ATM's, including a cryptocurrency stablecoin back with local currency. I think majority in Asian countries is now open to accept cryptocurrency except both china, India and some middle eastern countries, that always changing there minds.

[toast]

It’s quite true, for how many years I have been studying Asian cryptocurrency markets and I understand that it is in Asia that the largest number of investors who invest in cryptocurrency and most importantly that a lot of Asian countries want to work and cooperate with cryptocurrencies and cryptocurrency technologies, so I often invest in cryptocurrency companies located in Asia and where the team itself is also mainly from Asia.

Asia has always been a place of investment for economic progress and many investors have succeeded in investing in Asian countries, as well as investing in crypto and altcoin will develop in Asia, but in my country the development of cryptocurrency is slowing down a bit and late and the government in my country is still has not fully recognized crypto as a valid currency

[cudora]

India and Japan are very active on blockchain market. Japan banks made an agreement with Ripple and I do not know when they will start operating with crypto, but this will give a huge boost to the whole industry.