Asia driving crypto adoption. What do you think?.

[libert19]

I am from India, not sure about adoption, but in younger generation pretty much everyone I have met have heard about crypto.

Also, here government has put 30% tax on crypto earnings, so it discourages people to partake in crypto. Before this new tax regime, there was astonishing amount of volume on Indian exchanges, now it has plummeted.

Government should make healthier regulations if they want their citizens to adopt crypto.

this will probably make people hide their crypto assets and not trade on warizx instead. there are several exchanges where Indians can get away trading in crypto especially the dexes. they certainly are not going to make good amount of tax collection from crypto if they are to implement this tax law.

Dexes not really, more like p2p. I don't know any dexes where you can trade crypto to fiat.

i think our country banned binance also but we found ways to install the binance app since its still accessible through the binance app. and t hen we just use the p2p to trade our coins to fiat.

Same happened here a while back, binance website was inaccessible but app was working, so people would install an app and use it.

[ZAINmalik75]

Yes, at least there is development in its adoption, rather than being stuck and facing many restrictions everywhere. Well, at least this is pretty good news and it would be much better if many countries in the areas are aware of the success of crypto so far, and their excessive anxiety can really be suppressed. Indeed, there needs to be education and continuity. So at least it will be much better for the future, for the readiness of a much more existential crypto space with high awareness.

You make a good point as with this development not only the erros will be solved with time thus adoption will be more but the neighbors will also get the idea to do something in this field. Where there is no knowledge or a single word about crypto those countries will also come to know when they will know their neighbor country is making progress in crypto.

With time, Asian crypto adoption will be the real thing, and with more use cases comes more problems and more solutions and more platforms as in the shape of solutions, we need this.

[ZAINmalik75]

Always have problem when adopting cryptocurrency as payment for transaction and looks why any government still not adopted bitcoin as legal currency transaction, but have many advantage when adopting bitcoin as payment way such as how decreasing criminal cases at El Savador since bitcoin adopting as payment way and all transaction transparent if adopting for government transaction.
But if bitcoin can't adopt as legal currency transaction not wrong way any government make bitcoin as their investment assets for the future regarding bitcoin significant increasing price.

Are you saying criminal cases are lesser in El Salvador because they have adopted BTC, how is that? your explanation does not make sense because if criminals their started to use BTC did they stoped doing crimes. You also meant to say transactions in BTC are transparent therefore they are not doing these crimes because their transactions can be tracked.

This is not the right explanation, you should find out what is the real reason of why there is a decrease in the crime rate there, as I did not know if there was. Anyway your point is not making sense here.

[erus]

~snip~
India, the Philippines, Vietnam, Indonesia, and Singapore are among the top countries. So, what factors play a role in this? Innovation, access to information, the will to get out of the rat race, or the focus of top exchanges in the region? What do you think?

When I first read this topic, I immediately guessed that China, Korea and Japan would dominate crypto but in fact it is not. In fact, countries that are not well-known to many people around the world dominate crypto, namely: India, the Philippines, Vietnam, Indonesia, and Singapore.
This is also something very good for countries in Asia and the world because they are able to compete with developed countries for this cryptocurrency such as America and European countries.

I think India and Indonesia like crypto because these countries are in the top 10 most populous countries in the world, so they also have a very large opportunity to learn crypto because their population is also large.

[taufik123]

-snip-
I think India and Indonesia like crypto because these countries are in the top 10 most populous countries in the world, so they also have a very large opportunity to learn crypto because their population is also large.

I live in Indonesia and indeed the Indonesian population is quite large and now in modern times crypto is becoming more known and many young people are starting to know crypto and invest in it.

But this is also related to the regulations set in Indonesia because it is only used as a commodity tool, it should not be more than that.
But even so, crypto still gets a lot of attention from new investors who are starting to enter slowly.

Looking at the current development of crypto in Indonesia compared to previous years, this year crypto has experienced a significant increase with increasing transactions.

[erus]

-snip-
I think India and Indonesia like crypto because these countries are in the top 10 most populous countries in the world, so they also have a very large opportunity to learn crypto because their population is also large.

I live in Indonesia and indeed the Indonesian population is quite large and now in modern times crypto is becoming more known and many young people are starting to know crypto and invest in it.

Salam hangat dari saya yang berada diluar benua yang kamu tinggal,

by : Google translate

But this is also related to the regulations set in Indonesia because it is only used as a commodity tool, it should not be more than that.
But even so, crypto still gets a lot of attention from new investors who are starting to enter slowly.

Looking at the current development of crypto in Indonesia compared to previous years, this year crypto has experienced a significant increase with increasing transactions.

I think it's good because for the security of crypto assets too, the tighter the regulation, the safer it is for people who own the assets, especially if they are stored in CEX.
As far as I know, your country also has a local market. Cmiiw
Btw, does Indonesia also have special mining for more Bitcoin adoptions?

[PX-Z]

India, the Philippines, Vietnam, Indonesia, and Singapore are among the top countries. So, what factors play a role in this? Innovation, access to information, the will to get out of the rat race, or the focus of top exchanges in the region? What do you think?

I can only think of the technology behind it and its most benefits for countries in Asia which is remittance where India is top of it in Asia, then Philippines, Indonesia and other countries too. Then of course, the regulation which is needed, so are in the government who think that these benefits will do to its people then it will be implemented. Those who think that crypto is only for criminals, launderers, usually those are corrupt countries where they choose to restrict the use of crypto instead of regulating it.