Bitcoin Seoul 2024 Recap: Bitcoin Ecosystem In South East Asia.

Bitcoin Regulation in Indonesia

- Indonesia plans to regulate Bitcoin and other cryptocurrencies.

- The government aims to monitor the usage of digital assets in the country.

- Adoption of cryptocurrencies is increasing in Asia, driven by alternative investment options and poverty.

Bitcoin and Blockchain Technology

- Bitcoin and blockchain technology are unregulated and global.

- People are interested in using them to make money.

Challenges in Understanding and Implementing Policies

- Complexity and limited knowledge hinder effective policy implementation.

- Misconceptions and difficulties in identifying workable solutions persist.

- Governments face challenges in balancing revenue generation and public welfare.

Payment Methods and Cultural Differences

- People have different ways of saving money.

- Some prefer digital payment methods, while others prefer cash.

- Cultural differences influence spending habits and preferences.

Partnership and Payment

- Partnership with some companies for cash happening soon.

- Regulators and government people can now directly access the same problem.

Financial Planning for Retirement

- People are becoming more aware of the importance of saving for retirement.

- Various financial instruments are available to help individuals plan for their retirement.

- Understanding investments and financial planning is crucial for securing a comfortable retirement.

Regulations and Challenges in Operating a Business

- Regulations and laws governing business operations can be complex and challenging to navigate.

- Some regulations may be relaxed, while others are strictly enforced.

- Taxation and legal aspects also play a significant role in business operations.

Bitcoin as a Payment Method

- Bitcoin is being considered as a payment option in some countries.

Cryptocurrency Regulations in Indonesia

- Several apps in Indonesia are trying to use cryptocurrency, but regulations are still stuck in 2019.

- The Ministry of Trade and Islamic community have concerns about gambling and are cautious about crypto.

- With a new, pro-crypto Vice President, regulations may change in the future.

Discussion on a Scam

- Criminals exploit a scam involving 99% correlation policies.

- The scam allows criminals to avoid detection and maintain control.

- The scam involves politicians pushing for favorable policies.

Discussion on political changes

- Regulations were set due to heavy rains.

Payment license and its challenges

- Getting a payment license is challenging due to strict regulations.

- Banks prioritize currency protection over other concerns.

- The government focuses on maintaining a stable currency rate.

Discussion on technology and its impact on future generations

- Making technology usable for future generations, with reduced power consumption.

- Every country wants to have a kid series focus.

- Need to accept that some countries will use technology regardless of our preferences.

Economic Growth and Technological Advancements

- GDP expansion and technological advancements are expected in the coming years.

- Regulations are being updated to accommodate these changes.

- Technology is rapidly evolving, especially in the Asian region.

Community Outreach and Engagement

- The park project aims to be inclusive and diverse, catering to the community's needs and preferences.

- Efforts are made to engage both the community and the general public in the project's development.

- Challenges in communication and understanding are acknowledged, but the importance of collective action is emphasized.

Technology's Impact on Society

- Technology has brought significant changes to society, making tasks easier and faster.

- Cafes now use technology, which can be both beneficial and detrimental.

- Asian markets offer a variety of products, but some may be useless.

Simplifying Technology Discussions

- Technology discussions should be simplified to make them easily understandable.

- Avoid using complex jargon and focus on the core functionality of the technology.

- Users often just want to perform basic tasks like setting a timer.

Bitcoin and its incentives

- Bitcoin is considered correct, but its incentives are not well-understood.

- People don't care about Bitcoin until it affects their interests, such as music payments.

Bitcoin's Impact in Southeast Asia

- Governments undervalue our privacy.

- Bitcoin has positively impacted people and businesses in Asia.

- Education is crucial to promote Bitcoin's potential in Southeast Asia.

Promoting Financial Literacy Education

- Financial literacy education is crucial, especially in countries with fluctuating currencies like Indonesia.

- Efforts are being made to educate students and the government about its importance.

- Communities focused on animation and financial literacy are rapidly growing.

Challenges in Cryptocurrency Adoption in Indonesia

- Bitcoin operates in Indonesia, but regulations pose challenges.

- Electricity companies are closely monitored by the government.

- The governor of West Java has shown interest in cryptocurrency.

Impact of Bitcoin on Lifestyle

- People are realizing the value of savings and investments.

- The popularity of Bitcoin has changed people's perspectives on life and financial goals.

- People are now more interested in outdoor activities and meetups.

Cryptocurrency Education and Market Trends

- Cryptocurrency education is provided in an entertaining manner to attract people.

- People are using various cryptocurrencies for leverage and financial gain.

- Learning about cryptocurrency requires understanding market trends and potential risks.

Banking Access in Southeast Asia

- Banking access is limited in Southeast Asia, especially for those without credit cards or bank accounts.

- People often rely on cash and informal financial services.

- Efforts are being made to improve financial inclusion in the region.

Using Bitcoin for Various Transactions

- Discussing the use of Bitcoin for various transactions such as purchasing gift cards and Amazon Bluebird.

- Exploring the potential of selling rocks and US progress in Vietnam using Bitcoin.

- Highlighting the advantages of using Bitcoin, including the ability to sell products globally and the potential for higher profits.

Shifting Financial Trends

- People are exploring alternative investment options like NFTs and cryptocurrencies.

- Millennials are moving away from traditional savings methods and embracing digital assets.

- Communication styles have evolved across generations, with each generation adopting different approaches.

People's reaction to financial crisis in Southeast Asia

- People in Southeast Asia are accustomed to using digital payment methods.

- They are likely to switch to cryptocurrencies easily in times of crisis.

- The widespread use of mobile payment systems facilitates this transition.

Discussion on Government Trust and Political Dynamics

- Southeast Asian countries have low trust in the government and prefer self-reliance.

- Trump's advocacy and rhetoric influenced the US presidential election.

- Changes are expected in the political landscape in the coming years.