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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.

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