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Author Topic: why bitcoin illegal in asia?  (Read 12840 times)
dokie987
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January 09, 2018, 02:00:02 PM
 #321

Not all country in asia banned the bitcoin, maybe some countries considered bitcoin as illegal but I am from also and in my country, bitcoin is legal.

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January 09, 2018, 02:29:08 PM
 #322

For my own research i think not all in asia nation banned bitcoin.I didnt read any article or statement about that.
DowBit
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January 09, 2018, 04:34:34 PM
 #323

China just had a huge legal case ruling that Bitcoin trading is legal, clearing up a legal grey area there.


https://dowbit.com/chinese-citizens-trade-bitcoin-own-risk/

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January 09, 2018, 07:01:21 PM
 #324

bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks

I think there has been a concern about currency circulating without the government being able to tax it. A second concern would be the ability to move currency (and therefore wealth) out of the country without the government being able to control or restrict that.

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January 10, 2018, 10:02:15 AM
 #325

Probably because some Asian countries are a developing country so the government is still worried about the bad effects of bitcoin, developed countries like the US do not seem to support bitcoin either, so it's natural that some Asian countries ban bitcoin

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January 10, 2018, 12:35:32 PM
 #326

I think that bitcoin illegal in Asia because government of Asia countries afraid of bitcoin. They think that cryptocurrency could be used as covert economic weapon. Moreover the governments think that cryptocurrencies could corrupt youth and lead to social pathological phenomena.

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January 10, 2018, 02:45:51 PM
 #327

Probably because some Asian countries are a developing country so the government is still worried about the bad effects of bitcoin, developed countries like the US do not seem to support bitcoin either, so it's natural that some Asian countries ban bitcoin
It doesn't mean illegal but the government don't have control on it, if you trade bitcoin is at your own risk. I don't know in some other nation in the middle east if they are prohibiting their citizen to engage with bitcoin trading, only China as I've had strong opposition with the bitcoin but I think that they are warning their citizen not to engage in bitcoin if they will engage in their own risk but doesn't mean they would be penalized in using Bitcoin.

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January 10, 2018, 02:53:13 PM
 #328

bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks

In Asia, I think the government is afraid that bitcoin will lose its rights to monetary regulation, triggering social turmoil.

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January 11, 2018, 10:54:32 AM
 #329

Is bitcoin really illegal in Asia? I mean I know that south Korea has coins

Crypto currencies are illegal only in some countries not in all Asia.

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January 12, 2018, 04:23:39 AM
 #330

Crypto currencies are illegal only in some countries not in all Asia.
Most of the countries in Asia are supporting cryptocurrency and they aren't banning in only few starts to give barrier to their citizen for banning bitcoin.

I don't know if it's just a rumor or a reality that in Bangladesh bitcoin is totally banned. I have read someone here posted it that it's a crime when they are trading bitcoin.

Let's just hope that time won't come that every country will not ban bitcoin whether it's on Asia, Europe or with any continent.

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captin crunch
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January 12, 2018, 07:34:54 AM
 #331

Crypto currencies are illegal only in some countries not in all Asia.
Most of the countries in Asia are supporting cryptocurrency and they aren't banning in only few starts to give barrier to their citizen for banning bitcoin.

I don't know if it's just a rumor or a reality that in Bangladesh bitcoin is totally banned. I have read someone here posted it that it's a crime when they are trading bitcoin.

Let's just hope that time won't come that every country will not ban bitcoin whether it's on Asia, Europe or with any continent.

That's a pity but bitcoin is banned not only in Bangladesh but also in Nepal, Bolivia, Kyrgyzstan, Morocco and Ecuador. I hope it is the full list, and this countries will stay in minority.

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January 12, 2018, 01:48:06 PM
 #332

why this stufs from asia Huh
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January 13, 2018, 06:49:24 AM
 #333

because bit coin is not recognize in asia and not well known to the people that is why the government cannot issue their payable taxes.

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January 13, 2018, 05:52:26 PM
 #334

Most countries in Asia doesn't recognize Bitcoin as legal but through the trend majority of the people that is using Bitcoin. Government tends to support the exchanges only and not the Bitcoin itself because some of the news they have read are making a FUD stories which brings a negative effect to the country. And also other people that is going with the flow of the trend is using Bitcoin for their selfish acts by scamming people using the pyramid system and ponzi scheme.


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January 15, 2018, 07:40:59 AM
 #335

Who say so that bitcoin illegal here in whole Asia. For your information the bitcoin is created in Japan which is part of Asia. 
To be honest all of the countries here are supporting the bitcoins and continuously increasing the bitcoin community. 
All fake news, and  articles about this issue is just a allegations and rumours only: these such thing has no basis at all and should not need to entertain and waste for it.

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January 15, 2018, 03:14:49 PM
 #336

China may ban Bitcoin trading, but the market doesn't seem to care

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January 17, 2018, 12:29:44 PM
 #337

Who say so that bitcoin illegal here in whole Asia. For your information the bitcoin is created in Japan which is part of Asia. 
To be honest all of the countries here are supporting the bitcoins and continuously increasing the bitcoin community. 
All fake news, and  articles about this issue is just a allegations and rumours only: these such thing has no basis at all and should not need to entertain and waste for it.

bitcoin is created in Japan? is this true? any links/news/anythig to support this?
as far as i know, bitcoin is created by nakamoto, but where he created it is not known yet. isn' it?



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Sithara007
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January 17, 2018, 04:13:49 PM
 #338

I think that bitcoin illegal in Asia because government of Asia countries afraid of bitcoin. They think that cryptocurrency could be used as covert economic weapon. Moreover the governments think that cryptocurrencies could corrupt youth and lead to social pathological phenomena.

Not all the governments in Asia are opposed to Bitcoin. Take the case of Japan for example. They are one of the most Bitcoin-friendly nations in the world. The difference between Japan and nations such as China and South Korea is that the former is run by educated and intelligent people, while the latter is run by a bunch of illiterate clowns.

Paditani
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January 18, 2018, 01:41:42 AM
 #339

In bitcoin asia is still illegal because one of the largest banks in Asia, DBS, considers that the currency of cryptocurrency bitcoin is a scheme of financial fraud. but in fact Japan became the largest bitcoin market and China will consider the legality in the pass but not in a short time.
james1009
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January 18, 2018, 04:19:30 AM
 #340

In Vietnam, the legal framework is not complete, the exchange activities, payment by Bitcoin is not considered legal. If any dispute arises, it may not be accepted as a means of payment. Therefore, when dealing with issues that are not legally guaranteed in Vietnam, individuals and organizations should also be cautious in order to avoid unnecessary risks for themselves
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