Bitcoin Forum
November 19, 2018, 02:58:32 PM *
News: Latest Bitcoin Core release: 0.17.0 [Torrent].
 
   Home   Help Search Login Register More  
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 »
  Print  
Author Topic: why bitcoin illegal in asia?  (Read 13074 times)
phamvy8682
Newbie
*
Offline Offline

Activity: 2
Merit: 0


View Profile
April 30, 2018, 08:54:30 AM
 #501

https://t.me/tradecoinvipvip
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction. Advertise here.
pareshnakar
Newbie
*
Offline Offline

Activity: 210
Merit: 0


View Profile
May 03, 2018, 08:07:17 AM
 #502

Its not true some country are illegal not in whole asia i am from india here is allow to purchase.
ariaalex
Newbie
*
Offline Offline

Activity: 196
Merit: 0


View Profile
May 04, 2018, 10:13:23 PM
 #503

Not for all countries in asia..its depend which county you live.only kyrgyzstan, saudi Arabia and bangladesh has expressly forbid/prohibited btc/cryptocurrencies.
ecnesa101
Newbie
*
Offline Offline

Activity: 84
Merit: 0


View Profile
May 06, 2018, 01:23:48 AM
 #504

Yes because some people who had knowledge in bitcoin people attract some offer who can double thier money using bitcoin people in asia and perhaps bitcoin is illegal cause the government can't control bitcoin transaction, it's really hard to know exactly who made transaction. Because of this case,  a lot of people have take advantages of it to do some bad things such as money laundering or tax evasion
Pattart
Hero Member
*****
Offline Offline

Activity: 1008
Merit: 500


View Profile
May 06, 2018, 02:07:45 AM
 #505

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

Yes. Currently, there are only 5 countries where the usage of Bitcoin is illegal. These countries are; Bangladesh, Nepal, Cambodia, Vietnam, and Indonesia. The common reason is strict anti-money laundering laws. It becomes illegal in Vietnam and Indonesia once it is used as a payment tool but it is legal to trade and hold. Source: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory



Those are small under-developed countries. Most crypto-friendly countries are those that have progressive economy like Singapore and South Korea. It's not really a huge deal because poor countries can't really keep up with the latest tech.
I think so, some developed countries may already be welcome with new technologies and innovations. only some developing countries in asia that don't like bitcoin so give bad rule about bitcoin. so does my country that pose a threat to bitcoin. my finance minister advised people not to invest in bitcoin but there has been no prohibition for it

hrsyrk
Newbie
*
Offline Offline

Activity: 224
Merit: 0


View Profile WWW
May 06, 2018, 10:14:45 PM
 #506

I think you are generalizing all Asian countries just because China banned ICOs and other exchange and trading sites. You need to study a little about geography because Japan and South Korea are dominating the btc trading in the cryptocurrency market.
VentureHero
Jr. Member
*
Offline Offline

Activity: 87
Merit: 4


View Profile
May 07, 2018, 05:33:38 AM
 #507

I think you are generalizing all Asian countries just because China banned ICOs and other exchange and trading sites. You need to study a little about geography because Japan and South Korea are dominating the btc trading in the cryptocurrency market.

China situation is quite complicated and it's full of contradictions. Just think that ICO and trading platforms are banned, but still most of mining (and trading) comes from Chinese..

The currency regulation plays a big role I think. Formally it's illegal to bring Chinese Yuan outside China's territory..
Ajeng07
Newbie
*
Offline Offline

Activity: 29
Merit: 0


View Profile
May 11, 2018, 09:43:19 AM
 #508

depending on where we live, there are some countries in Asia that still doubt the legality of bitcoin, because bitcoin currency is not yet listed in government, there are some countries in asia are also prohibited to use bitcoin in their daily transactions or trade.
fileo
Member
**
Offline Offline

Activity: 308
Merit: 10

Look ARROUND!


View Profile
May 11, 2018, 10:36:15 AM
 #509

Actually some of the country prohibited bitcoin as the government didn't wants the presence of crypto inside their land. There are some valid reason such as the possible sudden collapse of the economy as bitcoin is anonymous. The fear of the government from the citizens to leave the job and focus on crypto without any relation with government.

ThePogi
Newbie
*
Offline Offline

Activity: 71
Merit: 0


View Profile
May 12, 2018, 07:01:17 AM
 #510

bitcoin illegal  some asia country but why?can you give me some reason about this?? thanks
One can understand any Gov wanting to protect its fiat supply, hence wanting to regulate direct crypto-fiat exchanges where it's done directly with the exchange itself. That may not be an entirely bad thing overall, as it does lend some more acceptability to crypto, and make it easier for everyone to exchange directly back to fiat if necessary.
Beldon
Member
**
Offline Offline

Activity: 266
Merit: 10

The Exchange for EOS Community


View Profile
May 12, 2018, 07:02:22 AM
 #511

bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks
Bitcoin is illegal in some Asian countries because the governments of these countries have not fully believed in Bitcoin and instead the Government hates Bitcoin can thrive in their country. There are so many factors that cause illegal Bitcoin in Asian countries and all the reasons we should be able to accept it if we live in that country.

▐|   EOS Exchange   |▌          The Exchange for the EOS Community!          ▐|   EOSex   |▌
                    ICO: 15th October to 20th November  |  Free EXP Tokens: Join Bounty!                    
Whitepaper               ANN Thread               Telegram               Twitter               Mobile
pheonyx
Newbie
*
Offline Offline

Activity: 137
Merit: 0


View Profile
May 12, 2018, 09:23:31 PM
 #512

Its not true some country are illegal not in whole asia i am from india here is allow to purchase.
Yeah, I think he's just make it general without doing research. Here in our country bitcoin and eth are most valued crypto and many crypto supporters are enjoying with this.
dark1234
Full Member
***
Offline Offline

Activity: 476
Merit: 114



View Profile
May 12, 2018, 10:20:16 PM
 #513

Its not true some country are illegal not in whole asia i am from india here is allow to purchase.
Yeah, I think he's just make it general without doing research. Here in our country bitcoin and eth are most valued crypto and many crypto supporters are enjoying with this.
I am from Indonesia and here we are not prohibited from doing all transactions bitcoin and crypto only in our country the government does not meligalkan or menilegalkan they are neutral and this is applied in many areas of Asia in my opinion

AGATE  ▄▄▄▄▄▄ Facebook Telegram Twitter Medium   ▄▄▄▄▄▄   AGATE
█ █ █ █ █ █ █ █    PayPal of Cryptocurrencies     █ █ █ █ █ █ █ █
████  Blockchain Protocol + 12 Working Modules - Use Crypto as Cash  ████
Soots
Sr. Member
****
Offline Offline

Activity: 784
Merit: 250


Semi-Decentralized Exchange


View Profile
May 13, 2018, 09:11:34 PM
 #514

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

Actually mate, as I'm one living here in asian country I didn't heard that bitcoin is illegal throughout the asia. In fact our government supports crypto currency and some of our business establishments accepting bitcoin as a mode of payments. Maybe, you're just misinformed regarding on that because as far as I know most users are from asian countries which I think most of them helps to increase the popularity of crypto currencies throughout the whole world.


                           ▄▄█▌
                       ▄▄██▀▀█▌
                    ▄██▀▀    █▌
 ▄              ▄▄██▀    ▄▀  █▌
▐███▄▄         ▐█▀     ▄█    █▌
▐█▌ ▀▀██▄      █▌      █ ▄▀  █▌
▐█▌    ▀▀██▄▄  █▌    ▄█▀▀    █▌
▐█▌   ▄    ▀██▄█▌  ▄█▀     ▄██
▐█▌   ▀█     ▀██▌ ▄█    ▄▄██▀
▐█▌  ▄  ▀▄    ▐█▌▄█ ▄▄██▀▀
 ██   ▀▀▄█▄   ▐███▄█▀▀
  ██▄     ▀█  ▐█▀▀
   ▀▀██▄▄   █ ▐█▌
       ▀▀██▄▄███
           ▀▀▀█▌
EOSex
EOS Exchange


   The Exchange for the EOS Community!  

███████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████████
ICO: 15th October to 20th November


                           ▄▄█▌
                       ▄▄██▀▀█▌
                    ▄██▀▀    █▌
 ▄              ▄▄██▀    ▄▀  █▌
▐███▄▄         ▐█▀     ▄█    █▌
▐█▌ ▀▀██▄      █▌      █ ▄▀  █▌
▐█▌    ▀▀██▄▄  █▌    ▄█▀▀    █▌
▐█▌   ▄    ▀██▄█▌  ▄█▀     ▄██
▐█▌   ▀█     ▀██▌ ▄█    ▄▄██▀
▐█▌  ▄  ▀▄    ▐█▌▄█ ▄▄██▀▀
 ██   ▀▀▄█▄   ▐███▄█▀▀
  ██▄     ▀█  ▐█▀▀
   ▀▀██▄▄   █ ▐█▌
       ▀▀██▄▄███
           ▀▀▀█▌
WHITEPAPER
BTC                          ▄▄▄
                    ▄▄▄██████
              ▄▄▄█████▀▀████▌
        ▄▄▄████████▀ ▄██████
  ▄▄▄██████████▀▀  ▄███████▌
▀███████████▀   ▄██████████
   ▀▀▀███▀    ▄███████████▌
        █▌  ██████████████
        ▐█ ██████████████▌
         █████▀ ▀████████
          ██▀      ▀████▌
                      ▀▀
             ▄████▄▄   ▄
█▄          ██████████▀▄
███        ███████████▀
▐████▄     ██████████▌
▄▄██████▄▄▄▄█████████▌
▀████████████████████
  ▀█████████████████
  ▄▄███████████████
   ▀█████████████▀
    ▄▄█████████▀
▀▀██████████▀
    ▀▀▀▀▀
reality18
Member
**
Offline Offline

Activity: 322
Merit: 13


View Profile WWW
May 14, 2018, 01:41:31 AM
 #515

bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks
No much reason have been put across regarding the ban of ICOs and exchange sites in some Asian countries like China and India. The reason mostly given is that ICOs are used to fund terrorism and involved in money laundering, hence the regulation to implement KYC and AML in most ICOs and exchange sites in other countries.

▬▬▬▬▬ ●  ▬▬▬ ● ▬▬▬▬ ● ▬▬ ●   P A R Q   ● ▬▬ ● ▬▬▬▬ ● ▬▬▬  ● ▬▬▬▬▬
▬▬▬ ● ▬▬▬ ● ▬  A GREEN, SMART AND CONNECTED CITY PLATFORM ▬▬▬► WP
MEDIUM | REDDIT | FACEBOOK | TELEGRAM | TWITTER | YOUTUBE | ANNOUNCEMENT
Gauravsaini29
Newbie
*
Offline Offline

Activity: 3
Merit: 0


View Profile
May 14, 2018, 02:35:39 AM
 #516

First reason govt. Want to control everthing thats y they are not interested to leagal bitcoin bcoz they know if bitcoin legally implemented so they have no control on currency or bitcoin defeted the local currency.
Lang09
Full Member
***
Offline Offline

Activity: 350
Merit: 111



View Profile
May 15, 2018, 12:26:42 AM
 #517

I think not all Asian countries assume that bitcoin is illegal, if we look at the role of japan and china that have a big role on bitcoin because it has many users doing business in bitcoin, is the country illegal bitcoin?
and the legality of bitcoin is determined by the policies of the respective state governments.
changcloy
Full Member
***
Offline Offline

Activity: 434
Merit: 107


View Profile
May 15, 2018, 03:51:53 AM
 #518

bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks
I live here in Asia and we can freely used bitcoin , many people here support crypto currencies and most of here are thankful for the benefits that bitcoin given to us. Where in Asia specifically do you mean mate?  maybe you heard it wrong....
chara78
Newbie
*
Offline Offline

Activity: 46
Merit: 0


View Profile WWW
May 18, 2018, 10:31:43 PM
 #519

only some countries in Asia consider Bitcoin illegal, I think the reason why Bitcoin is considered illegal is because Bitcoin is a virtual money, it is easy for Bitcoin to be misused as an illegal transaction, which is very detrimental to society and will disrupt the financial stability of the country.
huydai
Newbie
*
Offline Offline

Activity: 238
Merit: 0


View Profile
May 19, 2018, 08:08:21 AM
 #520

In Asian countries the government is afraid of losing control of the currency with the concept of bitcoin not yet widely understood to have multiple phishing scams.
Pages: « 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 [26] 27 28 29 30 »
  Print  
 
Jump to:  

Sponsored by , a Bitcoin-accepting VPN.
Powered by MySQL Powered by PHP Powered by SMF 1.1.19 | SMF © 2006-2009, Simple Machines Valid XHTML 1.0! Valid CSS!