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Author Topic: why bitcoin illegal in asia?  (Read 13061 times)
Cuong1411
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September 01, 2018, 05:49:32 AM
 #581

Because the government thinks it is bad and can harm its people. But part of the population in Asia thinks it is unreasonable for peopleand  involved in playing virtual currency.  Cry Cry and I am  a Asian   Cool  Embarrassed
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September 05, 2018, 11:32:57 PM
 #582

Asian countries have varying response rates to digital currencies, there is greater uniformity in the speed of their actions.

China, which has banned the ICO and closed the cryptocurrency exchange amid fears fraudulent activities are said to begin the process to end Bitcoin mining activities domestically.

Citing similar concerns over fraudulent activities, namely money laundering, the South Korean banking regulator has begun investigations related to cryptocurrency compliance in some of the largest bank countries. The South Korean regulator also applies regulations that will prohibit anonymous trading. Like China, South Korea has banned ICOs.

In Japan, in an effort to increase transparency and consumer protection, regulators have officially approved the operations of 11 exchanges and 17 currencies for trade.

Apart from the busy activities of regional arrangements around cryptocurrency, it would be wrong to conclude that such developments would be a bad sign for the cryptocurrency market. Conversely, the introduction of clear regulations in some of the largest cryptocurrency markets will create legitimacy and transparency, reduce fraud, and ultimately improve market integrity.
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September 06, 2018, 11:56:47 AM
 #583

I think because of the banks of different countries. because I also know they do not cry the crypto because they will be against them. but I think they can not stop cryptocurrency because of the big people who invest in it.

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September 06, 2018, 02:58:16 PM
 #584

Everywhere different people and everyone has their own policy regarding bitcoin and cryptography.
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October 04, 2018, 09:41:41 AM
 #585

I think it depends on government on that country becuase there are some country in Asia are not actually illegal the bitcoin but im not declaring that Bitcoin is legal and im surely that government in that country is want to control everything money only on their country. Not all country in Asia are not Illegal Bitcoin but and we all known that almost all the people in that country is investing on Bitcoin so i think they have right to invest on what people want to invest so there is no reason to make illegal Bitcoin otherwise cryptocurrency is our Future Bank.
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October 05, 2018, 11:06:48 PM
 #586

Only few country in asia make bitcoin illegal. There reasons not clear why they make bitcoin illegal. And i am glad that my country is not making any move to make it illegal. In fact they are starting to study crypto. And how to make it safer for its users.

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October 07, 2018, 04:50:45 AM
 #587

The OP needs to understand that "Asia" is a large continent with a population of more than 4 billion. The legality of Bitcoin is not uniform everywhere in Asia. In countries such as Japan and Singapore, it is 100% legal and in some others such as Nepal and Bangladesh, it is illegal.


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gregory04ui
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October 07, 2018, 12:40:31 PM
 #588

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