Topic: why bitcoin illegal in asia? - page 11. (Read 13611 times)

Legality by Asian countries:
 +China: Restricted -  Exchanging bitcoins by people is lawful in China.
 +Hong Kong: Yes -  In any case, the power will be firmly viewing the utilisation of bitcoins mainly and its improvement abroad.
 +Indonesia: Restricted - All risks regarding ownership or use of Bitcoin are borne by the owner or user of Bitcoin and other virtual currencies.
 +India:  Restricted - India presumes that Bitcoins can be utilised for hawala exchanges and subsidising terror operations.
 +Israel: Yes - The Israel Bar Association considers the virtual money a fitting type of installment for lawyers.
 +Japan: Yes - You know! sure 
 +Kyrgyzstan: No - According to national law, the use of bitcoin and similar currencies is illegal.
 +Malaysia: Unrecognised -  The national bank won’t direct Bitcoin operations right now, and clients ought to mindful of the dangers connected with bitcoin use.
 +Philippines: Yes -   Bangko Sentral ng Pilipinas (BSP) will be monitoring the possibility of Bitcoin usage in money laundering and other illegal purposes.
 +Russia: No -  In February 2014, Russia’s Prosecutor General’s Office guaranteed that bitcoin is a cash substitute and “can’t be utilised by people or lawful elements.” In September 2014, Deputy Finance Minister Aleksey Moiseev reported that a law will be gone by Spring 2015.
 +Singapore: Yes -  Organisations that have an arrangement with bitcoin money trades will be saddled in light of their offers of bitcoins.
 +South Korea: Yes - There are no regulations in South Korea regulating the utilisation of bitcoin at the moment. On December 12, 2013, the president of the Bank of Korea recommended at a press conference that bitcoin be regulated in the future.
 +Taiwan: No - Alongside China, they have discharged a joint articulation against the utilisation of bitcoin. Truth be told, controllers have even went as far as to piece endeavors of establishment of Robocoin ATM. While bitcoin itself is not illicit, endorsements for bitcoin ATMs have been disallowed.
 +Thailand: No - A Bitcoin startup denied a business permit which was supposedly informed that purchasing and offering bitcoins, utilising bitcoins to purchase or offer merchandise and administrations, and moving bitcoins all through Thailand were all presently unlawful.
 +Vietnam: Restricted - Being one of the rare countries to ban bitcoin outright, the use of bitcoin in Vietnam is restricted. Despite this, there are still some small businesses that accept bitcoin.
 +Turkey: Yes - Bitcoin is not regulated as it is not considered to be electronic money according to the law.

currently bitcoin image can be said very ugly you know. the government really makes the public view of bitcoin become worse. the government is running this scenario in order for their local currency to survive from the attacks of foreign currency and to avoid the rise of online crime. that's what they told the media why they banned bitcoin. you're right I think we need takes a great leader like a famous investor to tell the media and the world that bitcoin is not as horrible as the government thinks

each in the Asian country has a different understanding about bitcoin.
leaders in Asian countries are afraid if bitcoin could damage the country.
I think that fear should be eliminated from the great leaders.

each in the Asian country has a different understanding about bitcoin.
leaders in Asian countries are afraid if bitcoin could damage the country.
I think that fear should be eliminated from the great leaders.