Topic: why bitcoin illegal in asia? - page 28. (Read 13781 times)
Most of the countrys of Asia are not interesting about Bitcoin. I think they are backdated in technologies. Many of them have some law in Financing sector does not allow bitcoin.
They said that It's illegal cause the government still can't control bitcoin trasaction in their country and bitcoin owner still don't pay any pennies for government for tax. That's the main reason and it's the same in my country but the government in my country will control bitcoin in next 2 years. Hope that I'll not have to pay too much money for tax 
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yes you are right recently pakistani govt is announced Bitcoin is now illegal in Pakistan, there is many factors of this,
1: bitcoin have nothing any tracking source.
2: every scammer and criminals are using bitcoin for money transfers which is bad for every country.
3: many peoples are doing scam with using name of Bitcoin like , OneCoin, LifeCoin etc and you know About Dr Ruja who is doing biggest scam in online market via BTC and onecoin there is nothing any type of tracking in BTC trx's so that's why Govt's are converting it into a illegal Currency.
if you know about more you can search scam list via btc in google
hope the done your question
1: bitcoin have nothing any tracking source.
2: every scammer and criminals are using bitcoin for money transfers which is bad for every country.
3: many peoples are doing scam with using name of Bitcoin like , OneCoin, LifeCoin etc and you know About Dr Ruja who is doing biggest scam in online market via BTC and onecoin there is nothing any type of tracking in BTC trx's so that's why Govt's are converting it into a illegal Currency.
if you know about more you can search scam list via btc in google
hope the done your question
its not only in asia, just that most countries are yet to accept it but soon it will be a global means of exchange
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bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
No its not true, only few countries has restricted the activities related to cryptocurrency. Asia is the biggest market for the bitcoins if we compare it with the western countries.
I think you are right, currently the bitcoin circulation in Asia is experiencing a significant increase phase maybe this is because the bitcoin price is now so high that it is able to attract everyone to engage in bitcoin, even in some countries like vietnam india Philippines and some others in asia has successfully declared the legality of bitcoin, this proves not all countries in asia are illegal about bitcoin.
Well i dont think it is illegalized but it is not regulated. Meaning they dont acknowledge btc as means of payment but it could be earn but in an underground sense. Some asian countries even made btc as an economic oppurtunity to at least earn money for there country. Some times its ilegal i think because it cannot be contained by the government or monitored. But i would see that some countries will also adapt btc because it could really help them especially in monetary matters.
I think you are right, currently the bitcoin circulation in Asia is experiencing a significant increase phase maybe this is because the bitcoin price is now so high that it is able to attract everyone to engage in bitcoin, even in some countries like vietnam india Philippines and some others in asia has successfully declared the legality of bitcoin, this proves not all countries in asia are illegal about bitcoin.
Not all countries in asia consider illegal bitcoin, as japan has legalized bitcoin and vietnam already in the process to legalize bitcoin in its country. Even in indonesia there are some places that accept bitcoin as payment medium.legal its not bitcoin it depend on level of trust of its society to bitcoin itself.
bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
What makes you say this? It seems to be legal in all but 2-3 countries in Asia. You may want to check bitcoin's legality here: https://en.wikipedia.org/wiki/Legality_of_bitcoin_by_country_or_territory#Asia
Bitcoin is illegal in my country as per the statement from government.
But you can see bitcoin accepted here sign board on many shops in the street.
The government have no idea how and what action to take against it's use.
But you can see bitcoin accepted here sign board on many shops in the street.
The government have no idea how and what action to take against it's use.
bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
Some country forbid bitcoin because of security reason for example bitcoin can be use for money laundry that usually being use by corruptor , terorrist able to use bitcoin to cover their trace, ransonware ,and more advance criminal in the future
I don't think it is illegal. I've heard Japan already legalized bitcoin and they just did nice for welcoming bitcoin for their economic growth. ....
Every country have their own tolerance or policy for bitcoin
India is the largest democracy in the world. Bhutan, Georgia, Indonesia, Isreal, Japan, Mauritius, Mongolia, Nepal, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan are all democratic countries. Asia is not all about China, North Korea or middle east.
bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
Some country forbid bitcoin because of security reason for example bitcoin can be use for money laundry that usually being use by corruptor , terorrist able to use bitcoin to cover their trace, ransonware ,and more advance criminal in the future
I don't think it is illegal. I've heard Japan already legalized bitcoin and they just did nice for welcoming bitcoin for their economic growth. ....
Every country have their own tolerance or policy for bitcoin
India is the largest democracy in the world. Bhutan, Georgia, Indonesia, Isreal, Japan, Mauritius, Mongolia, Nepal, Pakistan, Philippines, South Korea, Sri Lanka, Taiwan are all democratic countries. Asia is not all about China, North Korea or middle east.
bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
Some country forbid bitcoin because of security reason for example bitcoin can be use for money laundry that usually being use by corruptor , terorrist able to use bitcoin to cover their trace, ransonware ,and more advance criminal in the future
I don't think it is illegal. I've heard Japan already legalized bitcoin and they just did nice for welcoming bitcoin for their economic growth. ....
Every country have their own tolerance or policy for bitcoin
bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
Some country forbid bitcoin because of security reason for example bitcoin can be use for money laundry that usually being use by corruptor , terorrist able to use bitcoin to cover their trace, ransonware ,and more advance criminal in the future
I don't think it is illegal. I've heard Japan already legalized bitcoin and they just did nice for welcoming bitcoin for their economic growth. ....
Every country have their own tolerance or policy for bitcoin
I don't think it is illegal. I've heard Japan already legalized bitcoin and they just did nice for welcoming bitcoin for their economic growth. China also holds the largest market for bitcoin even if there are laws restricting bitcoin use in their country. There are some Asian countries who does not permit bitcoin to be used, but not the whole Asia only a few countries.
bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
\Bitcoin is an illegal and unsupported exchange method. BI deputy governor, Ronald Waas, in January said that Bitcoin violated three Indonesian laws. But banks do not have the authority to punish or sanction users. Therefore, consumers can use it at their own risk.
Have heard some news recently an Asian country that banned that used of bitcoin after a criminal groups demanding a ransom that be transact through bitcoin. But I won't specifically named the country as I'm not sure of it at this moment. But most asian country bitcoin is not illegal neither legal for some reason because of numbers of users that present on that country.
There are maybe some countries that not recognized bitcoin as an asset but I think if it will be calculated there are more who uses bitcoin in Asia. I think if it will be illegal in my country, that would be a big loss because many here in the Philippines are really recognizes bitcoin as a form of an asset, I myself engages into this by this year only but inbthis year also it boom in my country because of its high value.
bitcoin illegal some asia country bt why?can you give me some reason about this?? thanks
I don't have a list of countries where Bitcoin is expressly prohibited by their governments. In those places, the government can just be lacking the needed understanding and appreciation of Bitcoin and the authorities can be feeling like threatened to something they can not control with. However, in those places, as long as there can be an internet and a way to pay internationally, people can still get involved in a subtle way...just don't announced it to the whole world that you own Bitcoin or you can be in big trouble.
Other countries do not have a clear and well-defined stand on Bitcoin so people can still get involved though there is no expressed approval from the government and there is no legal framework which can be used especially in establishing a Bitcoin related business. I am sure that there are many who are holding Bitcoin though they are just being silent about it for fear of encroachment from their own government.
maybe OP is from North Korea since that's the only country inside my mind that will not allow crypto currency and such event that they are being
controlled by Kim and most of the countries already adopting bitcoin so I don't know where OP basing his opinion about legalities of bitcoin.
controlled by Kim and most of the countries already adopting bitcoin so I don't know where OP basing his opinion about legalities of bitcoin.
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