illegal Why Bitcoin is illegal in Asia?

[Naha62 752]

I think South Asian countries are against cryptocurrency they don't want to accept cryptocurrency because they want to make their own currency because every country has its own currency and they probably don't accept bitcoin because they  Do not want to replace your currency with another currency.

[GanBin 705]

22 minutes ago, spark6380 said:

There are several reasons why Bitcoin is banned in many Asian countries.  There is a lot of difficulty in managing bitcoin as it is very difficult to meet its deficiencies so I think that may cause various problems with Bitcoin which is why Bitcoin is banned in Asia. Therefore, there is a long need for Asia to accept Bitcoin legally. I just think that the government's rejection is still based on political matters, so they will continue to look for reasons and lack of Bitcoin for regulation, especially as Asia is known for its Old Indigenous knowledge better than the young.Best of luck dear!!

@spark6380 There is no any good reason why Asian part that ban cryptocurrencies should ban it, it should not be banned because bitcoin is just money. But these countries just want to remain not diversified but remain totally centralized. Why are they making their own digital coins and not accepting decentralized ones? No good reason. Like China, that do not accept most things from outside of its country, even not accepting social media like Twitter and Facebook while other Asian countries are following China of which it is wrong.

[Anna 123 96]

Asian nations are as yet feeling the questions for the digital money. This innovation needs the expert promoting and the specialized specialists to deal with everything accurately. In Asian nations, I think governments fear the hoodlums and they need to limit the dangers of unlawful tax evasion by restricting crypto.It is utilized for illegal intimidation and its assistance 

[JanBomCrypto 494]

6 minutes ago, Mr cocacola said:

okay my dear friend... ..There is a lot of difficulty in managing bitcoin as it is very difficult to meet....., I just think that the government's rejection is still based on political matters.......Some does predictions just for fun, while others makes predictions to make people panic.... that it my dear friend....!!! !!! ...... ....... ..... !!

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@Mr cocacola There is no better reason why the Asian countries ban bitcoin or other such similar coins but it is just politics and they are thinking of not losing their money to cryptosystem but it is not like that, especially if someone invest on good coins. 

[AL SHAIMON 1293]

Bitcoin is not illegal in Asia. There are lots of countries in Asia off all them only a few countries accepted bitcoin. For this reason you can not blame whole Asia. Many new countries tries to legalise bitcoin. 

[Ameralsamt 2558]

My friend, the countries of Asia are divided into two parts, a support section and tries to upgrade encryption, and a section opposed to it and fights it with everything it has, so many countries resort to restrictions on the use of encryption, cryptocurrencies and Bitcoin. 

[Cleaner 2549]

Bitcoin is illegal in many countries in Asia.  Because they call Bitcoin a fraud.  Bitcoin is illegal in my country.  The reason for making Bitcoin illegal is that it has no regulator and its price is always volatile.

[MK AHMAD 1134]

Bitcoin is illegal in asia because the government think Crypto currency will decrease the value of the fiat currency in the asian part of the countries which he make it unauthorized but I hope the government in the part of asian will understand the value and benefits of crypto currency especially cryptotalk currency 

[Msh9 84]

There are many countries that are afraid of losing the purchasing power of the currencies that the state owns and that Bitcoin will become the most famous currency in the field of countries' economies, but this is a mistake for us to work with with confidence.

[Alsh9 1007]

Governments in Asia may have several reasons not to accept Bitcoin. They think it is bad and it will affect their economy. They consider it illegal. I hope that the complete scientific view of Bitcoin will be changed and approved, and a call for legal action to make Bitcoin official in all countries.

[chambers 58]

One of the main reasons why cryptocurrencies are increasingly been restricted in some certain Asian countries is actually the advent of ponzi schemes uses by some organizations to take advantage of prospective investors 

[Bruno52 1141]

I think that bitcoin is illegal in Asia because the governments of the countries there are afraid that if they leave bitcoin in operation, many people will abandon the local currencies and switch to bitcoin, bringing down the country's economy.

[Bitpapacoins 61]

11 hours ago, Alsh9 said:

Governments in Asia may have several reasons not to accept Bitcoin. They think it is bad and it will affect their economy. They consider it illegal. I hope that the complete scientific view of Bitcoin will be changed and approved, and a call for legal action to make Bitcoin official in all countries.

@Alsh9 I think one of the reasons is because China is not acceptable cryptocurrencies, while many countries in China will like to follow China ways of doing somethings. If they properly research about bitcoin, they will know bitcoin is not bad. 

[Hamza Deeb 55]

Bitcoin is illegal in most countries of Asia for fear of tax evasion and non-payment of dues from bills and taxes. I believe that governments will find a solution to this because they are aware of the importance of this currency. It takes time and appropriate solutions.

[Syriana 350]

I think that the main reason is the governments, as they made statements saying that they are illegal, so I think that the countries of Asia do not want to deal with cryptocurrencies and do not provide facilities in order to allow their citizens to use them and I think they will regret it in the future because the cryptocurrency will become the currency of the future

[abdullah553 1981]

On 2/18/2020 at 11:05 AM, AmjadBydn said:

Why Bitcoin is illegal in Asia ? 
in my opinion, why some country in asia was banned to use bitcoin : because bitcoin is electronic data. Thus, it’s not considered a currency and can’t be used for payments, and is not considered legal tender like money. With no self worth, the value of such data varies based on the needs of the market. Bitcoin changes in value very quickly and it could became something of no value if none desired it.
Effectively, bitcoin is just electronic data with no intrinsic value, and its value rises or falls depending upon the whims of the market. Furthermore, consumers' legal recourse will be severely limited in the case of any claims over coins stolen or sent to the wrong wallet, or over goods purchased with bitcoin but not received.
for example bitcoin illegal  some asia country is thailand, Over the past nine months, the illegal status of cryptocurrencies in Thailand has been an issue of great confusion but bank of Thailand just Suggests Bitcoin Not Illegal But Warns Against its Use.

What about your Idea ! tell us about it !

Most of the countries in the past used to consider Bitcoin illegal because many fraudsters and mafias use it because of the privacy in it.

[abd1992 960]

On 2/18/2020 at 11:05 AM, AmjadBydn said:

Why Bitcoin is illegal in Asia ? 
in my opinion, why some country in asia was banned to use bitcoin : because bitcoin is electronic data. Thus, it’s not considered a currency and can’t be used for payments, and is not considered legal tender like money. With no self worth, the value of such data varies based on the needs of the market. Bitcoin changes in value very quickly and it could became something of no value if none desired it.
Effectively, bitcoin is just electronic data with no intrinsic value, and its value rises or falls depending upon the whims of the market. Furthermore, consumers' legal recourse will be severely limited in the case of any claims over coins stolen or sent to the wrong wallet, or over goods purchased with bitcoin but not received.
for example bitcoin illegal  some asia country is thailand, Over the past nine months, the illegal status of cryptocurrencies in Thailand has been an issue of great confusion but bank of Thailand just Suggests Bitcoin Not Illegal But Warns Against its Use.

What about your Idea ! tell us about it !

Today I think that many countries will withdraw from the ban and allow work on Bitcoin to become legal. Indeed, many countries have begun to change their negative view of Bitcoin.

[Dang3r 103]

I think you should be more specific, Asia is basically a continent, within it is China, South Korea, Japan and India, countries that in a certain way promote maintaining a neutral position towards cryptocurrencies, they do not prohibit them, they only regulate them, it is It is true that some nations prohibit cryptocurrencies but it is thanks to their culture that keeps them away from innovation.

[Roman Wickler 1021]

Bitcoin is not fully illegal in asia. There are alot of countries on asia which accept bitcoin.  Like India.  They accept cryptocurrency and bitcoin. But there are some countries which don't accept bitcoin because they can't track the criminal who use bitcoin that's why. But you can't tell that whole Asia don't accept bitcoin. 

[khan22 3478]

Bitcoin is illegal is not just in Asia in other countries it will also illegal and i hope that soon the crypto market is legal in all over the world and that time it go high so much and we make good profit in the market at that time becasue all over the world peoples will invest in this market at that time.

[Ahmdoof 59]

The use of cryptocurrencies in Asian countries is still under study, with reservations in some countries, but there are countries trying to get their cryptocurrency, and this is what drives people to work hard to obtain cryptocurrencies such as Bitcoin. And when countries announce their own currencies, they convert and get money. My advice to you, my friend, follow your work, we are the final winners.

[teebasas 3018]

Well not all country in the Asia treat using of cryptocurrency illegal, for example in the Philippines they don't treat crypto as illegal nor legal it is because the usage and awareness of the citizen there is not that much and lots of them don't totally know about what it is.

[Mir Hamza 2888]

If we talk about Asia, there are many Asian countries that are underdeveloped. So if bitcoin can be legalize in those countries, then a lot of the population there will be trade on bitcoin and thus the government will not get its tax. But in this way the government will not get tax, the bus cannot change that the government there does not legalize bitcoin. 

[Sumon21 151]

Many countries have declared Bitcoin illegal because they think it could affect their local currency.  Moreover, Bitcoin is out of control. That is why no country can impose a tax on it.  There is no evidence of its transaction.So criminals can be more active using it. There are also many more reasons. 

[Stiffen white 827]

If you check the condition of asia countries, wo many people are unemployed.  The currency of that countries so low . If they accept as legal then conditions can more critical.  With this price of thier currency can be low and imports and exports can be damage which is big loss.