Post
Topic
Board Legal
Re: why bitcoin illegal in asia?
by
iram1011
on 29/08/2017, 01:47:36 UTC
bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks


Depends on where you are at. Its fine in a bunch of Asian locales, but again, you would have to define Asian a little more specifically. As far as I see, only Kyrgyzstan, Saudi Arabia and Bangladesh has expressly forbid/prohibited btc/cryptocurrencies. The common feature of all these governments is they are a Muslim majority. This is curious, is there something in the Koran against bitcoin, or more specifically, speculation on it?


I don't think it is Koran, Muslims are very much into stock market or specualtion stuff. Also, I don't think that something near to Bitcoin is present or prohibited in Koran. Many Muslim dominating countries are into Bitcoin.

Anyways, in Bangladesh it is banned because country's strict anti-money laundering laws. In Saudi Arabia and Kyrgyzstan, it is more about Government being against Bitcoin or virtual currencies.