Post
Topic
Board Legal
Re: why bitcoin illegal in asia?
by
semarmesem195
on 26/11/2017, 10:19:34 UTC
bitcoin illegal  some asia country bt why?can you give me some reason about this?? thanks

Could be anything ranging from private corruption to just a conservative government. I am sure in some countries private countries pay politicians or decision makers to not allow bitcoin because if bitcoin becomes really big, it can cause losses to those corporations.

That's just one reason why illegal bitcoin is in Asia, but i think there are other things that cause illegal bitcoin in Asia, as it's known that most countries in Asia are a developing country and the country has economic problems that makes the Asian country government afraid of bitcoin.
If the state legalize the bitcoin it could reduce the state revenue. How not? bitcoin tax free, while the country's economic income comes from taxes if there is no tax that sustains the country's economy then the country will experience a monetary crisis.