Post
Topic
Board Legal
Re: why bitcoin illegal in asia?
by
Mobshady24
on 27/11/2017, 04:36:39 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 think it has nothing to do with religion, most likely because of the effect of cryptocurrency in their economy.
I'm a bit shock when i first read the title  Cheesy as far as i know most countries in asia do not ban or even support the bitcoin, there are some issues in china though i didn't know exactly what it is. If any country imposes ban on bitcoin or other coins it will be surely because of the impact to the businesses and the community Smiley