Topic: Bitcoin about the free world, but not for us in the Middle East! - page 2. (Read 3848 times)

you should always do what you feel is right. and that is what i am doing, i am not suggesting you to do the same.
and besides this is what peer to peer exchange looks like. you find someone, you see their record if there is any, then do some business with them. you can start with a small amount first and then go bigger.
and i assure you number of people with "stolen bitcoin" on public places trying to trade bitcoin is nearly zero. if someone wants to sell stolen coins or whatever they go to dark market, they don't risk publicly.

Is this true? I don’t know but my sixth sense is indicating to me to not to believe in what you said. How and why will someone purchase the bitcoins from a so called dealer type of a person? There could be a possibility that maybe the person is selling stolen bitcoins or there might be a hacker who hacks the wallets and then sale it to someone but how could you find someone like this? This is not fair I guess. I will never do it in my life.

Is there any legislative for bitcoin accepting businesses in Oman? Maybe try running bitcoin accepting hotel or rental flat in Salalah    2 years ago I was thinking about going there for a week, but i didnt have time and now the prices of vacation there are too high :/

My contribution to this is that, what you are facing is and why the restriction to people in the Middle East is probably the same reason why some ICOs will willing not accept citizens from a particular country and the same reason why some gambling sites will refuse making their services available to some countries and its not unconnected with the laws of those country. All exchange sites wants to make money and would be happy to see new sign ups everyday but they prefer to disallow that than to have a running legal battle with the agents of government which might eventually bring an end to the project they are running.

What you really need to understand that for all the exchange sites to have been towards one particular cause of action means its something beyond their power and by the time you launch your own site, that's when you will realize what they are going through. The fundamental fault is not the exchange but rather the laws that regulate the actiivites of the country you found yourself which is something the exchange sites cannot do anything about. Start the revolution from your end to promote liberalism then buying bitcoin won't even be an issue.

Who said I don't or didn't? As I said, I submitted all the docs they asked for (passport, a selfie with passport, bank statement, utility bill, ID both sides, etc). But no word yet from all of them about accepting me to buy bitcoin using fiat. All still say verification pending. Only one that worked so far is BitOasis.

Cheers

The question is why do you (op) find following rules and regulations so difficult? I suppose you're a legitimate citizen of the country you are from and you legitimately hold the national id so why can't you show them to the exchanges while buying bitcoins, you should. Bitcoin is for everyone living any where in the world but that doesn't mean there shouldn't be any rules and regulations in regard to it's buying, selling or converting to your local fiat currency. Exchanges are required by the government to follow some rules and regulations to stop the misuse of bitcoin and one should follow them.

Thanks all for the replies and advice. I am overwhelmed with all your feedback. Some of them are harsh, but that's ok, others are very good.

I bought my first bitcoin using bitoasis.net. More of that experience below. Some of you asked where I am from? Am from a nice quite country called Oman. Bitcoin is not really famous here. If you ask someone in the street about it, he wouldn't know what the hell you are talking about. Some of you asked me which exchanges I have tried? to list few: bittrex (verified but no fiat), Poloniex (verified stage 1 with no fiat), raken (verification pending over a month), bitstamp (verification pending over a month), CoinsBank (verification pending), Coinbase (doesn't support my country), etc. So you see, all of them didn't finalize my verification until now (over a month) and still waiting.

So eventually someone here in the post referred me to BitOasis. I tried them, they operate from Dubai and they finished my verification in less than a week (exactly same docs I submitted to the other exchanges). I bought my first coin (as a trial), using a credit card and it worked. I got charged 5% fee for that, but at least I paid market price. I think BitOasis is the only one in the middle east that works, so hooray. However, the exchange is limited to what other cryptocurrencies I can trade bitcoin with, so far only Ether. So soon enough I will still need the other exchanges. However, at least I can use fiat with BitOasis to buy bitcoin, transfer the bitcoin to the other exchanges who would allow me to trade against other currencies. Then transfer again my profit to bitcoin, put it back into BitOasis to exchange for fiat.... looool. no easy shortcut here!

Don't get me wrong about bitcoin, I was referring to the exchanges, not the coin itself. Anyhow, reading your feedback and the KYC saga, it is what it is.

I was joking on the ICO, I just got into the bitcoin world, so I don't have an intention to start one  .

Thanks all!

Who knows when is the government going to look at the BTC and also government has bigger issues to work on. The Middle East government is busy looking the oil prices and revenue generation for the state.

Bitcoin is only for the benefit of a person for a state the bitcoin is no good to have with because it is tax exempted and it is not easy for the government to regulate it so they don’t concentrate on it not do declare it legal.

I find it illogical to blame all this on bitcoin.

Bitcoin is for everyone. You can generate new bitcoin addresses and send and receive from them in your country or am i mistaken here? The real issue here is that your country's restriction on bitcoin exchanges are too strict, and that is something that unfortunately only law makers in your country can change. The bitcoin community can do nothing to help, really.

I would definitely start try to establish local some contacts in bitcoin, if i were you, so that you are able to easily get bitcoins and sell them whenever you have the need to without having to go through an exchange. I find that p2p trading is much easier to execute, more convenient, and sometimes if you add up all the fees you pay on exchanges it actually ends up being cheaper.

Takeaway lesson: bitcoin is decentralized and can't be regulated, exchanges are centralized and can be regulated.

The world is still free bro. 

All you are experiencing for now are some unnecessary glitches that are for me very local. Apparently, bitcoin has nothing to do with it. Laws on that side are rather strict.

I hope you will be able to come across that process and enjoy bitcoin.

You are obviously dealing with a pretty crappy exchange then. Because if you have a good exchange then you should be able to just submit your documents once and you'd have pretty much no limit as to how much you are allowed to exchange and withdraw.

Don't blame this on bitcoin, because this isn't bitcoin's fault. This is the government's fault for having such strict KYC and AML laws, and these laws aren't even universal. They are only targeted at bitcoin which makes me think they're very scared that bitcoin is going to take over the financial system and they want to restrict the amount of people having access to bitcoin.

Once you get your funds into bitcoin i guarantee you 100% that the experience will be smooth. And the reason is exactly because there is no government, every transaction is irreversible, therefore you can transact with ease. And the good thing is anyone can use it, even in North Korea. So in the middle east you'll definitely be able to use it. The hard part is how to get yourc fiat into bitcoin, thats the main issue.

The KYC policies are universal and every country of the world that is part of the United Nations has implemented these laws in the country. The AML laws vary from country to country so every country has made its own laws for the prevention of the AML.

All the financial institutions in country such as banks, the stock exchange and any other companies that are related to the financial services and productions are liable to follow these laws and policies. These are the steps taken by government to avoid the illegal flow of money inside the country.

I think that best way to fix your problem is to try to change skrill to btc or payeer to btc ,neteller to btc or try to find some online trusted person which can change paypal money for btc or something else.

This normally happens when you try to purchase bitcoins online with either PayPal or a credit card,  they want to be sure there is no charge back in case it is a fraudulent order, they are just protecting themselves from losing money that's all.

  i am agree with your point that may be your country bitcoin is not yet accepted by government or maybe you people are lack of knowledge about bitcoin so I guess it can be the reason for it, bitcoin is useful for all people not for a specific country or a specific society.

What your really trying to do here if your really want  to invest on bitcoin find genuine way dont expose your wealth infront of people there is lots of scammers exists they will trap you one or other way if they knows that your having money. So please don't expose your wealth. I may suggest do some research how to buy bitcoin from different exchanges and also keep some escrow service in BCT and buy bitcoin again you have to research lot before you spend your hard earned money.

Government specification can be a vital part on bitcoin globalization. And middle east as country with a different form o hierarchy or form of leadership maybe there is a wide differences between the partial alignment of technology to people. And the laws can void the system of bitcoin on bringing its development system through out the nation. The standards may be differ also on buy and sell when it comes to local bitcoin, it might need more support of both the people and the government system with a high power to handle it.

That is also the problem of other people because they get alot of benefits from that certain groups they dont care anymore if they will tied up by those rules or shall we say a tool of taking away of our freedom on notion

well, it is bitcoin is a digital currency that is most free and better provide advantages to its users. Indeed bitcoin is not tied into something the rules, because it now has a lot of problems of the bitcoin where there are several groups who want a legal umbrella in order to obtain a bitcoin every transaction could have a pretty good security. But it's all I think will never happen, because the server is bitcoin is very awake to that. Bitcoin is profitable if you use it wisely