Cautionary campaign about Bitcoin | Bitcointalksearch.org

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Crypto Library on June 14, 2023, 05:05:21 AM

There is no end to speculation about cryptocurrency in Bangladesh, after in a few days, again and again, the government party ministers are saying that now it is time for us to think about Bitcoin or cryptocurrency. Along with this, there is a briefing from the Central Bank that any person can hold cryptocurrency and the next day we see a notice from the Central Bank. It is illegal to trade all types of cryptocurrencies. And this kind of drama is being repeated again and again for several years. I don't think Bitcoin or cryptocurrency at all will be legalized under the current government.

Small countries will change their policies to follow big nations. If acceptance, legal tender for Bitcoin and cryptocurrency are the trend and if big nations don't prohibit those currencies, small countries will have no choice to follow the global trend.

It is illegal to trade but legal to own cryptocurrencies but they are conflict with each other. As a cryptocurrency user, you must buy it somewhere to own cryptocurrency. By this, at beginning you break your national law. So you must aware about that and use non KYC exchanges when you start.

https://kycnot.me/

Crypto Library

hero member

Activity: 1036

Merit: 933

Find your Digital Services at- cryptolibrary.pro

Quote from: Ndabagi01 on June 11, 2023, 06:49:16 PM

If your country has banned cryptocurrencies and you continue to acquire and keep more, you have gone against your country's government in your pursuit of financial freedom. This new policies appear to be very serious, and the government intends to take harsh measures against anyone who own cryptocurrency.

There is no end to speculation about cryptocurrency in Bangladesh, after in a few days, again and again, the government party ministers are saying that now it is time for us to think about Bitcoin or cryptocurrency. Along with this, there is a briefing from the Central Bank that any person can hold cryptocurrency and the next day we see a notice from the Central Bank. It is illegal to trade all types of cryptocurrencies. And this kind of drama is being repeated again and again for several years. I don't think Bitcoin or cryptocurrency at all will be legalized under the current government.

Quote

The best advice is to stay away from cryptocurrency for the time being in order to avoid confiscating all of your accounts that have previously transacted with cryptocurrency. It is advisable to stop now rather than lose all funds to the government later. Hopefully, your government will recognize bitcoin's significance and allow its use in the country in the near future.

I will not disagree with you on that advice but in our region many people's are already take theirs career in crypto currency world. So now there are many such people who have no way to back out of it. And this is how cryptocurrency is going in our country and those who are ignorant about security are going to jail. But if Satoshi's invention Bitcoin can be used properly, no government ban can stop it.

GreatArkansas

legendary

Activity: 2506

Merit: 1394

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country.
(....)

I believe that this company is just complying with your government's regulations because if a country is cryptocurrency friendly, they will not do this to most of the companies from their country.

I also believe that your country is not experiencing this because we saw a lot of countries that got problems like this, banning Bitcoin in their country but it's really not clear what is really the ban.

Bitcoin_people

sr. member

Activity: 700

Merit: 380

🎗️🍁🎭

Quote from: Ndabagi01 on June 11, 2023, 06:49:16 PM

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

If your country has banned cryptocurrencies and you continue to acquire and keep more, you have gone against your country's government in your pursuit of financial freedom. This new policies appear to be very serious, and the government intends to take harsh measures against anyone who own cryptocurrency.

The best advice is to stay away from cryptocurrency for the time being in order to avoid confiscating all of your accounts that have previously transacted with cryptocurrency. It is advisable to stop now rather than lose all funds to the government later. Hopefully, your government will recognize bitcoin's significance and allow its use in the country in the near future.

My country's government has completely banned bitcoin cryptocurrency and recognized it as a legal crime. If here find out about Bitcoin transactions, must take administrative action. Since Bitcoin is not legal in our country, we are definitely going against the government by using Bitcoin. But I can say this from experience as long as I have been involved with this cryptocurrency. If you are careful, you can certainly succeed in investing in Bitcoin. Because Bitcoin transactions in my country will definitely lose those funds if the government finds out. So I am totally cautious when I invest in Bitcoin. And I hope the government in my country approves Bitcoin cryptocurrency very soon.

Ndabagi01

sr. member

Activity: 784

Merit: 306

Hire Bitcointalk Camp. Manager @ r7promotions.com

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

If your country has banned cryptocurrencies and you continue to acquire and keep more, you have gone against your country's government in your pursuit of financial freedom. This new policies appear to be very serious, and the government intends to take harsh measures against anyone who own cryptocurrency.

The best advice is to stay away from cryptocurrency for the time being in order to avoid confiscating all of your accounts that have previously transacted with cryptocurrency. It is advisable to stop now rather than lose all funds to the government later. Hopefully, your government will recognize bitcoin's significance and allow its use in the country in the near future.

KingsDen

legendary

Activity: 1288

Merit: 1081

Goodnight, o_e_l_e_o 🌹

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

Get the issues straight, I don't know your country but I'm pretty sure the government laws against Bitcoin should be related to Bitcoin mining and spending Bitcoin in the country. This means that you should only buy bitcoin if you want to hold for a long time. Buy a hardware wallet, buy bitcoin and save for a long time. You don't need to talk about it and you will be fine.
Whenever you want to trade your bitcoin, you can use this forum and sell your bitcoin to fiat.
It will be nice to leave in such a country, because it will help you to remain cool with bitcoin without public knowledge.

Yatsan

legendary

Activity: 2576

Merit: 1252

Leading Crypto Sports Betting & Casino Platform

Quote from: loopes on June 11, 2023, 04:53:05 PM

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

In my point of view, you can still invest in bitcoin as long as you invest bitcoin in foreign platform. Buy and store your bitcoin on a platform which is not tracked by your finance regulator of your country. Then when you want to sell your bitcoin, you can sell it on b*nance (as one of the largest trading platform) or any trading platform which supports a withdrawal into USD or into your FIAT directly.

As long as there's no clear sanctions to those who will be proven to use or invest into this technology, I think there's nothing to worry about. It is a campaign which probably just warns the public due to the risk involved. Those who would be easily convinced not to do so are basically ones who knows nothing mucb about this industry. Not unless there will be a direct prohibition 'coz you might have trouble accessing and transacting with your funds which would really impose risk in your asset. But if you are really worried, then try making a pause, you won't be wrong for that, and wait for things to be more clear regarding this movement of them.

Fivestar4everMVP

legendary

Activity: 2422

Merit: 1083

Leading Crypto Sports Betting & Casino Platform

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

If you have plans for investing more in bitcoin, I would advice you just do it, bitcoin is a secure and highly decentralized currency which runs on a decentralized blockchain as well, the government of any country can ban bitcoin for what ever reason, but can never be able to stop bitcoin from existing, any country banning bitcoin at the moment is just wasting their time and do not even know it, some countries have managed to fully legalize bitcoin, and this is the same thing I think every country are gonna end up doing in the long run, bitcoin, as well as cryptocurrencies are here to stay, the sooner countries realize, the much better.

TimeTeller

hero member

Activity: 2744

Merit: 588

Quote from: loopes on June 11, 2023, 04:53:05 PM

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

In my point of view, you can still invest in bitcoin as long as you invest bitcoin in foreign platform. Buy and store your bitcoin on a platform which is not tracked by your finance regulator of your country. Then when you want to sell your bitcoin, you can sell it on b*nance (as one of the largest trading platform) or any trading platform which supports a withdrawal into USD or into your FIAT directly.

He can always store his bitcoin for the moment in noncustodial wallets.
I am positive that sooner or later, his government will change their stance towards the bitcoin market.
Upon searching the Nagad website, I assume the OP is from Bangladesh.
However, as you said, they can use binance to convert their crypto to their fiat, Bangladeshi (BDT).
But with more and more countries accepting crypto, I believe this country will loosen their approach towards crypto.
There are also a lot of Bangladeshis here in the forum, it means, they have their means of using crypto or converting crypto to their fiat.

loopes

sr. member

Activity: 952

Merit: 323

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

In my point of view, you can still invest in bitcoin as long as you invest bitcoin in foreign platform. Buy and store your bitcoin on a platform which is not tracked by your finance regulator of your country. Then when you want to sell your bitcoin, you can sell it on b*nance (as one of the largest trading platform) or any trading platform which supports a withdrawal into USD or into your FIAT directly.

teosanru

hero member

Activity: 2114

Merit: 619

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

Bangladesh has strict ban on virtual currencies. They don't have a separate law on this but these things are covered under the Money laundering act itself so anyone involved in transacting in cryptos can be very well charged under money Laundering laws and sent to Jail. I feel to some extent it's scary to keep bitcoin while your government has clearly banned it. I would atleast try to keep it in places where they can't be attached to my identity.

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

Quote from: Porfirii on June 10, 2023, 04:02:15 AM

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

First of all, don't let your neurosis get over you. I don't know the sanctions you could face in your country for holding Bitcoin, so I don't fully understand the seriousness of the matter, but getting caught is more difficult than it looks so try to be tidy, learn coin control, and when the time comes and your country lifts the ban maybe you can sell and live a dear life.

I don't see reason why any one should continue to use something that is ban, Bitcoin bitcoin is exception since no. One can trace your bitcoin is it held in a non custodial wallet where only you have access and can operate the wallet, unlike the other ways where your bitcoin are held on an exchange this is something that is risky and can lead to possible sanctioning from the authority since the exchange are centralized and for you to operate an account with them you need to go through verification which mandates you to provides IDs and other personal data for verifications.

So it is left for the individual to choose from where. He's holding the coins to keep them out of government readers.

Nrcewker

copper member

Activity: 2268

Merit: 539

DGbet.fun - Crypto Sportsbook

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

Not only in your country, in many other country also, Bitcoins are banned, but still they are using Bitcoin due to it's various advantages above banking systems. They are able to use it without any hassle, because Bitcoins are decentralized in nature, that is no other person, excluding the owner itself can know how many Bitcoins the owner is holding. If you don't say anyone about your investments, then you are safe from your government. Moreover if exchanges are also banned, then do P2P deals in order to buy or sell the coins.

Kemarit

legendary

Activity: 3080

Merit: 1353

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

So sorry to hear that your country is turning into anti-bitcoin. So I guess you being a bitcoiner might take a lot of risk of buying it. Why not get a wallet though that you have total control? maybe a hardware wallet will do or even Electrum to some extend.

But then again, it's the question on how strict your government is, I don't know what the punishment will be if they every caught you with bitcoin. But if you are willing and knows how to hide your track then the risk might be worth, IMHO. Best of luck to you.

Porfirii

legendary

Activity: 1932

Merit: 2354

The Alliance Of Bitcointalk Translators - ENG>SPA

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

First of all, don't let your neurosis get over you. I don't know the sanctions you could face in your country for holding Bitcoin, so I don't fully understand the seriousness of the matter, but getting caught is more difficult than it looks so try to be tidy, learn coin control, and when the time comes and your country lifts the ban maybe you can sell and live a dear life.

libert19

hero member

Activity: 2520

Merit: 952

In India too, RBI banned banks from giving services to people involved in cryptocurrency, so people went to p2p exchanges, it did increase the scams but what choice did they have?

Unless your main source of income is cryptocurrency, refrain from converting funds into fiat and hold your funds in non-custodial & secure wallets (non-custodial doesn't always mean secure, look in case of atomic wallet).

avp2306

sr. member

Activity: 1022

Merit: 363

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

To save you up from any trouble better to follow what government order to you or to their citizens since its not really worth it to continue using it while there are so many obstacle that preventing you to use it. For now its better to quit since being penalize by law and got a bad record is so really bad.

Just came back when bitcoin is legal to use in your country but for now take a rest for using it and find another investment alternative.

Marvell1

legendary

Activity: 2408

Merit: 1102

Leading Crypto Sports Betting & Casino Platform

Quote from: usekevin on June 09, 2023, 02:43:48 PM

Bitcoin is the digital currency and had a capacity to replace the bank system.So many countries government was fear about the crypto currency and bitcoin.

I don't mean to go to war, but how will bitcoin replace the banking system? Bitcoin is just a speculative asset, an alternative currency, while a bank is an institution that provides us with many different services. Maybe many people will choose bitcoin as a store of wealth rather than a bank, but besides that, bitcoin does not provide insurance, mortgage loans, loans ... so saying it replaces banks is entirely incorrect. Some governments still ban bitcoin for various reasons, not entirely because they fear it will replace banking. If bitcoin can replace banking or is a real threat, other countries will not legalize bitcoin.

OcTradism

hero member

Activity: 1722

Merit: 801

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin.

You can use decentralized exchanges, peer to peer like Bisq, RoboSats.

More exchanges without KYC.
https://kycnot.me/

Your fear and demand are for cash so you can bookmark this page https://kycnot.me/?cash=on

fredericktaylor

member

Activity: 97

Merit: 31

In passing years, Bitcoin has gained popularity as a digital currency and a investment platform. The caveats are that everyone needs to acquire enough knowledge about investing in Bitcoin. It is popular for its high volatility. It can go up and down a lot in a short period of time so investing here can lead to loss or profit. The state does not legally allow Bitcoin banking. Investors may face a variety of manipulation, fraud or other risks.Individuals who are involved in Bitcoin investment should acquire sufficient knowledge about all the risks of Bitcoin. Think before investing in cryptocurrency and be aware of all its risks before investing.

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

If simply owning it is already prohibited, I would cease buying Bitcoin in order to ensure the safety of my family and myself. Even though there are still various ways to access it, the government will certainly not remain idle. The government will create several layers of difficulty for Bitcoin holders with the intention of deterring them from any further involvement with Bitcoin. Typically, the initial impact is the inability to convert it into local currency. Thus, users must sell it using global currency in a manner that is certainly not easy.

Waiting until the regulations become slightly more relaxed is the best choice, rather than risking what we have purchased. No need to force it, there are still plenty of other income sources that also have great potential, just like Bitcoin.

BenCodie

legendary

Activity: 1666

Merit: 1037

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

When greed is rampant throughout the markets - Do not buy, and assess the time to sell.

When fear is rampant throughout the markets - Buy.

Inexperienced market participants will sell when things like this happen, and also amongst the binance/sec battle, I can only imagine that there is a lot of local and global fear for Bitcoin...
but does that mean Bitcoin is going to 0 and will never recover again? Definitely not.

News expires quickly. Don't let it effect your decision making. Bitcoin dipped? That's an opportunity, take it!

Poker Player

legendary

Activity: 1372

Merit: 2017

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country.

Is it just about Bitcoin or about cryptocurrencies in general? I've searched the web but couldn't find any links to the campaign. Normally what happens is that Bitcoin and cryptocurrencies are put in the same category, and as there are many crypto scams, they try to warn the population about it. Those who know about the subject know that the Bitcoin that you keep with your private keys has nothing to do with buying some shitcoin or token because you have heard it from some youtuber.

DanWalker

hero member

Activity: 1960

Merit: 547

Vave.com - Crypto Casino

Quote from: Beparanf on June 09, 2023, 12:37:52 PM

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

How do you keep investing on Bitcoin while your country banned using it? What platform you are using to purchase Bitcoin because this is so scary if I’m on your shoe since your bank transaction is can be tracked. A simple tip to the authorities by someone that has a grudge to you can make your life miserable.

I suggest to stop investing for a while and let the news be cold because your government might be active on catching guys like you for involving banks to do a movement like this. Bitcoin will never gonna die. You can always invest when the smoke is clear in your country. Don’t trade your security over an online investment.

It's not so hard that he has to stop investing in bitcoin, as long as he is careful, no one will be able to find out that he is investing in bitcoin. My country's banks also forbid buying and selling bitcoin or anything related to cryptocurrencies. So we have a solution that when the transaction of money transfer content has absolutely nothing to do with crypto, the bank will not catch errors or detect you. As for countries banning cryptocurrencies, we can still access regular online exchanges without problems. But it's better like you said, he should let things settle down, don't invest more at this time to avoid unnecessary troubles.

gunhell16

hero member

Activity: 1666

Merit: 453

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

If I am not mistaken NAGAD is now classified as NBFI in the country of Bangladesh, correct? In addition to what you say, it seems like a very difficult situation that you who are in a country that bans Bitcoin are limited in what you do and it is for sure that you do it secretly as well.

Is there a fine like that when it is known that you are saving Bitcoin? I understand your belief in Bitcoin, but of course, you still need to be careful, right? But even so, maybe the best way is to use a VPN.

lionheart78

legendary

Activity: 2954

Merit: 1153

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

If you don't want to get into trouble in the future, it is either to keep your Bitcoin involvement really hidden or disengage with Bitcoin investment. I would choose to keep my Bitcoin involvement hidden because no one will know until we told them that we are engaged in Bitcoin investment. Also, you must avoid centralized exchanges in selling or buying your Bitcoin because you will be traced by the government if the exchange decided to cooperate with the government. Use p2p when trading if possible. Or wait until your government legalized Bitcoin, or move to Bitcoin friendly country if you are capable.

panganib999

hero member

Activity: 1750

Merit: 589

I mean, let them. Are you willing to get incarcerated for bitcoin? Do you think fighting for bitcoin's rights to be accessed by the people will get you some sort of Edward Snowden type of fame? No. So in that regard, don't risk anything that may put you in the bad side of the law. Is it important that we let everyone know of bitcoin and its wonders as early as now? I don't think so. Thing is, a smear campaign only works if the people you're telling it to are already using that product. With Bitcoin being the center of this slander, presumably not a lot of people will catch the drift of this campaign. More so, this will just become a fleeting memory to many, especially when a new All-Time-High happens, or a bull run for that matter.

So what should you do? Don't stress about it.

Zaguru12

hero member

Activity: 868

Merit: 952

Quote from: Beparanf on June 09, 2023, 12:37:52 PM

How do you keep investing on Bitcoin while your country banned using it? What platform you are using to purchase Bitcoin because this is so scary if I’m on your shoe since your bank transaction is can be tracked. A simple tip to the authorities by someone that has a grudge to you can make your life miserable.

I suggest to stop investing for a while and let the news be cold because your government might be active on catching guys like you for involving banks to do a movement like this. Bitcoin will never gonna die. You can always invest when the smoke is clear in your country. Don’t trade your security over an online investment.

There are countries that actually banned cryptocurrencies and the citizens find a way to buy and sell bitcoin without using the bank. Most of these people use the P2P method and if the exchange is centralized then it will be hard to get the person. But if we look most of these exchanges that offers these services in countries like this are centralized. Advice to the OP aside going totally decentralized and private about cryptocurrency is to also find a way to take his money from all these banks he once used for the transactions involved in cryptocurrency, because the government could freeze all funds in these banks even if it is not used for cryptocurrency transactions again

Hyphen(-)

hero member

Activity: 994

Merit: 744

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

I don't know what we should do at this point.

I recommend that you go entirely decentralized.
With the current scenario in your country, I am confident the government will be following all Bitcoin transactions they can track for individuals using local exchanges, thus selling your Bitcoin is not the option at this time.

If you can't find any p2p sellers near you, I recommend using a Bitcoin mixer to stay anonymous and then send your Bitcoin to a decentralized Bitcoin wallet like electrum in order to be free and keep holding your Bitcoin.

someone703

full member

Activity: 944

Merit: 101

PredX - AI-Powered Prediction Market

If you feel that the current policies and risks associated with the use of Bitcoin in your country are substantial, you should avoid engaging in such activities for your own peace of mind and compliance with laws. Each individual's situation is unique, and you must ultimately make a decision based on your own assessment of the risks and legal implications. If you believe that refraining from Bitcoin-related activities is the best course of action under the circumstances, it is important to trust your judgment and prioritize your personal health. So stick to the decision that suits your own comfort level and prioritize your safety and compliance with the law.

usekevin

hero member

Activity: 2324

Merit: 562

DGbet.fun - Crypto Sportsbook

Bitcoin is the digital currency and had a capacity to replace the bank system.So many countries government was fear about the crypto currency and bitcoin.Specially the developing countries had target the bitcoin market to avoid of their citizens to involve in crypto currency.Because they want their citizens to inverse in government stock as compared to the crypto currency.Since some developing countries allowed the bitcoin by trying to grow along with the technology.

Odusko

hero member

Activity: 1008

Merit: 520

Leading Crypto Sports Betting & Casino Platform

This is a serious offence if the country already ban bitcoin, we have different country with their various laws and policies as regards to Bitcoin we have some countries like China that have strict laws in the banned of Bitcoin and other cryptocurrencies so if you living in a country like that, all you can do is to hold your bitcoin in privacy and avoid any possible trace to your bank account and other personal traceable means. Alot of things have gone wrong with the way some government perception about decentralized financing and this have made them to take drastic actions against ownership and usage of cryptocurrencies but the truth is that they can't stop its inflow.

jossiel

hero member

Activity: 3150

Merit: 636

DGbet.fun - Crypto Sportsbook

You don't have to pressure yourself, if you're scared of the policies concerning you then just don't do it.

Because you'll never know the people that surrounds you and knows you will report it to the authorities that you're using something illegal in your country and that's Bitcoin.

You can secure yourself by just avoiding it as of the moment and until the government changes these policies then that will remove your worry. But as of now, just do what you think is right.

Ojima-ojo

hero member

Activity: 910

Merit: 507

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

If i own tons of Bitcoin is my cold wallet it means untraceable assets unless I exposed myself by holding your Bitcoin in a centralized custodial wallet, it makes more sense since we are familiar with the privacy feature of Bitcoin and how its decentralization makes it impossible to be traced.

So my advice is that if you are from a country that banned Bitcoin in every form, then you need to be more decentralized in your Bitcoin approach and have everything well planned out.

avikz

legendary

Activity: 3080

Merit: 1500

If everything related to cryptocurrency is banned in your country and if you are still holding some cryptos, you are already standing against the law. Ensure you so not speak about it in public domain.

Banking and financial services companies will always try to paint a negative picture of cryptocurrency in front of the general public. I have faced it in my country as well when we did not have a clear picture of the regulatory framework. But thankfully it is not fully banned in my country. So keep holding your bitcoin but in silence.

Beparanf

hero member

Activity: 2954

Merit: 796

Quote from: Fuso.hp on June 09, 2023, 12:26:59 PM

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

How do you keep investing on Bitcoin while your country banned using it? What platform you are using to purchase Bitcoin because this is so scary if I’m on your shoe since your bank transaction is can be tracked. A simple tip to the authorities by someone that has a grudge to you can make your life miserable.

I suggest to stop investing for a while and let the news be cold because your government might be active on catching guys like you for involving banks to do a movement like this. Bitcoin will never gonna die. You can always invest when the smoke is clear in your country. Don’t trade your security over an online investment.

Fuso.hp

sr. member

Activity: 490

Merit: 294

Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.
I don't know what we should do at this point.

Topic: Cautionary campaign about Bitcoin (Read 265 times)