Topic: How can I survive in a place where BTC is restricted? - page 4. (Read 880 times)
Don't worry, top exchanges like Binance, Kucoin and so on provide withdrawal services to banks, even if we are in any country we can receive money from these top exchanges within a week of working days.
OP if you can’t survive in your place where BTC is banned, then you need to move to different country if you truly need to use Bitcoins.
Else go for elections and yourself become the President of the Country.
Moreover due to the decentralised nature of Bitcoins, it cannot be controlled by any government.
So you can keep your business with BTCs but with certain limitations.
You can use P2P transactions to buy sell Bitcoins.
And to store your Bitcoins use hardware wallet.
This will surely help to solve your problem upto certain limit.
Else go for elections and yourself become the President of the Country.
Moreover due to the decentralised nature of Bitcoins, it cannot be controlled by any government.
So you can keep your business with BTCs but with certain limitations.
You can use P2P transactions to buy sell Bitcoins.
And to store your Bitcoins use hardware wallet.
This will surely help to solve your problem upto certain limit.
~snip~
Bitcoin is not just beneficial for us neither, it is great deal for the governments as well. We could literally pay taxes from our profits and those taxes would mean a lot of money for them.Think about it, even if we paid just 1/1000 of our profit each time we profit, that would be a huge huge huge amount for a whole government because they will take it from each profitable trade made by every single citizen they have. That's going to be billions at least, use those billions to build something that will make them a profit, and they would be swimming in cash in a few years. That is at least if they use it smartly instead of just corruption and pocketing it.
If more people use bitcoin and the government can get taxes from transactions sent to local banks, that will certainly be additional income for the government. This extra income can be huge as more people join and use bitcoin and it could be that it will be one of the biggest earners for the government.
Things like these could happen if the government aren't blind about the importance of Bitcoin in our economy but in some countries, they're trying to get rid of Bitcoin because they can't regulate it which is too unfair. The government usually disagrees with anything that they couldn't handle and control so they just ban it just like Bitcoin. It's just a good thing that other countries are open to cryptocurrency adoption.
~snip~
Bitcoin is not just beneficial for us neither, it is great deal for the governments as well. We could literally pay taxes from our profits and those taxes would mean a lot of money for them.Think about it, even if we paid just 1/1000 of our profit each time we profit, that would be a huge huge huge amount for a whole government because they will take it from each profitable trade made by every single citizen they have. That's going to be billions at least, use those billions to build something that will make them a profit, and they would be swimming in cash in a few years. That is at least if they use it smartly instead of just corruption and pocketing it.
If more people use bitcoin and the government can get taxes from transactions sent to local banks, that will certainly be additional income for the government. This extra income can be huge as more people join and use bitcoin and it could be that it will be one of the biggest earners for the government.
No worries if the government ban crypto, use decentralized exchange and wallet to secure your funds and privacy. My government does not allow trading or holding crypto. But still, we survive. Using p2p or black market when we need to make it cash. So you have to do the same. Binance helps us with that for the p2p trade. Otherwise, we have no choice except to black-market though there is a risk of getting scamms.
This is the only option, and its a good thing that decentralized exchange still works on a restricted place but of course you have to very careful to avoid any problem later on. Surviving on a place where Bitcoin is banned is not easy and seriously, I can’t imagine being on that place. Just be careful always on dealing with P2P, you might already transacting with the government agent, and this can be more risky. The other option is to convert your Bitcoin in other place, though it requires a huge cost but still its worth it if we are talking big money here. 
Hopefully, every government can see the use of bitcoin for their citizens, so they will allow the use of bitcoin and legalize it. Several countries have legalized the use of bitcoin and allowed their citizens to pay for transactions using bitcoin. But with the other benefits of bitcoin as an investment tool, I don't think people will often use it as an alternative tool to make payment transactions but will store their bitcoins and sell them when the price is at its best peak.
Bitcoin is not just beneficial for us neither, it is great deal for the governments as well. We could literally pay taxes from our profits and those taxes would mean a lot of money for them.Think about it, even if we paid just 1/1000 of our profit each time we profit, that would be a huge huge huge amount for a whole government because they will take it from each profitable trade made by every single citizen they have. That's going to be billions at least, use those billions to build something that will make them a profit, and they would be swimming in cash in a few years. That is at least if they use it smartly instead of just corruption and pocketing it.
No worries if the government ban crypto, use decentralized exchange and wallet to secure your funds and privacy. My government does not allow trading or holding crypto. But still, we survive. Using p2p or black market when we need to make it cash. So you have to do the same. Binance helps us with that for the p2p trade. Otherwise, we have no choice except to black-market though there is a risk of getting scamms.
You can also so peer to peer transaction - if you have trust worthy friends.You can always get your money exchanged through them.There are also alternative sources available - you have to see - what other locals do and just get your money.
Hi, OP;
Bitcoin is revolutionary, not to be confused with anarchy, rebellious, adjectives with which they They could very well be used in those countries of your OP. But as individuals we must weigh up to what extent without harming our present as citizens we must act in relation to the existing laws in the country where we residency.
It is very easy for someone who is not in certain countries, easily to give advice abouth bitcoin has no borders, you are your own bank, etc. because they don't have the risk likely to be fined or his freedom is not at risk.
Then, you can turn-on idea revolutionary on the bitcoin issue but always stay within the laws of your country.
So if there are prohibitions, then fight against them, create proposals that are listened to, look for social organizations, give legal advice, whenever in a country that lives with restricted bitcoin you have to become a revolutionary of ideas(bitcoin).
Bitcoin is revolutionary, not to be confused with anarchy, rebellious, adjectives with which they They could very well be used in those countries of your OP. But as individuals we must weigh up to what extent without harming our present as citizens we must act in relation to the existing laws in the country where we residency.
It is very easy for someone who is not in certain countries, easily to give advice abouth bitcoin has no borders, you are your own bank, etc. because they don't have the risk likely to be fined or his freedom is not at risk.
Then, you can turn-on idea revolutionary on the bitcoin issue but always stay within the laws of your country.
So if there are prohibitions, then fight against them, create proposals that are listened to, look for social organizations, give legal advice, whenever in a country that lives with restricted bitcoin you have to become a revolutionary of ideas(bitcoin).
No worries if the government ban crypto, use decentralized exchange and wallet to secure your funds and privacy. My government does not allow trading or holding crypto. But still, we survive. Using p2p or black market when we need to make it cash. So you have to do the same. Binance helps us with that for the p2p trade. Otherwise, we have no choice except to black-market though there is a risk of getting scamms.
I also live in a country where crypto is completely banned. You get jail if you were found dealing in bitcoin or doing bitcoin mining. What I do is I transfer my bitcoin to friend living in UK and he pays me via PayPal. I am lucky that I have such an honest friend whom I never meet in real world but online. You can also try that if crypto is ban in your country.
Yes basically every country has its own policies and I'm sure it won't be easy for Bitcoin to be allowed as a means of payment worldwide,
it will always be interesting to talk about this because we know for ourselves that cryptocurrency technology is very advanced,
We'll see what the future will be like
Hopefully, every government can see the use of bitcoin for their citizens, so they will allow the use of bitcoin and legalize it. Several countries have legalized the use of bitcoin and allowed their citizens to pay for transactions using bitcoin. But with the other benefits of bitcoin as an investment tool, I don't think people will often use it as an alternative tool to make payment transactions but will store their bitcoins and sell them when the price is at its best peak. it will always be interesting to talk about this because we know for ourselves that cryptocurrency technology is very advanced,
We'll see what the future will be like
Maybe at this time many countries are banned bitcoin than officially legalized, but the Bitcoin community is developing rapidly and cannot be stopped, many big issues continue to be spread to make FUDS, but we are not worried about the future of Bitcoin despite more restricted and more banned rules.
Most businesses rely on Bitcoin for transactions. They use Bitcoin to pay for goods and services and not for investment. Hence these business would do everything possible to bypass these restrictions imposed on Bitcoin by government. Bitcoin has so much benefits that have helped businesses to overcome many barriers encountered in international trade. Like in my country their is always scarcity of dollars and accessing it would take a whole lot of time. There are also limits to bank transaction and this has made businesses to suffer. Since Bitcoin is illegal in my country, most business rely on P2P and middlemen to bypass these restriction. But the best option would be to leave these Bitcoin unfriendly nations.
But if those countries don't allow bitcoin, they won't be able to use bitcoin and only use bitcoin as an investment and not as a payment alternative. Maybe it's not time for bitcoin to be used as an alternative means of payment other than fiat because there are still restrictions in certain countries that do not recognize it as a means of payment. But if they realize the benefits of bitcoin for their business, especially the government, maybe they will try to apply it to the payment system so that people can pay using bitcoin.it will always be interesting to talk about this because we know for ourselves that cryptocurrency technology is very advanced,
We'll see what the future will be like
Except for China, which is a giant country in the field of technologies so that it is difficult to circumvent the laws, especially if the intended use is not that large, the rest of the countries that have passed legislation banning the use of cryptocurrencies, their citizens or those coming to them can resort to the black market to secure their needs of encrypted currencies or Simply use peer-to-peer platforms including Binance which is active in almost all countries of the world with some exceptions.
Personally, I will resort to the forum to ask for help, especially since there must be reliable members here who belong to those countries.
Personally, I will resort to the forum to ask for help, especially since there must be reliable members here who belong to those countries.
I believe that people that have a btc on those countries have already existed before btc came therefore they can continue doing those things again that made them survive and grow even without the help of btc. The country of china have re-allowed btc before on their country. They are the same with India and others that can ban and unban btc/crypto so there might be a chance that they will do it again.
Btc users on this country should hope and pray for it but for now they should avoid any other activity that is deemed illegal like using a vpn to access restricted btc sites because that will be a big problem if ever they got caught.
It's not going to be easy to do that though. Like for example I have been full-time crypto worker for the past 6 years or so, and that means I have been accustomed to living a certain way, mainly at home without going to work for example. If we suddenly start to consider all of those people needing to find another work, that would be hard.Btc users on this country should hope and pray for it but for now they should avoid any other activity that is deemed illegal like using a vpn to access restricted btc sites because that will be a big problem if ever they got caught.
I wouldn't be able to find any other work these days, I would stay at home and try to find a way to stay as a full time crypto worker forever, not going to be simple and would take months or even a year, but I am certain that I will get there eventually, a year of terrible works and being unemployed, but I will get there anyway, even if it's illegal, I would just find foreigners to pay me instead.
I believe that people that have a btc on those countries have already existed before btc came therefore they can continue doing those things again that made them survive and grow even without the help of btc. The country of china have re-allowed btc before on their country. They are the same with India and others that can ban and unban btc/crypto so there might be a chance that they will do it again.
Btc users on this country should hope and pray for it but for now they should avoid any other activity that is deemed illegal like using a vpn to access restricted btc sites because that will be a big problem if ever they got caught.
Btc users on this country should hope and pray for it but for now they should avoid any other activity that is deemed illegal like using a vpn to access restricted btc sites because that will be a big problem if ever they got caught.
The answer is different depending on where you live and what kind of restriction you are talking about but the most important thing about bitcoin restriction is that's not something the government can suspend is completely and the only this can mostly do is to suspend the fiat transaction related to bitcoin and other cryptocurrencies while even if they do that can still have many backup plans, for example, I know some people are using the cafe shops and do p2p changes with each other while the government will never know them cannot track what they do, also you can use the tor network and proper VPN so the government will not understand if you are visiting the bitcoin and cryptocurrency-related websites to track you and your transaction.
yeah right bro.
The pros and cons that you mention in my opinion are only the interests of the top brass in that country.
come on..the nature of bitcoin should be full freedom and privacy.if someone is a citizen in a country and he has activities.saves,sells,buys bitcoin.then what does the country lose? if you can't provide welfare, let the people seek prosperity with the assets they have. Literally the state didn't give it (bitcoin) or cultivate the like at that time. (its initial appearance) is sometimes as funny as that.
if there are several people who access the vpn or dns it is a personal right and human rights in activity.
both hobbies and rights to anything including fun with assets and investments.
I quite feel for those who live with the outrageous regulatory limitations on bitcoin.
The pros and cons that you mention in my opinion are only the interests of the top brass in that country.
come on..the nature of bitcoin should be full freedom and privacy.if someone is a citizen in a country and he has activities.saves,sells,buys bitcoin.then what does the country lose? if you can't provide welfare, let the people seek prosperity with the assets they have. Literally the state didn't give it (bitcoin) or cultivate the like at that time. (its initial appearance) is sometimes as funny as that.
if there are several people who access the vpn or dns it is a personal right and human rights in activity.
both hobbies and rights to anything including fun with assets and investments.
I quite feel for those who live with the outrageous regulatory limitations on bitcoin.
Most businesses rely on Bitcoin for transactions. They use Bitcoin to pay for goods and services and not for investment. Hence these business would do everything possible to bypass these restrictions imposed on Bitcoin by government. Bitcoin has so much benefits that have helped businesses to overcome many barriers encountered in international trade. Like in my country their is always scarcity of dollars and accessing it would take a whole lot of time. There are also limits to bank transaction and this has made businesses to suffer. Since Bitcoin is illegal in my country, most business rely on P2P and middlemen to bypass these restriction. But the best option would be to leave these Bitcoin unfriendly nations.
But if those countries don't allow bitcoin, they won't be able to use bitcoin and only use bitcoin as an investment and not as a payment alternative. Maybe it's not time for bitcoin to be used as an alternative means of payment other than fiat because there are still restrictions in certain countries that do not recognize it as a means of payment. But if they realize the benefits of bitcoin for their business, especially the government, maybe they will try to apply it to the payment system so that people can pay using bitcoin. 
While there are countries who have embraced or tolerated BTC since it's emergence in 2008, there seem to be some who are adamant about it because of its high volatility rate and the ability to conduct nefarious activities with it.
In September 2021, El Salvador became the first country to not just embrace it, but also to use it as a legal tender and where were followed by Central African Republic in April 2022. It would seem that these countries have seen the light(BTC), in this case and have held firmly.
Despite it's controversial emergence, it has managed to gain a kind of positive publicity. Countries who are strongly against it and have moved for it's ban in their nations are;
Algeria
They passed into law in 2014 and making illegal the use, buying and selling or holding of crypto currency
Bolivia
Bolivia Central Bank passed the law of the total ban of the use of crypto currency in 2014
China
On Sept 24, the Bureau of the People's Financial Consumer Rights Bank of China outrightly banned the use of BTC. https://en.m.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory
There are many more countries who have taken this step. My question now is, how do citizens who have BTC and reside in areas that are not crypto friendly cope?
In September 2021, El Salvador became the first country to not just embrace it, but also to use it as a legal tender and where were followed by Central African Republic in April 2022. It would seem that these countries have seen the light(BTC), in this case and have held firmly.
Despite it's controversial emergence, it has managed to gain a kind of positive publicity. Countries who are strongly against it and have moved for it's ban in their nations are;
Algeria
They passed into law in 2014 and making illegal the use, buying and selling or holding of crypto currency
Bolivia
Bolivia Central Bank passed the law of the total ban of the use of crypto currency in 2014
China
On Sept 24, the Bureau of the People's Financial Consumer Rights Bank of China outrightly banned the use of BTC. https://en.m.wikipedia.org/wiki/Legality_of_cryptocurrency_by_country_or_territory
There are many more countries who have taken this step. My question now is, how do citizens who have BTC and reside in areas that are not crypto friendly cope?
In China, the concept of the sovereign Internet (Golden Shield Project) operates.
However, the Chinese get around the restrictions with VPNs.
Bitcoin is too valuable an entity to pass up. States do not have the right to prohibit the free circulation of the first cryptocurrency. Bitcoin is a universal value.
The ban on bitcoin in a given country can also be bypassed using appropriate software tools.
If this is not possible, then you can go on a tourist trip to another country (where bitcoin is allowed) and make the necessary transactions there.
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