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Topic: My country banned bitcoin. What I can do ? - page 31. (Read 4006 times)

newbie
Activity: 41
Merit: 0
If you are investing  big amount in crypto, you may consider shifting to a new country. If you were investing just small amounts, you can leave crypto and try other investment options like stocks.
newbie
Activity: 119
Merit: 0
If my country banned bitcoin im going to do is just to follow the rules on what government decesions according to the laws .we had no choice if the president decided to banned in my country and just wait for the result someday.
hero member
Activity: 790
Merit: 505
If that's the case what you can do is move to a country that provides the legal acceptance of bitcoin. Or else find trusted friends around the world and make your needs fulfilled through them as your country won't accept any kind of transaction happening related to bitcoin.

This is exactly what I was thinking.

I know a few people from China and other countries who have their relatives do the "selling" of bitcoin overseas and wire the FIAT back to them.
newbie
Activity: 154
Merit: 0
I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.
If your country banned bitcoin and cryptocurrency you have nothing to do with that I do not know if trading is included in the prohibitions in your country If not lucky for you. You can still have bitcoin and cryptocurrency thru trading.
newbie
Activity: 77
Merit: 0
The biggest problem is the adoption process will take longer and the government usually does not cancel previous decisions.If you really need to transact with Bitcoin, then you move from country to country that house Cryptocurrancy.
sr. member
Activity: 914
Merit: 252
Bitcoin is anonymous, so government banning it wouldn't create any problem for you, as bitcoin has nothing to do with the government. You can carry on your bitcoin related activities as usual.

Bitcoin is not 100% anonymous. With some effort, the law enforcement agencies can trace your Bitcoin transactions back to you (which they normally don't do as long as you stay away from drugs or arms smuggling). Also, converting your BTC to fiat cash can expose your identity.
newbie
Activity: 238
Merit: 0

Bitcoins are banned in some countries. But that certainly does not affect the technology of blockchan electronic money
 Grin Grin Grin Grin
newbie
Activity: 25
Merit: 0
That's unfortunate. I read news saying that the police actively hunt down bitcoin traders. I guess you have to safely store your assets, and maybe try to move to another place
newbie
Activity: 182
Merit: 0
On the off chance that there's an official choice from your administration then you don't have anything to do with that. You can't change the choice of your legislature and you should take after your administration however the fortunate thing about digital money is that, you can at present utilize your possessions in different nations, travel and change over your bitcoin into fiat cash.
newbie
Activity: 26
Merit: 0
If cryptocurrency is banned in your country then you can't do anything.That opinion I have hopefully can help you, because in the end the last decision in your own hand.
sr. member
Activity: 328
Merit: 250
I love bitcoin and i like blockchain technology. I am sad because my government does not accept and does not support bitcoin. I can only trade bitcoin thanks to the internet. I hope the bitcoin will be accepted so that I can use it in my daily life.
there are so many other countries whose government has also banned bitcoin in their country, but still their people continue using bitcoin, their government cannot stop them properly to stop using bitcoin, so you should also try if you can continue using bitcoin in your own country.
member
Activity: 171
Merit: 10
Streamity Decentralized cryptocurrency exchange
I love bitcoin and i like blockchain technology. I am sad because my government does not accept and does not support bitcoin. I can only trade bitcoin thanks to the internet. I hope the bitcoin will be accepted so that I can use it in my daily life.
newbie
Activity: 4
Merit: 0
Bitcoin is anonymous, so government banning it wouldn't create any problem for you, as bitcoin has nothing to do with the government. You can carry on your bitcoin related activities as usual.
newbie
Activity: 82
Merit: 0
In worst case, you will have still backup way to withdraw your investment by sending your cryptocurrency to your friend or relative, who is in crypto currency allowed country. Then simply get your money via paypal or any other third party. This worst case scenario will include third party transection fees.



I think Maybe you should check a few words more carefully before your breasts fly with anger and horror. Most of the time the 'ban' is the first.
As always there is a world of difference between banks that are prohibited from selling your Bitcoin and all the 'restrictions' that actually cover that is not even possible.
hero member
Activity: 900
Merit: 503
I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.
I heard that in Bangladesh the circulation of cryptocurrencies is still not controlled by the government.
If you act as a private person (not a legal entity) it is almost impossible to detect your activities in the shpere of blockchain (unless you tell this info to somebody).
So just don't tell anybody that you're trading crypto, use VPNs for all your roaming on the Internet and hide all your wallets, password and the like.
full member
Activity: 364
Merit: 100
I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.
Unfortunately no global action you can not do if your country's government against bitcoin. In order not to be outlawed you have to give it up.
newbie
Activity: 34
Merit: 0
If your country banned bitcoin you can leave that country and move to BTC and crypto friendly one. I don't have trust in countries banning crypto. You must consider relocation.
newbie
Activity: 126
Merit: 0
you can still do transactions outside your country. But you know that the risk is there so just be careful. Or just continue to accumulate as much bitcoin as you can and maybe one day your government will make a sudden U-turn and accepts it. An example in my country is banned using bitcoin, but it is only prohibited as a means of buying and selling transactions.



I think if bitcoin is a good source to make money to you then you should use VPN and you should not tell anyone about bitcoin. This is a suggestion for you, because, This is just what you can do now. Have a nice day.
At first, you should know why your government is taking this decision, why they ban and say bitcoin is illegal. It's totally impossible to ban bitcoins completely. You can still use bitcoin on many exchanges like any other day. But if your government takes a tough decision like if someone is caught in bitcoin trading, they will catch them, then you should stop using bitcoin. Do not take risks in your life, which your family members can abuse.
newbie
Activity: 7
Merit: 0
Regional settings may be changed on a PC to a different country of your choice on your computer.  Undecided
legendary
Activity: 3346
Merit: 1352
Leading Crypto Sports Betting & Casino Platform
First of all, you need to understand that no one can "ban" Bitcoin. The Bitcoin blockchain is completely decentralized. So unless you give your private keys to the government agents, they can't seize or transfer your coins.
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