Topic: My country banned bitcoin. What I can do ? - page 11. (Read 3988 times)
It is rather unfortunate to hear this. Why will the government restrict people from bitcoin and its activities? For all I know, the government do not have any access to your account details and/or private key. Whether legitimate in your or not, i think you can still go on with your bitcoin investment provided you remains anonymous. GOOD LUCK BUDDY.
Be smarter than the country and let them know that cryptocurrency cannot be limited by any political desires, get supper VPN for all your browsers and you will be fine to go .You can then work on any cryptocurrency site without getting detected by any regulations. Well the only difficulty you will face will be when you want to liquidate some tokens but I believe that soon your leaders will the light in cryptocurrency and change their mind else they will be a backward country.
In this case, in order to further develop in this industry, you need to move to another country and do your business legally.
You can challenge the decision in court. I will suggest you to first take support of other investors and crypto exchanges in your country.
You must ask the government why they banned bitcoin, you can use vpn to use it, I don't know if it will work but you can try it, or you can live in other country. let us hope that your country will remove the ban for bitcoin.
This is sad to know that your country banned bitcoins. You should not be deterred by that and if you have enough funds to invest into cryptocurrency, look for a nearby country where bitcoin is legal and carry out your activities in that country
You can wait until your country ends the bitcoin ban. or you can go abroad and live there where bitcoin is legal. I hope bitcoin will be accepted by all countries and can use it in life.
I'm lucky to be born in a country that does not forbid us to use bitcoin. Can our government look to get this very good technology market to grow.
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.
My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
I think you need to find another place that bitcoin is not ban. Just like they said if your country ban it try to go in the other coutry and if it work that is the time that you will continue your work.
bitcoin is illegal in some countries because it can have negative impacts, fraud, threats, can not be controlled and does not provide benefits to the government. we know that the government wants to regulate all aspects of people's lives. then whether bitcoin so bad that should be banned, of course we can not see the bad side only. There are also benefits to considering why the government should legalize bitcoin. Even the people themselves feel that bitcoin has many benefits.
Since you are a holder of Bitcoin, i don't think you are prohibited as individual to invest or have Bitcoin, the only thing i know is you will not able to use Bitcoin in your Country but you can still use it digitally through mode of payments and other investments which will not harm your country because it will become your private property.
what kind of danger can be represented by bitcoin for the state?
Generally those who like bitcoin, because they think bitcoin will give them a big advantage, but I think some other investments also allow us to be able to make a profit. For that if you like bitcoin because it expects profit via bitcoin, while your country prohibits the use of bitcoin, then you should switch to other investments that can give you a profit. But if you like bitcoin, because of other factors, then I think you should understand well what your goal is for bitcoin. Because if the state has banned and we do not obey the rules against the ban, there will certainly be a legal risk that allows us to get sanctioned. Whatever it is you who know more well and correctly and the decision is your own that determine it.
You need to understand the mechanism of influence of your state. Of course, if cryptocurrency in your country are not just fines, but arrest and seizure of property, it is better to leave cryptocurrency on your purses until the best times and do not do it.
if you keep forcing Bitcoin's trade may be on the overseas exchange, such as Bittrex from USA, Binance USA, Qryptos from Singapore, Bithumb from South Korea and more.
but when you melt it may have to find friends in facebokok who accept exchange Bitcoin_FIAT Bangladesh, it is also your friend must be trusted.
but when you melt it may have to find friends in facebokok who accept exchange Bitcoin_FIAT Bangladesh, it is also your friend must be trusted.
Maybe you should use VPN so you can still use bitcoin and cryptocurrencies just research for the better VPN for your country so you can get another IP address from other country
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.
My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
That is definitely a problem but if you would only find ways to be able to continue to do transaction that would be better. VPN can be used to be able to do transaction and if you are about to encash your investments better yet find or move to other country who accepts bitcoin for you to be able to encash it and no questions asked.
Even if your country ban bitcoin. You can still earn money by joining ico projects or investing on it. Sadly for you, you cannot earn good profit in bitcoin. Bitcoin is still the crypto in the market.
You can start investing in ICO projects it is more sustainable. I have found one ICO - Socratus. I really like their concept - a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits.
I think no one can do that. Even higher government can't do anything for that. Because bitcoin is worldwide you can transact everywhere as long as you pay the transaction fee. Why people say that bitcoin is banned by this country. They don't know what bitcoin can do and what its capable and benefit.
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