Topic: My country banned bitcoin. What I can do ? - page 18. (Read 3988 times)

As far as I know, no one can track whether you are engaged in cryptocurrency or not.  So there's no need to worry.

If your country has banned bitcoin you can only sympathize. To go against the country is extremely stupid, as law enforcement agencies can apply various measures of responsibility. You can move to another country.

The first thing is that you must see what exactly the clause under which bitcoin is banned is. Is there a way by which you can practice your bitcoin trading or investment? If you already own BTC then simply store it in your external wallet. It is important that you obey your country’s laws and even go a step further in discussing the issue with authorities if you can. Otherwise, you may have to move to a neighboring country where BTC is legal and make your transactions. Or you may take aid of a friend or a close relative in another country where BTC is legal.

You can contribute by studying markets and making right investments as a day trader through your trusted aides abroad. If you wish to devote all your energy in bitcoin then the best option would be trying to move to a country where BTC is legal. This is very essential because we are not lucky all the time. If contributing to the BTC community is your primary goal then I would suggest you can analyze the trends and market of all cryptocurrencies. Further, you may create your own website and make videos for promoting the cause of BTC. In fact you may even start earning by this way.

With an expert approach in the crypto world and being an expert you will be certainly paid well for all your expertise and work. You can seriously consider taking up the subject of cryptocurrency when you actually earn in fiat currency. It is not bad after all. Because fiat currency will anyway exist because that is the only way in which we are now able to estimate the worth of cryptocurrency and when the time is good with legal acceptance of bitcoin in your country, you can simply plunge into action full throttle.

It is terrible, of course, that you can not engage in cryptocurrency, afraid of persecution. You need to know the root causes of the ban, why the authorities do not allow cryptocurrency and try to explain their benefits to them.

Why are you so scared? You are not committing a crime. You do not have to worry, although the use of bitcoin and ownership is prohibited by your country's government, you can still spend bitcoin online. You also do not need to seek approval from the government much less to show your bitcoin to them. Store your wallet keys and use bitcoin in a wise manner.

Where India supports bitcoin then I don't know why Banglade4sh banned it. But if you still want to use bitcoin then you may use strong premium VPN to do it. There are several countries like you, but I wish one day they will open their country for bitcoin. If bitcoin keep doing well then they can't ignore it.

Not only is your country still banned for bitcoin users, my country is just like you, so they still spread bitcoin in their country to date, if you are in criminal and that will not happen because the law does not exist for bitcoin seekers .

Relax it will all be the opposite of a few years to come, not to mention some important companies around the world enter the era of cryptocurrency. only time will answer it and make us here more successful.

There is always a way. No country can stop you from trading.
You can store your money on payoneer or paxum and withdraw them on any ATM in the world. No banks needed. India can't do anything to big exchanges like Binance, Bitfinex, Bittrex, Cryptopia etc.

it was doable but now in india  July 5 is the day when banks are supposed to terminate their relationship with all entities that deal/trade in crypto.This means, the bank accounts of cryptocurrency exchanges will be closed. The accounts of the individuals found to be trading in cryptocurrency will also be closed. Most importantly, this is not limited to banks, all entities under RBI has to follow this rule. So no wallets or payments app can help as well. there may be chance that  price may again go down due to panic of people and withdraw there funds but we can see all the coins are green hope it goes up  

And how do you want to use your bitcoins? If you want to simply store or trade them on the exchange, the state will not do anything to you.

BTC is not regulated in any country in the world so basically it's banned and we're all in the same mess. You can always do trading but getting money out of crypto is difficult but doable.

Moveout my friend xd or make a rally

If your country banned bitcoin, you cannot do anything about it, because this is the decision from the powerful person in your country and at the same time under the law, so just go with the flow.

Cryptocurrency is decentralized and no government has power over it but might be ban in your country but you still have your life to live with what you want , so having internet is all required to me and trade your coin online and when require to cash out you can always use escrow on any crypto group and get your cash by other means of transfer.

That is sad and very upsetting but if you're country banned bitcoin, there's nothing you can do except to abide your law. Wait and stay cool until your country legalize the digital money. Bitcoin is a big threat in our market that's why some countries are banning it including yours.

If you have a broad insight, everything can be done. bitcoin is a digital world, of course everyone is free, and will not be able to forbid. if in the country prohibit the sale and purchase of goods with bitcoin, you can exchange with fiat money. if bitcoins can not be exchanged with your country's currency, then you can use another exchange place with dollars. very many exchange places that you can use.

In Indonesia bitcoin no ilegal but if you buy the car, motorcycle etc with bitcoin that's illegal, so bitcoin in Indonesian legal to buy crypto and sell crypto. Right

You can't do anything aside from waiting it to regulate in your country or you can travel some country that was accepting bitcoin as another way of their payment so that you don't have to worry anything specially the use of the bitcoin.

Why are you worried about this? You don’t need to walk to a shop or a bank to make use of your bitcoin. Bitcoin is also not a physical asset which people can easily identify. Until you mention that you own bitcoin, no one will know. Keep using your bitcoin and live a low profile life hoping that one day your country will change its decision regarding bitcoin usage.