I think you should foolllwed the country that governs in the public where you are,
because the intention of that country is protect the interest of their fellowmen in the threat that may arise.
Topic: My country banned bitcoin. What I can do ? - page 21. (Read 4003 times)
If your country forbids Bitcoin, there is nothing you can do if it does not comply with the rules of the country you live in. You can not change your government's decision and you must follow your government. and you can still use your ownership in another country, traveling and converting your bitcoin into fiat money.
If the government bans Bitcoins it doesn't mean that you should stop investing in the cryptocurrency but rather, it means you can't use Bitcoins as a mode of payment in that specific country. Just continue to invest and am sure when you are ready to cash out there are lots of exchanges.
no country can complete the prohibition of bitcoin . bitcoin can be freely circulated in the world through the internet . in your country , you don't need bitcoin to buy items . you can store bitcoin on foreign exchanges . you can still profit from waiting for bitcoin to appreciate .
Don't be afraid, if your country banned it one thing I say only wait for unbanned this currency if you feel there is no chance to long time.don't worry about that you have convert this other country where it's not banned international market open. you can change it through Internet please.
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 there is a possibility to move to a country where cryptocurrency is allowed. Well, or unlawful means there is no other options. My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
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 think that it has no problem if you do small business but you should do it in private (do not talk to anyone and never public your personal information) and be carefull when exchange bitcoin or altcoins for real money. My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
If that happened that bitcoin banned in my country i guess nothing i can do at that time we cannot change the law of our country if they change it i guess it is a long process it takes long time, also i wanna do is to move to another country that bitcoin is free.
That is the best thing to do if you find out that your country banned bitcoin or change the law in terms of cryptocurrencies and forbids it. Moving out from your current country and moving to another country where they don't ban cryptocurrencies is such a great move because you will not have the stress that you have and you can freely use and work in bitcoin without having issues with the laws.
If that happened that bitcoin banned in my country i guess nothing i can do at that time we cannot change the law of our country if they change it i guess it is a long process it takes long time, also i wanna do is to move to another country that bitcoin is free.
Nothing we can do with that maybe ? this is why some country banned bitcoin i am glad that my country is crypto friendly .
maybe you should ask your goverment why they banned it .
maybe you should ask your goverment why they banned it .
If your country forbids Bitcoin, there is nothing you can do if it does not comply with the rules of the country you live in. You can not change your government's decision and you must follow your government. and you can still use your ownership in another country, traveling and converting your bitcoin into fiat money.
in my country pum also experienced the same thing, the government and banks prohibit everyone to ban bitcoin as a legal buying and selling tool, Perhaps the government will reconsider when knowing how many people are against his decision.
I think Maybe they have strong evidence about illegal activity or transactions in Bitcoin and they do not want your country involved. and for whatever reason your State has, you can do nothing but obey. and hope that one day they will not ban Bitcoin anymore.
Maybe your country received a lot of negative feedback about Bitcoin and they just protect every citizen in it.
Well, on my opinion on that situation is to continue work here in crypto currency community and just be attentive on your surroundings since bitcoin banned on your place.ou can carry on your bitcoin related activities as usual.
If Bitcoin is banned in your country then you do not have to worry. First of all, you turn your coin into cash, first. So that you do not have any damage After that your country will not make Bitcoin valid. Until then you have to follow the law of your country. As time goes by, your country will accept Bitcoin as legitimate.
I think that the best solution is to migrate to such country where bitcoin is legal and you are allowed to use bitcoin, because a lot of countries are there for example Japan where you can openly use bitcoin for everything for which you are using your fiat currency, and when your country allow you to start using bitcoin or remove ban from it then you can come back to your 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.
I do not think you need to be bothered. Bitcoin as we all know is decentralized meaning it can still operate freely away from government.
There are always few backdoors to use Bitcoin, even if it's banned in your country so you should not give up. The Bangladeshi community is not small and I'm sure that you guys have already few good workaround methods to continue trading crypto. Always be careful tho, because you know that if it's banned, the government can put you in jail for this.
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.
Maybe you can go to other country in asia that is really supporting bitcoin like japan and philippines, and for me if you really love bitcoin and other cryptocurrency you will not allowed that this oppurtunity will go. My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
Ban here also but we are dealing in it as it cannot show your identity and its all anonymous and I guess its the best advantage of this technology.
Theres some country prohibits the use of bitcoin because they use it for illegal transactions. If your country banned it, you can wait until your country terminate the banning of bitcoin. Or you can go outside country and live there where bitcoin is legal.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.
Bitcoins being a global currency, is still valid and legal in other parts of the world. It will be traded on different exchanges. Till any major country like USA or China ban Bitcoins, the price of Bitcoins will not be effected much. This will open a new underground market for Bitcoins in your country. People will illegally trade in Bitcoins as they still hold value in international markets.
If your country ban Bitcoins, then it will be illegal to trade in Bitcoins. You would not be able to buy or sell anything using Bitcoins legally.But Bitcoins being a global currency, is still valid and legal in other parts of the world. It will be traded on different exchanges. Till any major country like USA or China ban Bitcoins, the price of Bitcoins will not be effected much.
This will open a new underground market for Bitcoins in your country. People will illegally trade in Bitcoins as they still hold value in international markets.Some will trade them for local currencies. Some will go to a new currency and trade them for their currency. Some will keep on holding them for the change in government policies.
This will open a new underground market for Bitcoins in your country. People will illegally trade in Bitcoins as they still hold value in international markets.Some will trade them for local currencies. Some will go to a new currency and trade them for their currency. Some will keep on holding them for the change in government policies.
Jump to: