Topic: My country banned bitcoin. What I can do ? - page 22. (Read 3973 times)
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.
Try to survey btc users in your country , ask why btc banned in your country . Then if they also dont know the real answer . You better ask your government , what are the reasons why they need to banned btc , although its helpfull to others .
If Bitcoin is harming your country, you should follow the rules promulgated, not the rules.
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.
Guys relax. The government is ruled by old people who still dont know what internet it and how to use it. Once they are off and new people jump in they wont be that much hate on crypto. Be patient.My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
I don't think the government in Bangladesh can do anything to track digital assets such as bitcoin so peer 2 peer still happen anywhere and it community still grow
That's unfortunate. I guess I do not really know what I would do in your situation. If you already have bitcoin, I think your best approach is to put it in a cool wallet and leave it there. Do not sell or give them just because it's illegal. That's not fair and you have to hide it.
I believe that bitcoin will eventually get global adoption, and even the countries that ban it now, will change their laws again, once the major developed countries (such as the US, Japan, Britain, etc.) start trading with BTC. Once they do that, you will be able to use your BTC again.
I believe that bitcoin will eventually get global adoption, and even the countries that ban it now, will change their laws again, once the major developed countries (such as the US, Japan, Britain, etc.) start trading with BTC. Once they do that, you will be able to use your BTC again.
You're in a bad situation, I do not know how I would do it for you. Can I offer some options?
1. Leave this country to go where the bitcoin is adopted by the government.
2. Keep the bitcoins in the long run, hoping that one day the law will change
3. Have loyal people from other countries who will collaborate with you.
Sincerely wish you success
1. Leave this country to go where the bitcoin is adopted by the government.
2. Keep the bitcoins in the long run, hoping that one day the law will change
3. Have loyal people from other countries who will collaborate with you.
Sincerely wish you success
I am from India and Bitcoin is banned all over India. I completely disagree with this ban but all I have heard is RBI is not permitting anything which does not pay import and export tax in India. But tell me one thing why pay tax to India when bitcoin is not using anything or any services from India or any other government around the world. I mean Maybe all the governments around the world will accept bitcoin if it pays tax to them but why should it even pay any tax to anyone when it is free of all the stuff. Its completely working without any government body interaction.
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.
You should send Your government a postcard. You will see soon, that You were saved from even deeper poverty, than You have there already.
From what do you have if you are working in the cryptocurrencies the first thing is freedom, you can just move to another country and continue your work there 
one friend of mine done that, but he didn't change the citizenship.
one friend of mine done that, but he didn't change the citizenship. If you just rely on crypto to earn a living and then the government forbids crypto then you will end badly. So get up and go find a major job. If the government in your country has banned bitcoin, it is possible to further prohibit the crypto of another coin.
I think finding trusted friends all over the world and keeping your needs met through them because your country will not accept any transactions that happen with bitcoin, this will be a bit safer than losing a hard investment.
I would suggest you move from that country and move to a country that provides a bitcoin legal acceptance.
If bitcoin banned your country then you can use it because no government can control the online activity and you can buy and sell bitcoin with other countries.
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.
Actually you cannot do any thing directly , staying in your country. Even if your country has banned BITCOIN you can use it because no government can control the online activity of its country member .But you will face a lot of difficulties in transactions and withdrawals.So the best option , if possible, change you country.
i dont wanna lead u against the government of your country... but another possible means u can continue carrying out transactions in the crypto world is to change the location IP of your system(laptop or PC) to a country that supports it. would be a bit of stress but if u can try that
your country has banned bitcoin and other altcoin? forbid for what? if your country is only a mereang to be a tool of financial transactions you can still make it an investment. my country has banned but I still can make it as an investment tool
If your country banned, virtual currency , you should follow it . I know it is hard to let go bitcoin or any other assets that you have but it will also be dangerous for you to continue participating in bitcoin community , knowing that bitcoin is banned on your country . Bitcoin is a form of an investment , know if you are looking for an alternative investment that is closely related to bitcoin , I suggest you to invest in stock market. Actually stock market is better than bitcoin it could really give you a passive income.
your country has banned bitcoin and other altcoin? forbid for what? if your country is only a mereang to be a tool of financial transactions you can still make it an investment. my country has banned but I still can make it as an investment tool
if your country has banned bitcoin transactions , you can save your bitcoin by keeping them into exchanges or international wallets which can exchange bitcoin to your national currency whenever you want to trade them
If the bann is not than serious,you can trade it informally,hold your altcoins ,trade then for Perfect money which you can trade for your local currency. Just do them in small bits so as not to attract suspicions. You can trade crypto for digital money on several exchanges.
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.
Does your country warn all the people who use crypto? I think they gonna do it before they do that law. So, when they warn you then it is good to sell your coin into fiat because they are strong than you and you can't do anything. If you want to continue your path then go to another country that approve bitcoin if you believe at bitcoin.
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.
All you can do for now is continue following your country in these kinds of laws or policy that are implemented in your area or territory. Safety of the life first before the money or income that you can get. Maybe if you insist, go to other countries where bitcoin or other cryptocurrencies are accepted so that you can still continue what you are doing. And if you are a super risk taker, even though your country banned it, you will still use it.
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