In general, then there are 2 options - to accept and forget about the cryptocurrency and do something else, or change the country of residence (but this option is really radical).
Unfortunately, the opportunity to change the law in your country will not work, it is very difficult... Only hope and wait
Topic: My country banned bitcoin. What I can do ? - page 45. (Read 3973 times)
Many way to make money by bitcoin and wihdraw or bitcoin to be cash money although your country was banned bitcoin transactio, never stop to make investment and trade by bitcoin or altcoin. When you want to be your bitcoin to cash money you can use other way by convert your bitcoin to other digital money asset by convesrt to paypal or payza. You have keep and inside by bitcoin to take profit more.
It all depends on how severely the punishment is in your country. If you can go to jail for using bitcoin, then you need to leave the country. If the penalty is less serious then you need to use VPN or a proxy to work with Bitcoin
at that time i think you should sell your bitcoin and other crypto before your bitcoin and other crypto cant sell in the local market because of the banned of bitcoin, and i hope that after bitcoin banned you still can use bitcoin and other cryptocurrencies. because as i know government just block the access in bitcoin network
Country that has not banned Bitcoin term it as an illegal currency, I feel you can still invest in it, as it is a form of valuable currency that s sure to be adopted and approve globally, you migth just be limited as exchanging to your local fiat migth be difficult, But not to paic BTC is going to be used globally soon and the ban will be lifted.
Go to another country
The only thing a government can ban is to trade fiat to crypto or places that accept bitcoin/cryptocurrencies as payment, but they can't ban crypto to crypto trades or holding crypto, that's just impossible.
In my country, The central bank and monetary authority have announced that bitcoin is not a legal payment instrument. People can buy and hold bitcoin but any risks that may occur will be their own responsibility. Bitcoin is high risk and high profit and it is not regulated by the government. So in this case people must be carefully in joining this bitcoin business or btc projects.
I recommended for you change country! Have many countries where are bitcoin legal. Check information on internet. Good luck man.
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 would choose anonymizers. There are special programs that redirect your address to another country. This will additionally protect against hackers. Well, less to talk about your capital to people to avoid problems with the government My country Bangladesh.
Apologies if this is not the right place to discuss.
Thanks in advance.
If that is the case, and you are true when you said you love bitcoins, you better migrate somewhere else. It can never be YOU against your government because just like what The Clash say in their song - "I fought the law and law won".
You can use VPN and continue trading bitcoins, cash it out outside Bang.
You can use VPN and continue trading bitcoins, cash it out outside Bang.
Sad to say, when the government is now involve on making rules and regulations regarding cryptocurrencies, we cannot do anything but to obey them. We cannot oppose them because as long as we are on their jurisdiction, we should follow the rules to avoid unneccessary things. Try investing to forex rather.
I don't think it's big problem ìf Banglades, India or another country banned bitcoin will be happen to you.
Because bitcoin is anonymously so you still can own and hold it without any problem
most Gov only banned bitcoin as payment
Because bitcoin is anonymously so you still can own and hold it without any problem
most Gov only banned bitcoin as payment
Your situation is very pathetic my Guy. Actually, no one of sanity would rather advise you to flaw the Laws of your Holy land which may definitely have its reason for doing so. However, there are many ways to bail a Cat. Since Bitcoin is Decentralized and anonymous, you may earn your Bitcoin but never transact them at all in your country. Hold them probably in your cold Wallets until such Ban is lifted, or trade them in another Country entirely if by chance you travel out and transfer them to a friend's Accout where you per adventure traveled to if he is well trusted and get them traded for you. Best luck.
I can still head into bitcoin even if my country has banned bitcoin. But before doing this I have been studying the ban in my country. The government prohibits the use of bitcoin for daily payments. And I still can continue to invest in bitcoin and make a profit.
You can do investment or trading with bitcoin in online. When you get profit you can convert in your legal currency.
I like bitcoin but in my country, the government prohibits bitcoin. Bitcoin is not used in everyday transactions. I can only invest in bitcoin on the internet.
I'm just like in your position, I stay close to bitcoin/cryptocurrency and do the good side of all the effort I can do, which never harms anyone. Well, the point should be to keep the good name of bitcoin even though it's still not legal, but it would be nice if we never made the name of bitcoin being so bad, that till the government really wouldn't accept it forever.
If your country banned it in national interest you should follow all those rules. It might be possible that later your country may remove ban on cryptos so in that case you can come into the market again with your current portfolio.
That is very lamentable. I figure I don't generally comprehend what I would do in your circumstance. On the off chance that you as of now have bitcoins, I think your best approach is to put them on a frosty wallet and abandon them there. Try not to offer them or give them away on the grounds that they are unlawful. That isn't reasonable and you shoud simply conceal them. Remember that even the US, sooner or later in their history, requested their subjects to give away the entirety of their gold to the state. Very little they could do, since it's difficult to shroud gold, however that isn't the same with BTC.
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