My country banned bitcoin. What I can do ? - page 9.

Momoamzad

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Quote from: Farhan786 on May 20, 2018, 03:30:16 PM

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.

You can hold them for a long term . I hope authority will understand the value of bitcoin very soon. You just do your work.

missyqt29

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Quote from: Farhan786 on May 20, 2018, 03:30:16 PM

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.

This is very unfortunate because those businesses in that country won't be able to adapt to cryptocurrencies. This will reflect on the demand in that area and will slow down the growth of this innovation. I hope that your government will rethink about this. Cryptocurrency is not meant to allow illegal transactions but to create a better monetary system that the banks have suppressed in many other places in the world.

Ad Baculum

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Quote

author=Farhan786 link=topic=4047518.msg37958974#msg37958974 date=1526844616
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.

How did the government of Bangladesh banned something that is decentralized? Did they banned the websites for cryptocurrencies?? If they did, you can always virtual private networks to access those sites. I am pretty sure that they cannot trace you back unless you publicize your connection to bitcoin. But the sad part here is that local establishments and industries will not able to operate through bitcoin and it lessens the demand in that country.

among

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Quote from: Farhan786 on May 20, 2018, 03:30:16 PM

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.

you can invest in cryptocurrency , your country can't trace you or any other individual because your money is on the blockchain and it is untraceable, i mean they can't see who owns that money and more than that you can avoid purchasing with your bank credits cards for not getting in troubles. so there're escrows or P2P transactions between individuals, you can visit https://localbitcoins.com and i case you don't have money to invest you can join bounties programs they usually pay huge bonuses and tokens for doing tasks for their ICO.

Wiwendefak

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You should first discover why it is restricted. May be you can even now get to online trades and manage it without the administration knowing. Quit managing nearby bitcoin dealers and spotlight on outside exchanges.

rolls89

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Leaving your country just because Bitcoin is banned doesn't seem a sane thought.You can still use foreign wallets and transfer your coins through Paypal etc.

Fretcy

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The very simplest and easiest option for you guys, where the government goes against bitcoins I would simply say to get out of your home country and explore the places where bitcoins are considered as a good digital currency which can used for purchasing of goods and services and can also be used as a good investment option as the price of bitcoins keeps on increasing every year it has proved to be in the asset class. But the prices keeps on varying like in any financial markets.

olegblinov86

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Of course this is a big problem for you if you earn with bitcoin. But you can move to another country. I would have.

Toraokun

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Sadly you can do anything to your government with their authority, but it will be good if you know reason why they banned bitcoin in first place, if you really want still using bitcoin, i though the only one way is leaving your country.

Elerntta

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I think that then your bitcoin activity will be illegal and you may have problems. I wouldn't risk it if I were you.

qero

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And I think that growth will be, with what, very soon and it will be how fast that no one, will not have time to buy at a normal price, but will whine that they have sold cheap!

nz_sana

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It’s painful but true that some country has their own reason for banned it. Though the world changed every day & hope one-day bitcoin should be global but now it’s important how to use bitcoin. If your government has prohibited issue about this bitcoin you can use it anyway. If you can’t go on bitcoin sites then can use VPN. Remember that as the government prohibited it so you should make the transaction via social networks such as Facebook, whats app, telegram or any other.

rickyNmorty

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Investor

Quote from: ClaytonLWils on May 20, 2018, 04:16:20 PM

You better contact with the govt authority to know the reason clearly. They might restrict it to set laws. If it is for setting laws you should wait till the approval of transaction by following the laws.

Better to asked that to jump into foolish conclusions, as we all know bitcoin has potentials and that was the thing that other countries (who banned bitcoin) did not realized. At the same time bitcoin has many advantages when using it, you can get al ot of perks of you started using bitcoin. Maybe those countries (that banned bitcoin) needed to be enlightened to what bitcoin can give to the economy.

davidka

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You should know all about the laws before entering into this market, you should also check through your sources are using banned bitcoin or just exploit and convert it into fiat through the bank . Like most of us think bitcoin is forbidden to use in China but in fact only banks and institutions are prohibited from using others freely available.

Raline

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maybe you should leave the country and sell your Bitcoin assets in a country that does not prohibit Bitcoin, at least you do not lose money by traveling to other countries in order to get or run your assets

Hotrod_88

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Quote from: Wahyud11 on May 20, 2018, 04:02:21 PM

See why bitcoin is prohibited
if it is prohibited for reasons that could harm the country
then I will abide by the rules of government, but if bitcoin benefit the country but bitcoin is prohibited I clearly disagree

Searched why bitcoin has been banned in your country. and if you already knew why, then find other solution for you to continue using the bitcoin; if and only if there's no other way then you should asked a friend or family from another country to work it for you.

DanielMullagh

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if your country bans bitcoin, I think it is so hard to get tokens as something related to crypto.

capableuwa1

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Categorically, this is so sad to hear and it is a serious subject of concern. Bitcoin banned in your country is absolutely not fair. But what i think you should do at this moment is to carefully keep those Bitcoin in your wallet respectively and wait for better days to come when the bodies and Government will reconsider and uplift the banned so that you will have the legitimate right to trade with Bitcoin or if possible relocate to any neighboring that does not have any rules against Bitcoin.

yesyoupump

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Hold you bitcoin waiting something changes because I think all Countries will adapt own laws to the new crypto technology.

ys fs

newbie

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if I obviously would not agree if it would benefit one party, as beneficial to the individual but not profitable to others, but if the same will explain will agree, but the problem now is not regulated by the government of bitcoin ...

Topic: My country banned bitcoin. What I can do ? - page 9. (Read 3973 times)