Most of the time you just store your bitcoin and crypto money markets in a hardware wallet and you don't have to worry about anything.
Because no one can find your assets, if you're offline all the time.
Topic: What it actually meant by Ban? - page 3. (Read 728 times)
I am yet to be aware if there is any country that has banned bitcoin. What they all are doing is to regulate the use of bitcioin in their country. If eventually bitcoin is banned by any country it will amount to sabotage to trade , deal or hold bitcoin in that country.
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
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Ban is actually a direction of the government not allowing a certain things or investment to enter in the country for some reason that they think can harm their citizen.
What will happen in case of trading bitcoin in country where bitcoin is banned?
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Ban is actually a direction of the government not allowing a certain things or investment to enter in the country for some reason that they think can harm their citizen.
banned country means I think the country is prohibiting the circulation and use of bitcoin for transactions in his country because I see some countries have different rules for the finances used.
I think For now 90% of bitcoin must be exchanged to fiat currency in order to finally use it to pay for goods and services. The banning is very effective at the point of exchanging it to fiat currency.
Yes, if in the country there is an official law related to the ban of bitcoin, then he can be imprisoned. but if in the country there is no law, then the person holding the bitcoin can make an appeal.
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
What will happen in case of trading bitcoin in country where bitcoin is banned?
To make it more simple and understandable. If your country bans bitcoin then you won't be able to exchange it into cash if you needed the money for something unless you'll do it in between your friends or someone you know but if you get caught doing this, I guess there would be sanctions since it is not legalized in your country. Anything that is not legalized in your country is punishable by law if you'll be caught doing transactions that your government doesn't approve of it so better just hold your coins until the time will come that it will be legalized by your country.
Should remove the scam, that is the meaning of the board. Should do so in the big money market in this world.
Many people think that if a certain country bans Bitcoin, their citizens are selling it and not using cryptocurrencies anymore. The only problem is that it is impossible to prohibit using cryptocurrencies because they are decentralised. It would be wise to use a VPN while connecting to other nodes because the police might setup honeypot nodes which would find IP addresses of people who are using crypto.
I think ban means when the government or a particular country restrict the use, trading and exchanging of bitcoin maybe for some illegal purposes.
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
What will happen in case of trading bitcoin in country where bitcoin is banned?
If anyone asks you what kind of prison? Keep answer because gara using bitcoin, it's not sane that make the law
The same payers who accept no objection, even a third person who objected,
This is what is called madness
This question will have to be answered with reference to the legal specifications of the country in question as it may vary from country to country. Since the law can't tie any cryptocurrency wallet to you, the only thing the ban can achieve is to forbid cryptocurrency activities in the country. This means you can spend your cryptocurrency in any other country where there is no ban.
I think ban means you are not able to exchange or make transactions on your token/coins on that country so we can notice that those investors on crypto ban where not able to invest.
We need to specify what the ban is. Does the ban not allow citizens to have bitcoins? Because there are some countries that just forbid bitcoin to transact, but it allows us to have bitcoin as an asset. If the country forbids us even to ownership. Then the risk depends on the laws of the country. But I don't feel the punishment will be as bad as in jail.
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
What will happen in case of trading bitcoin in country where bitcoin is banned?
Of course that kind of matter should be handled by the law-enforcing people using their regulation about it. So the punishment depends on their regulations.
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
What will happen in case of trading bitcoin in country where bitcoin is banned?
In my country Indonesia, bitcoin is banned from doing transaction with bitcoin.
But owning bitcoin is legal, and also we have an official indonesian exchange called indodax.
So, it's just banned to be using bitcoin as a payment.
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
It depends on the state regulations set.What will happen in case of trading bitcoin in country where bitcoin is banned?
But usually, someone will not be punished for holding Bitcoin, Because Bitcoin is a digital asset as well as gold, silver etc.
Most countries forbid Bitcoin to be used as a legal means of payment.
well if you hold btc in a banned country the possibility for them to find out this is almost impossible as soon as you don`t get involved in ICO`s or other kyc required investings.
Can someone be punished or sent to jail just by holding bitcoin in banned country?
What will happen in case of trading bitcoin in country where bitcoin is banned?
Well, being banned is actually means that something is prohibited to do and that will be very restricted. It is better that we know exactly the given restrictions or rules about banning bitcoin so we can be much aware to that and we can't able to do something to violating it. But unfortunately, even it's totally banned in our country there is always a way of involving to it without the acknowledgement of the third party which is bank and government. What will happen in case of trading bitcoin in country where bitcoin is banned?
It is boycott implies you won't permitted to trade the digital money in financial balance, not been utilized to purchase things within a nation for bitcoin or alts. Other than that they can't ready to do anything to the crypto clients. In the event that you continue trading the store with the general population in your nation or neighborhood trades implies it might make an issue you.
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