Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Actually, there is nothing we can do if the government doesn't want to make crypto legal. But despite being legal or illegal, we will use crypto no matter what. As a matter of fact, we are currently doing that. I live in Bangladesh, and if you look it up on Google, you'll see that crypto is illegal in my country. But still, thousands of crypto users from my country are using it. Of course not in public, as it might raise a legal issue. Most of us use crypto in secrecy, and not even our neighbors or relatives know of it. 
Topic: What will you do if your country did not legalize cryptocurrency? (Read 1281 times)
December 13, 2023, 06:15:41 PM
December 13, 2023, 05:30:05 PM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
A lot of countries are still not legalizing cryptocurrency but they don't dwell with crypto investors and traders as they give freedom whatever their citizens chosen careers. So if I'm living this kind of country, I think I don't have to worry continue to access with my cryptos because the country itself is not going to kill us either. As long as we don't do crimes, then we are safe from putting in jail. 
December 13, 2023, 05:22:51 PM
This is not even a question to ask. Op does your country legalize cryptocurrency? No. So how did you manage to trade with cryptocurrency in your country that is not yet legalizing cryptocurrency. The countries that have legalized Bitcoin in the world are just few and not even up to 4 and all the rest have not legalize Bitcoin in their domains or jurisdictions. But the ones that have not legalize Bitcoin are the ones making wave in the cryptocurrency ecosystem market place. Like my country is the highest cryptocurrency marketing center in the whole Africa but our government even banned it oh. We still make wave. Bitcoin does not depend on general control but p2p.
December 13, 2023, 03:27:37 PM
What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Many countries do not want to recognize Bitcoin as a legal currency in every country, in general they say it is illegal, but other facts say, Bitcoin can still be bought and sold on exchanges operating in that country.Many cases I have seen in some countries state that Bitcoin is illegal, but the exchanges operating in that country are legal, does this indicate that the exchange pays taxes to the country, actually that is what happens, the country declares Bitcoin illegal, but they never dosaid the exchange was illegal.
For me, I don't really care if the country declares Bitcoin illegal, the important thing is that the exchange is not illegal, the country cannot control Bitcoin, so for me everything is safe.
I think declaring bitcoin illegal and declaring bitcoin an illegal currency are different. Currently, there are not too many countries that accept bitcoin as legal currency, but there are many countries that have legalized bitcoin as a commodity and asset. So people can still trade, buy and sell bitcoin on centralized exchanges, which is not so strange.
Bitcoin is gradually being recognized as an asset rather than a currency, and not many countries ban it anymore. Regarding its legalization as a currency, other than El Salvador, there is no second country.
If it turns out that my country would really be banning or wouldnt really be legalizing crypto then it is really just that fine.If its banned then there are tons of ways
for you to deal up without being that caught but of course you should be engaging things with own risks.
December 13, 2023, 03:13:36 PM
Well it will not be easy for some many people in my country if the government happens to ban Bitcoin, and is going to cause alot of havoc in my country, because alot of people depending on the Bitcoin to boost for their daily bread because there's no job vacancies in the country for the youth to engage themselves on, and the only opportunity that just come to assist in reducing the crime in the country and someone will wake up one day to abolish it will not go well in terms of my country..
But I see no reason it will be abolished because it is a legitimate online business,so what will be the reason for the government not to legalized it here for more better of my country..
That said, I am optimistic that my country will continue to support cryptocurrencies and allow them to operate freely. There are already a number of countries that have embraced cryptocurrency, and I believe that the trend will continue in the future.
But I see no reason it will be abolished because it is a legitimate online business,so what will be the reason for the government not to legalized it here for more better of my country..
That said, I am optimistic that my country will continue to support cryptocurrencies and allow them to operate freely. There are already a number of countries that have embraced cryptocurrency, and I believe that the trend will continue in the future.
December 13, 2023, 03:40:46 AM
What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Many countries do not want to recognize Bitcoin as a legal currency in every country, in general they say it is illegal, but other facts say, Bitcoin can still be bought and sold on exchanges operating in that country.Many cases I have seen in some countries state that Bitcoin is illegal, but the exchanges operating in that country are legal, does this indicate that the exchange pays taxes to the country, actually that is what happens, the country declares Bitcoin illegal, but they never dosaid the exchange was illegal.
For me, I don't really care if the country declares Bitcoin illegal, the important thing is that the exchange is not illegal, the country cannot control Bitcoin, so for me everything is safe.
I think declaring bitcoin illegal and declaring bitcoin an illegal currency are different. Currently, there are not too many countries that accept bitcoin as legal currency, but there are many countries that have legalized bitcoin as a commodity and asset. So people can still trade, buy and sell bitcoin on centralized exchanges, which is not so strange.
Bitcoin is gradually being recognized as an asset rather than a currency, and not many countries ban it anymore. Regarding its legalization as a currency, other than El Salvador, there is no second country.
December 13, 2023, 03:21:21 AM
Bitcoin is a digital currency that you can use as a medium of investment and use it for trading or you can also use bitcoins for savings. Most people usually use Bitcoin to hold their investments for a long period of time. Bitcoin is completely different from all other coins in the market and Bitcoin is a very important currency. An investor can trust or rely on Bitcoin as much as any other coin in the market but an investor can never trust as much. We have seen several promising coins that have come to the market, investors have invested in those coins, and those coins have disappeared from the market, taking all of the investors' money. There is no alternative to investing in Bitcoin when it comes to keeping your money safe.
Bitcoin is one such currency that has influence in every country in the world. Because it's made in such a way that everyone can use Bitcoin openly in countries where it's legal, but secretly in countries where it's illegal. So a coin in which you can reap huge benefits if you invest. Inflation of the money of all countries is the reason why it is becoming most dangerous to keep money in banks. So if you can invest in Bitcoin properly then surely you will find safe place.
December 10, 2023, 06:38:21 AM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Most of the countries that have issues with legalising Bitcoin have either changed their minds about it or have lost core financial institutions and golden investment opportunities. I can not stay in enviroments that do not encourage businesses to thrive, for heaven's sake, there are over 200 nations in the world and less than 2% are those considering cryptocurrency illegal.
I will gladly leave the enviroment and go to one which safely encourages transactions using cryptocurrencies.
December 08, 2023, 07:32:10 PM
It's important to note that legal and regulatory environments vary widely across countries, and the status of cryptocurrency can change over time.
December 08, 2023, 12:58:24 PM
Same scenario in my country, it is fortunate that Bitcoin is not illegal in our country. However, if they happen to ban it the same as some other countries, I have to find possible options just to continue using Bitcoin. Aside from that, all traces or any information of me using Bitcoin, promoting Bitcoin or any related to Bitcoin will not be published just to continue using it and avoid any trouble with the law.
This will be the case until the country decides to finally accept Bitcoin. If that time never comes, going to another country that legalizes Bitcoin will be the next option to make use of the invested money in Bitcoin.
There are platforms to use with no KYC and you can buy or sell bitcoin without needs of legal for Bitcoin in your nation. You must be careful that if you have issues with the trade, and trade partner, you will not be able to ask for support from police and court. You will put yourself in troubles if you do those actions in nation that considers Bitcoin and its trading is illegal.This will be the case until the country decides to finally accept Bitcoin. If that time never comes, going to another country that legalizes Bitcoin will be the next option to make use of the invested money in Bitcoin.
So to avoid issues, pick trade partners with long and good trading history, and avoid "too good to be true" offers which are often from scammers.
Sometimes I am also confused by this policy, they demand taxes on every crypto transaction but when there is a problem in crypto they are reluctant to respond, as if they are stating that crypto is not legal but are still trading in the crypto world
Lolz..., that's always most government policies for you. They will always do things that favour them. What they are after is the money they make through the levied tax. Issue concern it isn't their problem, they will rather tell you it isn't legalize in the country. Although, this isn't a good idea for any country. Tax shouldnt be paid on anything that is not legalized within any country.
December 08, 2023, 12:49:34 PM
Your country does not have to legalize it for you to be able to use it but then since it's not legal, it can't be accepted for formal transactions except amongst Bitcoin enthusiast who can transact using P2P trading as found on so many exchange platforms, you can take advantage of such exchange platforms and convert your coins into Fiat if you have got some coins in your wallet.
I think that is the best way of using your coins regardless of it been legal or not in your country of residence, legality in your country only makes it usable in the open Market but doesn't stop you from storing your wealth in Bitcoin and also further transacting in Bitcoin.
I think that is the best way of using your coins regardless of it been legal or not in your country of residence, legality in your country only makes it usable in the open Market but doesn't stop you from storing your wealth in Bitcoin and also further transacting in Bitcoin.
December 08, 2023, 10:10:05 AM
Same scenario in my country, it is fortunate that Bitcoin is not illegal in our country. However, if they happen to ban it the same as some other countries, I have to find possible options just to continue using Bitcoin. Aside from that, all traces or any information of me using Bitcoin, promoting Bitcoin or any related to Bitcoin will not be published just to continue using it and avoid any trouble with the law.
This will be the case until the country decides to finally accept Bitcoin. If that time never comes, going to another country that legalizes Bitcoin will be the next option to make use of the invested money in Bitcoin.
There are platforms to use with no KYC and you can buy or sell bitcoin without needs of legal for Bitcoin in your nation. You must be careful that if you have issues with the trade, and trade partner, you will not be able to ask for support from police and court. You will put yourself in troubles if you do those actions in nation that considers Bitcoin and its trading is illegal.This will be the case until the country decides to finally accept Bitcoin. If that time never comes, going to another country that legalizes Bitcoin will be the next option to make use of the invested money in Bitcoin.
So to avoid issues, pick trade partners with long and good trading history, and avoid "too good to be true" offers which are often from scammers.
Sometimes I am also confused by this policy, they demand taxes on every crypto transaction but when there is a problem in crypto they are reluctant to respond, as if they are stating that crypto is not legal but are still trading in the crypto world
December 08, 2023, 09:29:52 AM
What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Many countries do not want to recognize Bitcoin as a legal currency in every country, in general they say it is illegal, but other facts say, Bitcoin can still be bought and sold on exchanges operating in that country.Many cases I have seen in some countries state that Bitcoin is illegal, but the exchanges operating in that country are legal, does this indicate that the exchange pays taxes to the country, actually that is what happens, the country declares Bitcoin illegal, but they never dosaid the exchange was illegal.
For me, I don't really care if the country declares Bitcoin illegal, the important thing is that the exchange is not illegal, the country cannot control Bitcoin, so for me everything is safe.
December 08, 2023, 09:20:00 AM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Bitcoin is completely illegal in the country I live in. Even though Bitcoin is illegal in my country, still I am using Bitcoin very well from my country. I've had no problems with the bitcoin I'm using so far. As Bitcoin is not legal in my country I am converting directly to my local currency using P2P. But always working with caution to keep myself safe. Since Bitcoin is illegal in my country, I think it's best to proceed with caution.
December 08, 2023, 09:11:46 AM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Bitcoin is completely illegal in the country I live in. Even though Bitcoin is illegal in my country, still I am using Bitcoin very well from my country. I've had no problems with the bitcoin I'm using so far. As Bitcoin is not legal in my country I am converting directly to my local currency using P2P. But always working with caution to keep myself safe. Since Bitcoin is illegal in my country, I think it's best to proceed with caution.I am lucky in my country have legal any exchange local currency without have to sell trough P2P in Binance or other exchange, I think if my country make bitcoin legal transaction will be easy for transaction than using fiat currency.
December 08, 2023, 09:01:03 AM
Bitcoin is a very useful thing to many people. It has provided very good opportunities, job opportunity, trading opportunity and lots more for many people to earn money for their essentials of life. Bitcoin halving is fast approaching, giving many people hope of investment, and making reasonable profit at the end. Yet in some countries it is completely illegal. What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Bitcoin is completely illegal in the country I live in. Even though Bitcoin is illegal in my country, still I am using Bitcoin very well from my country. I've had no problems with the bitcoin I'm using so far. As Bitcoin is not legal in my country I am converting directly to my local currency using P2P. But always working with caution to keep myself safe. Since Bitcoin is illegal in my country, I think it's best to proceed with caution. 
December 08, 2023, 08:37:13 AM
Wouldn't it be easier to change countries? because if you were in a country that considers bitcoin illegal, that country is also very focused on being a dictatorial country. Is it worth living in a country like this? the answer is simple: no!
What you say may also be more appropriate to do, but you also need to research more different countries for this because there are also countries that do not legalize Bitcoin but the countries also do not prohibit their people from trading on many crypto exchanges which generally also trade Bitcoin in them. So a country like this also needs to be looked at because it doesn't bother Bitcoin users or investors who often invest in Bitcoin and if someone is in a country like that, I don't think he needs to think about moving to another country. 
December 08, 2023, 08:03:50 AM
Fortunately my country legalized Bitcoin tho is not a legal tender, now if my country never legalize Bitcoin I would still find a way to use it, since I need a currency for international cash transfer, I would find some way around to use Bitcoin, but I would not invest in it, I will immediately exchange it to local fiat in here.
You wouldn't be able to easily use or convert your Bitcoins to local fiat if the government decides to illegalize the cryptocurrency within the country and creates strict laws against those who are involved and are using the cryptocurrency within the country because you can't hide it if you are going to use your financial accounts to receive the cash that you are getting for selling your Bitcoins and authorities can easily trace where your payment is coming from and what it is for.So, one can get in trouble if they use something that is banned or illegal within their country, especially if the government is strictly against its usage. Therefore, you might think that it won't be that difficult but it's not that easy as well and you can get in trouble any time if you do that and if authorities come to know about it.
Well, if that happened, I still can exchange my crypto into PayPal and then send the fund from PayPal to my Bank Account. Tho I agree that this is a workaround and it will cost more fee. And I doubt they can tie me to any illegal activity if I already swap my crypto into PayPal fund.
December 07, 2023, 05:23:34 AM
It can be challenging when your country hasn't legalized cryptocurrencies. In such situations, focus on education and advocacy. Share knowledge about the benefits of Bitcoin and blockchain technology. Encourage discussions with local policymakers to address concerns. Explore peer-to-peer trading platforms and decentralized exchanges, ensuring compliance with local regulations. Additionally, consider joining global communities to stay connected with the crypto space. Remember, education and dialogue are powerful tools in fostering understanding and acceptance.
December 07, 2023, 05:22:48 AM
What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?
Hopefully my country is always as backwards thinking as it always and just stay in the gray as long as possible.this is quite a funny way of thinking about it
i think that my country also lacks awareness regarding bitcoin or just cryptocurrencies in general it is something that we don’t normally see being discussed in the senate or the government maybe because most people in my country are not yet well versed with bitcoin hence the government is not alarmed
Jump to: