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Topic: when they say crypto's are "banned" in other countries outside USA what's that? - page 2. (Read 247 times)

legendary
Activity: 3374
Merit: 1824
In my country we still don't have regulation about Bitcoin.
Just central bank issued public statement that bitcoin is not currency or financial asset.
So, I guess bitcoin is not banned officially but I worry what may happen in the future.
hero member
Activity: 2282
Merit: 532
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I too haven't encountered such issue till date, on accepted countries there isn't any issue, but with countries that don't allow if we try to do something then it'll affect the growth of the market. If VPN is used while accessing Binance and you face any issues we cannot claim it is always a varied process to request help from them and surely there'll ignorance.
jr. member
Activity: 644
Merit: 1
In my country, the legal status of cryptocurrency has not yet been determined, but deals using bitcoin and ethereum have been made more than once. And also there are no problems with any of the exchanges - I can enter and trade. But I heard that there are countries in which for any actions with cryptocurrency people can go to prison for several years (Nepal, Bangladesh, Algeria and Bolivia).
legendary
Activity: 3080
Merit: 1500
When they say countries banned these bitcoins, what happens when you log into Binance or Coinbase from the banned countrY?

No access somehow?  Why not use a VPN and access exchanges that way?Huh  or TOR browsers

Confused what it means to "ban" coins because I am in the USA.... any inputs??

I have never used Binance so wouldn't know but I am using Coinbase since a long time now. My country had declared bitcoin as "not legal tender" last year which is not very similar to banning. So till date I haven't faced any issue while using coinbase.

However, if Coinbase decides to ban traffic from my country in future, probably I will have to use VPN or TOR browser. But at the same time I will have to ensure that I do not transact very huge amount of money through them. Otherwise they might ask for kyc verification.
hero member
Activity: 2940
Merit: 627
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I haven't been into a country that banned bitcoin. But I think it depends on how knowledgeable the ministry of that country that focuses on monitoring those websites related to bitcoin/cryptocurrencies.

No access somehow?  Why not use a VPN and access exchanges that way?Huh  or TOR browsers
Yes, they can use it. I've seen some people who have been using and accessing to bitcoin/crypto sites from banned countries and I think they were using VPN.

Confused what it means to "ban" coins because I am in the USA.... any inputs??
You don't have to think of it if you are in a free country.
jr. member
Activity: 168
Merit: 2
When they say countries banned these bitcoins, what happens when you log into Binance or Coinbase from the banned countrY?

No access somehow?  Why not use a VPN and access exchanges that way?Huh  or TOR browsers

Confused what it means to "ban" coins because I am in the USA.... any inputs??
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