Title: Don't panicked if bitcoin illegal in your country. Post by: Amuls on January 12, 2022, 07:13:58 PM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money.
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: hugeblack on January 13, 2022, 08:56:06 AM Violating the law is a crime, regardless of your position of that law, and therefore if the government bans Bitcoin in your country, you are legally prohibited from using those currencies.
Sometimes the government does not have a comprehensive control of cryptocurrencies, but this does not mean that it is a permission to use them, especially if a problem occurs and it is discovered that you have Bitcoins. Perhaps the best scenario would be buying and storing until it becomes legal, or traveling to another country and selling it and returning to the original country with legal currency. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Jawhead999 on January 13, 2022, 09:43:04 AM If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. 1. How can you have Bitcoin/other crypto if you not bought it? When you bought it, you need to trade with your fiat isn't?2. Which exchanges you used and does you've submit your KYC? 3. Which browser you use, are you using VPN? 4. Have you ever publiced your public key on social media or any apps? 5. Have you ever heard chainalysis? If not google it. Even you have followed all steps to hide from government, I still advice to not use Bitcoin if you live where Bitcoin is illegal because it's just like committing a crime. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: NeuroticFish on January 13, 2022, 02:02:48 PM I find the biggest problem about bitcoin being illegal in a country that one should not buy/sell bitcoin. If he does, he can get into trouble, no matter what OP tells.
However, there are ways to earn bitcoin if one has the skills and the patience. And this can be just enough. Sooner or later bitcoin will be unbanned and one can find himself quite a HODLer at that point. Of course, it needs trust and patience at super high levels. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: bitmover on January 13, 2022, 04:28:16 PM I find the biggest problem about bitcoin being illegal in a country that one should not buy/sell bitcoin. If he does, he can get into trouble, no matter what OP tells. However, there are ways to earn bitcoin if one has the skills and the patience. And this can be just enough. Sooner or later bitcoin will be unbanned and one can find himself quite a HODLer at that point. Of course, it needs trust and patience at super high levels. I agree that you should not be buying/selling bitcoin if it becomes illegal in your country. However, you can just do that elsewhere, where it is legal. One can travel abroad and spend their bitcoins there, where it is legal. Or he can just sell it in an international exchange and move the money to an bank account in another country. In the end, the only people who will suffer with BTC prohibitions are the ones who doesn't have much money or don't have the information to trade in another location. People with money and/or information will always find a legal way to buy/sell bitcoin (unless we are talking about a global prohibition of btc, which is quite unlikely to happen) Title: Re: Don't panicked if bitcoin illegal in your country. Post by: NeuroticFish on January 13, 2022, 05:37:35 PM One can travel abroad and spend their bitcoins there, where it is legal. Or he can just sell it in an international exchange and move the money to an bank account in another country. While you're right that one can travel abroad for this, most won't do it. Of course, if one is already rich in fiat, he does travel a lot and can do this, or doesn't even care much about bitcoin. But others, unless they live near the border,... not much of a chance. They may have the holidays and everything in-country. And I fear that this is the people whose life can be changed the most by bitcoin (for example by getting easier, better paid jobs over the internet - just in this case they may need to be part time or only partly paid in bitcoin) Having account in international bank or a bank abroad may not be possible or allowed everywhere. But maybe I'm wrong. And anyway, too many don't have the knowledge and means to open such an account (I expect that most banks will need the people go in person open the account, for example) I don't say that the ideas you wrote are bad. Just they may not be doable for everybody. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: SFR10 on January 13, 2022, 05:45:53 PM If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. When it comes to BTCitcoin, that's true [regardless of the fact that you should avoid using it in such situations], but that's not always the case with other cryptocurrencies: PSA: Most Stablecoins Can Be Frozen, Even in Your Own Wallets (https://bitcointalk.org/index.php?topic=5204055.0)No one can understand. I wouldn't be so sure about that if I were you [it heavily depends on how good you are at hiding/covering your tracks]!Title: Re: Don't panicked if bitcoin illegal in your country. Post by: bitmover on January 13, 2022, 07:30:39 PM Having account in international bank or a bank abroad may not be possible or allowed everywhere. But maybe I'm wrong. And anyway, too many don't have the knowledge and means to open such an account (I expect that most banks will need the people go in person open the account, for example) I don't say that the ideas you wrote are bad. Just they may not be doable for everybody. As I said, you need the money and the information. If you have a few thousand dollars to invest in the bank, you can find a bank basically anywhere. There are also some new fintechs like n26.com which allows basically anyone anywhere in the world to open an account in just a few minutes (I have an account there and I have never been to germany). However, they have restricted a few countries recently. You can check there if you need. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: TravelMug on January 14, 2022, 02:08:33 AM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. But you have to take the risk though, if your country bans crypto totally and you still transact with it, then want makes you then? crypto criminals in their eyes. So as much as we love crypto, sometimes there is a borderline clause, maybe you can get away with it a couple of times but what if the government caught you? Title: Re: Don't panicked if bitcoin illegal in your country. Post by: NeuroticFish on January 14, 2022, 08:03:49 AM As I said, you need the money and the information. I agree to that. I'll add thought that one may need some amount of luck too (i.e. to be "in the right country"). If you have a few thousand dollars to invest in the bank, you can find a bank basically anywhere. There are also some new fintechs like n26.com which allows basically anyone anywhere in the world to open an account in just a few minutes (I have an account there and I have never been to germany). However, they have restricted a few countries recently. You can check there if you need. I've just checked n26 and it normally handles a very limited number of countries (https://support.n26.com/en-eu/account-and-personal-details/opening-an-account/can-i-open-an-n26-account-in-my-country) - not even the entire Europe (for example it's not available to me). I agree that multiple such fintech companies do exist, especially in Europe, but the problems we talk about are mostly on other continents where this kind of solutions are not that common yet. Also they need to also be bitcoin friendly. And we both know that some of the countries are just prohibited from this kind of services - and it's usually the countries with the better chances to also ban the use of bitcoin. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: avikz on January 14, 2022, 04:34:05 PM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. But it will still be a felony! Definitely it's very difficult for a regulatory agency to find out who is using cryptocurrency unless you commit a very serious crime but it will still be illegal. Also if you transact small amounts in cryptocurrency, the no regulatory agency will spend their money and effort to catch you. So it all depends on what side of the law you want to stand. But yes, whatever countries are banning bitcoin now, will regret their decision few years down the line and loose the opportunities and employment it could have generated. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Madmardigan on January 15, 2022, 10:52:16 AM Just like in our country, when they heard bitcoin, they always think it's SCAM, lol.
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: YOSHIE on January 15, 2022, 01:11:03 PM In this modern world 'Ban' is a valueless word. That's the greatness of digital currencies like Bitcoin, unlike other types of fiat currencies.If, the country enforces laws prohibiting the use of fiat currency for transactions, you really can't do it, but unlike digital money, news of prohibition, mouth prohibits, you can still make transactions with crypto, no matter what the country does about the prohibition law but still transactions are smooth. Great isn't it, digital/crypto money. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: teosanru on January 15, 2022, 04:50:44 PM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. Unless you are too rich or are planning to leave for Cayman Islands you can definitely transact in Cryptocurrencies saying that you are not committing any crime. Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. But it will still be a felony! Definitely it's very difficult for a regulatory agency to find out who is using cryptocurrency unless you commit a very serious crime but it will still be illegal. Also if you transact small amounts in cryptocurrency, the no regulatory agency will spend their money and effort to catch you. So it all depends on what side of the law you want to stand. But yes, whatever countries are banning bitcoin now, will regret their decision few years down the line and loose the opportunities and employment it could have generated. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: uttoransen on January 17, 2022, 06:34:30 AM The legal or IlLegal status of bitcoin in a country changes with time. These same countries that are banning bitcoin now - might have a need to ask for funds or loans from other countries - and that donation or loan might come in bitcoins. Or better, the other countries might ask for colateral in bitcoin... wonder what the legal status of BitCoin in the same country might be then?
That said, no one needs to be on the wrong side of the law, commiting crime isn't good. It depends on the individual and their position - people with a lot of crypto assets today are even changing their countries to keep things going. 1. How can you have Bitcoin/other crypto if you not bought it? When you bought it, you need to trade with your fiat isn't? Not really, we can earn it for services. The bounties here on BitCoinTalk is a prime example of how you can earn so many kind of crypto without any paper work, kyc, fiat exchange etc. Even you have followed all steps to hide from government, I still advice to not use Bitcoin if you live where Bitcoin is illegal because it's just like committing a crime. I agree to this. However, for some - BitCoin is like fighting for freedom - it is a universal currency, a freedom from taxes, regulations or authority. This is like fighting for freedom. Lots of people went to jail when they fought a battle for freedom and this is a lot larger than that. Don't discount my above paragraph - in the future, there will be a lot of things that will be universal, the human civilization isn't that old and many more Good things are yet to come. Sooner or later bitcoin will be unbanned and one can find himself quite a HODLer at that point. Yes, this is really the main thing here. In the future the value of bitcoin will rise - and thus the sooner you can get into it is better. If one waits for their country to make it legal then surely the best time to get into BitCoin will be wasted. If you realize today that you should get into bitcoin now, that is the best time for you. The longer you wait, the higher its value will be.Just like in our country, when they heard bitcoin, they always think it's SCAM, lol. They will realize this soon as their mistake - but the price of this decision will be paid by their innocent citizens. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Gozie51 on January 17, 2022, 06:36:51 PM Violating the law is a crime, regardless of your position of that law, and therefore if the government bans Bitcoin in your country, you are legally prohibited from using those currencies. Violation of law of the land is crime true but what happens when a government official or an influential and rich person/family also violents such law to the extent that a poor person has done? You see in such cases the law is perverted. What Op is saying regarding bitcoin is that it is decentralised and affords other means to have hold on it just like the government officials can also do. It is certain that when the ban is on, the government officials don't keep to it and Sometimes the government does not have a comprehensive control of cryptocurrencies, but this does not mean that it is a permission to use them, especially if a problem occurs and it is discovered that you have Bitcoins. It is about kettle calling pot black. In Nigeria for example, the ban of bitcoin accounts with the banks does not mean there are no bitcoin trading and investment going on with the low and mighty in the country but you have to keep a careful eyes . Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Amuls on January 18, 2022, 11:46:10 AM I find the biggest problem about bitcoin being illegal in a country that one should not buy/sell bitcoin. If he does, he can get into trouble, no matter what OP tells. However, there are ways to earn bitcoin if one has the skills and the patience. And this can be just enough. Sooner or later bitcoin will be unbanned and one can find himself quite a HODLer at that point. Of course, it needs trust and patience at super high levels. I agree that you should not be buying/selling bitcoin if it becomes illegal in your country. However, you can just do that elsewhere, where it is legal. One can travel abroad and spend their bitcoins there, where it is legal. Or he can just sell it in an international exchange and move the money to an bank account in another country. In the end, the only people who will suffer with BTC prohibitions are the ones who doesn't have much money or don't have the information to trade in another location. People with money and/or information will always find a legal way to buy/sell bitcoin (unless we are talking about a global prohibition of btc, which is quite unlikely to happen) Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Mpamaegbu on January 20, 2022, 02:00:42 PM If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. I think the bolded is the one that hits several countries who've banned cryptocurrencies but can't stop their citizens from indulging in it. These governments can't stop cryptocurrency (especially Bitcoin) because of its decentralized nature. They don't know how to, except shutting down physical locations and maybe sites. They can't seize any server. China can't do that despite her hatred for Bitcoin. My country banned Bitcoin last year and made so much noise about bank account seizures. The banks closed down some accounts transacting in cryptos. Yet, our people are still transacting in cryptos. Even high placed government officials are into cryptos in my country. Come to think of it, political hypocrisy is what has kept this world this way, Africa in specifics. These political leaders ban cryptos but still trade it in secret. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: usekevin on January 20, 2022, 10:35:19 PM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. It's nothing wrong,if the cryptocurrency became a illegal one.The crypto currency had a world market ,so you can sell for your currency at good price.Even after the disappeared from your country,it's very easy to sell with paypal.If any people not able sell with good price ,use of exchanges like Localbitcoin,Localcrypto and so on. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: yhiaali3 on January 21, 2022, 05:31:32 PM Nobody can say that I find this thing legal and will do it whether the government agrees or not, everyone has to abide by the laws of the countries in which they live regardless of whether they are convinced by these laws or not.
For example here in Islamic countries gambling is legally prohibited" while it is Legal in most other countries, but there are many people in Islamic countries who like to play gambling and they say it is okay that it is good and profitable, but in practice they break the law, if they want to play gambling they have to do it in other countries that allow gambling, this is the same for Bitcoin if Banned in a country It would be against the law to buy or sell. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: mindrust on January 23, 2022, 05:34:31 AM Still you can transect bitcoin or any other crypto currencies. No one can understand. You indeed can. The problem is, there won't be any exchanges to cash your crypto out, there won't be any businesses accepting your crypto for their services, and if the government somehow detects you are into this, they'll fine you. If you keep your coins in a cold wallet and never move, yes they will never notice. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: ninis45 on March 24, 2022, 01:54:53 PM every government has rules and laws in regulating all lines of society and sometimes government policies are also influenced by politics and ruling figures including the legal and illegal bitcoin in a country and some strong reasons so far the ban on bitcoin is caused by mining and the government cannot regulate it as fiat but whatever the reason we have to follow the laws in force in a country itself,and
Still you can transect bitcoin or any other crypto currencies if it is banned, it will be difficult for us to make transactions because of the many websites/exchanges that are difficult to access because they are blocked by the government and we need friends or move to a country that provides legal/neutral lawsTitle: Re: Don't panicked if bitcoin illegal in your country. Post by: Frank5S on March 25, 2022, 07:12:23 PM Just like in our country, when they heard bitcoin, they always think it's SCAM, lol. the same as it is here :(Title: Re: Don't panicked if bitcoin illegal in your country. Post by: ajochems on March 26, 2022, 11:37:10 PM Russia had ban the crypto currency. Many country was followed same strategy of the ban. It's only reason for the dump after the 60k dollars. Now due to war effect and Swift move, Russia again using the bitcoin as the mode of the country. Mainly it using the bitcoin for the export money. When the price of bitcoin touched 60k dollars resistance. It will surely do huge pump and reached the value of 80-100k dollars.
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Anguwa on March 28, 2022, 09:18:30 PM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. One of the most crucial aspects of being a good citizen of a country, in my opinion, is to be submissive to and follow all of the country's rules and regulations, regardless of your own interests.Some countries may be able to monitor all cryptocurrency transactions carried out by their residents, therefore it's best not to use or trade cryptocurrencies or Bitcoin if it's not permitted in your country. All we have to do now is persuade the administration to accept it. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: jrrsparkles on April 10, 2022, 02:42:47 PM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. One of the most crucial aspects of being a good citizen of a country, in my opinion, is to be submissive to and follow all of the country's rules and regulations, regardless of your own interests.Some countries may be able to monitor all cryptocurrency transactions carried out by their residents, therefore it's best not to use or trade cryptocurrencies or Bitcoin if it's not permitted in your country. All we have to do now is persuade the administration to accept it. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: crypver on April 14, 2022, 08:49:29 AM Hello,
the solution is easy. A crypto owner which lives in a country with a crypto ban, has to convert his coins which he want to sell into something which is legal to sell, like gold. This gold can be sold again via bank/ach-transfer or check etc. again to receive fiat-currency. Is that simple and they are couple to services out there. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: SFR10 on April 16, 2022, 07:43:51 AM A crypto owner which lives in a country with a crypto ban, has to convert his coins which he want to sell into something which is legal to sell, like gold. The conversion part is actually one of the main problems... How can you be sure that you're not going to walk straight into a trap when you're about to sell it in exchange for gold or something else?- In other words, it's easier said than done, and I didn't even include the other issues [e.g. tracking possibilities and etc...]! Title: Re: Don't panicked if bitcoin illegal in your country. Post by: crypver on April 16, 2022, 11:57:58 AM A crypto owner which lives in a country with a crypto ban, has to convert his coins which he want to sell into something which is legal to sell, like gold. The conversion part is actually one of the main problems... How can you be sure that you're not going to walk straight into a trap when you're about to sell it in exchange for gold or something else?- In other words, it's easier said than done, and I didn't even include the other issues [e.g. tracking possibilities and etc...]! When you convert your cryptos into gold, the person who is taking your cryptos does not know who you are or about your legal situation. Maybe the exchange (platform you set up the business on) knows, but there are countless offshore exchanges out there that haven't even set up KYCs. In general: The conversion of digital Gold <->Crypto and vice versa is common due a crypto-investor can hedge out the risks of cryptos when they tumble. It's faster and more convenient than finding buyers through an exchange who have to pay for your coins by bank transfer/check etc. Some history: The idea of converting currencies in digital gold to send it to third parties is not new. The first project of this kind was e-gold.com which was even earlier in operation as Paypal. Today the idea comes up again due the hefty global inflation. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: fara_buduk on April 19, 2022, 09:07:23 PM any ban will definitely make it difficult for bitcoin and crypto users to make transactions to convert them to fiat because of government blocking of existing services and websites the only way is to convert them into gold or exchange them for dollars and send them to one of the wallets that accept dollars such as paypal with accessing websites or applications from countries that have legalized using a VPN maybe if you still can't ask for help from other people who live in other countries
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: yhiaali3 on April 20, 2022, 08:52:47 PM Yes we are just trying to make things easier, but this does not like governments who consider ease of moving and storing money a punishable crime so you can't own bitcoin in a country that doesn't allow it, you have to keep it in your wallet until it becomes legal or sell it in Another country and you bring paper money to your country, there will come a day sooner or later all governments will accept Bitcoin against their will but until that day we can do nothing illegal at the moment.
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: milewilda on April 29, 2022, 08:04:19 PM Yes we are just trying to make things easier, but this does not like governments who consider ease of moving and storing money a punishable crime so you can't own bitcoin in a country that doesn't allow it, you have to keep it in your wallet until it becomes legal or sell it in Another country and you bring paper money to your country, there will come a day sooner or later all governments will accept Bitcoin against their will but until that day we can do nothing illegal at the moment. Government would always be hating bitcoin or something that in related with anonymity and decentralization which is totally opposing on things that they do really like to see.As a citizen who do live out on a country which does restrict nor prohibit bitcoin use or crypto as a whole then you wont really be having no options or choice but to deal with it because they are the ones who do make out laws or rules which means that its better to be safe rather than make yourself caught and be fucked up. Somehow you could still deal with crypto in anonymous ways which is the pro's on dealing with it, it doesnt need any permission and you could still make out some involvement. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: ninis45 on April 29, 2022, 09:09:28 PM nothing can prevent us from making transactions but if it is illegal we will find a lot of websites related to bitcoin which will be difficult to access but this is not a reason for us to stop using it because we will look for other ways to make transactions because china repeatedly does ban but many of the residents can still do transactions in other ways
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Mr.sprin on June 02, 2022, 06:00:49 AM In my country bitcoin has not been legalized by the government but there are applications for crypto currency transactions that have been taxed for each transaction maybe this is a sign that crypto currency will be legalized by the government.
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Shadowfine17 on June 02, 2022, 01:30:34 PM Its great
Title: Re: Don't panicked if bitcoin illegal in your country. Post by: UmerIdrees on June 05, 2022, 01:48:57 PM Some countries don't allow to transect bitcoin or any other crypto currency. This is totally illegal by law in those countries. After invention of bitcoin, A great revolution happened in digital currency. world day by day going to depend on crypto currency for the demand of free currency. If any government of the country ban crypto currency, Still you can transect bitcoin or any other crypto currencies. No one can understand. In this modern world 'Ban' is a valueless word. We are not committing in crime. We just make easy to transect our money. I don't know which country you are referring to here which bans the crypto and also they will not arrest or take legal action against you if you are found involved in crypto currencies. Even though it is not ethical or possible to ban crypto, if you are caught using crypto, you will have to face the country's laws for using the illegal mode of payment. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: bittraffic on June 06, 2022, 09:45:17 AM As much as possible we want everyone to be onboard in crypto so they'd not be behind when all of the rest of the world adopts BTC.
If you are from a country that ilegalized BTC then just don't get caught because there are consequences to that. China bans Bitcoin but they didn't make it illegal for citizens to own right? Many Chinese have tons of BTC, CZ is just one. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Despairo on June 09, 2022, 01:52:26 PM If you are from a country that ilegalized BTC then just don't get caught because there are consequences to that. No you're wrong, China is ban all of usage of Bitcoin including trading or holding [1] CZ is a Chinese-Canadian person and his nationally is Canadian, so he pretty much follow the Canada laws. Canada didn't ban Bitcoin, they're just really strict about the identity of their citizens. China bans Bitcoin but they didn't make it illegal for citizens to own right? Many Chinese have tons of BTC, CZ is just one. The thing is, it's not that easy to hide from government to not get caught. Foremost if you ever submitted your identity to any services and they have any track with your IPs, device etc, they can easily know you. [1] https://www.reuters.com/world/china/china-central-bank-vows-crackdown-cryptocurrency-trading-2021-09-24/ Title: Re: Don't panicked if bitcoin illegal in your country. Post by: UmerIdrees on June 12, 2022, 05:31:06 AM If you are from a country that ilegalized BTC then just don't get caught because there are consequences to that. No you're wrong, China is ban all of usage of Bitcoin including trading or holding [1] CZ is a Chinese-Canadian person and his nationally is Canadian, so he pretty much follow the Canada laws. Canada didn't ban Bitcoin, they're just really strict about the identity of their citizens. China bans Bitcoin but they didn't make it illegal for citizens to own right? Many Chinese have tons of BTC, CZ is just one. I never believe in the ban of bitcoin and crypto by the Chinese government. They ban it every year and still bitcoin is mostly used in China. Most of the biggest exchanges and mining farms exist in china, so what is this ban all about? In fact , the Chinese publish these ban news only to create fud in the market and nothing else. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: SFR10 on June 13, 2022, 06:52:54 AM Most of the biggest exchanges and mining farms exist in china, so what is this ban all about? AFAIK, only a small number of miners are still left in China and none of their farms are out in the open [there was an article that mentioned in order to stay under the radar, they had to relocate repeatedly and build underground farms] and as for exchanges, it seems that most of them have "halted their operations (https://www.scmp.com/tech/policy/article/3142710/cryptocurrency-exchange-operators-huobi-okcoin-close-beijing)" in China.Title: Re: Don't panicked if bitcoin illegal in your country. Post by: noorman0 on June 13, 2022, 01:25:18 PM In my country bitcoin has not been legalized by the government but there are applications for crypto currency transactions that have been taxed for each transaction maybe this is a sign that crypto currency will be legalized by the government. Very strange, can you be more detailed about the tax, is it a self-report or a tax deduction directly from the application? In a normal country when you are taxed, there is a legal force that oversees and protects your transactions. Be careful of applications that act in the name of tax fees but actually dredge your assets in a dark way. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: saifalshamsiadvo on June 14, 2022, 12:09:57 PM Well said.
In the UAE the authority is thinking to validate crypto license. It's been talk of the town for a long time but still there's no concrete step. But some crypto exchange company already operating full-fledge. In case of crypto legal consultancy in UAE people can learn more from law firms who is offering free legal consultation in Dubai. Saif Al Shamsi Advocates and Legal Consultants is one them providing legal solution for crypto crimes. Visit: https://saifalshamsiadvo.com/ (https://saifalshamsiadvo.com/) ::) Title: Re: Don't panicked if bitcoin illegal in your country. Post by: Crypto2047 on June 15, 2022, 05:27:26 PM Bolivia. China. Colombia. Egypt. Indonesia. Iran. India. But still they are big cryptocurrency traders and doing cryptocurrency trading. No matter what the country does about the prohibition law but still transactions are smooth. Title: Re: Don't panicked if bitcoin illegal in your country. Post by: dansus021 on June 20, 2022, 02:59:39 AM Indonesia. i am from indonesia and yes here crypto is highly regulated but not 100 percent illegal you can still trade the bitcoin and other of crypto as asset and there is Gov department to take care of it . in here Crypto still illegal if u are using it for payment replace the fiat. if the country said illegal like indonesian back years years ago i still can withdraw throught P2P merchat and yes the price might have bigg slippage Title: Re: Don't panicked if bitcoin illegal in your country. Post by: SFR10 on June 20, 2022, 08:23:21 AM China. I have to disagree if you're implying "Chinese nationals" that are currently living in China can "easily" transact in BTCitcoin, despite imposed restrictions!~Snipped~ But still they are big cryptocurrency traders and doing cryptocurrency trading. No matter what the country does about the prohibition law but still transactions are smooth. - I wouldn't label those transactions as "smooth" if they have to go out of their way to achieve the desired result. |