Bitcoin Forum

Hi Guys , So at the start of the new year , my country issued new economical rules for the country and one of those rule state that :
Dealing or owning any type of cryptocurrency that is artificial is illegal and who ever gets caught will have to pay a fine as a first warning , further prosecutions will be added depending on how this matter will develope.
So that's a great way to start 2018 huh ! Like what the actual F ! My country is a third world one , even china , russia and korea which are considered a bit conservative didn't fully make it illegal yet . But my shity country who is going only down hill and controlled by the politacal mafia bans it ?
90% of the population here don't even know what bitcoin is , hell they don't even know how to use facebook or google properly . They are still struggling with having electricity in some states here . I'm so triggered as you could tell , but i have a question !
How could they caught those who are dealing with crypto ! isn't it untraceable and decentralized ? I need logical and serious answer plz .

They can find you if you do transaction like if you convert digital money to fiat, i think they will not see you if you stock only or save your coins but still if they have rules in your country i think you should do or listen to that because in your post anyone caught will be punish right so bettet to do is find other way of earning like do business and find job in real life another thing if i experience like yours i will forget crypto then back if no problem anymore for my safety.

Well , all my buy and sell are off the books , never used the bank to do any crypto related work , i don't even think you can buy directly through our banks we still don't have that option yet :x

so like this, which they are tracking in the beginning is the use of sites related to bitcoin and other curious crypto, from which it may be newly developed further, I think it's the beginning they know bitcoin users

OP needs to read more details

'that is artificial'
meaning doing FAKE crypto schemes that never become real crypto currencies
in many countries finance is not criminal, but civil and thus its a fine and a court order to not repeat
but then breaching a court order then becomes criminal

then you should be really careful when dealing with crypto currency related things maybe you should just let peace reign and obey the authorities or relocate to a nearby country that does ??? how about that

I know you can understand the importance of cryptocurrency as decentralized using and working for nwe technology a lot of knowledge and skills you cant got by participating in this work.
But I understand you mate you need to follow the law of your country if not your in danger to got the punishment from the government.
If younwant to continue working in bitcoin or in cryptos you need to relocate into another country which is cryuare legit and legal.

Law is part of something that is important for you to obey. It may be that you are tracked with the data that exist in your bank because of your transactions over the years. If this rule becomes legal then you should rethink to keep your crypto money somewhere safer.

You didn't mention which country you are from. Can you inform on that? Also, some countries issues advisory to their citizens that Bitcoin is not a legal tender and also trading is "Not Legal". Doesn't mean they have banned it, but it's just that they haven't made it legal, but still it isn't illegal to own one or trade with one.

Try to use alternative ways for example to deposit the account (I think nowadays we have too much of them). Of course, you should not use your country's bank for this. Let's hope that this restriction is temporary.

next up. businesses in the usa and canada who cater to countries where trading is illegal. move bitcoin to usa then sent as USD to whatever currency xxx country uses for a certain percentage. you could even camo this in ebay transactions if you wanted to

hard to say if all the steps would even make mining or trading in said country worth doing though

also won't work if said country closely monitors internet traffic. i suppose you could try TOR to a proxy and go that way but that's a lot of steps and a lot of cost

personally i'm hoping we don't start getting a ban-wagon with country after country stepping in. it could be what kills the upward momentum and drives crypto back to lower numbers. if that happens coins like bitcoin are going to have it hard. mining difficulty is very high and if the profit isn't there who would do it

Hi. I never met anybody who owned his own country before. When are you going to change the rules of YOUR country to accept Bitcoin? Are any of your citizens using Veracrypt to keep you from finding out when they trade Bitcoin?

8)

That's a bad advise. Why would he have to relocate? No government is ever going to try chase down individual people trading crypto...

First of all, you must know that.. Is government can completely block something? The government forbids us to steal, but there are still people who steal. The government forbids us to trade drugs, but there are still people who trade drugs. The government banned us and blocked porn sites, but every day various porn sites are created. Can the government block anything completely? The answer is no. Likewise with Bitcoin and cryptocurrency. The difference is, Bitcoin and cryptocurrency is not a criminal act. We use Bitcoin and cryptocurrency to work and improve our economy.