How can a country ban a cryptocurrency like bitcoin? if it is dezentralized you should not have to worry about it or did i forget something?
i know they can close exchanges and so on but you can still buy/sell things with btc or bring btc on your smartphone from a third party country.
so please correct me if i am wrong and tell me why...peace out
Well, there are different ways to ban bitcoin:
First of all you cannot use your credit card or bank account to sell or buy bitcoins. If banks discover you did something like that they could block your account and also take your money(if a country would banbe bitcoin)
Secondly, you cannot buy anything with bitcoin from anythe shop because governments will restrict shops from accepting bitcoin as a payment method.
So you could use bitcoin only as an investment and you have to find a way to sell your profits without government to discover any transaction related to bitcoin