if cryptocurrency withdraw accounts freeze by government

[udayantha11]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

[zenhu]

Are you sure about that ? i never heard about it and never had that problem. Even if there prolem like that, you still can sell it to another person and ask that person to send the money to your bank account.

[Agozyen]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?
[/quote


Do you mean governments are preventing people from exchanging their cryptocoins into local currency?  Or do you mean shutting down exchanges which prevents you from taking your coins off the exchange?

Best defense against a government is to keep your coins off an exchange.  Do research into local laws to make sure that this is a real problem too, because a lot of the 'news' from this country or that lately about bitcoin bans turn out to be false.  

[siddartha1492]

Govts. can only ban exchanges and trading sites. But if you have your coins in your own wallet with private keys, then you still have the authority over those coins. And then you can trade them with people directly like on this forum itself, or maybe via social media like Facebook, Twitter etc. But of course, these methods are very complex and risky.

[udayantha11]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?
[/quote


Do you mean governments are preventing people from exchanging their cryptocoins into local currency?  Or do you mean shutting down exchanges which prevents you from taking your coins off the exchange?

Best defense against a government is to keep your coins off an exchange.  Do research into local laws to make sure that this is a real problem too, because a lot of the 'news' from this country or that lately about bitcoin bans turn out to be false.  

personal bank accounts that receive crypto withdrawal gets freeze. i saw some news regarding this

[pprun]

This sounds fake news and clear heresy. Can you please elaborate the the exact date or just a places it's okey to make your statements quite true. To make your question attractive maybe you can add the specific governments that freeze crypto.

[asayoyaasa]

Gov cant do thing like that, can you tell us wich exchanger you see that ? and for what reason ? If you are some criminal who use cryptocurrency for money laundring ofc gov can freeze your account, if not gov cant.

[mummybtc]

Govenment can only ban exchanges that they control and also banks, I still believe this action will increase the amount of trade that happens through P2P exchange, people should not forget that there is increasing in number of discentralised exchanges in the space and this will continue to grow in number

[leland orser]

It seems that these frozen accounts have received black money.

There is no such concern in general exchanges and transactions.

[LeoEspansq]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

Basically, the government freezes exchangers, and your personal money can not be taken away, there is still no such technology. And there already your business can be deduced through exchangers in other country or through people having thrown on their purse and having received for it cash. All methods are complex and risky, but others are not.

[batang_bitcoin]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

AFAIK those are the exchanges accounts and not the users accounts. But if you are worrying that your bank account will be frozen too then don't transfer your withdrawals through a bank account. You can transact with someone personally and have an hand-on-hand transaction (peer to peer).
That can make you sure avoid the possibility of your bank account to be freeze.

[slapper]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

It can't be happened! The governments cannot just appear and shut down the withdrawing accounts! They don't have reason to do that and if they do have reason as the project harms the governments, the team project must have known that and they must have done everything to prevent such a dangerous action happens. So please don't worry and keep doing your jobs

[crimsongoth]

I have never heard of state-controlled crypto exchanges or wallet accounts. The Blockchain was established as a decentralized environment. Neither legitimate regulator nor any legal framework can freeze your accounts or withdraw your savings from your wallet accounts. I think it's better if you share the source you mention about here. There is some kind of misunderstanding here.

[sserge009]

I'm not sure even that there is such a technical possibility. Many governments are holding discussions about giving legal status to crypto, but I have not heard about direct blockages.

[BountyGo]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

goverment cant freeze crypto account

[JainaVsUther]

The best thing to do here is simply not cash out. Blockchain technology is far better than banking, without all the restrictions and slowness, so it's just a matter of time before you can buy things everywhere with BTC and other coins. Hopefully issues such as the one you raise will be a thing of the past soon.

[Red-Apple]

personal bank accounts that receive crypto withdrawal gets freeze. i saw some news regarding this

then it is the issue with the country you live in because not everywhere is like this. in facts most banks are happy about their customers using their services and paying lots of fees to them for transferring money to buy and sell cryptocurrencies. they have increased their revenue.

and if you are facing such problems then maybe it is time you think about using decentralized way of trading instead of using your corrupted banks.

[makishart]

i have a big question

i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

Rather than saying about some governments and it may better to call them all bankers. I remember some big bankers in US already banned those credit card accounts that related to the buy and sell cryptocurrency activities. 

There's a lot of way to the rome. did you remember what already happened when china are halting all of chinese exchange sites?
They were moving towards another area.

[superloy]

i have a big question
i have seen some governments are freezing crypto withdrawing accounts. so whats the best option / alternatives for such situations ?

Crypto freezing withdrawals? Seems impossible, because Government cannot override the operation of the businesses, like in America, Governments are controlled by Billionaires and Businessmen so there's no point why they can control people's assets. The real thing is in the above is the people and everything in it and the government is always under but the people hence nobody cannot control the assets but the owner itself.
Even in China, it's possible that government can freeze their bank accounts but never their crypto wallets.
But I think China is already the People's Republic that's why they can no longer touch their citizens assets. In China today using Blockchain is the only illegal but if you do have transfered your crypto into money by keeping it in the bank then that's OK. Accessing Cryptocurrency related activities are only banned in China but nothing more.

[Polonium]

Here in my country, there seems to be no problem at all in withdrawing cryptocurrencies, I just recently withdraw from my account and I did not encounter any problem. I think it is case to case basis depending on which country are you. Every country has their own set of policy and yes they have the capacity to freeze accounts.