How to deal with India and countries that ban Crypto currencies

[Kakmakr]

We all know that Bitcoin and other crypto currencies are borderless and also decentralized. When countries ban Bitcoin, they push the technology into the dark underbelly of the black markets and they even increase adoption. <People do not like one-sided decisions being forced onto them>

Now we already determined that the Bitcoin technology is borderless and unstoppable, so the next logical thing you should do is to take this technology to the next step in it's evolution.

When some control freaks in NY introduced the controversial BitLicense, people who apposed it, simply relocated their business to Bitcoin-friendly states and continued as usual. <If you have a successful Bitcoin business in India, and you are not permitted to make a living, relocate to a neighbouring country where your business and taxes is welcomed.>

If you are a Bitcoin user and you are not allowed to spend your coins, then move those bitcoins to a country where they are welcome. Take that well deserved holiday of a life time in another Bitcoin friendly country. <Give them the tax income and the job opportunities>

You can still receive bitcoins as payment for services, but you cannot convert it to fiat or convert fiat to Bitcoin. <They simply forced you to use Bitcoin as it was supposed to be used> 

The governments that ban Bitcoin, should not receive the benefits of this technology. Make sure your bitcoins goes towards the Bitcoin friendly countries that deserve your support. Let them miss out on the taxes and the new job opportunities and the tourism income.

                                                                    ----===== Strength in Numbers =====----

   

[St4yInTh3D4rk]

To be honest but most of them don't want to migrate to another country for the sake of using bitcoin,so is there any other loopholes to still use bitcoin in the banned countries?

And as far as I know bitcoin is not banned in India,RBI just released an statement says that stop dealing with the cryptos because in any circumstances but still the status of bitcoin is neutral we can buy and sell the bitcoins in LBC.

[piloder]

To be honest but most of them don't want to migrate to another country for the sake of using bitcoin,so is there any other loopholes to still use bitcoin in the banned countries?

Just use localbitcoins and find some reliable trader with whom you can trade bitcoin for local fiat but be careful when choosing your trading partner some from cop might also try to lure you for face to face transaction.

Or just fly out of your country like me and enjoy direct exchange of your coin for dollar.

[Pursuer]

the first thing to do is to take it up with the congress or the equivalent in your country and complain about the wrong decision they have made and voice your disagreement with the new law, unless you live in a dictatorship that is the way to go

and then if you live in a country with a corrupted government that is trying to screw you (like India) then you continue using bitcoin and give them a middle finger for miserably trying and failing to prevent the escape from their tyranny...
by the way bitcoin is not banned in India yet. but it may be in the future.

[Thanasis]

To be honest but most of them don't want to migrate to another country for the sake of using bitcoin,so is there any other loopholes to still use bitcoin in the banned countries?

Find a trader in your locale and do face to face transactions is one way but it is not possible for everyone to do because India is a big populated country.

Or you can ask one of your trusted person like family or friend to sell and buy bitcoin for you in their country and then move that funds to your wallet this is an easy way and you no need to fly to another country for exchanging bitcoin.

[mko007]

i think tne crpto currencies isnot ban

[boboking]

To be honest but most of them don't want to migrate to another country for the sake of using bitcoin,so is there any other loopholes to still use bitcoin in the banned countries?

And as far as I know bitcoin is not banned in India,RBI just released an statement says that stop dealing with the cryptos because in any circumstances but still the status of bitcoin is neutral we can buy and sell the bitcoins in LBC.

I agree moving to another country for just using bitcoin is quite extreme. For vacations i actually check if the country is bitcoin friendly just in case i go short in cash.
 Soon countries that banned bitcoin will realized the benefits of crypto currency. They will see that the pros of uaing crypto will out weigh the cons.

[Kakmakr]

To be honest but most of them don't want to migrate to another country for the sake of using bitcoin,so is there any other loopholes to still use bitcoin in the banned countries?

And as far as I know bitcoin is not banned in India,RBI just released an statement says that stop dealing with the cryptos because in any circumstances but still the status of bitcoin is neutral we can buy and sell the bitcoins in LBC.

Remember, Bitcoin is Borderless. A piece of paper or a encrypted message in a magazine or book can hide your private key. If you know how to hide information in plain sight, you can go anywhere with your money. Do you have friends and family in other Bitcoin friendly countries? Send you bitcoins to them and have them convert it to fiat <giving the tax income to that country>

Buy expensive gifts online with your bitcoins and have it delivered to friends in other countries. < Exchange the gifts for Cash >

Use your bitcoins on online gambling and buying virtual goods and services. <Cam girls or porn>    <Simply Have FUN> and save your fiat for the things you cannot buy with bitcoins.

Just make sure that your Bitcoin income does not end up in the country that banned it. We will send a clear FU to these countries, if they want to stop our financial freedom and financial privacy.

[Crytptomeniac]

The ban is not actually the cryptocurrencies themselves, just that banks won't work with them again which means they won't be able to cash out so they can just tell friends in other countries to help them cash out.

[-Sinner-]

Just ignore them. We all know that no one can stop crypto world cause no one control it. People will always find a way to play with it, so they are just spreading "fud".
How many times China banned bitcoin? Do you remember?

[St4yInTh3D4rk]

To be honest but most of them don't want to migrate to another country for the sake of using bitcoin,so is there any other loopholes to still use bitcoin in the banned countries?

And as far as I know bitcoin is not banned in India,RBI just released an statement says that stop dealing with the cryptos because in any circumstances but still the status of bitcoin is neutral we can buy and sell the bitcoins in LBC.

Remember, Bitcoin is Borderless. A piece of paper or a encrypted message in a magazine or book can hide your private key. If you know how to hide information in plain sight, you can go anywhere with your money. Do you have friends and family in other Bitcoin friendly countries? Send you bitcoins to them and have them convert it to fiat <giving the tax income to that country>

Buy expensive gifts online with your bitcoins and have it delivered to friends in other countries. < Exchange the gifts for Cash >

Use your bitcoins on online gambling and buying virtual goods and services. <Cam girls or porn>    <Simply Have FUN> and save your fiat for the things you cannot buy with bitcoins.

Just make sure that your Bitcoin income does not end up in the country that banned it. We will send a clear FU to these countries, if they want to stop our financial freedom and financial privacy.

Exchanging the bitcoin through friends is the quite reliable way for most of us if our country banned bitcoin.

And now countries ban is going to open a new business in the crypto field like exchanging the crypto into money if crypto was banned in your country.

Any one have this idea?

[bitfocus]

there are many loopholes, people find and use them.

[Cybercrypt]

It's not necessary to relocate to the other country physically, just relocate cryptocurrency. This could be done through trusts or venture funds.

[hugeblack]

Stop amplifying things, The real news is Your bank will not allow you to buy bitcoins anymore
It is planned by governments to try to regulate the Bitcoin and at least limit the entry of large capital funds.
For you, this regulation will not affect you very much unless you intend to invest in large amounts(more than 10 Bitcoins).
you can use some temporary solutions:

• online sellers: localbitcoins, paxful
• online forums: Currency exchange

[cryptoking330]

I have a few friends based in India that are incredibly worried about the ban, but the thing they need to know is that maybe this ban is good news for Inidan investors, it will give the Indian government a chance to review cryptocurrency properly and make a decision on it for the future. They will not be able to ban it forever.

[OlegK41]

Do not fight with those countries that prohibit crypto-currencies. As one person said, those countries that do not start to explore new opportunities will soon be completely dependent on those countries that will be leaders in these new opportunities. Over time, those who prohibit also will later use crypto-currencies.

[Red-Apple]

Exchanging the bitcoin through friends is the quite reliable way for most of us if our country banned bitcoin.

And now countries ban is going to open a new business in the crypto field like exchanging the crypto into money if crypto was banned in your country.

Any one have this idea?

there are two different things here: trading cryptocurrencies and investing in bitcoin.
investing in bitcoin is the hardest part since you will have to find a way to exchange fiat to bitcoin and mostly because of the lack of trust in ways you exchange face to face or other methods that don't involve an exchange.
but trading is always going to be easy. most exchanges don't even need verification and also we are moving mostly towards decentralized exchanges that nobody can monitor or control.

[sirkings0003]

We all know that Bitcoin and other crypto currencies are borderless and also decentralized. When countries ban Bitcoin, they push the technology into the dark underbelly of the black markets and they even increase adoption. <People do not like one-sided decisions being forced onto them>

Now we already determined that the Bitcoin technology is borderless and unstoppable, so the next logical thing you should do is to take this technology to the next step in it's evolution.

When some control freaks in NY introduced the controversial BitLicense, people who apposed it, simply relocated their business to Bitcoin-friendly states and continued as usual. <If you have a successful Bitcoin business in India, and you are not permitted to make a living, relocate to a neighbouring country where your business and taxes is welcomed.>

If you are a Bitcoin user and you are not allowed to spend your coins, then move those bitcoins to a country where they are welcome. Take that well deserved holiday of a life time in another Bitcoin friendly country. <Give them the tax income and the job opportunities>

You can still receive bitcoins as payment for services, but you cannot convert it to fiat or convert fiat to Bitcoin. <They simply forced you to use Bitcoin as it was supposed to be used> 

The governments that ban Bitcoin, should not receive the benefits of this technology. Make sure your bitcoins goes towards the Bitcoin friendly countries that deserve your support. Let them miss out on the taxes and the new job opportunities and the tourism income.

                                                                    ----===== Strength in Numbers =====----

   

I lay my total support in your stands. The ban action most times are not really to solve any realistic problem but just witch hunting. Once there is a retaliatory action or move from the crypto community, i think would pass a message to other countries and discourage them from taking the same step.

[bartolo]

Stop amplifying things, The real news is Your bank will not allow you to buy bitcoins anymore
It is planned by governments to try to regulate the Bitcoin and at least limit the entry of large capital funds.
For you, this regulation will not affect you very much unless you intend to invest in large amounts(more than 10 Bitcoins).
you can use some temporary solutions:

• online sellers: localbitcoins, paxful
• online forums: Currency exchange

People need to be a little patient. Bitcoin and cryptocurrencies will be accepted and normally used in every part of the world, in some places it will happen faster, in other countries the process will be slower. You need to take into account that this is a new phenomenon and governments are still trying to understand it.

[ahmad21]

Stop amplifying things, The real news is Your bank will not allow you to buy bitcoins anymore
It is planned by governments to try to regulate the Bitcoin and at least limit the entry of large capital funds.
For you, this regulation will not affect you very much unless you intend to invest in large amounts(more than 10 Bitcoins).
you can use some temporary solutions:

• online sellers: localbitcoins, paxful
• online forums: Currency exchange

People need to be a little patient. Bitcoin and cryptocurrencies will be accepted and normally used in every part of the world, in some places it will happen faster, in other countries the process will be slower. You need to take into account that this is a new phenomenon and governments are still trying to understand it.

Waiting's not going to help this time brother. Just waiting will allow governments and authorities to slowly wipe out cryptos from our daily use. If you see with a rational mind you will understand that bitcoin is absolutely against the idea of governments and will increase non-accountability which governments don't want as they want is to increase the control over the lives of people. So slowly and slowly governments will try to bring over their own blockchain solutions instead of bitcoin and that is what exactly RBI is planning to do as of now. They have said that they will come up with a national bank backed cryptocurrency.