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Author Topic: My country banned bitcoin. What I can do ?  (Read 3533 times)
indopool
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August 01, 2018, 02:12:24 AM
 #1081

I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.
Actually it does not matter if bangladesh state prohibits bitcoin, or crypto curancy, you can still do your activity in the world of cryptocurancy, because it is decentralized which is the whole point of using it, that it can not be controlled, even if they block some bitcoin sites people can still use VPN to bypass it, so it should be useless to try and ban it.

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InKiTy38
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August 01, 2018, 02:28:28 AM
 #1082

Hello!
You asked me what to do if your country banned bitcoin
If that happens then you should follow what their government says and you have the right to petition the government when they refer
teosanru
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August 01, 2018, 03:18:22 AM
 #1083

I know a few people in Bangladesh who have still managed to trade even though the bitcoin is banned in their country.
Your best option is to move to a peer to peer exchange since you would be able to sell your cryptos for cash or bank transfer, and that would be done without coming in the eyes of the government.
There is one famous person from Bangladesh here on this forum. His name is PVA Specialist and he works with Yahoo on his campaigns. Try contacting him.

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jacksonhen
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August 01, 2018, 03:31:43 AM
 #1084

I do not know why bitcoin is banned in bangladesh, in my country bitcoin is only forbidden for transactions but to make commodities it does not matter.

I am looking for information about banned bitcoin dibanglades through https://news.bitcoin.com/bangladesh-authorities-hunt-bitcoin-traders/ there are  several major state institutions will begin ramping up efforts to crack down on bitcoin adoption among Bangladeshi citizens.

1. Bangladesh Central Bank Warns Financial Institutions Against Cryptocurrency Users
2. Bangladeshi Authorities on “Hunt” for Bitcoin Traders
3. Cryptocurrency Use Prohibited in Bangladesh


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August 02, 2018, 11:31:54 AM
 #1085

I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.

We cannot really pleased everyone even the government themselves for creating this kind of acts of prohibiting cryptocurrency especially bitcoin in their country. Possible reasons of it is the threat of cryptocurrency especially blockchain to an specific industry. We may not know. Or even the riskiness of such, that we all know, cryptocurrency is the most risky industry among all. In regards to your concern, make it more safe. Bitcoin and Cryptocurrencies is illegal there. So you do not have to make yourself strong and brave enough. Just be wise and think that it is illegal.
That is not a good news to hear about bitcoin, but I think that there are a lot of other counties who have banned bitcoin but still the number of bitcoin users are too much there, I think that very little countries are providing the opportunities to people to use bitcoin for different purposes, but still I think that in most of the place people are using bitcoin for investment purposes only.
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August 02, 2018, 11:39:25 AM
 #1086

I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.

You can use TOR network or any virtual private network to browse through other areas and trade bitcoins..And dont worry in future all the countries will unban bitcoins and may be it will become the main stream also.
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August 02, 2018, 11:39:36 AM
 #1087

I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.

For as long as you have internet connection you can still do bitcoin investments and if its time for you to withdraw your investment you try to migrate to other countries where bitcoin is accepted for you yo be able to encash it.

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August 02, 2018, 11:42:31 AM
 #1088

I love bitcoin and cryptocurrencies. I feel more comfortable doing so and will do whatever that I can to support it. Now tell me how can I work with Bitcoin and cryptocurrencies? Although it is illegal in my country.

My country Bangladesh.

Apologies if this is not the right place to discuss.
Thanks in advance.

try to us VPN interenet service and set your location to other part of the globe. vpn hides your true location and make you stealth to the government or other institutions will track you.

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August 02, 2018, 11:51:15 AM
 #1089

If you really like bitcoin and altcoin then you should invest, but be prepared in advance for high risk percentages. You should buy a good computer to work better, be cautious. After use, clear all history. Best you work with who you can trust.
Mr. Legendaris
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August 02, 2018, 12:08:43 PM
 #1090

I don't think this is a problem, as long as we can receive dollars in the account, we can exchange fiat, many exchanges that fully support dollar vs. bitcoin transactions, so withdrawing dollars is something we can do.


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FedorIzmailov
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August 02, 2018, 12:15:45 PM
 #1091

unfortunately, nothing. The maximum that you can do is to leave the country

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August 02, 2018, 12:31:22 PM
 #1092

In fact, Bitcoin has not been legally applied around the world, and it is unfortunate that I think, in banned countries, the government is worried about the downside that Bitcoin has brought as abuse. pay for terrorism or drug trafficking. Let the government really take a new look at Bitcoin to try to minimize the negative.
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August 02, 2018, 12:49:54 PM
 #1093

So it's time to change the country. Arrive in Thailand. Everything is fine here.

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August 02, 2018, 01:27:06 PM
 #1094

They only forbid the BTC as a means of payment, not banned when considered as assets. I love BItcoin and wish it was accepted in my country. Expect the state to build the appropriate law to accept the crypto  Cheesy Cheesy
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August 02, 2018, 01:47:17 PM
 #1095

Why does your country ban Bitcoin? Do they forbid to open a crypto-trading site? Do they think Bitcoin is dangerous to use? Due to trading? Due to make a payment using Bitcoin? Or what?
If your country only prohibits make a payment using Bitcoin and they think it is dangerous, you don't need to do anything I guess. You can still trade in any market because the crypto market can be used in worldwide.

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August 04, 2018, 02:24:58 PM
 #1096

If we take into account the fact that bitcoin is a transparent network without a center, then no official "block of authorities" will help keep the bitcoin users. You do not have to worry about this for a long time or you will never have to. The authorities are trying to subordinate themselves to the crypto currency, but in fact it turns out rather the opposite.  Grin


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August 04, 2018, 02:59:55 PM
 #1097

One option is to leave the country! Or just keep your mouth shut! And do not say that you have crypto. Wait a couple more years! And then it will be already clear exactly what will happen to this! And Maybe everything will change, then you will start spending your bitcoins!
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August 08, 2018, 10:17:18 AM
 #1098

If your country prohibits Bitcoin you can still invest in it. My country also prohibits the use of Bitcoin but we can still trade Bitcoin as usual. When you have Bitcoin you can buy it in places where people accept it via the Internet.
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August 08, 2018, 10:43:32 AM
 #1099

I think your condition is very difficult. if you are used to finding crypto, that is a big problem for you. moreover if the regulation really makes a crypto become uninspired. Well, you might have to find another business friend.

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August 08, 2018, 10:53:39 AM
 #1100

Govt. can block bitcoin in your country but, can't stop you from buying or trading with btc.

Use virtual network to hide your identity when trading. Also, your identity should be hidden while participating in any bitcoin related forum.


Thanks


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