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Author Topic: My country banned bitcoin. What I can do ?  (Read 3956 times)
genrihko
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June 22, 2018, 09:50:32 AM
 #561

If it is prohibited, you will not be able to trade crypto. Do not ignore this or you can face legal consequences .
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The Bitcoin network protocol was designed to be extremely flexible. It can be used to create timed transactions, escrow transactions, multi-signature transactions, etc. The current features of the client only hint at what will be possible in the future.
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hammo
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June 22, 2018, 10:59:47 AM
 #562

you can do lots of things. this is a new world, there is a borderless thing we know who named ''the internet'' use them. your body is bangladesh but you are everywhere actually.
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June 22, 2018, 11:08:27 AM
 #563

you can only support outside your country. contribution to support not only in your country. I think as long as you can still convert bitcoin into your country currency. it's no problem. bitcoin exists all over the world. so your support can be used to support bitcoin in the world. if bitcoin has been allowed in many countries in the world. your country will also re-think about banning bitcoin.
there is some chances that this may ever have to happen but if you may have a chance to access this for and this is not a big deal for you to take over then you have to be more practical for everything that you can be able to do with bitcoin are easy banned if the government that this is may not a helpful thing but as long as this is may not affect their country then this could be an speculation for them to banned it.

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June 22, 2018, 11:13:05 AM
 #564

If your country has banned bitcoins, you cannot trade in bitcoins or other crypto.  You will have to try other investment options like stocks.
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June 22, 2018, 11:17:18 AM
 #565

in VietNam is also prohibited this bitcoin, somehow I do not know, but there are several causes that our government states how virtual exchange tools such as bitcoin high risk of money laundering and financing terrorism .no responsible authority, no official administrator, no underlying asset underlying the virtual price of currencies and fluctuating trading values ​​so vulnerable to risk inflation, "Not only that, BI also prohibits all service providerspayment systems and financial technology providers in Indonesia to process payment transactions using virtual exchange tools such as bitcoins. that is, bitcoin will no longer be used.
Marcommaso
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June 22, 2018, 11:19:07 AM
 #566

Noob question here, in which way Bangladesh banned bitcoin? It used the blockchain so there's not a centralized server to block i think.
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June 22, 2018, 11:21:18 AM
 #567

How much were you investing ? If you are investing good amount , you can route it through another country.
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June 22, 2018, 11:51:01 AM
 #568

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 work and support several projects that support bitcoins and other cryptocurrency by joining and supporting bounty campaigns. It is always a good idea to show your support through this method and wearing their banner. Marketing and alluring more and more investors along the ride.

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June 22, 2018, 12:01:27 PM
 #569

if you forbid bitcoin, I can still trade in the outside market and melt it into money and then the money into the rupiah, it is strong enough but not so much a problem for me personally, but it will certainly affect the price movement of bitcoin
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June 22, 2018, 12:24:02 PM
 #570

We stay trade with bitcoin, just for minning, that is what we do if our country banned bitcoin.. Its not problem for bitcoiners, many others country who not use bitcoin and not accept bitcoin for digital money exchange..
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June 22, 2018, 01:14:32 PM
 #571

My fears written out boldly before me. Been having this feelings about my government coming out to ban this  cryptocurrency. The hardest they have hit us yet (crypto  Dealers) was to sensitize or educate us on commiting too much investment into bitcoin. Talk about precautionary measures. I know that itself could affect any potential investor in my country, but,  if the big guns do not come out to ban it, I do not think my country would
MedicineVNT
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June 22, 2018, 01:23:28 PM
 #572

I am very fortunate that I was born and raised in a country where I have never banned my bitcoin trade and can participate in bounty programs of my own choice i love it very much. Tongue Tongue
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June 22, 2018, 02:26:23 PM
 #573

I think the most appropriate thing to do is just to patiently wait for the ban to be upheld by the government. Why? Because there is nothing you can do besides on just sending an appeal to the government. Just know the reason first why it is banned.
bengetsia
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June 22, 2018, 02:29:06 PM
 #574

well i think As ever there's a world of difference between banks being forbidden from selling you Bitcoin and a proper all encompassing 'ban' which isn't even possible anyway. Maybe you'd better check some wordings more carefully before your tits fly off in outrage and horror and ou should know what the main reason why your country banned bitcoin is, its either many people are using bitcoin or another cryptocurrency to do their illegal activities.
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June 22, 2018, 02:29:26 PM
 #575

Best way around is to go to another country in which bitcoin is clearly expected to grow and utilize and that is good to hodl some.
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June 22, 2018, 02:43:29 PM
 #576

I love bitcoin and I want to be using it in my daily life but my government does not accept, not support bitcoin. I just traded bitcoins on the trading floors and introduced to everyone about the benefits of bitcoin. i want bitcoin to be accepted in my country.

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ngocanh3799
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June 22, 2018, 02:58:57 PM
 #577

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.
Sadly when your country sees illegal bitcoin. Try to find out why Bitcoin is banned. Bitcoin is very profitable in our country and it is profitable to invest. Our country has no regulations and management for bitcoin. I am really satisfied with my country.
HauntOne
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June 22, 2018, 03:01:10 PM
 #578

It's cruel!  Even in Russia, Putin did not forbid us, because he understood how profitable to transfer money.

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June 22, 2018, 03:06:39 PM
 #579

If it is illegal,then you should follow the restrictions otherwise,you can use vpn service to enable the bitcoin sites for you

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June 22, 2018, 04:23:04 PM
 #580

It's cruel!  Even in Russia, Putin did not forbid us, because he understood how profitable to transfer money.

It's basically just the matter of time before all countries adopt crypto but until then unfortunately it's considered illegal in some countries and you can't do much about it.
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