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Author Topic: My country banned bitcoin. What I can do ?  (Read 3956 times)
jirene21
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June 22, 2018, 04:26:56 PM
 #581

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.
I am sorry to hear that, we cant do anything because your government is already told or declare of banning bitcoin on your country, but the point is you can use or bitcoin stuff in the computer because it is hard for the government to watch or observe the computer activities twentyfour-seven.

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June 22, 2018, 04:53:20 PM
 #582

if the disadvantage for the government of your country should be obeyed but you can to move to another country that legalize bitcoin
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June 22, 2018, 04:58:26 PM
 #583

if the disadvantage for the government of your country should be obeyed but you can to move to another country that legalize bitcoin

And how practical is that? Do you think that immigrating to another country is that easy? And there is no guarantee that this new country will not ban Bitcoin sometime in the future.

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June 22, 2018, 05:00:31 PM
 #584

In my opinion, you can always use VPN to approach crypto world.
Anw, the present of crypto and blockchain is totoally for people living in countries like yours.
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June 22, 2018, 05:09:38 PM
 #585

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.
This is a serious situation and I understand how this can hinder you financially if you are the type whose source of income is solely bitcoin. Please check the details of the restrictions in your country so that you won't run fowl of the law. In the meantime, keep your bitcoin safe in your wallet as more countries are beginning to adopt cryptocurrency. If nothing changes after a long time, you may have to consider relocating to a nearby crypto friendly country, hoping you already have a good amount of bitcoin.
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June 22, 2018, 05:15:30 PM
 #586

I am from your neighbor country India. And in India crypto also banned. Here is crypto is not legal tender. But trading is continue by online. I am also doing work by signature. So get the full information. What kind of banned is there. Perhaps there is also take it as not legal tender. After know this you will be easy with crypto.
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June 22, 2018, 05:29:31 PM
 #587

Actually, I do not think anyone will be able to run outside the government rules regulation. Because it is a penal offense. But Totally your will, what do you want to do?
One more thing, and that is, due to a wrong decision of the government, the entire country and the country are depriving the youth and online sector of a good benefit, doing harm. So you and many others like you have to come forward, discuss its good aspects, and everyone will have to inspire this work, if you want to legalize it in your country.
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June 22, 2018, 05:33:28 PM
 #588

It's cruel!  Even in Russia, Putin did not forbid us, because he understood how profitable to transfer money.
Putin did not forbid? He allowed it. He said country understands how important to support cryptocurrency. And also he said ''we need to win in this race''
Also Belarus followed and created simply rules for ICO's. If I remember right, there was rule where you have to hold 0.5$ million in local bank for ICO.
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June 22, 2018, 05:44:32 PM
 #589

Countries have its own rules, banning bitcoin may just be reasonable and we cannot blame your country for doing so. Bitcoin may have an effect to your economic status and maybe such fear of putting the whole country into chaos due to some economic disturbance or imbalance concerns them as much. Don't worry if your countries sees an opportunity that investing bitcoins will certainly result in improvements may be they will allow it then.
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June 22, 2018, 10:19:22 PM
 #590

First, just like what most people are saying, know what's the reason behind it. Because there will be always a reason about the banning in your country.
The reasons of a government are irrelevant, do you think they are going to tell you the truth? They are going to use the old excuse that bitcoin can be used by criminals and terrorists and yet they can use fiat as well and they are not trying to ban so it is obvious this is about control and power no matter what they say but governments are not really understanding how powerful is bitcoin but they will when their actions fail.
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June 22, 2018, 11:19:47 PM
 #591

Answering it becomes a little difficult. Because you love it in your heart, then you will have to obey the rules of the country and you will be punished if you do not accept it. But you can stand against it because you are not doing anything wrong. Everyone has to know and tell about it. The wrong ideas related to it must be driven from the mind of the government. These provocative and courageous plans can bring you success. Best of luck.
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June 22, 2018, 11:50:30 PM
 #592

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 need to leave this country, I'm sure it's been written about this many times, but this is really the only way out.
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June 23, 2018, 01:20:29 AM
 #593

If your country banned bitcoin, they can do it because they have authority to do so. If you dont want to encounter problems, just follow. But if you already have bitcoin now, maybe you should just keep it, who knows in the future your government may allow and accept bitcoin in your country. It is very unfortunate with the rules of some countries that prohibit transaction bitcoin. But so far no country has given a definite reason, all are still just rumors.
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June 23, 2018, 01:23:29 AM
 #594

in my country pum also experienced the same thing, the government and banks prohibit everyone to ban bitcoin as a legal buying and selling tool,  Perhaps the government will reconsider when knowing how many people are against his decision.
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June 23, 2018, 01:26:19 AM
 #595

Sorry to hear that. Hope you get it all figured out. Good luck.
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June 23, 2018, 01:33:22 AM
 #596

You may also submit a compliance letter to them and ask to them why they banned bitcoin, if they has the reason you have no choice just to follow them and wait until they back the crypto in your country because you are under of their power Embarrassed
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June 23, 2018, 02:06:53 AM
 #597

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 need to leave this country, I'm sure it's been written about this many times, but this is really the only way out.
Lol you don't need to leave your country because of it? of course you will have more expenses because it is lol. in fact, even if the state forbids bitcoin, you can still use it, because bitcoin undercover, my own country forbids it but I'm still free to use it, all we have to do is wait and hope the government change the rules
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June 23, 2018, 02:48:25 AM
 #598

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.

Since Bitcoin is decentralized and internet based you can still transact bitcoin if they cannot control your internet then you can use vpn to surf trading sites and sites related to cryptocurrency, the only problem there is exchanging your cryptocurrency to fiat you have to find a way.


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June 23, 2018, 03:55:34 AM
 #599

For me you should just abide the rules of your country because no matter the reason may be, the best thing to do is to Follow ruless from the higher ups.   
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June 23, 2018, 04:34:48 AM
 #600

There could be a peculiar reason why the government in your country is banning bitcoin and other related cryptocurrency but that need to be known then you can know what to do. Once the reason is known and it happens not to cause harm to the state, I think you can still go ahead and still participate in crypto related businesses. But if the goverment has put up strong measures to punish culprits, I advise that you move to places where bitcoin and crypto is accepted or you stay in your country and do away with cryptocurrency. Probably, you find a different job to do.

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