My country banned bitcoin. What I can do ?

[Getmon]

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.

How tight is the ban in your country against Bitcoin? If I am not mistaken, even if there is an ongoing ban against Bitcoin in other countries, they can still buy and sell Bitcoin. Although this could only be done on a peer-to-peer level, away from any exchange platforms which are duly registered legally. And then, the online world is pretty open. You can always read and study, promote, and even use your Bitcoins in purchasing goods online.

[changcloy]

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 sad that bitcoin was banned in your country but I think you can still continue to work with bitcoin as long as you are careful and you can transfer your btc in another wallet. I am glad that our government did not do it but for sure we will always make ways to still be here and support bitcoin.

[Darklinkz]

I think you can still earn  btc secretly just by trading anonymously which is by not doing KYC and transfer your profits only in your offline or online wallet or the hardware one. You don't have to exchange it at this moment and just keep saving a lot of them. Once you are satisfied with the value, go to a country where bitcoin is legal and encash all of it in one time.

[lehuyaxib1]

you can exchange from any other country

[ForkioTeam]

Hello my friend, if you are really attached to Bitcoin and not bad at making money, then there is a way to move to another country, where the state effectively supports this policy and the development of this infostructure

[kingkongcorp]

You can move to a country that allows bitcoin and cryptocurrency you can work with bitcoin and you can also work on your place but you have to hide using

[mine_20]

For me, its better to follow the law of your country, so maybe  its good to sell your bitcoin and convert it to real money and build your own business in real world and stop dreaming to support crypto currency anymore, if dont want to put in the jail, but its depends in your decision its only my opinion.

[aladlanie04]

sometimes  countries is so strict on bitcoin because of a lot of scammers take advantage and cheat the people by implementing the ponzi schemes to cheat innocent people that's why  sometimes countries ban bitcoin or  ban usage of selling or buying  strictly to avoid anti money laundering else people  cheat and scam a lot of money to government also.

[zelenkova]

I think that this is a temporary phenomenon, because now every state is thinking how to work properly with this market, since this is a new turn of the era, and to think of the right settlement it takes time, I think that literally in the near future the government will change its opinion

[Onews1990]

I am sure this ban was temporary.
Because price of btc now low, need to wait now.
tomorow when price going up ban also will be canceled

Yes, it is possible. But some countries have seriously decided to get rid of cryptocurrency and do everything to carry out their plan. On this, perhaps, some countries will never change their decision to abolish the cryptocurrency.

[Slavyanskiy]

And how about moving to another country? Then it will be possible to use Bitcoin without restrictions.

[nazarovv]

Nothing you can do but just wait till the ban is lifted. But you can still use your coins for online transaction. you can;t use it in shops in your country. And no merchants are allowed in your country,. The use of your btc will only just be limited.

[Gummybear67]

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.

Suppose from today the government declares Bitcoins as illegal in your country then any kinds of exchange of Bitcoin become illegal. All trading platform and companies have to be shut down within given time by the government.

But before taking any legal step towards banning bitcoin. The government will definitely consider the loss of investor and companies. To recover the loss, the government will provide some ultimatum to trading companies to return users investment and make an exit from the market.

https://www.reddit.com/r/BitcoinBeginners/comments/7t5asg/what_will_happen_if_your_country_bans_bitcoin/#thing_t1_dta43d9

[Sbdip]

This is the same story of my country too.. If you wanna invest in crypto you can use many crypto exchanges which are providing service without restrictions.  Like binance you can trade in binance without any restrictions as much as i know.

[jigsaw97]

I am sure this ban was temporary.
Because price of btc now low, need to wait now.
tomorow when price going up ban also will be canceled

Yes, it is possible. But some countries have seriously decided to get rid of cryptocurrency and do everything to carry out their plan. On this, perhaps, some countries will never change their decision to abolish the cryptocurrency.

you are lucky if the country that you had been living for are making special treat on this currency and never be taking to banned it for , on the other hand as you are experiencing other treat on it you have to be more careful and think other way just to continue for you of using this currency.

[Lucy_bay]

just relax in my country bitcoin still illegal too, because the price is too high to make the government do not accept bitcoin, because it is feared weaken the selling price of my own country currency,
but gradually the government has begun to respond positively to bitcoin because it greatly reduces unemployment in my country. so stay calm all need a process

[resty]

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 think you should study first why is it illegal then find a site commonly an underground that moderate these Cryptos continuously.

[Qeupe]

Government has an important role in economic progress, in case you have nothing wrong, you have to adapt because you do not have the policy and authority to legalize bitcoin.
Immigration can be your way out.

[Andalusy]

In my country, The central bank and monetary authority have announced that bitcoin is ilegal payment instrument. People can buy and hold bitcoin but any risks that may occur will be their own responsibility. Bitcoin is high risk and high profit and it is not regulated by the government. So in this case people must be carefully in joining this bitcoin business or projects. And the government start to arrange regulation about bitcoin and any crypto. Its all about tax.

[yusupjatigumilar]

my country forbids the use of bitcoin, I can not do anything because I am only the people who cannot have power, I prefer to keep trading by paying attention to what effect may appear after government banning bitcoin, but this can also be a thing good if we want to buy, because when the government to ban it there will be a correction of price reduction