My country banned bitcoin. What I can do ?

[Ayiranorea]

Already there have been several countries that banned the use of bitcoin. Even from those countries the people still make use of the bitcoin through different other ways. This could be possible with each and every country that has banned bitcoin. From my view there is nothing to worry about the banning of bitcoin anymore.

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[pragna]

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.

Don't be upset. I think Bangladesh is a developing county and they do not know about BTC widely or government think that it will increase black money into market and corruption will arise. So don't do illegal work against government. You may search your friends or other relatives who living in that country where BTC is legal. You may sell there. Be happy man.

[Fujiati]

if your country forbids bitcoin then you should be careful in bitcoin transactions because if you are not careful you will be caught by the police. If you want to be safer I recommend leaving your country so you continue to work on bitcoin and no one will ban you.

[laryillary]

Perhaps we will soon see Russia in the list of countries that have banned the bitcoin. Deputy Finance Minister Alexei Moiseyev in September noted that payments made in crypto-currencies may soon be banned.

[gbsray]

The fact that the government banned bitcoin is not so terrible. It is more frightening if the government criminalizes those who have been seen trading/mining BTC.

[Vimukkthi Vithanage]

Really sorry to hear that. We must expect these things when investing. But bitcoin is a new thing to most of the countries . So what you can do is hold your bitcoin in a wallet .you can do ur trading as usual. take income through around way .

[Fariyahimu78]

Yes bro it's very sad news for us.I also live in Bangladesh. here i can't feel easy in working crypto currency. I think our government doesn't know fully about bitcoin that's why they done it.But i hope oneday our government will unban bitcoin and announce as a real currency. You know bitcoins popularity increasing day by day so it will be happened in future just wait and see.Best of luck

[Amanda Green]

You can invest in some other projects. There is one cool project - Socratus. I really like their concept - a platform for insurance companies that was created in order to make the communication between customer and insurance company more convenient and simple. It helps to get read of annoying personal meetings and paper work. With this ecosystem, companies will be able to cut operating costs, create new insurance products, deal with data analysis more efficiently and many other benefits.

[Hkim21]

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 if they do not block web related to crypto it will not be a problem because you can still transact and invest, but if all web have been blocked then step to be taken even if it is difficult is you have to move free country using bitcoin. The case also exists in my country but I am still free to use the web related to cryptocurrency and I still feel safe even without the government's legitimacy.

[ethancer]

I'm not sure if someone mentioned this yet, but you can get a global bank card, something like Revolut, and purchase bitcoin with that. Your bank won't be able to track your btc purchase

[tiktak89]

You can hardly go against the government of your state, as will create a lot of problems. Therefore, you can either deal with cryptocurrency illegally or move to another country.

[rtm125]

If this is your main source of income, then you may well try to move to a country where bitcoin is allowed. But if it's extra income for you, then you can just stop this activity.

[Marlo Stanfield]

Yes bro it's very sad news for us.I also live in Bangladesh. here i can't feel easy in working crypto currency. I think our government doesn't know fully about bitcoin that's why they done it.But i hope oneday our government will unban bitcoin and announce as a real currency. You know bitcoins popularity increasing day by day so it will be happened in future just wait and see.Best of luck

As long as they aren't too hooked into and controlling of the internet, most people can probably get away with using BTC. Obviously you'd want to take some precautions and such though.

[renata.tuncha@ex.ua]

I think you can invest in Token Sale projects.  It is an insurance ecosystem which provides a digital platform for insurance companies. So any insurance company can connect the platform to become the part of Insurance Digital Ecosystem such as property, flight delay, cyber insurance and etc. Their main aim is to help insurance companies to reduce costs (it can be reduced from 15 to 25 %) and get their business on a new level.

[ngawethu1]

That's bad. In some country like yours, the government 's afraid that their economy would be destroy by bitcoin. Obviously, they don't know more about crypto market.
That's why the negative news would have affected to them. I think you should go abroad to doing your work if you have enough finance.

[Wiliam01]

If that's the case what you can do is move to a country that provides the legal acceptance of bitcoin. Because governments can shut down websites, they can arrest exchange owners and if you are trying to overcome the rules and regulations of the country, there is a chance for getting prisoned.

[Fariz16]

my country too, has not received bitcoin. arguably bitcoin is still illegal in my country. but none of the articles refer to bitcoin to crime. just because bitcoin has not been certified by my country.
but there are still many bitcoin players still playing in this cryptocurrency world. so it's all back to you.

[Robert_Austin]

I'm not sure if someone mentioned this yet, but you can get a global bank card, something like Revolut, and purchase bitcoin with that. Your bank won't be able to track your btc purchase

Yeah a few exchanges offer this, it's a good idea. I think bitstamp do it as well. I might be a bit more expensive per transaction but you can always just withdraw cash once week or something.

How strongly are they actually enforcing it? Are people still listing their services on localbitcoins? There might still be the ability to sell or buy locally because some of these sellers have international clients and are able to send the money elsewhere. I noticed in India people are still listed on there even though they're facing trouble with bitcoin as well.

[iotarocket]

I would use a VPN and continue to buy bitcoin. No government can stop people from accumulating it if they have the motivation to do so. Then, if you ever want to cash out, just go to a neighboring country and do so. Then again, they may eventually allow it as a currency.

[goku19]

In the internet world every thing is possible and you can still buy and sell bitcoins in think...so you can still continue if you want but yes if the laws are very strict then you have to wait for some time and hope in changes in the near future