If crypto is banned in my country

[Streets 2.0]

I agree that the legalization or at least partial legalization of bitcoin and other cryptocurrencies is a matter of time - because it is obvious that those countries and governments that take these steps first and create comfortable working conditions both in finance and in mining will receive competitive advantages, and as a result - will be stronger financially. It can also affect the tourist attractiveness of individual countries, against the backdrop of the covid-19 pandemic, this would be a cool incentive.

[KryptoKings]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

You already have a good option, I would do the same if I am in your shoe, you cannot declare your Cryptocurrency assets because they will confiscate them, better go to other countries where Cryptocurrency is accepted, trade it there, you can then find a legal way to get the cashback to your country, if I am in your shoe I will prefer staying in other country and just come back when my country finally accept Cryptocurrency, it's the best time to trade and invest in Cryptocurrency, something you cannot do if you are in your own country.

I have created this thread to find 'that legal say to tranfer my funds back to my country.
As I already said, moving in foreign country permanently is not an option because I don't want to leave my family back.
Also not sure if I can adjust with local conditions in foreign land.
If someone here has done something similar like selling their crypto in foreign land and come back, please share.

[Gamerholic]

When you return money to your country, for example, for your family, will someone really ask where they came from and how they were earned? I am almost sure that there is some kind of fixed limit on money for such transactions that pass by the tax authorities and other departments. If you exceed this threshold or regularly send amounts of money around this value - then of course you will attract the attention of the tax office or something like that. Be smarter by changing transfer methods, amounts and currencies. There are a lot of ways.

[carlfebz2]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

You already have a good option, I would do the same if I am in your shoe, you cannot declare your Cryptocurrency assets because they will confiscate them, better go to other countries where Cryptocurrency is accepted, trade it there, you can then find a legal way to get the cashback to your country, if I am in your shoe I will prefer staying in other country and just come back when my country finally accept Cryptocurrency, it's the best time to trade and invest in Cryptocurrency, something you cannot do if you are in your own country.

I have created this thread to find 'that legal say to tranfer my funds back to my country.
As I already said, moving in foreign country permanently is not an option because I don't want to leave my family back.
Also not sure if I can adjust with local conditions in foreign land.
If someone here has done something similar like selling their crypto in foreign land and come back, please share.

For sure there are people who had made that kind of method but to know that not all are aware of this forum existence and so far i havent read up that someone does have the real experience.

Thinking up that there are lots of various ways where you can cash out those coins without having a problem but as you had mentioned that you do like in one go because of price
then why cant just accept that you would really be pulling out those funds gradually?

When you do sell out those coins and suddenly a big money transferred on your account that would leave out some flags into your banks.

[KryptoKings]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

You already have a good option, I would do the same if I am in your shoe, you cannot declare your Cryptocurrency assets because they will confiscate them, better go to other countries where Cryptocurrency is accepted, trade it there, you can then find a legal way to get the cashback to your country, if I am in your shoe I will prefer staying in other country and just come back when my country finally accept Cryptocurrency, it's the best time to trade and invest in Cryptocurrency, something you cannot do if you are in your own country.

I have created this thread to find 'that legal say to tranfer my funds back to my country.
As I already said, moving in foreign country permanently is not an option because I don't want to leave my family back.
Also not sure if I can adjust with local conditions in foreign land.
If someone here has done something similar like selling their crypto in foreign land and come back, please share.

For sure there are people who had made that kind of method but to know that not all are aware of this forum existence and so far i havent read up that someone does have the real experience.

Thinking up that there are lots of various ways where you can cash out those coins without having a problem but as you had mentioned that you do like in one go because of price
then why cant just accept that you would really be pulling out those funds gradually?

When you do sell out those coins and suddenly a big money transferred on your account that would leave out some flags into your banks.

In the event of blanket ban, I would prefer to get rid of my crypto as soon as possible. I don't want to hold something that is against law.
I know I can hold it secretly and due to anonymous and decentralized nature of crypto, I can easily go unnoticed but being a law abiding citizen I don't want to do anything not approved by law of land.

[Gamerholic]

Until the ban came into force, there are many ways to simply sell and declare this income by including it in another article. Most often, the tax inspectorate is looking for those who do not pay taxes at all, and not those who pay them. This method seems to me to be the simplest, that's all. There is also a more difficult option in order to find a friend or relative in another country where there are no problems with the turnover of cryptocurrency and simply transfer to him. And he already, for example, once a year - will come to visit you with "gifts".

[dark1234]

Until the ban came into force, there are many ways to simply sell and declare this income by including it in another article. Most often, the tax inspectorate is looking for those who do not pay taxes at all, and not those who pay them. This method seems to me to be the simplest, that's all. There is also a more difficult option in order to find a friend or relative in another country where there are no problems with the turnover of cryptocurrency and simply transfer to him. And he already, for example, once a year - will come to visit you with "gifts".

Taxes are mandatory in every country but for a ban that may occur in one of our jobs here may be fatal and the word Gamerholic we must be able to find a way out without having to leave our country trusting someone in a legal country with a promising wage or percentage of profitability this will be a solution that can be done

[noorman0]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?

Why would you bother going abroad to do small things when you can reach them via the internet.

How can I move my money back to my country?

Perform 3 exchange processes (if you want to anticipate tracking that your income is sourced from crypto). Open a fiat payment wallet such as PP, skrill, neteller > go to the p2p exchange and exchange crypto to fiat (eg usd) aimed at your PP > exchange to local fiat and transfer to a local bank. It's just that you need to avoid exchanging a small amount to reduce the exchange fee.

[KryptoKings]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?

Why would you bother going abroad to do small things when you can reach them via the internet.

How can I move my money back to my country?

Perform 3 exchange processes (if you want to anticipate tracking that your income is sourced from crypto). Open a fiat payment wallet such as PP, skrill, neteller > go to the p2p exchange and exchange crypto to fiat (eg usd) aimed at your PP > exchange to local fiat and transfer to a local bank. It's just that you need to avoid exchanging a small amount to reduce the exchange fee.

I am already doing it but in the event of ban, p2p exchanges will stop operating in my country and government will block them.
Yes I can use vpn to access them but for large quantities even p2p exchanges like paxful, localbitcoin ask for kyc.
I can't do kyc if my government ban btc

[noorman0]

I am already doing it but in the event of ban, p2p exchanges will stop operating in my country and government will block them.
Yes I can use vpn to access them but for large quantities even p2p exchanges like paxful, localbitcoin ask for kyc.
I can't do kyc if my government ban btc

Actually it's terrible, if the government will block cryptocurrency-related sites then we won't be able to access this forum either. Actually, you can trade p2p without kyc via this section instead of p2p exchange. There are always loopholes to escape, you don't have to worry. You only have a choice between sticking to the policy or breaking it and willing to bear the consequences

[KryptoKings]

what? it doesnt matter as long as you not telling or posting anything at social media that you holding crypto 

Really? Oh how come that didn't cross any of outs mind?
And we thought our holdings are known to everyone

[imran101]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

There are many ways you can do this. One of the best ways to handle this is to keep in touch with people who have cryptocurrencies. Then you paid him via bitcoin and he sent you a small amount of money. Then you will have the possibility of this money being legal

[KryptoKings]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

There are many ways you can do this. One of the best ways to handle this is to keep in touch with people who have cryptocurrencies. Then you paid him via bitcoin and he sent you a small amount of money. Then you will have the possibility of this money being legal

What will I announce as source of this income? Of I continue selling in small amounts, it will take me 10 years to completely dispose off all my holdings.
Plus there will always be a risk of price fall and getting tracked.
I am looking for some ways to sell them all in one go during this bull Run.

[Renampun]

...

There are many ways you can do this. One of the best ways to handle this is to keep in touch with people who have cryptocurrencies. Then you paid him via bitcoin and he sent you a small amount of money. Then you will have the possibility of this money being legal

agree, doing p2p trading is a good option for countries that are banned Bitcoin IMO...
you can do that in DEX and now there are many dex that are safe places to do p2p transactions, if your internet network is blocked then use VPN. or you can also do p2p in this thread and ask for exchange with Paypal or another digital wallet, but if a large amount you have to do it with a member who already has a good reputation.

[KryptoKings]

...

There are many ways you can do this. One of the best ways to handle this is to keep in touch with people who have cryptocurrencies. Then you paid him via bitcoin and he sent you a small amount of money. Then you will have the possibility of this money being legal

agree, doing p2p trading is a good option for countries that are banned Bitcoin IMO...
you can do that in DEX and now there are many dex that are safe places to do p2p transactions, if your internet network is blocked then use VPN. or you can also do p2p in this thread and ask for exchange with Paypal or another digital wallet, but if a large amount you have to do it with a member who already has a good reputation.

As I said most p2p exchanges require kyc hence doing trade their for big amount is not possible plus I will have to show the source of such income in my tax details. Hence p2p is definitely not a solution for large amount.
Yes PayPal can be used but only with reliable traders because of Chargeback.

[Argoo]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

There are many ways you can do this. One of the best ways to handle this is to keep in touch with people who have cryptocurrencies. Then you paid him via bitcoin and he sent you a small amount of money. Then you will have the possibility of this money being legal

What will I announce as source of this income? Of I continue selling in small amounts, it will take me 10 years to completely dispose off all my holdings.
Plus there will always be a risk of price fall and getting tracked.
I am looking for some ways to sell them all in one go during this bull Run.

If we are talking about the fact that it will be necessary to cash out the entire amount of the available cryptocurrency and immediately, then a trip to another country with legislation loyal to cryptocurrency may make sense. However, it seems to me that they will hardly be allowed to return to their country with a large amount of cash. Perhaps it makes sense to put this money in the same country in a bank and use it as needed. However, you need to clarify in advance whether your national legislation allows investing in foreign banks.

[Rajamuda]

This is indeed an obstacle to retain income, but of course we have to be smarter in dealing with all conditions and things that happen, converting is the point where we can still move in terms of crypto, of course this has extended to all efforts that can be made to move in the crypto world. nothing is difficult if we continue to learn a lot of things, and will surely find the best solution, it's not an obstacle to keep moving if you really mean it.

[UKprod]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

This depends a lot on the facts of the case and how much information can your government collect on your crypto transactions. If the government gathers the info that you had travelled abroad only to cash in your crypto holding and the whole act can be construed as a sham.

Further, if your government considers that crypto is illegitimate money, then any conversion of such money in a foreign country and then repatriating it to your country would amount to money laundering since it is conversion of illegitimate money to legitimate money. Not that it happens in all cases, but is mostly likely to be considered that way.

[KryptoKings]

If in future, crypto is completely banned in my country and holding, trading mining become illegal, can I go to some foreign country on the pretext of doing some job and sell my crypto once I landed in foreign land and come back in my country with all the money?
Will that be considered illegal? How can I move my money back to my country?
Can I just say that I did some business in foreign country and this is all the profit?.
Anyone has any better suggestions to dispose off my crypto holdings if such situation arises?

This depends a lot on the facts of the case and how much information can your government collect on your crypto transactions. If the government gathers the info that you had travelled abroad only to cash in your crypto holding and the whole act can be construed as a sham.

Further, if your government considers that crypto is illegitimate money, then any conversion of such money in a foreign country and then repatriating it to your country would amount to money laundering since it is conversion of illegitimate money to legitimate money. Not that it happens in all cases, but is mostly likely to be considered that way.

But if it were illegal, will that country allow me to take back my money through bank transfer?
I am not into any illegal act but if suddenly my country ban crypto and make it illegal to trade it, then I have to find other ways.

[DarkIT]

When you return money to your country, for example, for your family, will someone really ask where they came from and how they were earned? I am almost sure that there is some kind of fixed limit on money for such transactions that pass by the tax authorities and other departments. If you exceed this threshold or regularly send amounts of money around this value - then of course you will attract the attention of the tax office or something like that. Be smarter by changing transfer methods, amounts and currencies. There are a lot of ways.

You can trade and exchange to your native currency using paypal.And it's not a final one.Your country may change their opinion in future.You should wait till the feedback was changed by the government.If the crypto was banned in your country,you can buy at very cheap price.Since all try to sell and try to out of crypto.