If crypto is banned in my country

[yhiaali3]

I think this is legal, when you travel to a foreign country, you are subject to the laws of that country and not the laws of your country of origin, if the Bitcoin trade there is permitted you can sell your Bitcoin and return to your country legally without being penalized because you did not violate the laws of your country, on the contrary, you will pay Taxes due on you and this is beneficial to your country's economy.
In the end, the government only cares about one thing and that is taking taxes. As long as you pay taxes legally, there will be no problem.

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[cabron]

I think this is legal, when you travel to a foreign country, you are subject to the laws of that country and not the laws of your country of origin, if the Bitcoin trade there is permitted you can sell your Bitcoin and return to your country legally without being penalized because you did not violate the laws of your country, on the contrary, you will pay Taxes due on you and this is beneficial to your country's economy.
In the end, the government only cares about one thing and that is taking taxes. As long as you pay taxes legally, there will be no problem.

The authorities in his country will ask where his funds are from and if he can't produce anything or documents to prove it's from a legit business transaction, his funds will be seized.

If I were him I could just contact a close relative outside the country to send my coins to them. Everybody has a relative somewhere but I guess this is a matter of trust still. And then ask them to convert it to digital cash and send it back.

[Darker45]

You are only making things a lot more complicated I'm afraid.

I suggest that you just find someone within your country who is interested to buy Bitcoin. Choose cash if you wish to avoid the scrutinizing eyes of the banks and that's it.

But if you have a legitimate business or a regular job, you don't have to worry about making deposits to your bank accounts even if some of the funds are actually cryptocurrency proceeds. Just don't make deposits huge enough that they could raise certain suspicions from them.

[yhiaali3]

The authorities in his country will ask where his funds are from and if he can't produce anything or documents to prove it's from a legit business transaction, his funds will be seized.

If I were him I could just contact a close relative outside the country to send my coins to them. Everybody has a relative somewhere but I guess this is a matter of trust still. And then ask them to convert it to digital cash and send it back.

If he can buy some expensive things from a foreign country, such as computers or electrical tools, and he ships them to his country, and there he sells them and gets their price, and so his money will become completely legitimate. In addition, he can make an additional profit by selling this commodity at a higher price.
I think that this is the best solution, so no one will be able to ask him about the source of his money, because it will become completely legal.

[KryptoKings]

The authorities in his country will ask where his funds are from and if he can't produce anything or documents to prove it's from a legit business transaction, his funds will be seized.

If I were him I could just contact a close relative outside the country to send my coins to them. Everybody has a relative somewhere but I guess this is a matter of trust still. And then ask them to convert it to digital cash and send it back.

If he can buy some expensive things from a foreign country, such as computers or electrical tools, and he ships them to his country, and there he sells them and gets their price, and so his money will become completely legitimate. In addition, he can make an additional profit by selling this commodity at a higher price.
I think that this is the best solution, so no one will be able to ask him about the source of his money, because it will become completely legal.

You must be kidding right? Do you know even highend computer will cost only $2000 and what about the custom fee that I have to pay?
And how many times do my relative has to send such gifts?
Even if I get some commodity, why would someone buy it at higher price from me?
And what about the tax on profit that I will earn by selling that commodity.
I think you haven't considered all the aspects before suggesting the solution.

[yhiaali3]

You must be kidding right? Do you know even highend computer will cost only $2000 and what about the custom fee that I have to pay?
And how many times do my relative has to send such gifts?
Even if I get some commodity, why would someone buy it at higher price from me?
And what about the tax on profit that I will earn by selling that commodity.
I think you haven't considered all the aspects before suggesting the solution.

Well, I really didn't think about all of these aspects, but the basic idea is that he wants to convert bitcoin or cryptocurrencies into cash and send it to his country in a legal way, so I don't see a problem (for me at least) for losing some customs fees in order to transfer bitcoin to his country in a way legitimacy. In the end, the choice is for him and he will definitely choose the method that suits him.

[qwertyup23]

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?

Your best bet would be to sell your BTCs p2p or to sell them personally by meeting up with people. As dangerous as it sounds, that would only be your remedy in order to bypass this prohibition imposed by the government.

If you attempt to bring back your BTCs from another country, store them in an exchange but never deposit them into a bank. I have a friend of mine that exchange large amounts of BTCs to the bank and the latter froze his account due to alleged anomalies regarding this huge transactions. This is also considering that BTCs in our country are NOT prohibited.

[stomachgrowls]

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?

It would really be hard if we are talking big amounts on here because even if you do flew on other country the expect that they would really be asking out the source of those funds
if you do tend to put it up on your bank account and in the form of cash then for sure you they would be looking up on whats the source.If you do tend to pretend on selling out
something which isnt crypto related then what would you do? You cant just provide some fake documentations or papers which would surely fucked you up.
Better to sell those coins in gradual phase which on an amount that wont trigger out your bank rather than making bulk one time transactions
which would ring up the bell.

Selling them in small portion will be very tiring job. I have to keep finding some genuine buyer constantly plus I also have to see I get the best price. I, obviously, wouldn't want to sell in bear market.
I would prefer to get rid of all of them in one go to make most of bull market and also to invest that money in some other business.
Most of my current source of income is crypto trading which is going to be ceased once ban in implementimplemented.

Yes, it might be tiring but this one would be the nearest possible thing that you can do now because selling it on bulks could really make out some triggers neither you do
personally bring those fiat or cash yourself or would be deposited on your bank account. You wont be any having some choice.

Even sending amounts on several loved ones or relatives bank accounts could really be making out some question but though it will vary on the amount
that wouldnt trigger something.

Having this kind of cashouting problem is still giving some headache eh? 

[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?

The laws of one state territorially refer only to the territory of this state. Therefore, if you go to the territory of another state where cryptocurrency is allowed, and there you sell your cryptocurrency, transferring it, let's say, into a stablecoin USDT, so as not to transport cash across the border, then from the point of view of the law, I think there should be no complaints. After all, if you go to a country where it is allowed to smoke marijuana and smoke there, then in your country they do not have the right to prosecute for this.

[willoweb]

I think if we are talking about a small amount of money, I doubt that anyone will be interested in it. It all depends on which country you live in. If this is North Korea - there will be problems in any case, if India - problems are possible, if you live in the Russian Federation - then everyone will be indifferent. The simplest solution is to exchange assets for ordinary money in the second country, to buy something valuable with this money, for example, gold or something similar. Nobody will ask you "where did you get such an expensive watch"! Returning home - just sell them, and declare the money from the sale and sleep peacefully. 

[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?

The laws of one state territorially refer only to the territory of this state. Therefore, if you go to the territory of another state where cryptocurrency is allowed, and there you sell your cryptocurrency, transferring it, let's say, into a stablecoin USDT, so as not to transport cash across the border, then from the point of view of the law, I think there should be no complaints. After all, if you go to a country where it is allowed to smoke marijuana and smoke there, then in your country they do not have the right to prosecute for this.

Yes right if I go to some country where smoking marijuana is allowed and I smoke there, it's okay but problem will occur if I bring that marijuana to my country where it is banned.
Similarly if crypto is allowed in some country and I go there and sell it, it's okay but problem will arise when I bring that money to my country.

[Streets 2.0]

You can just negotiate with someone in another country. Transfer cryptocurrency to him. In a country where it is legal, a person will sell your assets and transfer money back to you, for example, as a donation to your organization, or simply by transferring as an individual to an individual. As I understand it, if the amount is large, it can be divided into several smaller ones so that there are no questions. It can also be formalized as a "loan". Nobody will tax your "loan" from an individual and if you do it not often and with different people - this method can be a solution.

[coin-investor]

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?

Are you going to tell the authorities in your country that you are going to do this, if you are then they will tell you it's illegal, but I'm sure you will not, your plan is great if implemented properly, I don't think it's cheating you have the right to protect your assets and make profit out of it since it's illegal in your country and they are not offering to tax you, I will also do the same thing if I am in your situation.

[Ibrahim60]

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?

If somehow your government ban Crypto, holding Crypto, mining and trading then go to that country where Crypto is not illegal. Also i will suggest you that live in that country permanently. Why you want to come back? Ok, if you want to come back in your country with all the money you get by selling crypto then i think you need face some trouble. Because you need to show documents that where you get all the money. So this is good idea for you that leave you country permanently.

[willoweb]

There are many solutions to this problem, and the choice of which way to go depends on everyone who faces this challenge. I think it is worth considering the maximum number of different options from the most radical ones like moving to another country - but this is quite difficult and costly, you can find a solution while staying inside the country. I don’t think it’s that bad unless you live in North Korea. Find a living cryptocurrency community in your country - talk to people who have long ago solved your problem for themselves and do the same as they do.

[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?

If somehow your government ban Crypto, holding Crypto, mining and trading then go to that country where Crypto is not illegal. Also i will suggest you that live in that country permanently. Why you want to come back? Ok, if you want to come back in your country with all the money you get by selling crypto then i think you need face some trouble. Because you need to show documents that where you get all the money. So this is good idea for you that leave you country permanently.

Getting permanent nationality is not easy particularly in those few countries where crypto is legal.
Even if one gets nationality for himself, getting nationality for your family is another hard task.
I am looking for some more practical solutions which haven't yet come across my mind.
Leaving the country is the first thing that come to consideration.

[Findingnemo]

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?

If somehow your government ban Crypto, holding Crypto, mining and trading then go to that country where Crypto is not illegal. Also i will suggest you that live in that country permanently. Why you want to come back? Ok, if you want to come back in your country with all the money you get by selling crypto then i think you need face some trouble. Because you need to show documents that where you get all the money. So this is good idea for you that leave you country permanently.

Getting permanent nationality is not easy particularly in those few countries where crypto is legal.
Even if one gets nationality for himself, getting nationality for your family is another hard task.
I am looking for some more practical solutions which haven't yet come across my mind.
Leaving the country is the first thing that come to consideration.

Even if you move to another country where crypto is legal, you need to pay taxes as capital gains if you want everything happen legally, or you can find someone personally and get the physical cash instead of bank transfer then use illegal remittance service which may cost you 5 to 10% to get the money back to your own country which is pretty much similar in every country.

[willoweb]

In my opinion, it is better to pay taxes and based on this calculate your income, but be calm and confident that inspection authorities, such as the tax one, will not come to you and start shaking all your income, property, etc. in search of violations. So I think that if you choose between illegal income and taxable income (even if it is high), the second option is still preferable. This is subjective but logical.

[plr]

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.

[CryptoYar]

Yes. You can say that I did some business abroad and it is all my profit. Surely the government agencies will take money from you as tax and after that, they will give you a clean chit.

By the way, I don't think any country would afford to ban bitcoin or other cryptocurrencies. As 100+ countries have given it to legal status and other countries are working on it ... So don't worry about it.