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Author Topic: If crypto is banned in my country  (Read 747 times)
jrrsparkles
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November 30, 2021, 03:34:49 PM
 #81

yes maybe you will understand better if that happens...you can still use your own country's currency without having to think about crypto...because it takes time to adjust your country's regulations....
If you think you can use your country currency and its better than bitcoin then I don't understand the existence of you here, bitcoin is different from the traditional paper bill and Bitcoin cannot be banned by banks. And if they do then it will look like this










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Mars,           
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ElonCoin.org.
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December 01, 2021, 10:50:39 AM
 #82

No one can know the total amount of your cripto, only know if the exchanges revelated your identity and this will be iligal becouse protectet laws of identity. This mathers are not so easy like you think.
jrrsparkles
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December 01, 2021, 04:22:29 PM
 #83

No one can know the total amount of your cripto, only know if the exchanges revelated your identity and this will be iligal becouse protectet laws of identity. This mathers are not so easy like you think.
Hiding our money from government is illegal in most of the country because it is related to tax reporting but when government isn't asking then no need to reveal it that is why developed countries bring regulations and countries who doesn't understand what is bitcoin says that they are banning bitcoin. Tax avoiding is legal and every rich man is doing it so the same goes for crypto earnings when government doesn't have proper guidance for reporting them then the people will take advantage of it.









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Mars,           
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.
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December 01, 2021, 07:10:03 PM
 #84

if the bitcoin ban is in your country, then you don't have to bother traveling to other countries just to sell the bitcoins you own. You only need to contact your business partners who are abroad without having to waste travel costs. and i don't think there is anything to worry about for that.

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December 07, 2021, 07:52:34 PM
 #85

No one can know the total amount of your cripto, only know if the exchanges revelated your identity and this will be iligal becouse protectet laws of identity. This mathers are not so easy like you think.
Hiding our money from government is illegal in most of the country because it is related to tax reporting but when government isn't asking then no need to reveal it that is why developed countries bring regulations and countries who doesn't understand what is bitcoin says that they are banning bitcoin. Tax avoiding is legal and every rich man is doing it so the same goes for crypto earnings when government doesn't have proper guidance for reporting them then the people will take advantage of it.
When it comes to illegal doing then this would be particularly talks about  the two because it doesnt matter whether dealing with fiat or crypto.There would be always those people who do hide their assets or simply in correlated with tax. How much more in crypto?

This is why government do really tries to crack out specially on crypto space because they do know that tendency or chances is really high.

And on the time comes where government doesnt really able to control it out then thats the time they would banned it but it doesnt really
make the difference? People could still make out some access if they wanted to.

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