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Author Topic: Don't panicked if bitcoin illegal in your country.  (Read 794 times)
noorman0
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June 13, 2022, 01:25:18 PM
 #41

In my country bitcoin has not been legalized by the government but there are applications for crypto currency transactions that have been taxed for each transaction maybe this is a sign that crypto currency will be legalized by the government.

Very strange, can you be more detailed about the tax, is it a self-report or a tax deduction directly from the application?
In a normal country when you are taxed, there is a legal force that oversees and protects your transactions.

Be careful of applications that act in the name of tax fees but actually dredge your assets in a dark way.

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June 14, 2022, 12:09:57 PM
 #42

Well said.
In the UAE the authority is thinking to validate crypto license. It's been talk of the town for a long time but still there's no concrete step. But some crypto exchange company already operating full-fledge. In case of crypto legal consultancy in UAE people can learn more from law firms who is offering free legal consultation in Dubai. Saif Al Shamsi Advocates and Legal Consultants is one them providing legal solution for crypto crimes. Visit: https://saifalshamsiadvo.com/  Roll Eyes
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June 15, 2022, 05:27:26 PM
 #43


Bolivia.
China.
Colombia.
Egypt.
Indonesia.
Iran.
India.
But still they are big cryptocurrency traders and doing cryptocurrency trading.
No matter what the country does about the prohibition law but still transactions are smooth.
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June 20, 2022, 02:59:39 AM
 #44

Indonesia.

i am from indonesia and yes here crypto is highly regulated but not 100 percent illegal you can still trade the bitcoin and other of crypto as asset and there is Gov department to take care of it . in here Crypto still illegal if u are using it for payment replace the fiat.

if the country said illegal like indonesian back years years ago i still can withdraw throught P2P merchat and yes the price might have bigg slippage

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June 20, 2022, 08:23:21 AM
 #45

China.
~Snipped~
But still they are big cryptocurrency traders and doing cryptocurrency trading.
No matter what the country does about the prohibition law but still transactions are smooth.
I have to disagree if you're implying "Chinese nationals" that are currently living in China can "easily" transact in BTCitcoin, despite imposed restrictions!
- I wouldn't label those transactions as "smooth" if they have to go out of their way to achieve the desired result.

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