Is it easy to spend btc in your country?

[hero_the_bossman]

^ Such countries can only halt the progress taking place.

Eventually, they will probably reconsider their positions and move with new strategies put in place.

[Crypto Library]

That's the right decision, even though if the sum is big bank can ask you the details, it is still the safest option for you, I believe, which is really important.

Actually right now I am a student and my earning source is also from the crypto space that is why I faced issued with the bank transaction one of the bank of our country already mail me that I have to upgrade the source of income and also the recent past  transaction source.
I was just shocked! Even when I physically contact with the branch one of their employees suggest me to withdraw my all fund from the bank because if I can't show any document may be my account can be freeze.

And that's what I did, I withdrew all my funds from that bank and kept them in cash. And currently, I only use my cryptos converted to fiat currency through mobile banking. But I'm worried about when I'll be warned about mobile banking again.

[AHOYBRAUSE]

I think it was easier before but now I don't see the option to pay with btc that often here in Japan. I remember in around 2016/17 I bought a new macbook with btc at a big electronics market ( yodobashi or bic camera, don' remember ), I even got a discound because of paying in crypto. Also at that time quite some cafes and so on added some btc and other currencies to their payments options, which was nice. Problem of course still was confirmation times.
Nowadays I don't see it that often actually, which of course is kind of sad. I don't know what happened, maybe it came with all the regulations around 2018 and 2019. After those even localbitcoins scrapped "buy/sell for cash" as an option in Japan. 

[LDL]

That's the right decision, even though if the sum is big bank can ask you the details, it is still the safest option for you, I believe, which is really important.

Actually right now I am a student and my earning source is also from the crypto space that is why I faced issued with the bank transaction one of the bank of our country already mail me that I have to upgrade the source of income and also the recent past  transaction source.
I was just shocked! Even when I physically contact with the branch one of their employees suggest me to withdraw my all fund from the bank because if I can't show any document may be my account can be freeze.

And that's what I did, I withdrew all my funds from that bank and kept them in cash. And currently, I only use my cryptos converted to fiat currency through mobile banking. But I'm worried about when I'll be warned about mobile banking again.

Bangladeshis only have to face this problem because a student may have an account in his bank and there may be money in that account, so he has to submit valid documents to show the reason and show the source of income, which is not desirable in any way. When I was a student, I needed to show my source of income to deposit money in the bank, and I was able to deposit the money by showing my source of income. If we have to face such problems when depositing our local currency in a bank, just take a look and imagine how many problems we would have faced if we had gone to transact in Bitcoin. We would have even faced more physical punishment including jail and fines.

[armanda90]

In my country Indonesia, bitcoin not legal using for payment transaction but still allow if as commodity or investment assets, our government have adopted regulation about bitcoin transaction including taxes payment every transaction making at local exchange but still not allowed if using for payment currency transaction. Since bitcoin have been popular around last ten years ago, my country citizen have using bitcoin and altcoin as investment or trading assets only have got regulation from government trough local exchange market transaction, allow deposit and withdrawing cryptocurrency fund to bank.

Our government adopting taxes regulation around last two years ago and every transaction making at local exchange have to pay taxes around 0.12% between buy or sell order, its my country regulation about bitcoin only adopt as commodity or trading assets but can't using for payment currency transaction.

[Bd officer]

The government should not be stopping there citizens to accumulate and hold Bitcoin because is not a criminal act or something that will destroy a country so I don't see any reason why some government will not allow there citizens to engage in Bitcoin fully.

I don't know why Bitcoin is illegal in other countries but Bitcoin is illegal in our country for various reasons. The government of our country thinks that if Bitcoin is legalized, it will be easy to launder money through Bitcoin in the country, this is the main reason. Besides, they think it will be easier to buy illegal weapons and various illegal things using Bitcoin. Now the government of our country only thinks negatively, they should also consider the positive aspects. Now the popularity of Bitcoin is increasing day by day and Bitcoin has been legalized in many countries. Big companies in the world have invested in Bitcoin. So the countries that are currently against Bitcoin, hopefully those countries will legalize Bitcoin in the future.

[Kelward]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Bitcoin is not banned in my country but our government is not crypto friendly and that is the reason why it's not popular as a means of payment. Except for investment purposes I've never spent Bitcoin as a currency to pay for anything because it's not widely accepted. The issues that our government is having with centralized exchanges and banks being prohibited by our Central Bank not to facilitate crypto transactions is the major crypto problem in the country. Reputable exchanges like Binance have disabled their p2p transactions and many people are skeptical to identify with cryptocurrency. Many businesses don't openly accept Bitcoin as payment, perhaps they don't want our law enforcements to come after them for scrutiny over money laundering.

[Cheema02]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

In my country, Bitcoin is not fully functional in Pakistan. It is not being worked on openly. People want to invest their money in a place where they can get a good output. Since Pakistan is an Islamic country and the people living here follow one or two religions, there are also different boundaries in it where people follow them according to their own interests. Some scholars say that Bitcoin is halal while others say that it is not halal. There are two different opinions about it. And this is because it is not properly functional in Pakistan. People are not able to work on it that much. There is great interest shows by the public of pakistan as it is a developing country. There are many problems here too. People want to adopt a good lifestyle and invest so much money in a place where they can get a good return. But due to policies and some boundaries, everything is not happening as planned.

[EFS]

You can't buy or sell any good or services in Türkiye with Bitcoin or any other crypto-currencies. They banned it a while ago. This was possible before the legislation changed.
You can trade Bitcoin and crypto-currencies in exchanges though. They didn't impose such a ban because these transactions are recorded. Since goods and services sales are highly prone to manipulation and AML procedures have become stricter in Türkiye, instead of taking on the burden of monitoring them, they chose to implement an outright ban.

[madnessteat]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Some countries the government is totally against Bitcoin but the citizens still fine a way to buy and sell there Bitcoin, it is always very difficult for a government to stop Bitcoin transaction totally in a country especially since is online transactions and you can't trace such transaction.
The government should not be stopping there citizens to accumulate and hold Bitcoin because is not a criminal act or something that will destroy a country so I don't see any reason why some government will not allow there citizens to engage in Bitcoin fully.
Those countries that there government allow them to invest and use Bitcoin freely are very lucky, there was a time in my country if you are caught trading Bitcoin or any cryptocurrency you will be arrested so because of that people where very scared but people still fine there way.
Any government that refuse to accept Bitcoin is not doing there country any good because they will lose out from good opportunities that Bitcoin will bring.

The authorities of many countries that prohibit the use of Bitcoin in payments are interested in using the national currency. This allows them to have more control over financial flows in the country. The authorities of such countries consider Bitcoin as an alternative to the national financial system, so they try to limit its use in every possible way. No one wants all the payments in the country to move to Bitcoin and the demand for the national currency to fall. In addition, many states will always try to prohibit what they cannot control, but with Bitcoin they are not very good at it.

[tottong]

You can't buy or sell any good or services in Türkiye with Bitcoin or any other crypto-currencies. They banned it a while ago. This was possible before the legislation changed.
You can trade Bitcoin and crypto-currencies in exchanges though. They didn't impose such a ban because these transactions are recorded. Since goods and services sales are highly prone to manipulation and AML procedures have become stricter in Türkiye, instead of taking on the burden of monitoring them, they chose to implement an outright ban.

It is the same in my country because it is not possible to buy goods or services using bitcoin directly in my country and if we do we will get into trouble with the law.
Bitcoin can only be traded on exchanges or maybe we can do online transactions to buy something.
Every country must have rules related to this so breaking them has no benefit and instead we will get into trouble.

Currently I am still quite comfortable using bitcoin as an investment asset and I think it is very detrimental when bitcoin is used to buy goods or services.

[GideonGono]

It is easy to convert our crypto into Fiat in my country, but only few would accept crypto as a payment option.
If we want to use crypto as a currency we still needs to convert it into fiat cause finding a store that accept it is so hard to find.

[Z_MBFM]

It is easy to convert our crypto into Fiat in my country, but only few would accept crypto as a payment option.
If we want to use crypto as a currency we still needs to convert it into fiat cause finding a store that accept it is so hard to find.

The global Bitcoin payment system has not yet gained much traction. Bitcoin is being used as an investment currency, but it is not yet going to be used globally as a payment solution. When online platforms like PayPal, Visa, Master card, AMEX start accepting Bitcoin payments, it will be easy to purchase any product or service directly with Bitcoin from all countries. However, since it is easy to convert Bitcoin to fiat currency in your country, you should not face any problem. In my country, it is also very easy to convert Bitcoin to fiat through p2p. However, it is funny that Bitcoin is still illegal in my country by the government.

[Cookdata]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

If there is a circular been pass around from any central banks and a bill pass by congress or something similar to that, I think it will be hard for people to buy and sell Bitcoin because every centralized exchanges that are operating in that country are going to leave and they will not offer any service and the IP address coming from there will be ban as well. If you register and they found out, you will be ban from using the platform except for faceless decentralized platforms.

In my country, you can buy and sell Bitcoin with ease but there has not been a unified agreements on the presense of the government. It has been like this for the past 9 years of government in Nigeria. One day, Bitcoin is ban and the other day it's legal but most of this circular are not in agreement within the government and hence the ban isn't real literally and people just continue with their usual activities but what people don't do is they don't flex it because Binance and the government have unsettled issues, you don't want to be abused by corrupt law enforcers.

[r_victory]

In my area, there are many places that accept bitcoin as a form of payment, from coffee shops to computer stores. From what I've seen, there are even law firms that accept it. I haven't used it for that purpose yet, but I've paid for domains, hosting, and computer games. There's an Indian restaurant nearby that accepts bitcoin payments. I really want to go there, maybe by the end of this month.

[SmartCharpa]

There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?

Some countries have banned Bitcoin, while others are against exchanges that allow you to easily buy Bitcoin just because it is illegal to use. However, in some countries where exchanges are not allowed, some people use VPNs to change their location to other countries where Bitcoin is accepted and they can access any exchange of their choice, I believe this is how the majority of these countries own Bitcoin when the country considers it illegal.

However, Bitcoin has not been banned in my country, despite many efforts to do so, since even the government owns Bitcoin and youths fight for it. It is easy to sell or buy Bitcoin in my country, the government plan does not work to stop individuals from buying, but payment in Bitcoin cannot be accepted by everyone since they might think you are planning to scam them with a fake transaction.

[Ucy]

It can't be banned. Banning it will be contrary to the fundamental law that governs mankind... It's like banning air or water. Bitcoin is based on natural law, or what we here call Bitcoin principles. The principles are part of human rights,. Going against them will be equal to violation of the rights. The rights are:
Privacy
Transparency
Right to own property
Freedom of speech
Right to participate in governance
Etc
These are  some of the rights or principles of Bitcoin that are according to our natural law.
The best a government can do is to ban people or platforms that use it wrongly from using it in their area of jurisdictions. It shouldn't be a problem to the countries.


We aim to use Bitcoin in ways that do not create problems for nations. Our plan is to sell more things we produce ourselves for Bitcoin. Or things governments contribute little to nothing on. If we must benefit from governments or countries, it has to be mutual rather than parasitic.

[Cityhunter34]

Though, in my country is quite difficult to even open your mout that you are into Bitcoin, talk less of spending it. However, when it comes to anything cryptocurrency our government does not want to hear anything about it, even to the extent of banning most of the P2P exchange. Even as that Bitcoin is not yet banned my country, but just that we can only spend it when we exchange it to our normal currency, without that you can never use Bitcoin as any payment in my country.

[BenCodie]

It is easy to convert our crypto into Fiat in my country, but only few would accept crypto as a payment option.
If we want to use crypto as a currency we still needs to convert it into fiat cause finding a store that accept it is so hard to find.

Similar situation locally here. Many people use cryptocurrency, not a lot of stores accept it yet. Though this seems to be changing, I'm starting to see the B pop up in some niche areas. Those who have crypto are also using crypto debit cards, since some solid options are available to use these days.

[Becassine]

It took me a while to read it all, it's a pity sometimes you don't know what country it's about. What I understand is that governments, on the whole, don't want bitcoin as a currency and are making it difficult for merchants to accept bitcoin or are banning transactions altogether. But users get around these problems by exchanging their bitcoins for local currency to buy in local shops. In this case, P2P is preferable, as it prevents the bank from panicking, denouncing the transaction or freezing the bank account.

By passing through a bank account, the transaction becomes official and can also generate a tax, because if a government can't ban bitcoin, it might as well tax it (as in France, for example). And like taxing capital gains on purchases made with bankcards, France has chosen to ban bankcards.

Bitcoin is truly unique in being both an object of speculation (taxable) and a currency. As a result, it's the subject of much debate among governments, which don't know what to do (tax it, ban it, punish users ....).

I've read (in this thread) that it's pretty simple to use a bank account after selling btc in the Philippines but it doesn't say if there are taxes on the transactions.