Post
Topic
Board Economics
Re: Thank you Bitcoins .
by
Erza
on 07/03/2018, 10:33:55 UTC
My country exchange control is the weirdest thing you have ever seen. They are quite comfortable with you importing all sorts of junk from overseas, and paying with your credit card (via PayPal), but receiving money is a problem. Quite the opposite from what one would expect to be rational.

EFT (Interbank Transfer) is probably the best, but there are high transaction costs, so it doesn't work for small amounts - you may have to pay between USD30 to USD50 per transaction, and a fee on this side. There will also be Exchange Control paperwork on this side, you should discuss that with the bank before you go.

But I’m glad that I have bitcoins because I can send bitcoins or received bitcoins in a flash and the transaction fees is very low. You even don’t have to show your identification card like you must do at your bank.


Good to hear that anyway, but some of our country that do not support this thing. First reason is because they do not even allow bitcoin to exist on their country, some of them said that bitcoin bring bad influence to them. And the second reason is they may be support bitcoin but not for payment but only for trading or may be investment. They do not forbid this thing, there are two conditions and I believe many of this countries allow the second reason to exist. And big country will accept the first reason, like Japan and Korea may be