Post
Topic
Board Bitcoin Discussion
Re: Government don't accept Bitcoin.
by
Vishnu.Reang
on 13/12/2020, 13:32:09 UTC
Our country government don't accept bitcoin. If anyone use bitcoin and know it state police Caught him and give punishment. But i like bitcoin. How can i use it? And I want to explain that bitcoin is not bad for me. How can i successfully explain?

As long as you don't use your bank account to trade in cryptocurrency, the government will be unable to find out whether you own any cryptocurrency or not. But then the question comes how can you purchase cryptocurrency, without using your bank account. There are several methods, but they involve additional markup. One method is to use peer-to-peer platforms (where KYC is not required) to exchange gift cards (which you can purchase with your bank account or credit card) for Bitcoin or any other cryptocurrency. Another method is to send funds (in fiat currency) to some intermediary outside your country. He will purchase cryptocurrency and send it back to you.