Post
Topic
Board Beginners & Help
Re: If your country does not allow the use of Bitcoin, what would you do?
by
Tellek Garing
on 03/07/2021, 12:18:53 UTC
A few days ago, it was learned that El Salvador has set Bitcoin as legal tender, China has banned mining, and India has also stated that it has banned cryptocurrency by legislation. Recently, the German Fund Positioning Act allows investment in cryptocurrency, but in the past few days, I have seen a lot of discussions about whether Bitcoin is legal. What should I do if Bitcoin is prohibited in my country/region? If mining is prohibited, do I need to switch to a place that recognizes Bitcoin to continue mining?
Is bitcoin trading in your country should what to first think of, check your local board on this forum to know about that, if you do not have local board, check exchanges like binance or the one common in your country, if people are using it, you will know that crypto can be used in your country. The best is to find someone you can buy and sell bitcoin to, make sure you hold on noncustodial.