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?
If it were happened I would not use bitcoin on the territory of my country. Instead, I would go abroad to the land where BTC is allowed to use and spend my bitcoin there. The other option for me is to find friends in countries with legitimate use of bitcoin and make the mutually profitable BTC-fiat swap.