Bitcoin is a digital currency that circulates freely, without any control or supervision from banks, governments, or anyone else. In contrast, bitcoin relies solely on cryptography and software between computers.
what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country?
what if the government closes or does not allow the exchange of Bitcoin or cryptocurrencies with the official currency in each country?
As far as i know there are already some countries out there that have laws in place to prevent their people from trading cryptos or using them as a payment. Such laws seem like a huge obstacle for people in that countries that want to trade cryptos and pay with them but in reality i think that such laws are almost impossible to control. You can always use a VPN to access crypto exchanges and then you are free to trade cryptos there and there are also still a lot of exchanges out there that allow trading without the necessity of a KYC check. It is still a nuisance if you want to cash out your profits that you made with cryptos. The way around that is more complicated i would guess.