Post
Topic
Board Bitcoin Discussion
Re: Is there any problem if we use crypto for international transfers ?
by
jkoil
on 10/09/2022, 18:20:51 UTC
I need some valuable comments ,, especially from indians
Any part of the world you can easily make transfer, nobody will know about it and nobody can stop it, that's why bitcoin is different from fiat, if you are planning to send money internationally, you have to abide by the rules and regulations of the country and also sometimes their is always limit, but when it comes to bitcoin, you can easily transfer any amount you like to anybody in different country nobody will stop you and their is no limit. I think that's among the reasons why most countries don't really like bitcoin and they always say it's used for illegal activities.
It is true that this is a special feature of Bitcoin that you can transfer it to any country in the world at any time. But the point is not that , the point is when you start investing or spending from that fund in a country, that country will ask you about the source of your fund and then you will have to face the problem unless your money is white or  if not, the cryptocurrency is legal in the country.