Post
Topic
Board Bitcoin Discussion
Re: Cautionary campaign about Bitcoin
by
Odusko
on 11/06/2023, 21:00:56 UTC
Already everything bitcoin related is banned in our country still we are using bitcoin but recently government of our country may be more strict about using bitcoin. NAGAD, the popular mobile banking service of our country, is currently conducting a cautionary campaign in various ways to transact through Bitcoin in our country. They are using social media and leaflets as part of the campaign. Since we are involved with Bitcoin, these things seem scary to us. I already have some investment in Bitcoin and I am thinking of investing some more but at this time news like this is making me weak mentally.  
I don't know what we should do at this point.

First of all, don't let your neurosis get over you. I don't know the sanctions you could face in your country for holding Bitcoin, so I don't fully understand the seriousness of the matter, but getting caught is more difficult than it looks so try to be tidy, learn coin control, and when the time comes and your country lifts the ban maybe you can sell and live a dear life.
I don't see reason why any one should continue to use something that is ban, Bitcoin bitcoin is exception since no. One can trace your bitcoin is it held in a non custodial wallet where only you have access and can operate the wallet, unlike the other ways where your bitcoin are held on an exchange this is something that is risky and can lead to possible sanctioning from the authority since the exchange are centralized and for you to operate an account with them you need to go through verification which mandates you to provides IDs and other personal data for verifications.

So it is left for the individual to choose from where. He's holding the coins to keep them out of government readers.