Post
Topic
Board Bitcoin Discussion
Re: Cautionary campaign about Bitcoin
by
Yatsan
on 11/06/2023, 23:37:30 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.
In my point of view, you can still invest in bitcoin as long as you invest bitcoin in foreign platform. Buy and store your bitcoin on a platform which is not tracked by your finance regulator of your country. Then when you want to sell your bitcoin,  you can sell it on b*nance (as one of the largest trading platform) or any trading platform which supports a withdrawal into USD or into your FIAT directly.
As long as there's no clear sanctions to those who will be proven to use or invest into this technology, I think there's nothing to worry about. It is a campaign which probably just warns the public due to the risk involved. Those who would be easily convinced not to do so are basically ones who knows nothing mucb about this industry. Not unless there will be a direct prohibition 'coz you might have trouble accessing and transacting with your funds which would really impose risk in your asset. But if you are really worried, then try making a pause, you won't be wrong for that, and wait for things to be more clear regarding this movement of them.