Post
Topic
Board Bitcoin Discussion
Re: How safe are physical exchanges in your neighborhood.
by
BenCodie
on 14/06/2023, 11:23:44 UTC
I believe  the topic speaks volume for itself as it is already self explanatory.
This question was born out of a real life experience  where a petty trader was publicly  harassed by some uniformed security  personnels claiming  to be some police  officers and after some investigations the security  personnels claimed that the woman aided some criminal  activities  as well as some internet fraud simply because she made her private exchanges public and the government as some point also frowns  at the use of bitcoin  in my country.

Now my worries is that, this singular act has driven alot of fear to some low key bitcoin holders in my neighborhood  even myself and there are shops I hope in town that operate physical  exchanges.

~Do you think those dealers are safe?
~And what's the fate  of physical  cryptocurrency exchanges(r) in your country?

Let's  discuss

That is a sad story...however the unfortunate reality is that anyone who is deciding to do Peer to Peer trading for a living must maintain privacy measures in the event of something like this happening. Obviously, governments will not like traders helping other people buy/sell Bitcoin without using institutions and regulated exchanges. So, do I think dealers are safe? Yes. If they are responsible in the way that they conduct their business and maintain their privacy. What's the fate of a physical cryptocurrency exchanger in my country? Probably something similar to what this woman suffered, unfortunately. I think this would be similar in most places. I do hope that this changes in the future.