Quote from: BenCodie on Today at 11:23:44 AM

Quote from: Obari on June 07, 2023, 05:41:03 PM

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.

It is true that the transactions that take place in the crypto market are not permitted by the government of our country through banks. That is because crypto currency is not legal in our country. If you have a large amount of Bitcoin holdings, you must consider your security. This is when you trade of course you can't trade a lot at once. If you do a lot of transactions at once then you can be in danger.