Quote from: BALIK on Today at 07:40:46 AM

Quote from: YOSHIE on December 08, 2023, 01:29:52 PM

Quote from: Honyek on September 26, 2023, 04:22:31 PM

What will you do if you are a fan of bitcoin but your country did not legalize cryptocurrency?

Many countries do not want to recognize Bitcoin as a legal currency in every country, in general they say it is illegal, but other facts say, Bitcoin can still be bought and sold on exchanges operating in that country.

Many cases I have seen in some countries state that Bitcoin is illegal, but the exchanges operating in that country are legal, does this indicate that the exchange pays taxes to the country, actually that is what happens, the country declares Bitcoin illegal, but they never dosaid the exchange was illegal.

For me, I don't really care if the country declares Bitcoin illegal, the important thing is that the exchange is not illegal, the country cannot control Bitcoin, so for me everything is safe.

I think declaring bitcoin illegal and declaring bitcoin an illegal currency are different. Currently, there are not too many countries that accept bitcoin as legal currency, but there are many countries that have legalized bitcoin as a commodity and asset. So people can still trade, buy and sell bitcoin on centralized exchanges, which is not so strange.

Bitcoin is gradually being recognized as an asset rather than a currency, and not many countries ban it anymore. Regarding its legalization as a currency, other than El Salvador, there is no second country.

This is why it would really be that important that you should really be aware on the current laws or bills that you do have in your country in regarding with cryptocurrencies so that you wontreally be putting up yourself on such possible issues or problems that you might be able to face on just because you had really that made yourself skipped out something. Its true that not all countries are already considering Bitcoins to be a legal tender or something that officially that been accepted or regulated. There are still some places on which they are really that still on the neutral side on which means they arent banning it and also they arent considering on regulating it.So far we are still on adoption rate on which we cant tell whether it is really that on fast pace or on a slow gradual phase increase. It is really just that not all corners of the world would really be considering Bitcoins existence or cryptocurrency as a whole.

If it turns out that my country would really be banning or wouldnt really be legalizing crypto then it is really just that fine.If its banned then there are tons of ways
for you to deal up without being that caught but of course you should be engaging things with own risks.