im very excited to share about one of my friends condition.
he lives in an asian country where bitcoin is not legal to government.
he invested in bitcoin and he owned a second hand motorbike shop.
now he wants to dealing with crypto for his shop.
in this circumstances what should he do or which step best for him.
expect better suggestion from good people
In Asian countries where bitcoin transactions are not legal, people are also facing many problems. There are many people like your friend who are investing in Bitcoin even though it is illegal to invest in it.Then is because the government has not yet banned the exchanges in which Bitcoin is being traded. So people are not facing any problem at present. If bitcoin transaction is not legal in your friend's country then how is he thinking of doing bitcoin transaction for bike in the shop? What will he do if the government decides to ban all the exchanges?
When the government declares something illegal then taking it is also against the government's decision, but if someone keeps it as an investment then it is fine, but using Bitcoin to transact in a shop can definitely cause problems for him. So he might change his decision to deal with crypto. Rather, the deal in the shop will be better with the local currency. He can also acquire bitcoins with local currency. If his purpose is to accumulate bitcoins.