Post
Topic
Board Bitcoin Discussion
Re: Can Bitcoin be used as proof of funds during visa application in your country?
by
Gladitorcomeback
on 15/09/2024, 16:40:04 UTC
I suspect that countries like El Salvador might accept Bitcoin for such proof. How is the situation in your own country? My country will not accept Bitcoin because the government is anti-crypto. 

In my country, you wouldn't even want to mention that you own or are involved with cryptocurrencies because before your visa gets approved, you will have to have a chat with the authorities and bank officials and any money that you have will get confiscated because it will be suspected of being withdrawn from selling cryptocurrencies which aren't allowed in our country. So as long as you can hide these things, you are good, but as soon as they come to know, you are in trouble.

Banks, especially, and other government institutions in our country are completely against cryptocurrencies and their sale and purchase. The state bank had issued a notice to all banks for now allowing transactions involving cryptocurrencies and those who are involved should get their accounts frozen and their funds confiscated this has happened to a lot of people. Sometimes you get out of it by twisting things here and there and sometimes you don't.