Re: Using bitcoin for transactions in country where it is illegal.
You should never enter into a Bitcoin transaction agreement with any party in a country that does not accept Bitcoin, i.e. where it would be considered a criminal offence.
If you want to do a business deal with a party, you must do the transaction in the local currency of that country, otherwise, if the transaction is done through Bitcoin, and if a party denies the transaction, then both parties will be punished in the legal trouble.
Yes, that's right. Indeed, as good citizens we must obey the rules in the country where we are or the country we visit. Although bitcoin transactions are carried out with the consent of both parties, if the country prohibits transactions with bitcoin, it is better not to do it. because this is the same as a drug transaction, both parties agree but the country prohibits it, then it will be a criminal act and can be arrested. It would be wiser for us to use legal local currency for transactions.If you want to do a business deal with a party, you must do the transaction in the local currency of that country, otherwise, if the transaction is done through Bitcoin, and if a party denies the transaction, then both parties will be punished in the legal trouble.
In my country there was an incident of a transaction using crypto and both parties were eventually arrested. sometimes there are people like this who make the crypto world bad, as if crypto is a crime so that it is hated by the country that has banned it as a means of transaction. So it is wise to use crypto properly.
This is a case that happened in my country.
https://www.cnnindonesia.com/nasional/20230530135954-12-955787/polda-bali-tangkap-pengelola-rental-mobil-layani-transaksi-kripto
If we are really good citizens, we will not use, not invest in bitcoin when it is considered illegal in our country. We have not been good citizens in the first place by using bitcoin and even using it to evade taxes.
If our country bans bitcoin, we better avoid anything that is considered illegal and that is the only way to protect ourselves. Don't expect the law to protect or condone our behavior when we know the law but still intentionally break it.
As of now, not many countries accept bitcoin as a currency or payment method, it would be a bad idea to use it as a currency and expect the government to protect us. We should think about the consequences of the problem before doing anything that is considered illegal in our country.