There are so many different rules in different countries, sometimes even BTC is banned, yet there are still BTC transactions in these countries. How does it work? Is it easy to sell btc in your country, or to buy something with it? What have you bought, for example? Or what are you planning to buy?
Unfortunately for us, Bitcoin has been banned in my country since 2018 and due to the lack of clear regulations surrounding this law which prohibits both transactions and holding of any crypto asset it’s difficult to use it publicly or even sell hardware wallets and mining devices.
As someone who mostly deals with Bitcoin and cryptocurrencies, I rely on centralized exchanges, even that I don’t trust in most centralized services I have to sell my assets to individuals interested in buying them through bank transfers (p2p).The black market offers significantly higher prices compared to official exchange rates which actually works in my favor when I sell my income. However, the government has recently started some investigations on local bank accounts, trying to crack down any transactions related to crypto or funds from unknown sources.
If I were to rate the difficulty of spending Bitcoin in my country on a scale 1 to 10, I would say it’s a 7/10. It’s also risky, especially if you ever asked to justify the source of your funds.