Post
Topic
Board Bitcoin Discussion
Re: Is it easy to spend btc in your country?
by
salad daging
on 03/05/2025, 19:45:46 UTC
In my country, bitcoin is a commodity asset, so buying and selling it is not that complicated, it can even be said to be easy, the same as stocks, gold, or others. There are several local exchangers that provide bitcoin buying and selling services and all of these exchangers are already under government regulation.
Yeah buying and selling on local exchanges is already tax paid so we don't need to pay taxes independently so that's what makes us happy where bitcoin as a commodity asset is now growing rapidly because many young people are starting to get involved in cryptocurrency.

However, bitcoin is prohibited from making transactions because this will violate existing regulations, to make transactions must still use fiat because it is a legal means of payment. However, there are also some who are naughty using crypto as a means of payment which in the end the users are arrested by the authorities. So overall crypto assets in the country are quite easy to own, the same as buying gold.
Have you heard before that someone in a certain area of our country paid for a transaction using crypto and they were arrested and put in jail.
So the government is indeed very strict about the rules of this transaction, only fiat is allowed to be used while BTC and other cryptos are strictly prohibited.