Post
Topic
Board Bitcoin Discussion
Re: Using bitcoin under a ban
by
passwordnow
on 09/08/2025, 13:56:23 UTC
If someone kept using bitcoin despite a ban, will he be considered brave? Or will he be considered suicidal? Especially if the government imposes strict bans that could lead you to being jailed simply for using bitcoin.
Depending on the punishment but I don't think it will be heavy. So for someone who's in that country where in Bitcoin is banned, we have no choice but try to move to another country if we ever want to cash out. Because it's no use if there are no local exchanges or even some international exchanges are there, it's easier for them to integrate with these exchanges for tracking citizens that are using or trading Bitcoin. So, going to another country just to sell it there would be fine and just wire transfer the profit that you'll get from there.
I will consider a person that is determined to hold Bitcoin in a country that it is banned as brave because it's not like Bitcoin is harmful to anybody except the holder is into money laundering. It also depends on the punishment for the ban, if it is life imprisonment or death sentence then I will consider it suicidal, why risk your life and die because of Bitcoin. The best option for Bitcoin enthusiasts in such countries is to move to a Bitcoin friendly country where they will be free to hold, trade and invest in it. From my point of view I think that it is unfair to restrict people to hold Bitcoin considering everything that it has achieved within a short period compared to gold and real estate that hat always been for ages.
Yes, that's also what I think that if someone is in a country where Bitcoin is restricted. It's best to move to a free country where he or she can sell those Bitcoins and have it in cash if there is a need to bag some money going back to that mother country. And even it is unfair in our eyes, I don't think that we can't do anything about it if it's the law in that country. Citizens just have to adhere to the laws and if they don't like it, they've got the choice to flee and move to another one or just be a tourist, sell/buy some BTCs and go back afterward.