How easy it's to use cryptocurrency in your country ?

[Amug123]

Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

[_act_]

You do not have to depend on exchanges before making transaction. Government will find it impossible to ban noncustodial wallets.

But your question is somehow because most countries have government that are supporting bitcoin.

[Crypto Library]

Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

I am from Bangladesh and in this country currently the cryptocurrency is banned and uses of cryptocurrency is illegal as our central bank.
But to be honest it is really easy for accessing the cryptocurrency because of this have the extra features not like the custodial banking system. But it doesn't mean that I don't have any issue while I am using cryptocurrency in this country Even then most of the time I don't face any issue while I am using it but sometime I also face  issue just like that my payments all are on cryptocurrency and on the bank when they asking me the they source of money I can't show them.  Even then we have alternative the mobile banking system what is our current solution.

[rdluffy]

Many here still don't know much about cryptos, only that BTC is a digital coin and nothing more

It's quite difficult to find anyone who uses BTC around here, companies are even more difficult
Interestingly though, there is a city called Rolante, which is VERY pro Bitcoin, and many people accept BTC there, I would even say that it is one of the cities with the most BTC acceptance in the world, check it out here: https://www.bitcoineaqui.com.br/

[salad daging]

Our government is crypto-friendly and that's just for investing or trading in commodity assets.

If it is to make daily transactions to buy goods then it is strictly prohibited and not allowed.
We already have many exchanges that have been regulated by the government.

[0t3p0t]

Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

It's all good here in my country. The regulation is okay but what I don't like was that I can feel monopoly in terms of exchanges or maybe foreign crypto exchanges are not interested in complying. We don't even know what's the result of Binance's issue with the SEC though we can still open the app and it's website but there is no official statement yet from Binance or the authorities about what happened.

[$crypto$]

The government already has its regulations, and in my own country, the use of crypto is easy based on regulations that can only be used as a commodity asset, while for payments and others it is prohibited.

We must also respect the existing rules, because after all it is an obligation for citizens. And I think this is still okay, because we can still maximize it well.

[Crwth]

Since it is P2P, it is hard for regulators to check how people are using it, as only the Blockchain could see those transactions. It is hard for that, and having people use centralized exchanges can force their members to declare.

So, if you don’t go with any of it, it’s still possible to transact using any crypto, and it’s pretty easy if you learn it.

[albon]

In my country, crypto is illegal so it is illegal to use crypto as a central bank. However, since there are no regulations like banks here, anyone can easily use crypto and the crypto world has the necessary features for that. Since it is banned in my country we cannot use it directly and we have to keep all our identities confidential. There are legal restrictions on using crypto, so if the police catch us there are penalties. I use some websites for crypto transactions that allow me to easily convert to my country currency. However, I can never exchange large funds because I could face serious legal problems if the government were to track my identity.

[Wiwo]

Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

I thought I saw a similar thread on bitcointalk yesterday, about the condition of crypto users in various countries, and I made a comment I think or I just read that thread through, the thing is that in my country, banks have strict guidelines to block any account that deal on crypto transactions.

But citizens have to rely on p2p since p2p cryptocurrency transactions us fully anonymous and unless the buyer and seller declare such transactions as cryptocurrency transactions.

[Mr. Magkaisa]

In my country, crypto is illegal so it is illegal to use crypto as a central bank. However, since there are no regulations like banks here, anyone can easily use crypto and the crypto world has the necessary features for that. Since it is banned in my country we cannot use it directly and we have to keep all our identities confidential. There are legal restrictions on using crypto, so if the police catch us there are penalties. I use some websites for crypto transactions that allow me to easily convert to my country currency. However, I can never exchange large funds because I could face serious legal problems if the government were to track my identity.

              -    That's the only problem when cryptocurrency is illegal in a country like yours, mate, how come you're using a VPN anyway when the amount you're withdrawing is, let's say, around $500 that you made profit from cryptocurrency?

Because here in our country, we can transact through p2p features using our local exchange and even on international exchanges that have merchants
that are going to our fiat currency.

[target]

In my country, crypto is illegal so it is illegal to use crypto as a central bank. However, since there are no regulations like banks here, anyone can easily use crypto and the crypto world has the necessary features for that. Since it is banned in my country we cannot use it directly and we have to keep all our identities confidential. There are legal restrictions on using crypto, so if the police catch us there are penalties. I use some websites for crypto transactions that allow me to easily convert to my country currency. However, I can never exchange large funds because I could face serious legal problems if the government were to track my identity.

              -    That's the only problem when cryptocurrency is illegal in a country like yours, mate, how come you're using a VPN anyway when the amount you're withdrawing is, let's say, around $500 that you made profit from cryptocurrency?

Because here in our country, we can transact through p2p features using our local exchange and even on international exchanges that have merchants
that are going to our fiat currency.

He would do it little by little I think since he couldn't make big transactions maybe its going to be flagged if it becomes too big like $10k but $500 I think is just too small for their government to trace.

In my country its not illegal so everyone could just buy even in out ewallets there are programs that allows anyone to invest in crypto.  A lot of exchanges are allowed to operate in my country, cryptocurrency is all open for all.

[JISAN]

Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

It is not very easy to use crypto or cash them out in my country because the government still bans Bitcoin or all other crypto payments in my country. Due to which crypto cannot be used openly here and if in any way someone is cheated through crypto then he does not get any legal help. Because the government has clearly banned it and asked to refrain from crypto transactions. However, those who see the bright future of crypto are using crypto and investing at their own risk. This is the picture of our country till now

[Z-tight]

Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

Crypto is legal in most countries, and since that is the case, crypto transactions go on as normal. If you are talking of countries where BTC is banned, it is in such situations that the people who use crypto in such places run the risk of getting on the wrong side of the law.

[SmartGold01]

Different countries in the world have distinct law, governing digital asset, despite bans or restrictions, transactions still occurs. How do these transactions occur despite regulatory challenges.

The p2p platform is still active functioning very well.
So lot of people trade their cryptocurrency through p2p platform while some of those countries that doesn't allow them trade Bitcoin does it on their black market, like joining specific groups of people to trade between themselves, while some others do trade on the forum as it's safest way to trade crypto coins or Bitcoin.