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Author Topic: How easy it's to use cryptocurrency in your country ?  (Read 901 times)

Online Blaze

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #30 on: April 30, 2025, 01:23:43 PM »
If you don't want to have problems with the law, make transactions with privacy, because each country's policy is different. In my country, crypto is allowed so I have no problem when making these transactions on local exchanges.
Although taxed, because the government has allowed it, I feel safe.
I understand that there are legal differences from one region to another. Therefore, when in a supportive system and conforming to the laid down regulations one feels secure. That stated, you still need to be prudent with the sharing of your data during the times of transaction. Cryptocurrencies are legal but that doesn’t make everyone associated with it deserving of a trust. Of course I still believe that personal details should be concealed not with a view to evasion of the law but for such things as data manipulation or fraud amongst others. Legality offers predictability that is complemented by the concept of privacy to give security and protection.

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #30 on: April 30, 2025, 01:23:43 PM »

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #31 on: April 30, 2025, 07:39:56 PM »
If you don't want to have problems with the law, make transactions with privacy, because each country's policy is different. In my country, crypto is allowed so I have no problem when making these transactions on local exchanges.
Although taxed, because the government has allowed it, I feel safe.
Many countries are now thinking about crypto legalization and my country has also done research on crypto a few days ago. When it is legalized in a country people will be able to use it safely and risk free. My country government does not want to legalize crypto due to some negative reasons. Some of the notable reasons were concerns about money laundering and other illegal activities related to unregulated cryptocurrency trading. However, a country government can accept crypto as legal if it wants to, following certain rules and regulations. But there is no specific law in my country that considers crypto illegal.

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #31 on: April 30, 2025, 07:39:56 PM »

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Offline bayu7adi

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #32 on: Today at 10:36:42 AM »
Many countries are now thinking about crypto legalization and my country has also done research on crypto a few days ago. When it is legalized in a country people will be able to use it safely and risk free. My country government does not want to legalize crypto due to some negative reasons. Some of the notable reasons were concerns about money laundering and other illegal activities related to unregulated cryptocurrency trading. However, a country government can accept crypto as legal if it wants to, following certain rules and regulations. But there is no specific law in my country that considers crypto illegal.
It doesn't seem like good news, considering your government has not fully implemented regulations for cryptocurrency to circulate in your country... all the bad possibilities are true, with crypto we can launder money, but it is not much different from jewelry such as diamonds, which are also easy to launder money there....

Fears of the bad things about cryptocurrency are usually the reason for them to refuse adoption, as if they are closing themselves off to the positive possibilities that can arise from cryptocurrency...
Many governments think so, because the existence of cryptocurrency is still not accepted in many countries.... so some countries may still consider security rather than taking risks.

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #33 on: Today at 11:02:40 AM »
Many countries are now thinking about crypto legalization and my country has also done research on crypto a few days ago. When it is legalized in a country people will be able to use it safely and risk free. My country government does not want to legalize crypto due to some negative reasons. Some of the notable reasons were concerns about money laundering and other illegal activities related to unregulated cryptocurrency trading. However, a country government can accept crypto as legal if it wants to, following certain rules and regulations. But there is no specific law in my country that considers crypto illegal.
It doesn't seem like good news, considering your government has not fully implemented regulations for cryptocurrency to circulate in your country... all the bad possibilities are true, with crypto we can launder money, but it is not much different from jewelry such as diamonds, which are also easy to launder money there....
but the government also is not deeming it illegal lol there are lots of countries (mine included) that are stuck in such a neutral part about crypto there are no strong positive policies but there are also no strong negative policies this seems better than having a government that would act negative towards crypto
Quote
Many governments think so, because the existence of cryptocurrency is still not accepted in many countries.... so some countries may still consider security rather than taking risks.
more and more countries like russia, us, china that are using bitcoin and when big countries such as those are mentioned other countries should look and try to understand what they are doing and what can we do to catch up to the big boys

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #34 on: Today at 11:43:53 AM »
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 seems that as long as there is still a way and there is still an opportunity to do it, usually people will also think about it and do it if they already know cryptocurrency. Because, this is indeed that good for getting extra income from crypto. Therefore, many people who live in countries that still ban crypto can still do it, but of course there are certain limitations, and it cannot be as free as when crypto was legal and allowed.

Luckily, I live in a country that has legalized cryptocurrency, as a commodity asset, not as a currency for payment. So I am very grateful, there are many ways that can be done and I no longer need to hide to do it.
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Re: How easy it's to use cryptocurrency in your country ?
« Reply #35 on: Today at 01:45:17 PM »
Before, in my country, using crypto was not an issue, as many people were trading on bitcoin, and banks too were also processing crypto transactions but all of a sudden it took a dive and the government began to hunt down local exchanges and crypto traders to the point of even having legal issues with binance. The government also arrested crypto traders, accusing them of money laundering. All these made crypto enthusiasts in my country go solo, and nobody was coming out to talk about crypto anymore, talk of transacting openly. However, all these happened during the previous administration, and now this current administration has approved crypto in the country, and so far, crypto traders and enthusiasts have been liberated and are currently doing their trades  and organisations beginning to accept crypto for services and payment.
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Re: How easy it's to use cryptocurrency in your country ?
« Reply #36 on: Today at 03:40:23 PM »
Before, in my country, using crypto was not an issue, as many people were trading on bitcoin, and banks too were also processing crypto transactions but all of a sudden it took a dive and the government began to hunt down local exchanges and crypto traders to the point of even having legal issues with binance. The government also arrested crypto traders, accusing them of money laundering. All these made crypto enthusiasts in my country go solo, and nobody was coming out to talk about crypto anymore, talk of transacting openly. However, all these happened during the previous administration, and now this current administration has approved crypto in the country, and so far, crypto traders and enthusiasts have been liberated and are currently doing their trades  and organisations beginning to accept crypto for services and payment.
I will not accuse any person for avoiding cryptocurrencies in the past due to pressure. What is very human when a previously free activity one undertakes becomes illegal is the fear one gets. As it is today, you have the chance to continue from where it was stopped, now that you are mature enough. It is not merely about returning to the business of trading or receiving remuneration but rather regaining the confidence that was given before it was let go. And if you still have a feeling that there is genuine worth in it, you have all the cause to go further in it. Overall, the calmness is worth more than the issues that are related to speed in chasing after the opportunities.

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Re: How easy it's to use cryptocurrency in your country ?
« Reply #36 on: Today at 03:40:23 PM »


 

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