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

[Cryptsafe]

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.

This is quite a scary situation, is the change that drastic and that severe until now for various connections with crypto? It could be that different periods will provide different policies too. Some countries are still that strict until now about crypto. Including the mindset of its citizens. Even in my country where crypto is already legally legal as a commodity asset, there are still many pros and cons related to its use among the community.

Actually, the ban has been lifted by the current administration, but before then, there was a restriction that affected enthusiasts from further transacting in Bitcoin; the banks, too, were restricted by the apex bank to stop crypto transactions and to freeze any account that deals in crypto.  I believe this current administration has looked into it, and all these happened after the US adopted and approved Bitcoin in their country, but now crypto is legal and everyone is free to trade crypto, but the truth is that enthusiasts are still skeptical and also cautious with the new policies and do not want to be talked unawares.

            -      Like you here in our country, our government is relaxed when it comes to bitcoin or cryptocurrency, especially in making transactions from the exchange earning to cryptocurrency to our fiat, this has been happening for several years now.

And until now, any of our citizens here is also free to do bitcoin or cryptocurrency depending on the choice that any of us will make here. The only thing that is not good is that cryptocurrency seems to be politicized in other aspects here, like that.

It is nice your government was quick to recognise bitcoin and accepted it but here in my country, it took a whole lot for the government to accept bitcoin to be fully recognise and I believe it was because the US government legalised it in their country that was when the governmet was quick to approve it here in my country so they do not miss out otherwise it would still remain as it was before.

[Bliznec]

There are laws everywhere, but that doesn't apply to crypto. Or rather, there are laws, but they can be circumvented.

[Legion]

It is nice your government was quick to recognise bitcoin and accepted it but here in my country, it took a whole lot for the government to accept bitcoin to be fully recognise and I believe it was because the US government legalised it in their country that was when the governmet was quick to approve it here in my country so they do not miss out otherwise it would still remain as it was before.

Being a part of the global macroeconomic process the evolution of the accepting bitcoin is not about how big country has to follow, but it is about how the country is ready for creating proper legislation. New technologies present themselves as an unclear front in any domestic markets and economies due to their capabilities as emerging innovations. Thus, irrespective of today’s world heuristic leading countries such as the US, more countries must be wary not to make hasty decisions that might be fraught with risks. This remains true to this date where every country has its own management bond in as much as they conduct change in the monetary policy.

[Fivestar4everMVP]

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.

Well, I don't know, cryptocurrency transactions used to be banned here in my country, it is of recent I heard that the ban has been lifted.. But before the ban was lifted, we as citizens have continued to transact in Cryptocurrencies through p2p..

And just incase you don't know, P2P simply means peer to peer means of buying and selling digital assets which happening between the buyer and the seller directly without banks getting involved as intermediary..
This is very effective and efficient today most definitely as we now have alot of good p2p platforms provided by some top exchanges like bybit, kucoin, Bitget and others.. This is how crypto transactions have continued to happen in my country when while ban was in effect.

[legend45]

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.

Yes, how do you gain back that confidence you once had in the system before the drama started. as it stands now, even if the process is now legal, people would still be sceptical about it because they just might think it is a bait used by the government to get at them because of the way they treated enthusiast before declaring it illegal. Ordinarily, the government can not be trusted in such situations, hence, people will have to apply caution when dealing with crypto.

Yes, we have to be careful in transacting in crypto, we are afraid that the government will legalize it and then take high taxes from the coins we hold. I only use a few assets for transactions on local exchanges, when I need to withdraw. Because I focus more on trading on global exchanges, I feel more comfortable there.

[robelneo]

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.

Our country is cryptocurrency-friendly, but still, the government regulates what its citizens can use when it comes to trading. This is the reason why Binance is still banned in our country.
We have our own local exchanges, but what our community wants and asks is for our government to give Binance a license to operate in our country.

[legend45]

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.

Our country is cryptocurrency-friendly, but still, the government regulates what its citizens can use when it comes to trading. This is the reason why Binance is still banned in our country.
We have our own local exchanges, but what our community wants and asks is for our government to give Binance a license to operate in our country.

In our country, the government provides access for its citizens to use binance as an exchange, so for us it is not a mistake.
Maybe in other countries the same thing will happen in the next few years, maybe the government is just reviewing to give permission.
We have given taxes when transacting on local exchanges, the government should support us.

[Cryptsafe]

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.

Yes, how do you gain back that confidence you once had in the system before the drama started. as it stands now, even if the process is now legal, people would still be sceptical about it because they just might think it is a bait used by the government to get at them because of the way they treated enthusiast before declaring it illegal. Ordinarily, the government can not be trusted in such situations, hence, people will have to apply caution when dealing with crypto.

Yes, we have to be careful in transacting in crypto, we are afraid that the government will legalize it and then take high taxes from the coins we hold. I only use a few assets for transactions on local exchanges, when I need to withdraw. Because I focus more on trading on global exchanges, I feel more comfortable there.

Although my government has not emphasized making use of local exchange, even if they do, I will not make the mistake of using it because of their way of behaviour, as they might just wake up one day with a funny policy to hold cryptoenthusiasts down. They have done it before, so they might still do it again in the future, so it is best to apply caution if you must use the local exchange to trade your crypto asset, remember that the government can not be trusted.

[MRY]

In our country, the government provides access for its citizens to use binance as an exchange, so for us it is not a mistake.
Maybe in other countries the same thing will happen in the next few years, maybe the government is just reviewing to give permission.
We have given taxes when transacting on local exchanges, the government should support us.

Of course, the government does have the right to set the measures as to whether the citizens could use crypto exchange platform in their countries or not, including my country. When making transactions at local exchanges, we have been paying taxes therefore executing our responsibilities of citizens. Accordingly, the existence of Binance is not an issue as long as the prevailing regulations are legal to permit formation of the exchange. If there are other countries that have not restricted some things like these, perhaps it is time for them too to allow those who wish to take advantage of the international site, however, after providing certain clear guidelines so as to avoid insecurity. All of this is done in order to improve users’ environment and make it more transparent.

[bitterguy28]

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.

Our country is cryptocurrency-friendly, but still, the government regulates what its citizens can use when it comes to trading. This is the reason why Binance is still banned in our country.

will we really call a country crypto-friendly if one of, if not the biggest crypto exchange is banned in it?

We have our own local exchanges, but what our community wants and asks is for our government to give Binance a license to operate in our country.

yes there are local exchanges that are also used by a lot of the citizens but it’s still different to be able to use an exchange that a lot of people across the globe uses and being able to use it to transact with anyone from anywhere in the  world certainly boost convenience and also there are features in binance not available in most local exchanges so it’s really not the same

[kulkhan]

No easy to use cryptocurrency in our country. Cryptocurrency is banned in our country. Our central bank prohibits this through a circular. We are using cryptocurrency secretly. Our government strongly avoid cryptocurrency in our country. But we saw many country gradually approving cryptocurrency. I hope today or tomorrow our government consider it and approve cryptocurrency in our country.

[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.

Well, I don't know, cryptocurrency transactions used to be banned here in my country, it is of recent I heard that the ban has been lifted.. But before the ban was lifted, we as citizens have continued to transact in Cryptocurrencies through p2p..

And just incase you don't know, P2P simply means peer to peer means of buying and selling digital assets which happening between the buyer and the seller directly without banks getting involved as intermediary..
This is very effective and efficient today most definitely as we now have alot of good p2p platforms provided by some top exchanges like bybit, kucoin, Bitget and others.. This is how crypto transactions have continued to happen in my country when while ban was in effect.

One of the things that have been noticeable with most countries is that their have hostile environment for the government, most of the things that we face as a limitations to cryptocurrency adoption in our regions are just partial legal applications, but deep between we all have to face several limitation and at that point, P2P becomes the only available options.

[cryptodavid7]

Honestly using crypto in Pakistan huff, its a mixed experience . Its not easy but not impossible.

On one hand, interest in crypto is growing fast here. A lot of people, especially younger investors, are trading altcoins and following the  crypto news stories closely.  Binance and KuCoin are popular trading platforms for users in Pakistan

[Bryancrypto]

So being in Pakistan it's really tough, but honesty speaking not impossible.Hype of crypto and Bitcoin is so much that everyone youngster especially traders are really enthusiastic about it so I would say overall it's great.

[Blaze]

One of the things that have been noticeable with most countries is that their have hostile environment for the government, most of the things that we face as a limitations to cryptocurrency adoption in our regions are just partial legal applications, but deep between we all have to face several limitation and at that point, P2P becomes the only available options.

This show that one of the major challenges for the users of crypto is the fact that most of the countries still have regulatory ambiguity. Nevertheless, we are not stopping to seeking for opportunities to expand our entrance to the crypto market. Yes, P2P is relatively bilateral to transact despite of regulation by creating opportunity to transact among individuals. However, there are certain drawbacks of this system and some of them are the security and trust related issues. On the other hand, in these conditions in which the market is rather volatile, there is still an opportunity to participate in P2P for those who remain interested in the crypto space.