Some Strategies Adopted by Users to Bypass Government Crypto Ban

The ban placed on cryptocurrencies in some jurisdictions has made crypto users adopt strategies to bypass the sanctions. This is due to the benefits they had enjoyed or read that crypto offers. Some of the strategies to bypass the crypto ban include the following. 1. Use of Virtual Private Network (VPN) Virtual Private Network (VPN) is used for anonymous online browsing. This is attained by routing the encrypted activities of the users. Other users will not be able to know or have access to the users’ information. VPN allows its users to pick the country of their choice while browsing. Since some VPNs are free to use, a crypto user can easily access their exchange account or private wallets with them. Through this, the government will not be able to receive information concerning them. Using VPNs is one of the most effective strategies to bypass crypto ban. 2. Peer-to-Peer Transactions Most top Cryptocurrency exchanges like Binance, Mexc, Kucoin, LBank, Crypto.com, Gate.io, and others have established peer-to-peer transactions. This is known in the crypto space as P2P trades. P2P allows users in a given country to trade on their cryptocurrency assets and the local fiat. The exchange acts as an escrow service provider in settling transactions and disputes that might arise. Users can now receive funds in exchange for their cryptocurrencies as a normal bank deposit. 3. Purchase of Personal Goods At present, there is a rise in the...