<p>There's basically no way to answer this in a way that's general to countries that forbid foreign exchange, because these regulations have different goals in different countries.</p>

<p>For example, in Venezuela, all foreign exchanges must go through a state bank. The purpose of this is so that they can pretend that their currency is worth more than it actually is. If the central bank in Venezuela doesn't deal in the currency of your choice, I don't think you have any sort of recourse.</p>

<p>I don't have any advice for you, besides, "Hire the nephew of the guy who runs the central bank in your country."</p>

CC BY-SA 3.0
2015-02-25T23:54:08.200Z
2015-02-26T02:29:02.637Z
2015-02-26T02:29:02.637Z
Nick ODell
<p>Illegal exchange flourishes wherever exchange is forbidden.</p>

<p>Legal exchange operates to the degree and magnitude of effective enforcement of the ban.</p>

<p>Tracking goods &amp; services trade paid in a cryptocurrency would be difficult, so trade would be the only way in an area that effectively restricts a cryptocurrency's trade with other currencies.</p>

CC BY-SA 3.0
2015-02-26T02:21:07.687Z
2015-02-26T02:21:07.687Z
Jim Bob
<p>I'm wondering how cryptocurrency exchange platform adapt to country regulations where foreign exchange is forbidden (especially where sending money outside is forbidden).</p>

<p>How they could buy Bitcoin from outside without violating regulations (foreign exchange regulations), in the case if they don't have much liquidity to match international market price of Bitcoin ?</p>

<exchanges><regulation>
Bitcoin exchange platforms and foreign exchange regulations
geogeek
# Bitcoin exchange platforms and foreign exchange regulations

(Asked by: username_0 on 2015-02-25)

I'm wondering how cryptocurrency exchange platform adapt to country regulations where foreign exchange is forbidden (especially where sending money outside is forbidden).

How they could buy Bitcoin from outside without violating regulations (foreign exchange regulations), in the case if they don't have much liquidity to match international market price of Bitcoin ?

**Tags:** exchanges, regulation


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## 2 answers

### Answer by username_1 on 2015-02-25. Score: 1

There's basically no way to answer this in a way that's general to countries that forbid foreign exchange, because these regulations have different goals in different countries.

For example, in Venezuela, all foreign exchanges must go through a state bank. The purpose of this is so that they can pretend that their currency is worth more than it actually is. If the central bank in Venezuela doesn't deal in the currency of your choice, I don't think you have any sort of recourse.

I don't have any advice for you, besides, "Hire the nephew of the guy who runs the central bank in your country."


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### Answer by username_2 on 2015-02-26. Score: 1

Illegal exchange flourishes wherever exchange is forbidden.

Legal exchange operates to the degree and magnitude of effective enforcement of the ban.

Tracking goods & services trade paid in a cryptocurrency would be difficult, so trade would be the only way in an area that effectively restricts a cryptocurrency's trade with other currencies.


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