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I would be surprised if existing capital controls wouldn't prevent you from doing just that. Not every country is as liberal as the West when it comes to moving

• bsaul 9y ago
  isn't bitcoin less monitored by states ? i don't see how they could prevent people from trading bitcoins unless they resort to total shutdown of the internet. But maybe i'm not informed enough.
  • ATsch 9y ago
    well, by fining you for tax evasion or putting you in jail. Sure, they can't physically stop you from trading bitcoin, but they sure can make sure nobody will be willing to trade it.
  • Symmetry 9y ago
    Bitcoint itself is less monitored but to buy bitcoin (as opposed to mining or earning it) you have to use the money in your bank account. And if there are currency controls you won't be able to take your Venezuelan bank account and transfer the money to a US bitcoin holder in return for bitcoins. And I doubt many people in Venezuela who have bitcoins will want to trade them for Venezuelan currency.
    • bsaul 9y ago
      That's an issue i hadn't anticipated indeed. Wouldn't it possible to buy real goods in venezuela using native currency ( like , say electronic equipment, or maybe something that doesn't loose as much value in secondhand market), and sell it online against bitcoins ?
      • Symmetry 9y ago
        I'm sure you could do it somehow but I wouldn't think it would be any easier to use Bitcoin than US dollars. The fundamental difficulty of working around the Venezuelan banking system is there in either case.