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At the end of the Global Financial Crisis of 2008, the trust people had in banks was at an all-time-low – and it still is today. In the wake of this dismal period, came an opportunity for something new, modern and exciting to take advantage of the general sense of mistrust, and that something new was Bitcoin. People from all around the world have been drawn to this disruptive cryptocurrency because it is free from the regulation of central banking institutions and governments and is generally viewed as more trustworthy as a result.
Although central banking institutions have been able to gain back some of the trust they once had, it is nowhere near the levels prior to the financial crisis, and it looks as if the people will never be able to trust these institutions fully again. It is no surprise, therefore, that cryptocurrency could be the future.
Despite this, cryptocurrency is far from perfect, and governments have been looking into attempts to regulate virtual currencies, threatening the very thing which makes them attractive in the first place. There is a way to get around this though.
#1: Using a VPN
By using a VPN, you can extend your privacy and circumvent any obstacles that may come in the way of free access to Bitcoin and other cryptocurrencies.
A VPN is a clever computer program that enables you to connect to a remote server located somewhere around the world. It is essentially a network which encrypts (secures) data at either end. This helps to protect all transmitted information from being monitored by third parties (i.e., government agencies) and allows users to conceal their IP addresses by using the one provided by the VPN service.
This makes the acquisition of personal data by these third-party agencies all the more difficult. The VPN plus the blockchain makes for a very powerful and secure tool, which will enable you to continue to dabble in cryptocurrency, despite the efforts of government organizations to control it.
#2: GeoIP Bans
A few countries (namely China and South Korea) have gone so far as to ban the trading of Bitcoin and other cryptocurrencies, which is worrying considering that both countries are two of the biggest markets for it.
These countries have achieved this through what is known as GeoIP banning or geo-blocking, which restricts certain content based on the region where the end-user is located, according to their IP address. This is where VPNs come in. When a user connects to a VPN server, their IP address changes.
Certain VPNs enable the end-user to choose which location they would like to connect to, letting them select a region which isn’t blocked from accessing certain content. Doing this, users in China, South Korea, and any other country that may ban access to cryptocurrency in the future, will still be able to acquire and trade with virtual currencies.
#3: Bypassing These GeoIP Bans
Some websites will use detection software, which can recognize when somebody is using a VPN and stop the end-user from accessing their content. This can, however, easily be bypassed by the end-user if they use multiple VPNs and cycle through them, or change to a different server in the VPN they are currently using. Regularly cycling your IP address is the best method to get around this, as not every VPN service (especially low-profile ones) and VPN IP address will be picked up by the detection software.
Although VPNs are a solution to the regulation of cryptocurrency by some nations, it is not the be-all-end-all, and the only way to really get around these cryptocurrency bans is to pressure government organizations into not regulating the industry. However, this is easier said than done when you consider some of the countries who are guilty of attempting to do this. Also, it is worth being aware that the use of VPNs is illegal in some countries and it can get the end-user into some serious trouble if they are caught.
With all the hype surrounding cryptocurrency has come to the unwanted attention from government agencies, some of whom are attempting to regulate the industry and ban the use of cryptocurrency. One way around this, although far from perfect, is the use of a VPN to change your IP address and trick websites into thinking you are from somewhere else.
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