What’s Your Take?
This was our list of 7 countries where cryptocurrency is currently banned. Apart from these 7 nations, countries where crypto is banned like Bolivia, Indonesia, Nepal, and Nigeria have also banned trading or payment in cryptos. While several people, governments, and institutions are taking cryptos seriously, some countries are still turning blind eyes to the newest changes in the finance space.
Some consider the entire cryptocurrency system as nothing but speculation and farce. On the other hand, a large section understands and acknowledges the change. Time will surely tell the rest, but in which category do you fall?
7 Countries Where Crypto is Banned
Countries Where Crypto is Banned: Cryptocurrency has taken the entire world’s financial system by storm and has become one of the trending topics in today’s world.
It is slowly growing as a digital asset, with more and more people investing in different currencies. Along with that, several investment banking institutions and centralized banks fear losing control with the Decentralized Finance (DeFi) system slowly coming into existence. While Bitcoin is the ocean’s shark, several other coins have come up in the cryptocurrency market. In recent times, there’s also hype about metaverse and NFT. Thus, a lot is going on in the online world.
Now gone are the days when you only used to have shares or real estate to invest your money.
Cryptos and all the projects built on cryptocurrencies attract investors who are willing and intelligent enough to accept the change. The change seems to be inevitable in the way the world is progressing.
List of Cryptocurrency Banned Countries
- Qatar
- Bangladesh
- China
- Algeria
- Iraq
- Morocco
- Vietnam