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Though these places don’t always agree on why there should be a crypto or bitcoin trading ban, they do agree that their citizens shouldn’t be allowed anywhere near digital currency. Where Is Crypto Illegal? A Full List of Countriesįirst, we’ll go over the places that have declared war on crypto in some form or another.

Though the country doesn’t seem to be too fond of crypto, there’s no outright ban.

Is It Legal to Create a Cryptocurrency?.Let’s take a look at all these polar opposites. However, there are also two countries that have swung the other way and have in fact made crypto legal tender. We’ve identified eight countries that have either banned crypto trading or restricted it severely, and we go over them below. Currently, only two countries have adopted Bitcoin as legal tender: El Salvador and the Central African Republic.Many more countries, however, do have restrictions of some kind on crypto, so you may want to double-check what your country’s rules are regarding digital assets.Countries that ban cryptocurrency outright are few and far between we only found eight that fit the bill.So where is crypto illegal? Key Takeaways: Crypto Bans A few countries beg to differ, though, and have prohibited trading in digital assets to some extent or another. Though digital or virtual currency isn’t always aboveboard (seriously, the number of scams is shocking), there seems to be just enough merit in it that governments generally don’t seem to want to shut it down completely. Last Updated: 22 Feb'23 T20:06:37+00:00 Facts checked by Jasna Mishevska MP4 Repair: How to Fix Corrupted Video Files in 2019īy Fergus O'Sullivan ( Writer, Former Chief Editor).Best Choice Stellar Phoenix Data Recovery.How to Create a Strong Password in 2023: Secure Password Generator & 6 Tips for Strong Passwords.How to Securely Store Passwords in 2023: Best Secure Password Storage.Best Password Manager for Small Business.

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