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Here are the countries that moved to outlaw crypto in the past year -Breaking

by Mike Robinson

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Last week, Pakistan’s Sindh High CourtHeldA hearing was held on the legal status digital currencies. This could lead to a ban on cryptocurrency trading and penalties for those who trade in them. The Central Bank of Russia followed suit several days later. So-calledBoth crypto trading and mining should be banned. They could be part of the growing number countries who have banned digital assets. These include China Turkey Iran and many other nations.

According to aReportAccording to the Library of Congress, there are nine countries that currently have an explicit ban on crypto. 42 others have an absolute ban. This report highlights a worrying trend by its authors: Since 2018, the number countries that ban crypto has increased more than twice. Here are the countries that banned certain cryptocurrency-related activities or announced their intention to do so in 2021 and early 2022.

Bolivia

China

Indonesia

Nepal

Nigeria

Turkey

Russia

What is the point of all this misery?

Why are governments seeking crypto bans

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