Here are the countries that moved to outlaw crypto in the past year -Breaking
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Last week, Pakistan’s Sindh High Court A hearing was conductedregarding the legal status digital currencies, which could result in a complete ban on crypto trading as well as penalties for cryptocurrency exchanges. A few days later, Russia’s Central Bank issued a statement. Solicited for a banBoth mining and crypto trading are prohibited. These two countries may join the increasing number of nations who have outlawed digital assets. This includes China, Turkey and Iran, among others.
The Library of Congress has released a reportAt the moment, nine jurisdictions have implemented an absolute ban on cryptocurrency and 42 an implicit ban. This worrying trend is highlighted by the authors of this report. Since 2018, there have been more than twice as many countries that ban crypto. 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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