Bitcoin Banned Countries List

12/02/2021  · Countries That Bitcoin is Banned in 2021. Kevin Gabeci. Follow. Feb 13, 2021 · 4 min read. Without a doubt, we are in the cryptocurrency revolution that will shape the world for the future but not everyone has figured it out yet. Even though Bitcoin has seen a huge rise in popularity and also in the price there are still many countries that forbid it completely. Only a.

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The nation sits at number two on the list of.

has urged El Salvador to drop bitcoin as a legal tender, citing risks to the nation’s financial stability and consumer protection, joining a growing chorus of countries clamping down on private.

However, the following list contains countries that have banned Bitcoin. Algeria – The country’s law clearly states that “the purchase, sale, use, and storage of any type of virtual currency is illegal”. Egypt – transactions made using Bitcoin are both immoral from a religious standpoint and illegal according to the country’s Islamic legislator. Morocco – Morocco also belongs to.

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Countries neighboring Russia also implicitly ban crypto. This list includes Georgia, Moldova, Tajikistan and Turkmenistan. Even Kazakhstan, champion of bitcoin in fact, has a 2020 law that allows.

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12/08/2021  · Illegal in any Shape or Form. Bitcoin and other cryptocurrencies are completely banned in the following countries: Algeria – according to the state’s law, “the purchase, sale, use, and holding of so-called virtual currency is prohibited”.; Bangladesh – anyone caught using or owning Bitcoin or any other cryptocurrency will be jailed, according to the Bangladesh Bank.