Partial restrictions on cryptocurrencies are seen in 42 jurisdictions, according to the U.S. Law Library of Congress.

Nine Countries Have Completely Banned Crypto

The Global Legal Research Directorate (GLRD) of the U.S. Law Library of Congress has published a report showing that as of November 2021, there are 51 states with an absolute or implicit ban on cryptocurrencies. 

China, Qatar, Iraq, Bangladesh, Nepal, Egypt, Morocco, Algeria, and Tunisia have fully banned cryptocurrencies. Another 42 jurisdictions partially restrict the use of cryptocurrencies, such as banning crypto exchanges or digital asset transactions for banks.

Cryptocurrencies are freely used and legally regulated in 103 countries around the world. These states include anti-money laundering (AML) and countering the financing of terrorism (CFT).

Author: Alex Golovakha
#Cryptocurrency #Regulation