Nine Countries Have Completely Banned Crypto

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).

#Regulation news

Representatives of the U.S. House of Representatives introduced a new bill to clarify the authority of the Commodity Futures Trading Commission (CFTC) and the Securities and Exchange Commission (SEC) in crypto market regulation.
Regulation of EU Crypto Market to Get Tougher
WEF Concerned About Crypto-Asset Regulation
Become a member of the CoinsPaid Media Community and start using crypto before it goes mainstream
Subscribe to the newsletter and training materials