In some of the countries trading in Crypto-Currency market is restricted and not completely banned. Here, banks and financial institutes do not provide financial services in regard to Crypto-Currency. No Crypto exchanges are made here . Although these bans exist but these countries do not completely stop in trading them.
Bitcoin and other Crypto-Currencies are considered outlaws in some of the countries as the Government and the financial institutions are not able to control or regulate them. So, it scares them. Crypto-Currency Market attracts Criminals and people interested in tax evasion and money laundering.
Over the last decade, Bitcoin has also made inroads in the U.S. financial system, where it is treated as a commodity, so a ban could face other barriers like stymieing innovation and closing down institutions overseeing billions of dollars in crypto assets.
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