According to the U.S. Library of Congress, as of November 2021, a total of nine countries have banned cryptocurrency completely. These countries are Algeria, Bangladesh, China, Egypt, Iraq, Morocco, Nepal, Qatar and Tunisia.
Has any country banned Bitcoin?
Bolivia. There is a complete ban in place on the usage of Bitcoin in Bolivia since 2014. The Bolivian Central Bank issued a resolution banning it and any other currency not regulated by a country or economic zone.
Which European country banned cryptocurrency?
The European Union has placed a blanket ban on all crypto services to Russian entities as part of its eighth round of sanctions against the country.
Is cryptocurrency banned in USA?
Key Takeaways. As of June 2021, bitcoin was legal in the U.S., Japan, the U.K., and most other developed countries. In general, it is necessary to look at bitcoin laws in specific countries. In the U.S., the IRS has taken an increasing interest in bitcoin and has issued guidelines for taxpayers.